Sectoral Performance At Open: Nifty IT Falls The Most 

On NSE, nine sectoral indices were trading lower, four advanced, and two remained flat out of 15. The NSE Nifty IT declined the most, and the NSE Nifty Defence rose the most.

Nifty Detractors: Bharti Airtel, Infosys, & SBI Weigh Most 

Bharti Airtel Ltd., Infosys Ltd., State Bank of India, Reliance Industries Ltd., and Mahindra & Mahindra Ltd. weighed on the Nifty 50 index.

HDFC Bank Ltd., Eicher Motors Ltd., Bajaj Finance Ltd., UltraTech Cement Ltd., and Bharat Electronics Ltd. added to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Fall At Open As Airtel, Infosys Share Prices Drag 

The NSE Nifty 50 and BSE Sensex opened lower Friday as a decline in Bharti Airtel Ltd. and Infosys Ltd. share prices weighed. The Nifty 50 was trading 59.70 points or 0.24% down at 25,002.40, and the Sensex was trading 218.70 points or 0.26% down at 82,312.05.

Stock Market Today: Nifty, Sensex Flat At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.01% higher at 25,064.65, and the BSE Sensex was trading 0.16% down at 82,397.43.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.26%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 28 paise stronger at 85.27 against US Dollar

  • It closed at 85.55 a dollar on Thursday

Source: Bloomberg

HAL, Data Patterns, BEL Are Jefferies’ Top Defence Picks Amid Indigenisation Focus

Defence stocks are having their moment in the limelight, with most seeing a rally in the aftermath of the India-Pakistan ceasefire understanding, following Operation Sindoor. The Nifty India Defence index has seen a rise of nearly 16% since April 22.

Read the full article here.

Stock Market Live: IndusInd Bank Share Price In Focus 

IndusInd Bank Ltd. share price will be in focus in Friday’s session as the private lender reported Thursday a new discrepancy. The discrepancy showed that Rs 674 crore was “incorrectly recorded as interest” over three quarters of fiscal 2025.

The share price settled 0.11% down at Rs 780.50 apiece on Thursday.

Oil Prices Rebound As Traders Clarity Over US-Iran Deal 

Oil future prices rebounded in Asia session from two-day slump as traders got clarity over a potential US and Iran deal on the latter’s nuclear program. The deal will result in new supplies in the market, which will likely exacerbate the global glut, as reported by Bloomberg.

However, oil prices is likely headed for loss in near-term in case supply rises more than demand.

The brent July future was trading 0.25% higher at $64.69 a barrel as of 8:12 a.m.

Asia Market Update: Most Share Indices Fall

Markets in China, Japan, Hong Kong, and South Korea were trading in losses as a rally spurred by positive development in trade talks fizzled out in global equities.

US announced a trade deal with UK two weeks back. Early this week, US and China decided to bring down tariffs imposed on each other.

The Nikkei 225 and CSI 300 were trading 0.54% and 0.74% down, respectively as of 7:46 a.m. The S&P ASX 200 was 0.66% higher.

US Market Update: Most Share Indices Rise At Wall Street 

Most share indices ended higher on Wall Street as US secured deals with gulf states, and soft economic data indicated faster loosening of monetary condition in the US. US Treasury yield softened which also supported equities.

On Thursday, Dow Jones Industrial Average rose 0.65% at 42,322.75. S&P 500 rose 0.41% at 5,916.93. Nasdaq Composite fell 0.18% at 19,112.32.

GIFT Nifty Implies Negative Open; JSW Energy, LT Foods, Godrej Industries Shares In Focus

The GIFT Nifty was trading 0.14% or 36.50 points down at 25,173.50 as of 6:57 a.m., which implied a lower start for the Nifty 50 index.

Abbott India Ltd., JSW Energy Ltd., LT Foods Ltd., Godrej Industries Ltd., JSW Energy Ltd., and Godfrey Phillips Ltd. shares will be in focus because of the fourth quarter results.

The benchmark equity indices closed higher for the second straight day on Thursday as share prices of Reliance Industries Ltd., HDFC Bank Ltd. and ICICI Bank Ltd. led the gains.

The NSE Nifty 50 ended 395.2 points, or 1.6%, higher at 25,062.1, and the BSE Sensex closed 1,200.18 points, or 1.48%, up at 82,530.74.

. Read more on Markets by NDTV Profit.According to market experts 24,900 is likely going to be a key support level for the NSE Nifty 50. Track live updates on Indian stock markets here on May 16.  Read MoreMarkets, Notifications 

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