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Mint
24-07-2025
- Business
- Mint
Best mid-cap stocks to buy today, 24 July, recommended by NeoTrader's Raja Venkatraman
All eyes will be on reaction to the Q1 earnings from Infosys, Dr. Reddy's Labs and Tata Consumer Products, with stock-specific swings set to steal the spotlight. Traders will juggle momentum-driven gains and selective profit-taking as they position ahead of key macro data later this week. Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Thursday, 24 July: Southern Petrochemicals Industries Corp. Ltd: Buy CMP and dips to ₹85 | Stop ₹82 | Target ₹98-102 Olectra Greentech Ltd: Buy CMP and dips to ₹1,280 | Stop ₹1,265 | Target ₹1,450-1,480 Mahindra Holidays and Resorts India Ltd: Buy CMP and dips to ₹352 | Stop ₹345 | Target ₹400-420 Market update Wednesday saw robust gains on India's equity markets, fuelled by positive cues from Asia after a landmark US-Japan trade agreement. By 1:23pm IST, the BSE Sensex climbed 321 points to 82,508, while the NSE Nifty added 95 points, reaching 25,156. Japanese equities led regional advances, and the MSCI Asia-Pacific Index (ex-Japan) rose 0.7%. US treasury secretary Scott Bessent's announcement that American and Chinese officials will meet in Stockholm next week to discuss extending the 12 August trade-talk deadline further lifted sentiment. The prospect of easing global trade frictions has mitigated macroeconomic uncertainty, supporting risk appetite. Despite these gains, expectations for an interim India-US trade deal remain subdued, as tariff disputes on key agricultural products persist. Domestically, attention is turning to first-quarter corporate earnings, with Infosys, Dr. Reddy's Laboratories, and Tata Consumer Products poised to deliver results that could drive stock-specific volatility through the remainder of the week. Outlook for trading Volatility was the key feature of the market throughout this week, and the market was whipped around quite a bit as global trends were the main drivers of the sentiment. There really wasn't much by way of local news flow to contain the volatility induced. The moves were also reasonably large, creating sufficient moves to bring people in—only to get knocked out the following day! Trading, therefore, was quite difficult through the week, and it would have been a wonder if one came out largely unscathed in the week. The rally after a strong decline in the middle of the week does restore some confidence, but the swift recovery from lower levels is signalling that the highs will once again be challenged. The attempts continue to emerge as the market tries to carve out a bullish possibility. As we head into the last trading day of the week, we could experience some profit booking as we are not nearing an important inflexion zone. However, the trends are still circumspect, and we are witnessing limited market participation. The Nifty now seeks to contest the resistance around the 25,300 mark, while the Nifty Bank aims to clear 57,500 to clear the air of uncertainty. Volatility is now part of the ever-changing market scenario as the sentiment keeps changing. Risk management is critical, as the lack of clarity is greater than ever. The Nifty is showing a resolve now to move higher as it has once again closed above 25,200, which acts as a big hurdle and is also the Max Pain point. An interesting point to note is that the bullish revival is seen as the PCR has stepped above 1. With the Open Interest data clearly indicating a revival, one should keep tracking a 30-minute range breakout on Thursday, as it continues to be an important metric for creating some longs. As indices are not showing much decline, one should look to encash some stock-specific action. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: SPIC (Cmp 88.36) Why it's recommended: India's fertilizer companies are performing well. The company has shown good profit growth of 19.24% over the past three years and 47.5% CAGR over the last five years. This counter has simultaneously been showing some improvement after the strong decline into cloud support and generated a buy opportunity yesterday. After a push above the clouds, we can see that the stock is set for a turnaround. Go long. Key metrics: P/E: 13.78 | 52-week high: ₹96.50 | Volume: 1.64M. Technical analysis: Support at ₹80, resistance at ₹110. Risk factors: Delays in government subsidy receipts and market collections. Disruptions to interactions with farmers. Buy at: CMP and dips to ₹85. Target price: ₹98-102 in 1 month. Stop loss: ₹82. OLECTRA (Cmp 1327.30) Why it's recommended: OLECTRA has shown a V-shaped recovery, indicating that the trends in this counter look strong for some positive traction ahead. The prices have been moving in oscillation, forming a V-shaped recovery, and the recent move out of the consolidation augurs well for the prices. You can look to go long. Key metrics: P/E: 78.08 | 52-week high: ₹1,786.65 | Volume: 1.75M. Technical analysis: Support at ₹1,170, resistance at ₹1,600. Risk factors: Order cancellations and delays, and debt servicing capacity due to increased borrowings. Buy at: CMP and dips to ₹1280. Target price: ₹1,450-1,480 in 1 month. Stop loss: ₹1,265. MHRIL (Cmp 367.25) Why it's recommended: The counter has been undergoing some consolidation and has formed a rounding pattern after facing intense selling pressure for more than eight weeks. The prices hit a consolidation zone at cloud support, indicating that a positive turnaround is emerging. After the recent test of the TS & KS Bands, with a strong closing on Wednesday post results, we can look at some positive vibes emerging. Key metrics: P/E: 36.96 | 52-week high: ₹494.95 | Volume: 1.32M. Technical analysis: Support at ₹330, resistance at ₹450. Risk factors: Supplier retention and potential customer preferences, regulatory challenges. Buy at: CMP and dips to ₹352. Target price: ₹400-420 in 1 month. Stop loss: ₹345. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
