Opening Bell: Sensex, Nifty to open higher; SBI, Kotak Bank, DMart, Tata Motors, M&M, Zee Media, Indian Hotels shares in focus

The Indian benchmark indices BSE Sensex and NSE Nifty are set to start the week on a positive note, tracking firm cues from global equity markets and firm trends in GIFT Nifty futures. At 8:00 AM, the GIFT Nifty index was up 111.5 points, or 0.46%, at 24,515, indicating a gap-up opening for domestic equity benchmarks.

This week, the key triggers for Dalal Street will be foreign fund flows, Q4 results, U.S. Federal Reserve’s monetary policy decision, domestic macro data, and developments in India-Pakistan geopolitical tensions. The market will see stock specific reactions as traders will react to company’s quarter earnings performance. Index heavyweight State Bank of India , Kotak Mahindra Bank , Avenue Supermarts , Indian Bank , Marico , PNB Gilts, Archean Chemical Industries, Sanofi Consumer Healthcare India, RR Kabel , City Union Bank , and others released their Q4 results over weekends.

On Friday, domestic bourses ended higher in choppy trade, with the BSE benchmark Sensex holding crucial 80,500 level, and the broader NSE Nifty50 hovering around 24,300 mark. At the close, the BSE Sensex was up 260 points, or 0.32%, at 80,502, and the NSE Nifty50 settled 12.50 points, or 0.05%, higher at 24,347.

On a weekly basis, Indian stock markets extended their bull run for the third consecutive week, driven by trade talk optimism and sustained foreign fund inflows. During the holiday-shortened week ended May 2, the 30-share Sensex gained 1,289 points, or 1.6%, to settle at 80,502 level, and the Nifty50 added 307 points, 1.3%, to close at 24,347 mark. Underperforming benchmark indices, the broader markets ended mixed, with BSE Midcap gaining 0.4% and BSE Smallcap closing lower by 1.3%.

On the global front, Wall Street ended higher on Friday on the back of higher-than-expected jobs numbers and signs of easing trade tensions between U.S and China. The S&P 500 and tech-heavy Nasdaq Composite rose 1.5% each, and the Dow Jones Industrial Average climbed 1.4%. Meanwhile, in Asia-Pacific region, most markets are closed for holidays, including Japan, South Korea, Hong Kong, and China.  

Stocks to watch

Q4 results today: Mahindra & Mahindra, Zee Media Corporation, Indian Hotels Company, Coforge, Jammu & Kashmir Bank, Nureca, Unicommerce Esolutions, Bombay Dyeing & Manufacturing Company, CCL Products, Capri Global Capital, Cigniti Technologies, Ethos, and many others will unveil their quarterly results on May 5.

Stocks to Watch

Tata Motors : The board has auto major has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.

Tata Steel:  State-owned insurer Life Insurance Corporation of India has raised its stake in the steel maker to 7.851% from 5.836% between July 28, 2022, and April 30, 2025.

NTPC : The state-owned company said that its subsidiary, NTPC Renewable Energy, has started commercial operation of the third and final phase of its 60 MW capacity, part of the 150 MW Gujarat Solar PV project.

IRCON International : The PSU company has received a work order worth Rs 458.14 crore from North Eastern Electric Power Corporation.

Adani Ports and Special Economic Zone : The Adani Group company informed exchanges that it handled cargo volume of 37.5 MMT, a 4% YoY growth, in April. This was driven by containers (up 21% YoY), and liquids and gas (up 8% YoY), while its logistics rail volume stood at 57,751 TEUs, up 17% YoY.

AU Small Finance Bank : True North, Indium IV (Mauritius), and Silver Leaf Oak are looking to sell 92.3 lakh shares (1.24% equity) in the private lender via block deals.

Azad Engineering: The company has inked a supply agreement with GE Steam Power GMBH, through its GE Vernova Power business based in Baden, Switzerland, for the manufacture and supply of highly engineered and complex rotating and stationary airfoils.

Shilpa Medicare: The company's biologics subsidiary, Shilpa Biologics, has received European GMP certification for its Dharwad plant in Karnataka for manufacturing test batches, based on a recent inspection.

Concord Biotech: The U.S. Food and Drug Administration has issued Form 483 with four observations for the company's API facility in Dholka.

GOCL Corporation: The company has received its board nod to sell its subsidiary, IDL Explosives, to Apollo Defence Industries for Rs 107 crore.

Indraprastha Gas : The board of the company has approved the appointment of Rajkumar Dubey as Chairman of the company, effective May 1.

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