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The shares of Crompton rose by 6% on Friday after Q4 results. Leading fan and residential pump maker, Crompton Greaves Consumer Electricals Ltd, on Thursday (May 15), reported a 22.5% year-on-year (YoY) surge in net profit at ₹169.5 crore for the fourth quarter ended March 31, 2025, over ₹138.4 crore in Q4FY24.

Market Watch: Prakash Diwan, Market Expert

On real estate space: “If you want to play the real estate market, it’s better to do it through the cement, tiles and fittings rather than directly into real estate. The only company in NCR, which I have always found to be very promising given its portfolio and the way it’s grown in the last two-three years, deleverage itself and whatever is TARC. It’s a small company with an offshoot of the earlier Anant Raj family and you will find real estate being location specific and at times you end up having to look at very small names. So that is the only challenge you have, and of course it comes with its own share of liquidity issues etc., but by and large, nothing very stellar and even Signature Global with its numbers; hopefully it’s good for them that the PE multiple will start looking reasonable because it is so well priced.”

The shares of JSW Infra are in focus after it was reported that JSW Infrastructure promoter group entity Sajjan Jindal Family Trust has launched a block deal worth around ₹1,200 crore. The share price stands at ₹291.40, with a decline of ₹5.65 or 1.90%.

Kaynes Tech shares made major gains on Friday. This came to pass after the company announced its Q4 results. At the time of writing, the stock price stood at ₹6,805.00, after gaining ₹507.50 or 8.06%.

As markets open for the new day’s trade, here are some stocks that you may want to Buy/Sell.

Market Watch: Sudarshan Sukhani, Technical Trends

Buy Alkem Laboratories with a stop loss of ₹5,200

Buy Grasim Industries with a stop loss of ₹2,775

Buy HDFC AMCwith a stop loss of ₹4,600

Buy BELwith a stop loss of ₹342

Market Watch: Sudeep Shah, Head – Technical & Derivatives Research, SBI Securities

Buy MCXfor a target price of ₹6450-6500 with a stop loss of ₹6000

BuyShriram Financefor a target price of ₹710-720 with a stop loss of ₹650

The shares of Bharti Airtel are in focus after the shares worth nearly $1 billion changed hands in a large trade. The floor price of the block deal has been fixed at ₹1,800 per share, which is a discount of 3.6% to Thursday’s closing price for Bharti Airtel.

 #CNBCTV18Market | Market opens flat, #Nifty holds above 25,000 pic.twitter.com/mu2hjwikJN

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

The Indian Rupee opened for the day’s trade, bettering its position compared against the US dollar on Friday.

 #RupeeCheck | Rupee opens at 85.31/$ vs Thursday’s close of 85.55/$ pic.twitter.com/hmNzMwZtOi

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

Out of the 20 analysts who have coverage on PB Fintech, nine of them have a ‘Buy’ rating, three say ‘Hold’, while eight others have a ‘Sell’ recommendation.

Jefferies has maintained a ‘Buy’ rating on PB Fintech with a price target of ₹2,000, which implies a potential upside of 13% from Thursday’s closing levels. As of yesterday’s close, shares of PB Fintech had corrected 22% from their peak of ₹2,254.95.

The fourth quarter earnings season is underway, and as many as five important names like Bharat Heavy Electricals Ltd, Hyundai Motor India, Emami, Delhivery, and ESAF Small Finance Bank will be reporting their earnings for the January to March period on Friday, May 16.

Apart from the above list, companies like Shipping Corporation of India, Texmaco Rail & Engineering, CreditAccess Grameen, Dhampur Sugar Mills, and more are slated to declare their results.

Q4 Live Updates 

After a strong Q4, Bharti Airtel stocks will once again be in focus. This comes as Bharti Airtel Ltd., the telecom service provider, is likely to see a block deal worth over $1 billion on Friday, May 16.

According to the term sheet, accessed by CNBC-TV18, Singtel’s unit Pastel, is likely to sell a 0.8% stake through these block deals.

 #CNBCTV18Market | Here's how the global morning cues are placed this morning ???? pic.twitter.com/yWZ32ZxgyC

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

 #CNBCTV18Market | #MorganStanley‘s underperform call on #LICHsgFin: Target price at ₹435/sh, loan book growth of 7% YoY was in-line. Stock is cheap & could do well in the near-term. Unlikely to sustain given structurally weakening franchise & weak FY26 NIM & PPOP outlook pic.twitter.com/gSLud2x8hh

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

The shares of JSW Infra will be in focus on Friday, as, according to sources, Sajjan Jindal Family Trust is set to sell up to 4.2 crore shares worth ₹1,200 crore at a floor price of ₹288/sh via block deals.

On Thursday, the company’s share ended with a decline of ₹0.90 or 0.30%. The current stock price stands at ₹296.70.

Oil was steady after two days of losses as a potential nuclear deal between the US and Iran risks exacerbating a glut forecast for later this year.

Shares of Mumbai-based private lender IndusInd Bank Ltd. are back in the news and may react during the trading session on Friday, May 16.

In its clarification, sent to the exchanges on Thursday evening, IndusInd Bank said that the bank’s Internal Audit Department (IAD) was conducting a review of the bank’s MFI business to examine certain concerns brought to the bank’s attention.

TRADE SET UP

Mixed session overnight; SPX +0.41%, Nasdaq -0.18%

UST 10y yield lost 10 bps to 4.43%

US data for April had a dovish skew (retail sales, core PPI, initial claims industrial production)

Fed implied rates cemented 2x25bp cuts for 2025

Dollar Index -0.26% to 100.78

Brent Oil down 2.4% to $64.53

Trump claimed “very close” to a nuclear deal with Iran

Iranian representative to ABC said that Iran would be willing to abandon nuclear ambitions in exchange for sanctions relief

Big talking point: Trump asking Apple’s Tim Cook to stop plans to move iPhone output to India

Nifty broke above the high of 24,973

On the way up, resistance level at 25,310 (78.6% retracement)

Nifty support at 24,629 (40-day EMA)

Bank Nifty bounced back from 20-day MA

Bank Nifty resistance at the high of 55,500

Support for Bank Nifty at yesterday’s low of 54,442

GIFT Nifty hints at a positive start to the market today.#CNBCTV18Market | #GIFTNifty higher, trading at a premium of over 100 points from Nifty Futures Thursday close, indicates a gap-up start for the Indian market pic.twitter.com/olf7ABOedA

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

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