Opening bell:  Sensex, Nifty poised for a muted start; Torrent Pharma, NTPC, BHEL, HAL, Alembic Pharma shares in focus

Indian equity benchmark indices, the BSE Sensex and NSE Nifty 50, are poised for a muted start on Monday, undermining firm cues from global markets. At 8:30 AM, GIFT Nifty futures were trading 3 points lower at 24,777, indicating a flat start for the Sensex and Nifty. The market participant will keep a close eye on India' industrial and manufacturing production data for May and global developments such as geopolitical tensions and U.S. tariff. Adding to it, domestic factors like monsoon progress, crude oil prices, and FII activity are expected to set the tone for the Indian share market.

Ajit Mishra of Religare Broking recommended investors to maintain a cautious approach until there is more clarity. In the meantime, market participants can consider selectively accumulating stocks that are showing relative strength amid the volatility, with a preference for large-cap and stronger mid-cap names.

Last week, the BSE benchmark Sensex surged 1,650.73 points, or 2%, to end at 84,058.90, and the NSE Nifty climbed 525.4 points, or 2%, to settle at 25,637.80, as ease in geo-political concerns and fall in crude prices boosted sentiments. In the past four sessions, the Sensex added 2,162 points, while the Nifty50 jumped 2.7%.

Asian stocks rise on trade talks optimism

The equity markets in Asia-Pacific region were mostly trading higher in early trade today on hopes of trade negotiations between China and the United States. The positive closing of the U.S. stock market on Friday also boosted sentiments.   

Extending Friday’s rally, Japan’s Nikkei 225 index rallied over 1.5% today, followed by South Korea’s Kospi, which jumped 0.7%. China’s Shanghai Composite was up 0.25%, while Hong Kong’s Hang Seng slide 0.55%. Among others, Singapore’s Straits Times, Indonesia’s Jakarta Composite were trading higher, while Taiwan Weighted index was floating in negative terrain. Meanwhile, Australia’s ASX 200 ended 0.36% higher.

U.S. stocks rally, S&P 500 and Nasdaq hit record high

On Friday, all three major U.S. stocks ended on a solid note, with the S&P 500 and Nasdaq hitting record closing levels.  The sentiment was lifted amid hopes of a U.S.-China trade deal and optimism over interest rate cuts by the Federal Reserve after soft economic data. The Dow Jones Industrial Average surged 1%, the S&P 500 and Nasdaq Composite closed 0.52% higher each.

Stocks to watch today

Torrent Pharmaceuticals , JB Chemicals: Torrent Pharma has signed a deal with global investment firm KKR to acquire a controlling stake in JB Chemicals & Pharmaceuticals.

Piramal Enterprises:  The company has invested ₹700 crore into subsidiary Piramal Finance via a rights issue.

Hindustan Aeronautics (HAL) : The board of the state-owned defence company has recommended a final dividend of ₹15 per equity share for FY25.

Bharat Heavy Electricals (BHEL):  The PSU has received an order worth ₹6,500 crore from Adani Power.

Alembic Pharmaceuticals:  The drug maker has received final approval from the US FDA for its ANDA for Doxorubicin Hydrochloride Liposome Injection.

Waaree Energies:  The company’s overseas subsidiary, Waaree Solar Americas, has secured an order to supply 540 MW of solar modules to a U.S.-based renewable energy firm.

Prestige Estates Projects:  The real estate company has teamed up with Arihant Group to jointly acquire a 3.48-acre parcel in Velachery, Chennai, via their JV, Canopy Living LLP.

Samvardhana Motherson International: The board of the company has approved a ₹2,025 crore non-convertible debenture issuance via private placement.

Jyoti CNC Automation: The non-promoter shareholders are reportedly look to sell around 6% stake in the company via block deals.

Central Bank of India:  The PSU lender has executed a shareholders agreement, trademark license agreement, and distribution agreement following acquisition of a 25.18% stake in Future Generali India Life Insurance Company.

NTPC:  The company subsidiary, NTPC Green Energy, has declared commercial operation for 120 MW (remaining portion of 220 MW unit) at Shajapur Solar Project Unit II, Madhya Pradesh.

NTPC Green Energy: The renewable energy firm has started the commercial operation of the first part capacity of 142.2 MW out of the 300 MW Khavda Solar Energy Project.

GAIL (India):  The PSU plans to acquire 106.75 crore shares of Talcher Fertilizer, a JV between GAIL, Coal India, RCF, and FCIL (Fertilizer Corporation of India), each holding 31.85% while FCIL holds 4.45%, to revive Odisha’s fertilizer unit via coal-gasification-based plant.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)