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PRE MARKET
Gift Nifty futures pointed to a mildly upbeat opening for Indian equities, trading 0.12% higher up 30 points, at 24,683.5. The marginal gains suggest a cautious yet positive tone as markets look to stabilize amid global uncertainties.
The volatility in the Treasury market was fueled by fears over the United States’ escalating debt levels, intensified by Moody’s Ratings downgrade of the country’s sovereign credit on Friday. Investors also remain wary of potential deficit expansion linked to former President Donald Trump’s narrowly passed tax legislation.
The S&P 500 edged down by less than 0.1%, while the Nasdaq 100 gained 0.2%. The Dow Jones Industrial Average closed flat.
Asian equities posted modest gains Friday, buoyed by a rebound in U.S. Treasuries and the dollar that helped ease investor concerns over American fiscal policy.
A key regional index rose 0.4%, supported by advances in Japan, Australia, and South Korea. This reflects a cautiously improved risk sentiment across Asia-Pacific markets.
Japan’s Nikkei, Hang Seng, and Kospi increased 0.79, 0.62, and 0.19 percent, respectively, whereas Singapore’s Straits Times and the Taiwanese Index went down by 0.21 and 0.11 percent, respectively.
STOCKS TO WATCH
Ola Electric Mobility
The Board has approved fundraising of up to Rs 1,700 crore through term loans, working capital facilities, and the issuance of non-convertible debentures or other eligible debt securities in one or more tranches on a private placement basis.
TVS Motor Company
The company has signed a Memorandum of Understanding (MoU) with OOR Cabs to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025–26 in Tamil Nadu.
Tata Steel
The company has inaugurated the expanded Tata Steel Kalinganagar (TSK) plant, increasing its crude steel capacity from 3 MTPA to 8 MTPA (million tonnes per annum).
Hindustan Copper
The Board will meet on May 27 to consider raising to Rs 500 crore through the issuance of non-convertible debentures or bonds on a private placement basis.
Adani Ports and Special Economic Zone
The Board has approved the issuance of non-convertible debentures worth up to Rs 6,000 crore in one or more tranches on a private placement basis. The funds will be used for capital expenditure, refinancing of existing debt, and general corporate purposes.
Source – Moneycontrol
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