International Business Times
22-07-2025
- Business
- International Business Times
Caution Grips on Asian Markets as Tariff Deadline and Earnings Wave Approach
Asian share markets dipped on Tuesday, following a second straight day of gains on Wall Street. The MSCI Asia-Pacific Index (excluding Japan) hit its highest since October 2021 before falling 0.4%. Even with the pullback, the index is up about 16% in 2025, registering robust regional gains. x Shares in Japan also faltered upon their return from a Monday holiday. The Nikkei and Topix opened in positive territory but turned negative by afternoon as election results suggested that Prime Minister Shigeru Ishiba's coalition had lost control of the upper house. Nonetheless, Ishiba said he would not step down. European futures, meanwhile, indicated that markets were set for a softer opening, with EUROSTOXX 50 and DAX futures slipping 0.5% and FTSE futures down 0.3% ahead of earnings from SAP and UniCredit. Trade Negotiations and the Yen in the Spotlight Investors are focusing on U.S. trade talks with not just Japan but also the EU as the August 1 U.S. deadline to impose auto tariffs approaches. Negotiations seem tense, and the European Union is making plans for broader countermeasures if no deal is struck. The yen rose 1% on Monday before trading roughly flat on Tuesday and was last at 147.73 per dollar. Economists warned that the collapse in political backing for Ishiba could pave the way for more government spending, which might put pressure on the yen and Japanese bond yields. The euro was flat at $1.1689 after climbing 0.5% on Monday. It's still up 13% this year, as investors pull the plug on U.S. assets for the time being over tariff uncertainty. The U.S. dollar index was near 97.905, as currency traders look for more clarity about trade policies. Fed Tensions and Earnings Add to Uncertainty Markets are also worried about the independence of the Federal Reserve. U.S. President Donald Trump recently raised the possibility of firing Fed Chair Jerome Powell and later backed off. The Treasury and Scott Bessent suggested a full review of the Fed's performance was warranted, intensifying concerns over political pressure on monetary policy. Now all eyes are on Powell's speech later Tuesday for hints on where interest rates are going. The Fed will almost certainly leave rates unchanged later this month, though market participants are expecting rate cuts before the year is out. Goldman Sachs expects three 25-basis-point cuts beginning next month, provided inflation expectations stay moderate. Global Markets Watch Corporate Earnings Another focus this week is corporate earnings. Alphabet and Tesla will share their results in the United States, and European giants like LVMH and Roche are also expected to report. Investors are keen to see how companies are dealing with tariffs and rapidly shifting consumer demand. On Wall Street, the S&P 500 and Nasdaq reached record highs on Monday, while the Dow was unchanged. Experts suggest these earnings reports will play a big role in how the market moves next. Brent crude fell 0.9 percent to $68.56 a barrel in the commodities market, and U.S. West Texas Intermediate dropped 1% to $66.51 a barrel on concerns about global demand.
BusinessToday
14-07-2025
- Business
- BusinessToday
Global Markets Dip As Trump's Tariff Threats Rattle Investors
Global markets edged lower on July 14 as renewed US tariff threats from President Donald Trump unsettled investor sentiment, just as earnings season kicks off and key economic data looms. Reuters reported that Wall Street and European futures slipped in Asian trading after Trump announced plans to impose 30% tariffs on most imports from the European Union (EU) and Mexico starting Aug 1, escalating trade tensions. While the EU vowed to seek a negotiated settlement, Germany's finance minister called for retaliation if tariffs proceed. Despite the tough talk, market reaction remained measured. The MSCI Asia-Pacific Index (ex-Japan) dipped 0.1%, while Japan's Nikkei was flat. Chinese blue chips rose 0.2%, buoyed by stronger-than-expected export growth of 5.8% in June, even as exports to the US declined nearly 10%. In Europe, EUROSTOXX 50 futures fell 0.6%, DAX futures dropped 0.7% and FTSE futures held steady. In the US, S&P 500 and Nasdaq futures each eased 0.4%, ahead of a busy earnings week led by major banks. Corporate profits for S&P 500 firms are now expected to grow 5.8% year-over-year, down from April's 10.2% forecast. Investors are bracing for a volatile week, balancing geopolitical risks with a flood of corporate earnings and crucial US economic data, including June inflation and retail sales figures. Related
Business Times
02-07-2025
- Business
- Business Times
Trump tariff risks put Asian stocks' strong July record to test
