PRE MARKET
GIFT Nifty indicates a decent start on May 30, with early gains. The 50-share index was trading around 24,940, up 0.44 percent, raising hopes that Nifty might reclaim the 25,000 mark in today’s session.
US stock futures declined as uncertainties around President Donald Trump’s tariffs whipsawed the markets.
Dow futures fell by 0.11 percent, while futures on the S&P 500 and Nasdaq climbed around 0.4 percent each.
Asian stocks traded red due to uncertainty surrounding Trump’s tariffs.
Japan’s Nikkei fell nearly 1.5 percent, and Hong Kong’s Hang Seng also fell almost 1.5 percent. The Shanghai Composite edged lower by 0.33 percent.
STOCKS TODAY
NLC India
The company’s subsidiary, NLC India Renewables, has signed a Joint Venture agreement with Mahatma Phule Renewable Energy & Infrastructure Technology (MAHAPREIT) to accelerate renewable energy development in Maharashtra. Under the agreement, they will develop 2,000 MW of renewable energy projects.
Suzlon Energy
Wind energy player Suzlon Energy Ltd shares will be in focus in trade on Friday, May 30, after the renewable energy solutions posted higher-than-expected profit for the quarter ended March 31, 2025. The company reported a 365 percent increase in consolidated net profit to Rs 1,181 crore in the March quarter, mainly due to an exceptional gain boosted by a deferred tax gain of Rs 600 crore.
Bajaj Auto
Shares of Bajaj Auto are likely to be in focus on May 30 after the company posted a 6 percent rise in net profit to Rs 2,049 crore for the March quarter, beating estimates. Strong motorcycle exports and forex gains helped offset weak domestic demand.
Samvardhana Motherson
Auto ancillary player Samvardhana Motherson International Ltd (SAMIL) shares will be in focus, after the firm reported a 20 percent jump in net profit for the quarter ended March 31, 2025.
Source – Moneycontrol
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