Latest news with #AjitMishra
The Print
17 hours ago
- Business
- The Print
Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 pts
The 50-share NSE Nifty jumped 122.30 points or 0.49 per cent to 25,090.70. The 50-issue index had slid below the 25,000 mark to settle near a month's low on Friday. Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or 0.54 per cent to settle at 82,200.34. During the day, it surged 516.3 points or 0.63 per cent to 82,274.03. Mumbai, Jul 21 (PTI) Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level on Monday following buying in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings. Firm trend in Asian markets and fresh foreign fund inflows also supported the markets. Among Sensex firms, Eternal surged the most by 5.38 per cent post its first quarter numbers. ICICI Bank jumped 2.76 per cent after the company posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. HDFC Bank climbed 2.19 per cent despite the firm reporting a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. Mahindra & Mahindra, Bharat Electronics, Kotak Mahindra Bank and Tata Motors were also among the gainers. However, India's most valuable company Reliance Industries declined 3.29 per cent even after the firm reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. HCL Tech, Hindustan Unilever, Tata Consultancy Services and ITC were also among the laggards. 'Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The initial reaction to earnings from heavyweights like Reliance, ICICI Bank, and HDFC Bank led to sharp swings, Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The market currently reflects a tug-of-war between bulls and bears, with the focus primarily on earnings for further direction, he added. The BSE midcap gauge climbed 0.55 per cent, while smallcap index ended flat, down 0.01 per cent. Among BSE sectoral indices, capital goods jumped 1.33 per cent, bankex (1.28 per cent), financial services (1.26 per cent), metal (0.98 per cent), commodities (0.73 per cent), auto (0.66 per cent) and consumer discretionary (0.63 per cent). Oil & Gas declined 0.70 per cent, FMCG (0.49 per cent), IT (0.30 per cent), BSE Focused IT (0.27 per cent) and teck (0.13 per cent). In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory. Equity markets were closed in Japan for a holiday. European markets were trading lower. The US markets ended on a mixed note on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 374.74 crore on Friday, according to exchange data. Global oil benchmark Brent crude declined 0.48 per cent to USD 68.93 a barrel. On Friday, the Sensex tanked 501.51 points or 0.61 per cent to settle at 81,757.73. The Nifty dropped 143.05 points or 0.57 per cent to close at 24,968.40. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
a day ago
- Automotive
- Time of India
M&M Hovering Near Record Highs; Accumulate for Short-Term Gains, Advises Religare Broking
'We are seeing a mixed trend in the auto space, and M&M is among the top-performing names at present. Traders can buy the stock for a target of Rs 3650 in the next 2-4 months,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Show more Show less
Mint
a day ago
- Business
- Mint
Q1 results today: Zomato, Ultratech Cement, IDBI Bank, PNB Housing, CRISIL, and Havells earnings on July 21
Q1 results today, on July 21: IDBI Bank, Ultratech Cement, PNB Housing Finance, Eternal (Zomato), CRISIL, and Havells are among at least 20 companies scheduled to release their earnings report on Monday, July 21. Overall, over 95 firms are listed to announce their Q1FY26 results during the week of July 21-27. These include big names such as Infosys, Paytm, Nestle India, Eternal, Dixon Technologies, and IRFC, among others. According to Ajit Mishra – SVP, Research at Religare Broking, with a series of major results lined up, 'All eyes will remain on the ongoing earnings season' Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least xx companies are set to release their Q1 earnings on Monday, July 21. These include many marquee companies such as IDBI Bank, Ultratech Cement, PNB Housing Finance, Eternal (Zomato), CRISIL, and Havells, among others. Firms releasing their earnings today include, Eternal Ltd (Zomato), Andhra Cements Ltd., Bansal Wire Industries Ltd., Choice International Ltd., CIE Automotive India Ltd., Control Print Ltd., CRISIL Ltd., DCM Shriram Ltd., Dhanlaxmi Bank Ltd., Havells India Ltd., IDBI Bank Ltd., Latent View Analytics Ltd., Lynx Machinery & Commercials Ltd., Netripples Software Ltd., Oberoi Realty Ltd., Parag Milk Foods Ltd., PNB Housing Finance Ltd., Purple Finance, and Ultratech Cement among others. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat today on mixed global market cues. The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 25,019 level, a discount of nearly 13 points from the Nifty futures' previous close. On Friday, the domestic equity market ended lower, with the benchmark Nifty 50 slipping below 25,000 level. The Sensex tanked 501.51 points, or 0.61 per cent, to close at 81,757.73, while the Nifty 50 settled 143.05 points, or 0.57 per cent, lower at 24,968.40. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
Indian stock market: 10 things that changed for market over weekend - Gift Nifty, China LPR to Reliance, HDFC Q1 results
