#MarketOpeningBell | The benchmark Indian equity indices opened in the positive territory on Tuesday. The #Sensex opened at 82,116.17, higher by 56.75 pts, and the #Nifty50 added 50.75 pts to 24,996.20. Catch LIVE updates here https://t.co/KiWGN8z7th #MarketsWithBS #Markets
#MarketsWithMC | Sensex, Nifty opens marginally higher; Asian Paints, Sun Pharma, HCL Tech top gainers Track #LIVE updates 👇 https://t.co/GK9c8Pjptw #Sensex #Nifty #StockMarket #Stocks https://t.co/EHYvA5I4dD
Sensex climbs 191 points to 82,250.42 in early trade; Nifty up 64.9 points to 25,010.35
Indian equity markets opened marginally higher on Tuesday, May 20, with the Sensex gaining 56.75 points to reach 82,116.17 and the Nifty adding 50.75 points to 24,996.20. The positive start was influenced by favorable global cues, including a rebound in Asian stocks following gains on Wall Street and the S&P 500. Several stocks were in focus due to earnings announcements and corporate developments. Bharat Electronics Ltd (BEL) reported a significant increase in Q4 net profit to Rs 2,127.02 crore, up 18.39% from the previous year, with revenue rising 6.84% to Rs 9,149.49 crore. Power Grid Corporation of India saw a marginal decline in Q4 net profit to Rs 4,143 crore, while its core revenue increased by 2.4% to Rs 12,275 crore. Reliance Power signed a long-term Power Purchase Agreement with Green Digital to develop a 500 MW solar power plant in Bhutan, marking a significant international collaboration. DLF Ltd reported a 39% year-on-year rise in Q4 net profit to Rs 1,282 crore. Waaree Energies announced the acquisition of Kamath Transformers Private Ltd for Rs 293 crore, aiming to expand its footprint in the transformer manufacturing segment. Other stocks to watch included Hindalco Industries, Solar Industries, and Dixon Technologies, all set to release their Q4 results. Rail Vikas Nigam Ltd (RVNL) emerged as the lowest bidder for an IRCON International project worth Rs 178.64 crore, which could boost investor sentiment. The Nifty Metal index was up 1%, led by Hindalco and Tata Steel, while the Nifty Realty index was down 0.65%, dragged by Phoenix Mills and Macrotech Developers. The Nifty IT and Nifty FMCG indices were among the top gainers, while Nifty Healthcare saw a decline. The GIFT Nifty indicated a positive start for Dalal Street, echoing global cues.