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PRE MARKET
Gift Nifty indicates a muted opening, trading at 24,852, down 10 points or 0.04 percent. The two are up 2 and 1.6 percent for the month, respectively.
U.S. stocks rallied on Tuesday after President Donald Trump announced over the holiday weekend that he had agreed to delay a fifty percent tariff on the European Union.
The Dow Jones Industrial Average gained 740.58 points, or 1.78 percent, to close at 42,343.65. The S&P 500 rose 2.05 percent to 5,921.54, and the Nasdaq Composite jumped 2.47 percent to 19,199.16, boosted by strong gains in technology stocks, including Tesla. All three indices snapped a four-day losing streak.
Asian shares opened higher, tracking the biggest rally on Wall Street in over two weeks. Investor sentiment was lifted by a rebound in US consumer confidence and a global surge in bond markets.
Japan’s Nikkei rose over 0.50 percent, Singapore’s Straits Times and the Taiwanese index went up 0.43 percent and 0.53 percent, respectively.
STOCKS TODAY
ITC
London-headquartered British American Tobacco (BAT) is planning to sell a 2.3 percent stake in ITC via the block deal route. At a floor price of Rs 400 per share, the size of the block deal is approximately $1.36 billion.
HBL Engineering
The company has received a Letter of Acceptance from IRCON International for the supply of Kavach, worth Rs 101.55 crore, to be delivered over 18 months.
Tata Steel
The company has filed a fresh writ petition before the Delhi High Court, seeking relief including compensation of Rs 757.14 crore, along with interest, for the cancellation of a coal block and non-payment of pending dues to the company.
LIC
Shares of LIC are expected to remain in the spotlight on May 28 following the release of a mixed set of financial results for the March quarter (Q4FY25). Most brokerages maintained a bullish stance on the stock, citing improving margins and attractive valuations as key growth drivers in the near term.
Info Edge
Shares of Naukri.com parent Info Edge (India) will be in focus in trade on Wednesday, May 28, after the firm announced its earnings results for the three months ended March of the financial year 2024-25 (Q4FY25). Info Edge’s net profit jumped 647 percent to over Rs 740 crore during the quarter, compared to Rs 162 crore in the same quarter last year.
Source – Moneycontrol
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