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Hans India
2 days ago
- Business
- Hans India
Markets on edge as 4th weekly loss sets cautious tone
Mumbai: Factors like the upcoming US Federal Reserve meeting, ongoing corporate earnings, and release of important economic data such as Industrial Production (IIP) and HSBC Manufacturing PMI will play a major role in shaping Indian stock market sentiment next week. On Friday, the markets ended lower for the second straight session, with both benchmark indices -- the Sensex and Nifty -- posting steep losses. The Sensex fell 786 points intra-day to 81,397.69, while the Nifty slipped nearly 1 per cent to touch 24,806.35. The broader market also witnessed selling, with mid-cap and small-cap indices dropping up to 2 per cent. Looking ahead, global developments will also be crucial. The US Federal Reserve will hold its policy meeting on July 29–30. Most traders expect the Fed to keep interest rates unchanged, but any comments on inflation or future policy moves will be closely watched by markets worldwide. On the trade front, the Ministry of External Affairs said India and the US are working on the first phase of a Bilateral Trade Agreement to improve market access and reduce tariff barriers. Back home, earnings from key companies such as IndusInd Bank, Tata Steel, ITC, Sun Pharma, and Maruti Suzuki India are expected next week. Their performance will give investors more clarity on sectoral strength and overall corporate health, as per the experts. As the new month begins, investors will also keep an eye on economic indicators. The Industrial Production (IIP) data and HSBC Manufacturing PMI, both due on August 1, could provide fresh cues on the health of the Indian economy. According to experts, the market is likely to remain volatile next week, with investors watching for cues from global central banks, earnings reports, and domestic economic data. Meanwhile, in the previous week , the benchmarks ended the week lower -- marking the fourth consecutive weekly loss. The Nifty closed at 24,837.00, while the Sensex settled at 81,463.09.
Mint
2 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 and global markets, Q1 results today; Eight stocks to buy or sell on Monday
Stock Market Today: For the week ending 25 July 2025, the benchmark Nifty-50 index, at 24,837.00, ended almost half a percent lower. The Bank Nifty at 56,528.90, however, managed to end marginally higher, and the Healthcare index was another key gainer, though Realty, FMCG, and IT were the key losers. In the broader indices. Among the broader markets, however, the mid-cap and small-cap indices suffered sharper losses of 1.85% to 3.51%. The zone of 24600-24550 will act as immediate support for the Nifty-50 index. Any sustainable move below the level of 24550 will lead to further correction up to the 24200 level. On the upside, the zone of 25100-25150 will be the crucial hurdle for the index, said Sudeep Shah, Vice President and Head of Technical and Derivative Research, SBI Securities. For Bank Nifty 57300-57400 continues to act as a formidable barrier for the bull, as per Shah The start of the new month will bring attention to key economic data, including Industrial Production (IIP), HSBC Manufacturing PMI, and monthly auto sales. The scheduled expiry of the July derivatives contracts may add further volatility to the markets. As the earnings season progresses, results from heavyweights such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, ITC, and others will be tracked for insights on sectoral resilience and corporate performance. Globally, traders will focus on the U.S. Fed's interest rate decision and GDP growth numbers, along with updates on trade negotiations ahead of Trump's August 1 tariff deadline, which could impact FII flows, said Ajit Mishra, SVP, Research, Religare Broking. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Torrent Pharmaceuticals Ltd., Syrma SGS Technology Ltd., National Aluminium Company Ltd., Marico Ltd., Shyam Metalics and Energy Ltd., Laxmi Organic Industries Ltd. and Tourism Finance Corporation of India Ltd. 1. Torrent Pharmaceuticals Ltd- Bagadia recommends buying TORNTPHARM at around ₹ 3605, keeping Stoploss at ₹ 3480 for a target price of ₹ 3880 TORNTPHARM is exhibiting strong bullish momentum, currently trading at an all-time high of 3613.9 levels. TORNTPHARM surged nearly 2.4%, indicating firm buying interest throughout the session. TORNTPHARM has convincingly broken past a multi-month consolidation zone, decisively crossing its resistance zone around ₹ 3555. The price action indicates strength, with candles exhibiting a strong bullish body and minimal upper wick—suggesting buyers remained in control throughout the day. 2. Syrma SGS Technology Ltd-Bagadia recommends buying SYRMA at around ₹ 728.15, keeping stop-loss at ₹ 700 for target price of ₹ 785 SYRMA, currently trading at 728.15, continued its stellar upward journey. This rally marks a decisive breakout above the previous resistance zone, with a sharp bullish candle and strong volume backing the move. Notably, the 20 EMA is sharply rising, and the distance between it and the other moving averages is increasing—indicating strong momentum and price expansion. This kind of EMA alignment, where shorter-term EMAs are significantly above longer-term EMAs, 3. National Aluminium Company Ltd—Dongre recommends buying Nationalum at ₹ 194, keeping Stop Loss at around ₹ 185 for a target price of ₹ 205 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 194 and has established a solid support base at ₹ 185. