Nifty 50 was trading at 24,995.35 (-24.5, -0.1%) , BSE Sensex was trading at 82,237.68 (-92.9, -0.1%) while the broader Nifty 500 was trading at 22,915.70 (44.8, 0.2%). Market breadth is overwhelmingly positive. Of the 2,433 stocks traded today, 1,656 were on the uptick, and 728 were down.

Nifty 50 opens flat after falling around 14 points in the pre-opening session. On Friday, Indian indices closed lower after opening flat. FIIs bought equity worth Rs 8,831.1 crore, while DIIs also bought equity worth Rs 5,187.1 crore in Indian markets on the same day. 

Nifty Midcap 100 and Nifty Smallcap 100 open higher. Nifty Energy and Nifty Media indices open higher. Investors look ahead to Q4FY25 & FY25 earnings announcements from companies like Power Grid Corp of India, Bharat Electronics, and DLF today.

Major US indices closed higher on Friday. European indices closed in the green, except for Russia’s RTSI, which closed in the red. Asian indices are trading lower or flat, except for Indonesia’s IDX Composite, which is trading higher. Meanwhile, Vistra Corp closed 3% higher after it agreed to acquire seven natural gas plants from Lotus Infrastructure for $1.9 billion.

• Vodafone Idea falls sharply after the government rejects its latest plea for relief on adjusted gross revenue (AGR) dues. The firm had sought over Rs 45,000 crore in relief, following an earlier Rs 36,950 crore support via equity conversion.

• PNC Infratech rises as it receives an arbitration award of Rs 485 crore from the National Highways Authority of India (NHAI). The award relates to a 2019 EPC project for constructing a four-lane Agra Bypass in Uttar Pradesh.

• Hyundai Motor India's Q4FY25 net profit declines 3.7% YoY to Rs 1,614.3 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue grows 0.8% YoY to Rs 18,149.8 crore, driven by improvements in exports. It shows up in a screener of stocks with expensive valuations, according to Trendlyne's valuation score.

• Zen Technologies rises to its 5% upper limit as its net profit surges 1.9X YoY to Rs 101.1 crore in Q4FY25, helped by lower material costs and higher sales. Revenue increases 1.3X YoY to Rs 325 crore during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

• Inox Green Energy Services rises sharply as it signs operation and maintenance (O&M) deals for 285 megawatt peak (MWp) solar projects with two leading renewable energy firms across multiple sites in India.

• HEG rises sharply after Japan's graphite electrode producer Resonac Holdings plans to shut production in China and Malaysia due to margin pressure. HEG exports over 70% of its production to more than 30 countries.

• KEC International is rising as it secures an order worth Rs 1,133 crore from Power Grid Corporation of India (PGCIL) for development of high voltage direct current (HVDC) transmission line.

• RPP Infra Projects rises as it secures a Rs 154.4 crore order from BHEL to supply fabricated boiler structures for the Koderma project in Jharkhand.

• Divi's Laboratories rises sharply as its net profit grows 23.1% YoY to Rs 662 crore in Q4FY25, helped by a forex gain of Rs 10 crore. Revenue increases 12.2% YoY to Rs 2,585 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

• Reliance Power rises as it announces a Rs 2,000 crore joint venture with Bhutan's Druk Holding and Investments (DHI). This partnership aims to develop the largest solar power project in Bhutan, a 500 MW facility. The 50:50 partnership, under a Build-Own-Operate model, marks the largest private sector foreign direct investment in Bhutan’s solar energy sector.

  #JustIn | Reliance Power to jointly develop Bhutan’s largest solar power proj via 50:50 JV with Druk Holding and Investments arm of Royal Government of Bhutan, capital outlay for proj at ?2,000 cr pic.twitter.com/MznaHwg12s

  — CNBC-TV18 (@CNBCTV18Live) May 19, 2025

• Shipping Corp of India's Q4FY25 net profit declines 39.7% YoY to Rs 185.1 crore due to higher employee benefits and depreciation & amortisation expenses. Revenue decreases 7.3% YoY to Rs 1,400.6 crore, caused by reductions in the bulk carrier, tanker, and technical & offshore segments. It appears in a screener of stocks with declining cash flow from operations over the past two years.

• Data Patterns rises sharply as its net profit surges 60.5% YoY to Rs 114.1 crore in Q4FY25 due to higher sales. Revenue increases 1.2X YoY to Rs 396.2 crore, driven by strong order pipeline during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

• Delhivery rises sharply as its reports a net profit of Rs 72.6 crore in Q4FY25 compared to a net loss of Rs 68.5 crore in Q4FY24 due to improvements in freight, handling and servicing costs. Revenue increases 5.6% YoY to Rs 2,191.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

• Kalpataru Projects International's Q4FY25 net profit grows 36.6% YoY to Rs 225.4 crore, helped by lower inventory and finance costs. Revenue rises 18.2% YoY to Rs 7,079.9 crore, driven by improvements in the engineering, procurement & construction (EPC) and development projects segments. It features in a screener of stocks with high trailing twelve-month (TTM) earnings per share (EPS) growth.

• Nifty 50 was trading at 25,046.30 (26.5, 0.1%), BSE Sensex was trading at 82,354.92 (24.3, 0.0%) while the broader Nifty 500 was trading at 22,929.40 (58.5, 0.3%).

• Market breadth is overwhelmingly positive. Of the 2,062 stocks traded today, 1,601 were in the positive territory and 399 were negative.

Riding High:

Largecap and midcap gainers today include Divi's Laboratories Ltd. (6,662.50, 6.1%), Rail Vikas Nigam Ltd. (432.40, 5.6%) and Central Bank of India (38.45, 5.4%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (386.85, -3.4%), PB Fintech Ltd. (1,700.90, -3.2%) and LIC Housing Finance Ltd. (603.70, -2.8%).

Volume Shockers

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Graphite India Ltd. (564, 16.0%), HEG Ltd. (541.50, 10.4%) and Delhivery Ltd. (353.35, 10.1%).

Top high volume losers on BSE were Poly Medicure Ltd. (2,381.30, -1.6%) and Zydus Wellness Ltd. (1,823.10, -0.2%).

Usha Martin Ltd. (333.05, 6.9%) was trading at 8.3 times of weekly average. Bombay Burmah Trading Corporation Ltd. (1,977.80, 3.6%) and UCO Bank (32.30, 4.3%) were trading with volumes 6.4 and 4.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks hit their 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (13,767, 5%), Bharat Electronics Ltd. (364.65, 0.2%) and Divi's Laboratories Ltd. (6,662.50, 6.1%).

38 stocks climbed above their 200 day SMA including Graphite India Ltd. (564, 16.0%) and Delhivery Ltd. (353.35, 10.1%). 3 stocks slipped below their 200 SMA including PB Fintech Ltd. (1,700.90, -3.2%) and LIC Housing Finance Ltd. (603.70, -2.8%).