D-Street Likely To Open On A Weak Note Today Amid Reports Of Iran-US 60-Day Ceasefire Extension

Added: 2026-05-30

[00:00:08]Welcome back and let's set you up for today's trading session and I'll tell you more about the cues that you need to watch out for, the stocks that should be on your radar today and of course the setup on the F&O side of things as well.

[00:00:19]And you know, as of now the gift Nifty is indicating a gap down for our own markets. We are coming back after a trading holiday, so we had a two days of cues that we need to digest from the global markets which have been fairly positive across both the trading sessions. And the other positive is the fact that oil prices are still down. Uh but despite that of course the gift Nifty is showing what it is. Rent is now below 93, so which means it's turning out to be the worst month that oil prices would have had since 2020. Uh the bulls will have to take that into account, but of course everything with regards to the US-Iran negotiations still remains report based. There is nothing official that is still on the table. There is no official announcement that has been made. Of course as and when that announcement is made the market will react to that, but there is nothing that needs to be that is not on the table yet. The other part is the fact that as earning season has come to an end the block deals have returned and there are plenty of them that happened earlier in the week and there are some that are in the offing in today's session as well. So keep that on your radar. Uh for the index there is no significant change especially because of the fact that the market did very little on Wednesday. 23,800 on the downside for on a closing basis, that remains to be the most important level. If that happens we close above 23,800 well that could be viewed as a positive. On the upside though 24,000 still continues to remain a struggle and above that in case we do cross that mark today and then of course Tuesday's high of 24,088 is the first level to watch on the upside. For the Nifty Bank uh well the setup remains the same as well. A close above the 55,000 mark will be viewed positively. That is the level that the bulls would want to defend. It closed below that on Wednesday. And on the downside support emerges around that 54,700 54,500 zone and that's what happened on Wednesday as well. It took support at that 54,750 zone and then reversed slightly from those levels as well. For to end in the green for the week, the index the Nifty has to close above 23,719, the Nifty Bank has to close above 54,055. So most likely we do end the week positively.

[00:02:16]How much? Well, that remains to be seen.

[00:02:18]Of course, there are three stocks that I'll be watching out for today. One is Reliance Industries, their annual report was released during over the last two days. So that Keep an eye out on PG Electroplast. The guidance missed for FY26, we'll hear from the management as well during the day. So keep that on your radar and of course as I spoke of the block deal, PB Fintech is that stock to watch out for. So there are plenty of stock specific reactions. It's the last day of the earning season this time around as well. So there are plenty of numbers that will be reported during the course of the day, but for now the gift Nifty is indicating a gap down. The bulls would hope that this reverses as we go into market open and during the course of the day as well. Over to Upasana now who would be telling you the stocks that you should be watching out for today. Upasana, good morning.

[00:02:59]>> Good morning, Armaan. Well, certainly the last day of the earning season and let me start with Ashok Leyland.

[00:03:04]Earnings were actually in line to a slight beat. Uh revenues up 19%. This is aided by the strong volumes given by the company. EBITDA margin also stands at 14.6% which is at a three-quarter high.

[00:03:15]Next up is Bharat Dynamics. It's been a weak quarter and on full year basis also the performance has been quite weak because of the weak execution this time around. The revenue is down 73%. EBITDA margins has also has taken a hit of 537 basis points at 16.8%.

[00:03:33]Next up is Deepak Fertilizer. Net profit is down 50%. Revenue is up 13% and margins have also contracted from 18% to 12% on year-on-year basis. Next up is PG Electroplast. Certainly the stock of the day. It's been a weak and a challenging quarter for the company. Revenues largely in line, but it's a miss in terms of margins and PAT. The company has also missed its FY26 revenue and PAT guidance. Weakness is dragged by the company's RAC segment. Now, net profit is down 55%, revenue is down 10%, and margins have also taken a hit from 11% down to 7% on year-on-year basis. Next up is Finolex Cables. The numbers are better than what the street was estimating. The strong growth is driven by company's electrical cable segment, which is why the revenue growth has come in strong double-digit at 22%. EBITDA margins is down 140 bips, and PAT is up nearly about 17%. Next up is Physics Wallah. Net loss has been narrowed down by 76% and the revenue growth for Q4 stands at 51% on year-on-year basis, and sequentially, it stands at 15% down.

[00:04:41]>> Upasana, thank you for those updates there. Plenty of stocks that will be on your radar today. And lastly, Sudarshan joins in with cues from the F&O space.

[00:04:49]Well, Sudarshan, good morning. The Gift Nifty is indicating a gap down, but is the F&O data indicating something similar?

[00:04:55]>> So, two days of action, market will be reacting. And if you just exclude FIs actions, everything else is not looking bad. So, for FIs, just I can say one line. Are bhaiyya, maan bhi jao, aisa kya nirasha hai? But anyhow, look at all the indicators. Look at the crude. It's sharply off highs. Now, Brent is trading in the around $95 per barrel. Rupees holding on to the levels below 96. And also, one more thing, India VIX now is at three-month lows and continues to hold the levels around 15. So, everything else is looking positive, but due to FIs actions, market is expected to range-bound because major actions we are seeing from 23,900 to 24,000. And as you told about Nifty Bank, if it closes above 55,000, it would be taken positively. And on Friday, on Wednesday, despite we closing in the red, Nifty Bank managed to hold on to the levels above 20 and 50 DMAs that can be taken positively. But talking about FI's action again in the index futures, they have sold in the stock futures, they have sold longs minor addition of 600.

[00:05:58]On the short side, they have added more than 10,000 contacts after reducing consecutively for last few days. And this is a sharp addition. Now in the options data, put side 23,900 and 23,600 were the most active ones. On the call side, 24,500 and 24,000 were the most active. So it tells you that if Nifty manages to close comfortably above 24,000, then the door for 24,500 opens.

[00:06:22]So support first support 23,860, next 23,680, and resistance should be 24,000 and 24,500. Some of the stock that will be in focus, PPAP Electroplast, it was a weak set of earnings for Q4. Wipro ADR was up 18% the stock will be tracked very closely. And last one, MCX, that stock has been seeing fresh shorts after big up move that stock had seen over the last few months.

[00:06:45]>> There's a downgrade that has come in from UBS as well for MCX. And of course, keep an eye out on Wipro. ADRs were up 18%. Sudarshan, thank you for that. And a very pertinent line that you highlighted. Man That's something that we'll be talking about as well. So thank you so much for that update. There were over the