Indices Open Higher Amid Positive Global Cues; Sensex Up 208 Points At 76,076, Nifty At 23,944

Added: 2026-05-30

[00:00:00]Well, we'll have the first rates come up uh as we kick off things and we'll just sort of look at the nifty the nifty bank etc. Then we'll get to individual uh stocks and the broader markets will come up after that. Uh what do we have the first rates in just a bit from now uh it's going to be uh higher start uh I think about 0.27% 27% higher 0.3% higher and this is more like it right I mean uh in the morning the indicative start was down uh which made no sense because uh we have through the day on Wednesday oil prices fell this morning prices are down another a dollar or so from f Wednesday's uh you know sort of close uh so you're picking up at lower levels from 90 uh you know 9ish levels which is on Wednesday morning to about 93 this uh and uh the market is now reflecting a little bit of that. So 23,950 the nifty bank is down about a quarter 55,000 and the midcap index is down about is up about 200 points 62,770 or so,50 stocks are up and about 650 stocks are lower. The nifty heat map will tell you how the 50 stocks are starting uh and then we'll pick it up from there. First up on the positive side is Vipro as Remo was telling us Vipro on the ADR front was up big time. Infy at Ccls are some of the others which is starting. So it's a positive tech day. Uh and Reliance is up as well. On the other side, Reliance of course is announced their AGM date 19th of June I think is the AGM for RAL.

[00:01:37]Baj Auto is down. OMGC is down a little bit as oil's cooled off. Eternal and Adani ports are some of the others which are starting lower. So, it's a 40 point non-committal kind of a start, but it's positive for what it's worth. 23940 on the index. Rema, >> well, it's it as you said all the way.

[00:01:52]The nifty IT index opens with a gain of 2 and a half%. Whipro leading from the front and now inching towards a 4% gain.

[00:01:59]But the top five uh nifty gainers today are all IT names. You've got Whipro, Infores, uh TCS, HCL Tech, Tech Mahindra. We've also seen a comeback of many of the software names in the [music] US. Numbers have been very strong. guidance has been upbeat and that is providing some confidence in the IT names after [music] being beaten down. So if you strip out the top five gainers which are the IT heavyweights, you've got Reliance Industries below that [music] with a gain of 1%. Uh go lower down the line, you see buying in auto names, Mari, Suzuki, Eminem up and about. L&T is also hopeful that perhaps we're closer to the end of the West Asia crisis. So L&T sees some buying and uh let's just pull up if the decline in crew prices is providing some wings to the Asian PES and Interglobe Aviation.

[00:02:43]Well actually both of them are Asian Paints is now back in the green. I [music] think it had opened slightly lower but flat numbers are later today and the other one is Interglobe uh aviation uh the quarter gone by at least especially March has been a tough one for the entire aviation space. Uh so Interglobe aviation will also be tracked very closely. A quick word on the stocks which are under pressure today. Well, Bajage Auto, OGC, BEL, Bharti, Airtel, ITC, >> [music] >> uh, Coal India. Nigel, that's also down nearly about half a percent.

[00:03:13]>> Well, that's right. Few stocks actually that are calling for special attention.

[00:03:17]HPL Engineering. Pull up that stock.

[00:03:18]They've got an LOA for the Kavach project worth around 1,700 crores. So, that's the bombastic mover of the morning. That's up and about. I think it's up close to around 8%. Let's get that up for you. 6% on rather large volume. The stock on the downside though that's getting smacked is Delta Cop. The Supreme Court they upheld the retrospective levy of 28% GST on online gaming company. So uh you know street is reading that negatively for uh that particular stock. Well Masone do that stock should be in focus. Reports indicate that the finance ministry has cleared a 70,000 cr submarine deal. So for the time being the stock is more or less flattish but we'll keep an eye out on that one if there is you know some meat because this would be the first P75i summary to be delivered to the Navy 7 years after it was signed. So we'll continue to keep an eye out on that one.

[00:04:03]OMGC the stock is lower because screw oil prices have corrected [music] while we'll be over the weekend we'll be getting uh you know the numbers coming in on the auto sales run and the stock in focus is Ola electric as Sudashan has been telling us the Bahan data has been [music] looking up actually and probably on a month-to-month basis that could be an improvement though on a year-over-year basis still you know there's a big missa out there uh other stocks are in focus bank of India that one's down close 3% highlighting it because it's falling on rather large volumes so bank of India is the stock out there but otherwise if you want to look at winners plenty of there coffee [music] you have coffee day up 15% vial is up close to around 15% life we'll have the management joining us during the course of the day that's up 10% and Adita Infoch is up 10% they have upgraded their [music] guidance so that explains why that stock as well is doing quite well let's pull some of these up for you >> work hard work hard is another one that's uh 10% higher today they've received a marketing authorization from the Indian drug regulator for the antibiotic zenic So that's gotten the street excited and on the way down as we were highlighting BDL Bhara Dynamics is clearly under severe pressure 7 and a half% down.

[00:05:11]>> Uh lots of stuff right and uh coming through at this point in time uh and and and you know lots to take stock off as well. uh the Nifty is now settling about 50 odd points uh you know uh higher and uh this is I mean a good outcome after what the gift nifty was indicating for the bulk of the time after 8:00 uh so not bad uh at all the Adani group stocks by the way are flying once again right so Adani total is uh like a rocket ship I think uh 20th of May stock was at about 600 and it's now as we close this month out. So, in about 10 sess, not even 10 days, I think about six odd trading sessions. It's about 850 from 600 odd levels. So, uh there's a fair bit of action which is coming. Oracle Financial I was talking about earlier, it's up about two two and a quarter%.

[00:06:05]You know, Dani Energy Solutions is up about 1 and 3/4. Ather I think there is one brokerage note I I'm inclined to think CLSA maybe, but 2% we'll check 3% higher on Ather uh this morning.

[00:06:18]Persistent is up 2.6. Thermax is up three. Uh so yeah I mean there is there is a lot of action across the board as far as single stocks are concerned.