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 205 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price with a stop-loss placed at ₹ 185 offers a strategic opportunity to capture the expected upside move. The outlook remains positive as long as the stock holds above its key support zone 4. DLF Ltd-Dongre recommends buying DLF at around ₹ 826 with a stop loss at ₹ 810 for a target ₹ 865 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 826 and maintaining strong support at ₹ 810. The technical setup indicates the potential for a price retracement towards the ₹ 865 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 810 offers a prudent approach to capturing the anticipated upside. 5. Marico Ltd—Dongre recommends buying MARICO at around ₹ 695, with a stop loss ₹ 710 and a target price ₹ 735 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 695 and maintaining strong support at ₹ 685. The technical setup indicates the potential for a price retracement towards the ₹ 720 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 685 offers a prudent approach to capturing the anticipated upside. 6. Shyam Metalics and Energy Ltd.- Koothupalakkal Buy SHYAM METALLIC for ₹ 969, with a target price of ₹ 1030, keeping the stop loss at around ₹ 950 The stock has surged ahead, indicating a breakout above the major resistance zone at the ₹ 952 level, with the trend gaining strength, and we can anticipate a further rise in the coming days. The volume of participation has been on the rise with the RSI gaining strength and has further upside potential to carry on with the positive move. With the chart technically looking good, we suggest buying the stock for an upside l. 7. Laxmi Organic Industries Ltd- Koothupalakkal Buy LAXMI ORGANICS at ₹ 205.70. Target for 217 Stop loss: 200 The stock has recently picked up from the 50EMA zone at the ₹ 196 level to indicate a breakout above the triangular pattern on the daily chart to improve the bias, and we expect a continuation of the positive move further ahead in the coming sessions. The RSI has been moving within a range for quite some time, currently indicating a positive trend reversal to signal a buy. With the chart technically looking attractive, we suggest buying the stock. 8. Tourism Finance Corporation of India Ltd.-Koothupalakkal recommends TOURISM FINANCE at around ₹ 291.50 for a target price of ₹ 310 for stop loss at ₹ 285 The stock has witnessed a strong run up in the last 4 months and recently, after a short period of correction, has once again gained strength, taking support near the ₹ 275 level, and with a positive bullish candle formation, has improved the bias, anticipating a further rise in the coming sessions. The RSI has indicated strength to gain further, and with the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
3 days ago
- Business
- Business Standard
Q1 earnings, US Fed decision to drive market sentiments this week: Analysts
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said. Markets would also keep a track on developments related to the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. "The start of the new month will bring attention to key economic data, including Industrial Production (IIP) and HSBC Manufacturing PMI on August 1. Additionally, monthly auto sales figures will be closely monitored. The scheduled expiry of the July derivatives contracts may add further volatility to the markets," Ajit Mishra SVP, Research, Religare Broking Ltd, said. As the earnings season progresses, results from heavyweights such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, ITC, and others will be tracked for insights on sectoral resilience and corporate performance, he said. Globally, traders will focus on the US Fed's interest rate decision and GDP growth numbers, along with updates on trade negotiations ahead of Trump's August 1 tariff deadline, which could impact FII flows, Mishra added. Movement of rupee against the dollar and crude oil prices will also be monitored by investors. "Looking ahead, all eyes are now on the upcoming Q1 earnings reports from several key companies. Major names like Bharat Electronics Ltd, IndusInd Bank, Asian Paints, Tata Steel, Mahindra & Mahindra, Coal India, Hindustan Unilever, Maruti Suzuki and ITC are set to announce their results this week. Their performance will be crucial in determining whether markets can find support or continue to trend lower in the near term," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Investors will closely monitor foreign fund flows, and any meaningful development on the IndiaUS trade front for further direction, he added. Last week, the BSE benchmark gauge declined 294.64 points or 0.36 per cent, and the Nifty dipped 131.4 points or 0.52 per cent. "The Indian stock market continued its downward trajectory for the fourth consecutive week, marking the longest losing streak for the Nifty since October 2024. Investor sentiment remained weak, primarily due to the absence of strong domestic triggers, tepid corporate earnings for the June quarter, and persistent selling by foreign institutional investors (FIIs)," Gour said. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, we expect markets to remain in consolidation mode amid continued uncertainty around India-US trade deal, a mixed Q1 FY26 earnings season so far and intensifying FII outflows.
