Indian Stock Market Outlook for Tuesday, May 7th
Indian equities are expected to open with modest gains on Tuesday, May 7th, following the positive momentum from Wall Street. At 7:25 AM, GIFT Nifty futures were up 36 points compared to Nifty 50 futures, indicating a higher start around 22,585 levels.
Asia-Pacific stock markets continued their upward trend, buoyed by expectations of a potential interest rate cut by the Federal Reserve.
Japan's Nikkei 225 and Topix index were marginally down, while South Korea’s Kospi traded flat, slightly lower by 0.08%.
Wall Street's indices closed higher, reflecting bullish sentiment. Nasdaq surged 1.19%, S&P 500 jumped 1.10%, and the Dow Jones rose nearly 0.50%.
IndiGo: The airline finalized a firm order for 30 wide-body Airbus A350 aircraft.
The company posted a 52% year-on-year surge in its consolidated net profit for Q4FY24.
The company reported an 11% increase in net profit for the quarter ended March 31st.
The company's net profit dipped 36.9% in Q4FY24.
The company reported a consolidated net loss for the March quarter.
This information is for general knowledge and should not be considered as professional financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.