As Indian markets prepare to open, investors are eyeing a mix of corporate results and global cues. Asian markets have rebounded, potentially setting a positive tone for Indian stocks. Here’s what to watch:
Asian markets have recovered from previous losses, with Japan’s Nikkei 225 rising 9.4% to 34,416.32 and South Korea’s KOSPI gaining 3.51% to reach 2,527.23. US futures are also indicating a positive opening, signaling potential recovery after recent declines.
Stocks to Watch:
Bharti Airtel may see interest after reporting a 2.1% increase in India business mobile revenue for Q1. ONGC could gain as its Q1 results exceeded estimates, with margins improving by 250 basis points quarter-on-quarter.
Biocon might react to news of receiving an Establishment Inspection Report with VAI for its API unit in Andhra. Tata Chemicals could be in focus following a 210 basis point margin improvement and a 30% quarter-on-quarter EBITDA increase.
Deepak Nitrite may attract attention after reporting a 47% rise in EBITDA. RITES signed an MoU with HUDCO for collaboration on consultancy works, which could influence its stock.
V-Mart, Aarti Pharma, Schneider Electric, Triveni Turbine, Motherson Sumi Wiring, and BLS International all reported positive growth in various metrics, potentially impacting their stock performance.
On the downside, Lupin faces scrutiny after receiving a show cause notice from Maharashtra GST authorities seeking ₹672.4 crore in tax and penalties. Marico highlighted significant revenue exposure to Bangladesh, which may affect investor sentiment.
Aurobindo Pharma could see pressure after its Eugia manufacturing unit II in Alwar was classified as OAI by the US FDA. BEML reported below-guidance revenue growth and continued losses, which might impact its stock.
As the market opens, these factors are expected to influence trading patterns, with investors closely watching how these developments translate into stock movements.