Hans India
3 days ago
- Business
- Hans India
Fed meet, Q1 earnings, economic data to drive stock markets next week
Mumbai: Factors like the upcoming US Federal Reserve meeting, ongoing corporate earnings, and release of important economic data such as Industrial Production (IIP) and HSBC Manufacturing PMI will play a major role in shaping Indian stock market sentiment next week. On Friday, the markets ended lower for the second straight session, with both benchmark indices -- the Sensex and Nifty -- posting steep losses. The Sensex fell 786 points intra-day to 81,397.69, while the Nifty slipped nearly 1 per cent to touch 24,806.35. The broader market also witnessed selling, with mid-cap and small-cap indices dropping up to 2 per cent. Looking ahead, global developments will also be crucial. The US Federal Reserve will hold its policy meeting on July 29–30. Most traders expect the Fed to keep interest rates unchanged, but any comments on inflation or future policy moves will be closely watched by markets worldwide. On the trade front, the Ministry of External Affairs said India and the US are working on the first phase of a Bilateral Trade Agreement to improve market access and reduce tariff barriers. Back home, earnings from key companies such as IndusInd Bank, Tata Steel, ITC, Sun Pharma, and Maruti Suzuki India are expected next week. Their performance will give investors more clarity on sectoral strength and overall corporate health, as per the experts. As the new month begins, investors will also keep an eye on economic indicators. The Industrial Production (IIP) data and HSBC Manufacturing PMI, both due on August 1, could provide fresh cues on the health of the Indian economy. According to experts, the market is likely to remain volatile next week, with investors watching for cues from global central banks, earnings reports, and domestic economic data. Meanwhile, in the previous week , the benchmarks ended the week lower -- marking the fourth consecutive weekly loss. The Nifty closed at 24,837.00, while the Sensex settled at 81,463.09.
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Business Standard
03-06-2025
- Business
- Business Standard
Rupee opens lower at 85.39/$ as high crude prices offset weak dollar
The Indian Rupee opened weaker on Tuesday as rising crude oil prices weighed on the currency amid a weak dollar. The domestic currency opened 13 paise lower at 85.39 against the greenback, after closing at 85.52 on Monday, according to Bloomberg. The weakness in the currency came after the unit snapped a four-day losing streak. The Indian rupee, which strengthened to 85.38 on Monday, is expected to open lower and trade within a range of 85.25–85.75, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. "With the dollar index weakening and Asian currencies gaining, a move towards 85.00 is likely in the near term." Foreign portfolio investors' outflows combined with firmer crude oil prices prevented a stronger rally on Monday, Amit Pabari, managing director at CR Forex Advisors, said. Global funds sold equity worth ₹2,589.47 crore while the crude oil prices rose over 3 per cent. India's HSBC Manufacturing PMI fell to a 3-month low of 57.6 due to rising prices and weak exports, Pabari noted. However, fourth quarter GDP grew 7.4 per cent, driven by strong consumption and a surge in construction and manufacturing, he said. "Technically, the rupee is likely to trade in a range with 85.90-86.00 acting as a strong resistance, while 85.00-85.20 will act as a support." The dollar index fell to its lowest since 2023 after the Manufacturing Imports Index and Manufacturing PMI slipped in the US. The Trump administration's renewed protectionist stance, unpredictable tariff threats, and tax policies have rattled institutional investors, causing a broad-based selloff in US equities and debt, experts said. The dollar index, which measures the greenback against a basket of six major currencies, was up 0.17 per cent at 98.87. The index is likely to remain under pressure, facing strong resistance near the 99.80–100.00 zone and gradually declining toward 98, followed by 97.50, according to Pabari. On the trade tariffs front, Beijing has yet to confirm whether Xi Jinping will participate in a call that the White House is hinting at for this week, according to reports. This comes after the two countries accused each other of violating a trade agreement reached last month. In commodities, crude oil prices extended Monday's 3 per cent gains after the Opec+ agreed to increase production in July. Brent crude price was up 0.59 per cent to $65.01 per barrel, while WTI crude prices were 0.72 per cent higher at 62.97, as of 9:03 AM IST.
