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THE BIG MOVERS @ 9.30 AM — Wednesday, May 21st 2025

Indian benchmark indices opened higher, taking cues from firm Asian markets, and supported by improved sentiment surrounding ongoing US-India Bilateral Trade Agreement (BTA) talks and a decline in the US Dollar Index. Meanwhile, US markets ended lower amid rising Treasury yields and concerns over the US sovereign debt profile. Key earnings to watch out for today include ONGC, IndiGo, IndusInd Bank, PFC, NTPC Green and RVNL.

➡️ Nifty ( 24714, up 0.13%)

➡️ Bank Nifty (54992, up 0.21%)

Nifty’s all-time high at the 26277.05 mark.

BUZZING STOCKS

➡️ Top Index Gainers: DRREDDY (+1.25%) SUNPHARMA (+1.17%) APOLLOHOSP (+0.80%) HDFCBANK (+0.76%) BEL (+0.63%).

➡️Top Index Losers: ETERNAL (-1.55%) SHRIRAMFIN (-1.16%) ADANIPORTS (-0.81%) TRENT (-0.76%) NTPC (-0.72%).

This morning, all the sectoral indices are trading in the mix, with the maximum gain seen at Nifty Realty (+1.46%) and the maximum loss seen at Nifty Consumer Durables (-0.30%).

GLOBAL UPDATE

✅ DOW FUTURES (42648, down 0.29%)
✅ NASDAQ FUTURES (21379, down 0.31%)
✅ NIKKEI (37437, down 0.25%)
✅ HANG SENG (23824, up 0.57%)
✅ SHANGHAI (3393, up 0.39%)
✅ Dollar Index (99.52, down 0.46%)
✅ WTI OIL (63, up 1.56%)

TECHNICAL LEVELS

➡️Nifty
Support:- 24500, 24200
Resistance:- 24950, 25100

➡️ Bank Nifty
Support:- 54500, 54000
Resistance:- 55400, 55900

KEY THEMES FOR THE DAY

👉India's Infrastructure Output (YoY) for April came in at 0.5%, significantly lower than the previous reading of 4.6%, indicating a sharp slowdown in core sector activity and suggesting weaker industrial momentum at the start of the fiscal year.

👉Fed officials warned of economic risks despite easing U.S.-China tensions. St. Louis Fed’s Musalem sees a weakening labor market and rising prices, while Atlanta Fed’s Bostic warns of a potential inflation wave.

👉Longer-dated US Treasury yields edged higher amid the US fiscal concerns. The benchmark US 10-year note yield rose 0.2 basis points to 4.477%. The 30-year bond yield gained 2.3 bps to 4.965%. On Monday, it touched 5.037% in intraday trading, the highest since November 2023.

👉Yields on Japan's long-term government bonds hit record highs after weak demand at a debt auction. The 30-year yield rose to 3.14%, and the 40-year yield jumped to a record 3.61%, up 0.17 percentage points.

👉India's defence exports to around 100 countries have soared 34 times in the past 11 years, from Rs 686 crore in FY14 to Rs 23,622 crore in FY25. A slew of policy measures, including simplification of industrial licensing procedures, removal of parts and components from the license regime, along with easing rules for exports of equipment, have contributed to India transforming from a net importer of defence equipment to an exporter.

👉JSW Steel is facing a possible reversal of tax benefits availed as part of the acquisition of Bhushan Power and Steel (BPSL), following its 2020 takeover of the bankrupt company being scrapped by the Supreme Court, said people aware of the matter.

👉Gland Pharma Ltd on Tuesday reported a 3 per cent decline in consolidated net profit to Rs 186.54 crore in the fourth quarter ended March 31, 2025, impacted by a decline in revenue in the US market. The company had posted a consolidated net profit of Rs 192.42 crore in the corresponding period of the previous fiscal, Gland Pharma said in a regulatory filing.

👉Hindalco Industries on Tuesday announced its Q4FY25 earnings, reporting a 66% year-on-year (YoY) growth in net profit to Rs 5,283 crore, compared to Rs 3,174 crore in the same period last year. The profit is attributable to the owners of the company.

Disclaimer: This does not construe to be investment advice. Stock market investments are subject to market risks. All information is a point of view and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.

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