PRE MARKET
GIFT Nifty was trading at 23,667.50 in early morning trade, up 152.00 points or 0.65 percent, indicating a firm opening for Indian benchmark indices on Friday.
Oil prices bounced in early Friday trading after sharp declines in the previous session. Brent crude rose 2 percent to $104.71 per barrel, while WTI crude gained 1.66 percent to $98.01 per barrel.
Wall Street ended in positive territory overnight. The Dow Jones gained 128.44 points or 0.26 percent, while the S&P 500 rose 0.17 percent and the Nasdaq Composite added 0.09 percent.
Asian equities traded higher on Friday amid hopes of progress in US-Iran negotiations.
Japan’s Nikkei up 2.25 percent, South Korea’s Kospi flat 0.09 percent, while Hong Kong’s Hang Seng up around 0.92 percent.
STOCKS IN NEWS
ITC
Diversified conglomerate ITC Ltd on Thursday posted a 5% year-on-year rise in consolidated net profit for the March quarter to ₹5,113 crore, up from ₹4,875 crore in the same period last year.
Maruti Suzuki
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, on Thursday announced a price increase of up to ₹30,000 across its model lineup effective June 2026, attributing the move to ongoing inflationary pressures and rising input costs.
Nykaa
The company posted a strong increase in fourth-quarter earnings, with consolidated net profit surging to ₹78.4 crore in Q4FY26 from ₹20.3 crore a year earlier, driven by robust revenue growth and improved margins.
GAIL
GAIL (India) Limited on Thursday posted a 21.2% quarter-on-quarter drop in net profit for the March quarter at ₹1,262.2 crore, down from ₹1,603 crore in the preceding quarter.
Tata Steel
The company announced on Thursday, May 21, that the Supreme Court of India has stayed further proceedings in a GST input tax credit (ITC) case related to a tax demand of ₹890.52 crore for FY2018-19 to FY2020-21.
Honasa Consumer
The FMCG company posted a strong increase in net profit for the March quarter, with earnings jumping 176% year-on-year to ₹69 crore from ₹25 crore in the same period last year.
Source: Mint, Moneycontrol