Opening Bell: Gap-down opening seen for Sensex, Nifty; IndiGo, Nazara Tech, Lupin, TCS, Aurobindo Pharma shares in focus

The Indian share market is expected to open lower on Tuesday, mirroring subdued trade in Asian peers and a muted trend in the GIFT Nifty futures. At 8:20 AM, the GIFT Nifty index was down 27 points, or 0.11%, at 25,022, indicating a gap-down opening for the domestic benchmark indices, the BSE Sensex and the NSE Nifty.

On the global front, Wall Street remained closed on Monday on account of Memorial Day. In the Asian markets, all major markets, barring Hong Kong, were in red in the absence of any major trigger and persistent uncertainty about U.S.-China trade talks. Japan’s Nikkei and China’s Shanghai Composite dropped 0.25% and 0.15%, respectively, while Hong Kong’s Hang Seng was up 0.1%.

Back home, the benchmark indices rose 0.6% each on Monday as sentiment was lifted by the President Donald Trump-led U.S. administration’s decision to consider extending the deadline for imposing aggressive tariffs on the European Union, as well as a fall in the dollar index. The 30-share Sensex closed higher by 455 points, or 0.56%, at 82,176, while the Nifty50 closed higher by 148 points, or 0.6%, at 25,001. Similarly, in the broader markets, the Nifty Midcap100 and the Nifty Smallcap100 indices advanced 0.67% and 0.37%, respectively. Among sectors, all indices on the NSE ended in positive terrain, led by Nifty Auto, IT and FMCG indices, which rose 1% each.

Stocks to watch

Interglobe Aviation (IndiGo) : Promoter Rakesh Gangwal is likely to offload about 3.4% stake in India’s largest airline for ₹6,831 crore via block deals. The floor price for the transaction haa been set at ₹5,175 per share.

Nazara Technologies: The gaming company reported a consolidated net profit of ₹4.07 crore for the fourth quarter of FY25 (Q4FY25), growing from ₹18 lakh in Q4FY24.

Aurobindo Pharma : The drug maker’s consolidated profit after tax dropped marginally to ₹903 crore in the quarter ended March 31, 2025, compared to ₹907 crore in the corresponding period last year.

MCX: The Securities and Exchange Board of India (Sebi) has levied a fine of ₹2.5 million (approximately $29,383) on the commodities exchange for providing inaccurate information regarding its trading software contract.

Blue Dart Express : The logistics company posted a 29% year-on-year (YoY) fall in its net profit to ₹55.15 crore for Q4FY25, versus ₹77.78 crore profit in the year-ago period.

Gillette India : The net profit of the company jumped 60% to ₹159 crore in Q4FY25, compared to ₹99 crore in the corresponding quarter of the previous financial year.

Lupin : The drug maker has inked a licence and supply agreement with Costa Rica-based SteinCares for the commercialisation of its biosimilar ranibizumab (used to treat eye conditions) in Latin America, excluding Mexico and Argentina.

TCS:  The country’s largest software exporter has reorganised its AI.Cloud division into two distinct business units as the company aims for higher growth in the artificial intelligence cloud business.

PG Electroplast : The company’s promoter group is looking to sell a 5.6% stake via block deals for ₹1,177 crore at an offer price of ₹740 per share.

Sagility India: The Promoter of the company is likely to divest 7.39% stake in the company via an offer for sale at a floor price ₹38 per share.

Yatharth Hospitals: The Noida-based multi-speciality hospital chain operator has posted PAT at ₹38.70 crore, up 1% YoY and 27% sequentially.

Technical outlook

Technically, the Nifty appears to have regained its momentum, decisively breaking out from its consolidation zone of 24,500-25,000, said Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities. “Immediate resistance is now seen at 25,207, a level derived from the 76.4% Fibonacci retracement of the entire fall from 26,277 to 21,743. On the downside, 24,800 could offer immediate support for the Nifty.”

Shrikant Chouhan, Head-Equity Research, Kotak Securities, said 24,870 and 81,900 would act as a key support zone for the Nifty and the Sensex, respectively. Above this level, bullish sentiment is likely to continue. “On the higher side, 25,150–25,250/82,500-82,800 would act as key resistance areas for traders. However, below 24,870/81,900, the market is likely to retest the levels of 24,740–24,700/81,600-81,500,” he said.

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