Opening Bell: Nifty, Sensex Likely to See Flat Start Amid Cautious Global Sentiment
Indian equity benchmarks are expected to open on a muted note Thursday, May 15, amid a lack of clear global cues. Overnight, Wall Street ended mixed, while key Asian markets slipped into negative territory in early trade, adding to investor caution.
On Wednesday, domestic markets showed resilience after Tuesday’s decline, trading within a narrow band before ending modestly higher. Early gains were supported by cooling retail inflation and broadly steady global indicators. However, momentum faded as the session progressed, weighed down by lacklustre participation and divergent trends among index heavyweights.
The Nifty 50 closed at 24,666.90, up 0.36%, as investors awaited fresh triggers to drive direction.
Tata Power is set to ramp up its capital expenditure plans, with an investment outlay of ₹25,000 crore earmarked for FY26. The company is also eyeing potential bids for two electricity distribution firms in Uttar Pradesh, according to CEO Praveer Sinha.
Hindustan Aeronautics Ltd (HAL) reported an 8% year-on-year decline in consolidated net profit for the fourth quarter of FY25, with earnings falling to ₹3,977 crore from ₹4,309 crore in the same period last year. The state-owned defence major also saw its revenue from operations dip 7% to ₹13,700 crore, down from ₹14,769 crore in the corresponding quarter of the previous fiscal.
Eicher Motors reported record sales for its Royal Enfield division in the fourth quarter of FY25, delivering 2,80,801 units — a 23.2% year-on-year rise, marking the highest-ever quarterly sales for the iconic motorcycle brand.
Hindustan Unilever has received ‘no adverse observations’ from both BSE and NSE regarding its proposed Scheme of Arrangement with Kwality Wall’s India, a key regulatory step in the planned restructuring.
Apollo Tyres posted a sharp 47.9% year-on-year drop in consolidated net profit for Q4, coming in at ₹184.6 crore compared to ₹354 crore a year earlier. Revenue rose modestly by 2.6% to ₹6,423.6 crore. The company reported an exceptional loss of ₹118.8 crore during the quarter and announced a dividend of ₹5 per share.
Hitachi Energy saw a robust performance in the fourth quarter, with net profit surging 61.8% year-on-year to ₹183.9 crore. Revenue rose 11.1% to ₹1,883.7 crore, and the board recommended a final dividend of ₹6 per share.
State Bank of India has scheduled a meeting on May 20 to consider raising up to $3 billion through a public issue or other permissible instruments in foreign currencies for the financial year 2025–26.
Shilpa Medicare disclosed that Unit-1 of its subsidiary, Shilpa Pharma Lifesciences, has received an Establishment Inspection Report from the US FDA. The facility has been classified under the 'Voluntary Action Indicated' category.
Real estate player Brigade Enterprises posted a 20% increase in net profit for the March quarter, reaching ₹246.8 crore, driven by healthy sales momentum and project execution.
Infosys has completed the sale of its stake in the HIPUS joint venture in Japan to Mitsubishi Heavy Industries, marking the end of its involvement in the collaborative entity.
Wipro announced a new digital transformation deal with UK-based publishing group Hachette UK. The IT services firm will implement SAP S/4HANA to overhaul and modernize Hachette’s IT infrastructure as part of the strategic engagement.
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