Opening Bell: Sensex, Nifty to open higher; Hindalco, Dixon Tech, RVNL, Waaree Energies, BEL, DLF, Power Grid shares in focus

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The BSE Sensex and the NSE Nifty are set to open higher on Tuesday, aided by strong cues from global peers and positive trends in the GIFT Nifty futures.
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HFCL Ltd Fortune 500 India 2024
Dixon Technologies (India) Ltd Fortune 500 India 2024
DLF Ltd Fortune 500 India 2024
Hindalco Industries Ltd Fortune 500 India 2024
Power Grid Corporation of India Ltd Fortune 500 India 2024
Shyam Metalics & Energy Ltd Fortune 500 India 2024
Reliance Power Ltd Fortune 500 India 2024
United Spirits Ltd Fortune 500 India 2024
Waaree Energies Ltd Fortune 500 India 2024
Bharat Electronics Ltd Fortune 500 India 2024
Rail Vikas Nigam Ltd Fortune 500 India 2024
Opening Bell: Sensex, Nifty to open higher; Hindalco, Dixon Tech, RVNL, Waaree Energies, BEL, DLF, Power Grid shares in focus
The BSE Sensex and NSE Nifty are seen opening higher on May 20 Credits: Fortune India
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The Indian share market is seen opening higher on Tuesday, tracking firm cues from global markets and positive trends in GIFT Nifty futures. At 8:05 AM, the GIFT Nifty index was trading higher by 81 points, or 0.33%, at 25,073, indicating a gap-up start for the benchmark indices, the BSE Sensex and the NSE Nifty.

In the Asia-Pacific region, the equity markets saw positive trading for the first time in four sessions, following a firm closing on Wall Street overnight. Hong Kong’s Hang Seng was the best performer in the region, rising nearly 0.9%, while the Nikkei 225 index in Japan rose over 0.5%. China’s Shanghai Composite gained 0.15%, South Korea’s Kospi and Singapore’s Straits Times added 0.2% each. Meanwhile, Australia’a ASX 200 ended higher by 0.6%.

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In overnight trade, U.S. stocks ended higher as investors digested the sovereign credit rating downgrade by Moody’s. The S&P 500 index ended up by 0.09%, while the Nasdaq Composite settled a tad higher by 0.02%. The Dow Jones Industrial Average advanced 0.32%, aided by an 8% rebound in UnitedHealth following recent heavy losses.

On Monday, the 30-share Sensex ended 271.17 points lower at 82,059.42, while the NSE Nifty50 lost 74.35 points to settle at 24,945.45. However, the broader market extended its unbeaten rally for the sixth straight session, with the Nifty Midcap100 and the Nifty Smallcap100 indices ending the day with modest gains of 0.08% and 0.51%, respectively. On the sectoral front, the Nifty Realty was the top performer with a 2.28% gain, followed by the Nifty PSU Bank which added 1.46%.

Stocks to watch:

Q4 results today:  Hindalco Industries , United Spirits , Dixon Technologies , Fortis Healthcare, Zydus Lifesciences, Max Healthcare Institute, NHPC, Solar Industries India, Aster DM Healthcare, EIH, Gland Pharma, JK Tyre & Industries, Laxmi Organic Industries, Talbros Engineering, Torrent Pharmaceuticals, and Whirlpool of India are set to release their quarterly results today.

Rail Vikas Nigam Ltd (RVNL) : The PSU company has emerged as the lowest bidder for an IRCON International project worth ₹178.64 crore.

Waaree Energies : The board of the company has approved the acquisition of Kamath Transformers Private Ltd for ₹293 crore.

Bharat Electronics Ltd (BEL) : The state-owned defence company saw its net profit rising 18.4% YoY to ₹2,127.02 crore, while revenue grew 6.84% to ₹9,149.49 crore.

Power Grid Corporation The company posted net profit of ₹4,143 crore in Q4FY25, marginally up by 0.56% from the year-ago period, while core revenue rose 2.4% YoY to ₹12,275 crore.

DLF The realty major reported a 36.3% YoY rise in net profit at ₹1,282.2 crore for Q4FY25, while revenue from operations climbed 46.5% to ₹3,127.6 crore.

Reliance Power The Anil Ambani group company has signed a long-term power purchase agreement with Green Digital to jointly develop a 500 MW solar project in Bhutan.

HFCL The company has secured a purchase order worth ₹173.72 crore for the supply of telecom networking equipment for the 5G network of a leading domestic telecom service provider.

Shyam Metalics and Energy The company has forayed into the wagon manufacturing segment with a greenfield facility at Kharagpur, West Bengal.

(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.)

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