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open on a flat note Monday, following mixed cues from global markets. Asian markets traded mixed and MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while the US stock market futures braced for earnings from the first of the tech giants. This week, investors will focus on key stock market triggers, including the developments in US-India trade deal, US tariffs, Q1 results, IPO activity, flow of foreign funds, and other global macroeconomic data. On Friday, the Indian stock market ended sharply lower, weighed down by selling across the board amid dampened risk-appetite. The Sensex slumped 501.51 points, or 0.61%, to close at 81,757.73, while the Nifty 50 settled 143.05 points, or 0.57%, lower at 24,968.40. 'Markets will react to the earnings of the three heavyweights in early trade on Monday, which will likely set the tone for the session. Participants are advised to avoid aggressive directional trades and adopt a hedged approach, with a focus on stock selection based on earnings performance,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed on Monday after the People's Bank of China's interest rate decision. Japanese markets were closed for the Marine Day public holiday. South Korea's Kospi gained 0.35%, while the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 25,027 level, a discount of nearly 5 points from the Nifty futures' previous close, indicating a flat start for the Indian stock market indices. US stock market ended mixed on Friday after reports of US President Donald Trump planning to push steep new tariffs on European Union products. The Dow Jones Industrial Average declined 142.30 points, or 0.32%, to 44,342.19, while the S&P 500 eased 0.57 points, or 0.01%, to 6,296.79. The Nasdaq Composite ended 10.01 points, or 0.05%, higher at 20,895.66. For the week, the S&P 500 rose 0.59%, the Nasdaq rallied 1.5%, and the Dow Jones fell 0.07%. Nvidia share price fell 0.34%, Tesla stock price rallied 3.21%, while Amazon shares gained 1.01% and Netflix stock price fell 5.1%. Charles Schwab stock advanced 2.9%, Regions Financial shares jumped 6.1%, and American Express share price dropped 2.3%. Robinhood Markets and Coinbase Global shares rose 4.1% and 2.2%, respectively. US consumer sentiment improved in July. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index rose to 61.8 this month from a final reading of 60.7 in June. Economists polled by Reuters had forecast the index would increase to 61.5. US inflation expectations continued to decline in July. Consumers' 12-month inflation expectations dropped to 4.4% from 5.0% in June. Long-run inflation expectations fell to 3.6% from 4.0% last month. China kept benchmark lending rates unchanged on Monday. The People's Bank of China held the one-year loan prime rate (LPR) at 3.0%, while the five-year LPR was unchanged at 3.5% Reliance Industries Q1 Results: Reliance Industries reported 78% YoY surge in consolidated net profit for the June quarter at ₹ 26,994 crore. Revenue increased by 6% YoY to ₹ 273,252 crore, while its consolidated EBITDA grew by 35.7% YoY to ₹ 58,024 crore and EBITDA margin jumped by 460 bps YoY to 21.2% in Q1FY26. HDFC Bank Q1 Results: HDFC Bank reported net profit growth of 12.24% YoY at ₹ 18,155.21 crore in Q1FY26, while its net interest income (NII) increased by 5.4% YoY to ₹ 31,439 crore. Core net interest margin (NIM) was at 3.35%. HDFC Bank declared a special interim dividend of ₹ 5 per equity share for FY26, and also announced issuance of bonus shares at a ratio of 1:1. ICICI Bank Q1 Results: ICICI Bank reported 15.5% rise in net profit to ₹ 12,768 crore in 10.6% YoY growth in NII at ₹ 21,635 crore. Gross NPA was flat at 1.67% QoQ, while net NPA at 0.41% versus 0.39% (QoQ). Japan's ruling coalition lost control of the upper house in an election on Sunday. Ishiba's Liberal Democratic Party (LDP) and coalition partner Komeito returned 47 seats, short of the 50 seats it needed to ensure a majority in the 248-seat upper chamber in an election where half the seats were up for grabs, Reuters reported. The dollar index, which measures the US currency against six others, was at 98.352. The euro was steady at $1.163225, while sterling last fetched $1.13417. Japanese yen firmed after Japan's ruling coalition lost its majority in the upper house. Yen firmed to 148.32 per dollar, staying close to the 3-1/2-month low it hit last week. Crude oil prices gained as traders eyed the impact of new European sanctions on Russian oil supply and rising output from Middle East producers. Brent crude futures rose 0.25% to $69.45 a barrel, while US West Texas Intermediate crude gained 0.27% to $67.52 a barrel. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
2 days ago
- Business
- Hans India
Market outlook: Q1 results, PMI data, global cues to drive stock market in upcoming week
Mumbai: The upcoming week is expected to be crucial for Indian stock markets, with a mix of domestic and global factors likely to influence investor sentiment including key Q1 earnings, PMI data, infrastructure output figures, and developments around the India-US trade deal. Between July 21 and 25, several major companies -- including Dr. Reddy's Laboratories, Bajaj Finance, Nestle India, and Cipla -- will announce their financial results for the first quarter (Q1) of FY26. The market will also react to the earnings of heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank. On the macroeconomic front, India will release data on core infrastructure output as well as Manufacturing and Services PMI. These indicators are critical to assessing the overall health of the economy. Globally, any fresh updates on the India-US trade negotiations, fluctuations in crude oil prices, and upcoming inflation and interest rate data from major economies could sway market sentiment. Last week, benchmark indices witnessed volatility. The Sensex dropped 742 points or 0.90 per cent to close at 81,757, while the Nifty slipped 181 points or 0.72 per cent to settle at 24,968. In contrast to large-cap weakness, mid- and small-cap stocks outperformed. The Nifty Midcap 100 gained 462 points or 0.79 per cent to 59,104, while the Nifty Smallcap 100 added 196 points or 1.05 per cent to end at 18,959. Among sectoral indices, Auto, PSU Banks, Pharma, FMCG, Metal, Realty, Media, Energy, and Commodities ended in the green. However, IT, Financial Services, and Private Banks saw declines. Ajit Mishra of Religare Broking said, "Nifty closed below the key psychological mark of 25,000, indicating persistent caution in the market. A break below the immediate support level of 24,900 could open the door to further downside, potentially dragging the index towards the 24,450–24,700 range in the coming sessions."
