Indian Market To Open Lower Following Weakness In Global Markets, Indicates GIFT Nifty | CNBC TV18

Añadido: 2026-05-20

[00:00:00]How of these are cues shaped up for us this morning? What is the impact that we'll be seeing on our Indian markets?

[00:00:06]Let's bring on board a team of research to set you up for trade, tell you which are the important stocks to watch out for in the trading session as well.

[00:00:11]First up, Vivek, important cues that we are keeping an eye out on. We do have earnings that are still going on, but what are the important levels, events that we should watch out for? Well, that's right, you know, what we're actually seeing is that a very choppy session in the last couple of trading sessions, especially the Nifty hovering around in a very range. We're seeing selling pressure emerge at higher levels yesterday, especially in yesterday's trading session. Now, a quick glance to about how, you know, there has been quite a bit of a sell-off or a risk-off as far as equity markets worldwide are concerned. US Treasury yield has spiked to the highest in 19 years, which led to quite a bit of sell-off across all of the US markets in yesterday's trading session. Oil prices now have now marginally lower, but continue to hover above the $110 a barrel mark when you're talking about Brent. Now, when you're talking about Asian markets, taking cues from the weak overnight cues that we've seen, uh most of the Asian markets have managed to start off in the negative territory, indicating that the Gift Nifty 2 is now down a little over 150 points to start off the session.

[00:01:10]Now, another important trigger that we'll be watching out for, of course, is the Indian rupee. The Indian rupee weakness is something that persists, and we will need to keep an eye out on that as well. Now, in terms of what happened yesterday, market failed to hold on to the opening gains. Sensex and Nifty ended lower amidst significant volatility. The broader markets were relative outperformers, and the key sector that stood out significantly was the Nifty IT pack, up 6% in the last two trading sessions. In terms of what is it we'll be watching out for, results reactions for BPCL, Hindalco's subsidiary Knowles has reported results overnight. Mankind Pharma and PI Industries will react. On the other hand, Apollo Hospitals, Grasim, and Bosch will be reporting their results among a host of other names, including Jubilant FoodWorks. Okay. Thank you so much for that, Vivek, but let's move on and go across to Riya here tell us which are the important stocks to watch out for in the trading session. Good morning, Dia. Well, good morning.

[00:02:00]Starting off with Hindalco first, the adjusted EBITDA is down by around 3% compared to the previous year, and the company for FY27 has said that they expect to return to a free cash flow positive position by the end of the year. For BPCL, the EBITDA has come in ahead of estimates at nearly 10,061 crores versus estimates of uh nearly 7,000 crores, and margins also above estimates at 8 and 1/2% this time around. For Mankind Pharma, we've seen good operational performance in this quarter, and revenue growth has also been in line with estimates of around 11.5%.

[00:02:32]For PI Industries, it has been a weak quarter, below estimates on all fronts.

[00:02:36]EBITDA down nearly 26% versus estimates of a 19% decline. Net profit also taking a hit of 39% versus estimates of just a 23% decline for the quarter. For Hatsun Agro, the net profit has seen an increase of nearly 18% compared to the previous year. Revenue also going up by nearly 15% uh on a year-on-year basis.

[00:02:55]For Aurolab Limited, uh the net profit has come in at 73 crores compared to around 35 crores in the year-ago quarter, and revenue also seeing an increase of around 5% on a year-on-year basis. For Godawari uh power, quite a strong operational performance has been seen this time around. The margins are sitting at around 27.3%, the highest levels in September of 2023. And for ASK Automotive Limited, uh the net profit has gone up by nearly 24% and revenue also seeing an increase of 35% uh percent compared to the previous year.

[00:03:24]For Zee Entertainment, this time around, they have reported a net loss of around around 102 crores versus a net profit of 188.4 crores in uh Q4 of FY25. Revenue has also seen a decline of nearly 7% compared to the previous year. And lastly, also keep an eye out on HCG, as they have announced the launch of the new comprehensive cancer hospital in North Bangalore.

[00:03:45]Okay, thank you so much uh for that, Dia. But, in the final update, let's go across to Sudarshan, who's here to tell us the important cues you should keep an eye out on in the world of FNO. Good morning, Sudarshan. Good morning, Vinny.

[00:03:55]So, yesterday it was a pure expiry day play. We saw through the day market closes sharply off highs. And yesterday we told you that in the current environment it's better to stay away from the market. And we saw what exactly happened yesterday. What about today?

[00:04:08]So, broad range for Nifty remains from 23,400 to 23,900 or say 24,000.

[00:04:15]If you talk about the indicators, all the indicators are indicating towards a sharp down tick. Crude continues to hold the levels around 110. Rupee has hit the record low now crosses the level of 96.50 against dollar. And your 10-year yield remains above 7% and also US 30-year yield yesterday saw a sharp spike. Now, if you talk about the FI flows, again they have turned seller both in the index futures and the stock futures they were sellers yesterday. They have added long positions, but addition was just minimum 316 contacts. But look at the short side, they have added short positions more than 6,000 contacts after reducing for two straight days. So, now longs exposure remains around 12%. On the options front in the options data put side, 23,700 on the put side also on the call side this strike rate was the most active. So, it tells you that in immediate term 23,700 will be the very important level for Nifty to cross comfortably to see any buying returning.

[00:05:11]On the call side 24,000 also was very active. So, support first support for Nifty would be 23,400. Next support comes around 23,300.

[00:05:20]Resistance remains around 23,900. Two stocks remain in the ban, the one sale and gains technology. Some of the stocks that have been seeing fresh longs or fresh holds Zydus Life had come out with the strong set of holdings. Even the commentary for FY27 is strong. Infosys has been seeing fresh longs and Voltas was seeing fresh short covering.

[00:05:37]Okay, Sudarshan. Thank you so much for that, but