Today is a crucial day for the stock market. After the downturn on May 13th, investors anticipate a recovery on May 14th. Global indicators, inflation data, and quarterly results of companies will determine the market's trajectory. Let's delve into the complete report.
Stocks to watch Today: Yesterday, May 13th, witnessed a sharp decline in the Indian stock market.
- The Sensex plummeted by 1,281 points, closing at 81,148.
- The Nifty slipped by 346 points, settling at 24,578.
However, May 14th might begin on a slightly positive note. The GIFT Nifty futures have shown a surge of 90 points and are trading near 24,730. This suggests that the market may open in the green today.
Key Factors Determining Market Movement
- The market's direction today will depend on several crucial data points and events.
- Firstly, attention will be on India and the US's April inflation figures (CPI Data). These figures can directly impact interest rates.
- Furthermore, India's Wholesale Price Index (WPI) inflation data will also be released today.
- Simultaneously, the January-March quarterly results of companies will also influence the market.
- Global markets, FII investments, and signals from US-China trade talks will also shape the market's movement.
Mixed Signals from Global Markets
- Global markets displayed a mixed trend.
- Japan's Nikkei, after an initial rise, fell by 0.10%.
- South Korea's Kospi rose by 0.55%, while Australia's ASX 200 remained almost flat.
- In the US, the Nasdaq showed a sharp increase of 1.61%, closing at 19,010.
- The S&P 500 saw a 0.72% rise, while the Dow Jones closed with a slight decline.
Stocks Under Close Scrutiny Today
Results of several major companies are due today, which will be closely watched by investors. These include:
- Hindustan Aeronautics (HAL)
- Eicher Motors
- Tata Power
- Shree Cements
- Lupin
- Muthoot Finance
- Torrent Power
- Hitachi Energy India
- Berger Paints India
- Jubilant Foodworks
- Apollo Tyres
- Piramal Pharma
- Brigade Enterprises
In addition, results from mid-cap and small-cap companies such as Blue Jet Healthcare, eClerx Services, KPI Green Energy, Westlife Foodworld, and Graphite India will also be significant.
Yesterday's Results Remain in Focus
- Companies that announced their results yesterday will continue to be discussed today.
- Tata Motors' profit fell by 51% to ₹8,556 crore.
- Conversely, Bharti Airtel reported a remarkable 432% increase in profit, reaching ₹11,022 crore.
The results of companies like Max Financial, GSK Pharma, Aditya Birla Capital, Siemens, Honeywell Automation, Metropolis Healthcare, VIP Industries, ITD Cementation, and Garden Reach Shipbuilders could also impact the market. Garden Reach Shipbuilders surprised everyone with a 119% increase in profit. Meanwhile, companies like Siemens and Honeywell saw a decline in profits.
