Indian benchmark indices BSE Sensex and NSE Nifty are set to start the week on a positive note, tracking mixed cues from Asian peers and rise in U.S. stocks futures. The spurt in Wall Street Futures was driven by U.S. President Donald Trump’s decision to extend the imposition of a 50% tariff on the European Union, initially set to take effect on June 1, to July 9 now. The positive trends in Gift Nifty Futures also indicated a gap-up start for Indian share market. At 8:10 AM, GIFT Nifty was trading at around 24,934 points, up 51 points or 0.21%.

On the global front, Asian markets witnessed mixed trend on Monday, with Japan’s Nikkei and China’s Shanghai Composite rising 0.5% and 0.4%, respectively, while Hong Kong’s Hang Seng declined 0.3%. The sentiment was lifted by delay in tariffs on European Union by the U.S. administration, while persistent uncertainty over trade talks between America and China capped upmove.

Last week, the Sensex and the Nifty50 ended marginally lower by 0.7% each as the market experienced heightened volatility due to turbulence in the global bond markets. The fears about the United States’ fiscal woes after sovereign rating downgrade by Moody’s and fresh sell-off by foreign institutional investors (FIIs) dampened market sentiment. On the sectoral front, indices saw mixed reaction, with realty and metal sectors emerging as top performers for the second consecutive week, while consumer durables, auto, IT, and FMCG sectors settled lower. On the thematic front, select stocks in the defense space extended their gaining streak amid strong demand outlooks.

Stocks to watch today

Q4 results: Aurobindo Pharma, Firstcry parent Brainbees Solutions, KEC International, Nazara Technologies, Akums Drugs and Pharmaceuticals, Awfis Space Solutions, Blue Dart Express, General Insurance Corporation of India, Apeejay Surrendra Park Hotels, Shilpa Medicare, and Tracxn Technologies will announce their March quarter earnings today.

Glenmark Pharma: The drug maker reported consolidated revenue of ₹3,256 crore, up 6.3% year-on-year (YoY) from ₹3,063 crore in the same quarter last year.

NTPC: The PSU has posted a 22.6% sequential rise in consolidated net profit for the fourth quarter of FY24 at ₹5,778 crore, while revenue grew 6% to ₹43,903.7 crore.

JSW Steel: The steel major has reported around 14% YoY rise in its consolidated net profit at ₹1,501 crore in the March quarter of FY25.

Union Bank of India: The Reserve Bank of India (RBI) has slapped a fine of ₹63.60 lakh on the PSU lender for non-compliance with regulatory provisions related to depositor fund transfers and agricultural lending norms.

Paras Defence and Space Technologies: The company has entered into a joint venture agreement with Israel-based Heven Drones to form a subsidiary in India focused for the development and production of logistics and cargo drones.

One 97 Communications (Paytm): The Supreme Court has stayed the proceedings of the show cause notice sent by Directorate General of GST Intelligence for a liability of ₹5,712 crore against the company’s subsidiary First Games Technology.

Zydus Lifesciences: The pharma major has got final approval from the United States Food and Drug Administration (USFDA) for Isotretinoin capsules.

NIBE: The company has secured an export order valued at $17.52 million (around ₹150.62 crore) from a Israel-based renowned defence technology company.

Havells India: The cable manufacturing company has announced to increase its annual manufacturing capacity of cables at its Alwar location by an additional 0.25 lakh km, with an investment of ₹340 crore.

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