[SINGAPORE] A seasonal lift for Asian equities in July may be hard to come by this year as tariff and macroeconomic concerns dampen sentiment. Markets are bracing for heightened volatility ahead of the Jul 9 deadline for countries to cut trade deals with the US. Uncertainty over the outcome of these negotiations poses a hurdle for regional shares to maintain an average return of 1.36 per cent for July, the second-best performing month of the year, over the past decade. Investors are 'somewhat holding back on fresh allocations to emerging Asia', said Christian Nolting, global chief investment officer at Deutsche Bank's Private Bank. 'While recent comments from high-level negotiators suggest constructive progress in ongoing talks with major Asian trading partners,' uncertainties remain high given that trade disputes during US President Donald Trump's first term lasted one and a half years, he added. While the MSCI Asia-Pacific Index has gained for three consecutive months to June, a potential return of 'Liberation Day' tariff rates could send shares plunging in the similar way they did in early April. Trump ruled out delaying the Jul 9 deadline for imposing higher levies on trading partners and renewed threats to hike tariffs on Japan. That saw Japanese shares leading losses in Asia early on Wednesday, with the Nikkei 225 down about 1 per cent. Even if trade deals materialise, some levels of tariffs are likely to stay. That would be a drag on the region's export-led economies. A number of central banks in Asia have lowered their growth outlooks for the year. Meanwhile, elevated US interest rates may curb the scope for Asian central banks to further lower borrowing cost. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'The third quarter looks to have lots of dangerous potholes with higher inflation and the prospect of slower growth,' said Gary Dugan, chief executive officer of the Global CIO Office. 'We are not so convinced the Federal Reserve will have sufficient reasons to cut rates at the pace the market prices.' To be sure, a milder-than-expected tariff outcome and more dovish signalling from the Federal Reserve may encourage flows into the region. Current positioning in Asian assets leaves room for upside, said Gary Tan, a portfolio manager at Allspring Global Investments. The US central bank has refrained from cutting interest rates this year as it assesses the impact of Trump's tariffs on inflation. The Trump administration though has been applying pressure to lower borrowing costs, and two Fed governors in recent days have said a cut could be appropriate as soon as July. The MSCI Asia-Pacific gauge has risen 12 per cent so far this year, outperforming the US, with shares in South Korea and Hong Kong seeing renewed interest. Still, some markets in South-east Asia, where countries were hit with among the highest tariff rates, remain under pressure. 'We continue to expect choppy markets over the summer,' Nomura Holdings strategists, including Chetan Seth, wrote in a recent note. 'We recommend investors focus on stock selection and on idiosyncratic themes that provide insulation from policy uncertainty and ones that offer better visibility.' BLOOMBERG
Economic Times
01-07-2025
- Business
- Economic Times
Asian stocks post modest gains, dollar edges down
For a Fed awaiting more clarity on the potential inflationary impact from tariffs, any pronounced deterioration in the labor market would likely lead to more pressure on officials to lower rates. Asian markets showed caution due to worries about President Trump's tariffs. Nikkei-225 in Japan experienced a dip. Trump threatened new tariffs on Japan, citing trade issues. The European Union is open to a tariff accord with exemptions. The US jobs report is expected soon. The Federal Reserve may consider rate cuts if the labor market weakens. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Asian shares opened cautiously and Japanese equities dipped on lingering concerns over the impact from President Donald Trump's tariff Nikkei-225 index fell 0.9% at the open as Trump threatened to impose a fresh tariff level on the Asian country. The MSCI Asia-Pacific Index rose 0.2%. Contracts for the S&P 500 were flat after the index notched its best quarter since December 2023 and closed at a record high on Monday. Hong Kong has a public holiday Street's bulls drove stocks to all-time highs at the end of a solid quarter amid hopes the US is moving closer to reaching concrete deals with its top trading partners. Bets the Federal Reserve will resume rate cuts powered the best first-half stretch for Treasuries in five threatened to impose a fresh tariff level on Japan. The president's latest round of brinkmanship with Tokyo on Monday comes just over a week before a July 9 deadline for higher tariffs to restart for dozens of trading partners, including Japan. He cited what he said was the country's unwillingness to accept US rice Trump's trade deadline fast approaching, the European Union is willing to accept an accord that includes a 10% universal tariff on many of the bloc's exports, but seeks key exemptions. Trump's top economic adviser said the White House aims to finalize deals with partners after the July 4 days ahead of the US jobs report , bonds rose Monday. Treasury Secretary Scott Bessent indicated it wouldn't make sense to ramp up sales of longer-term debt given where yields are, though he held out hope that rates across maturities will drop as inflation slows. Goldman Sachs Group Inc. projects a Fed cut in September as the inflationary effects of tariffs 'look a bit smaller' than June employment report, due on Thursday, given the July 4 holiday on Friday, is forecast to show growth in the workforce easing to about 110,000 new jobs from 139,000 the prior month, according to economists surveyed by Bloomberg. The unemployment rate is seen nudging up to 4.3%.For a Fed awaiting more clarity on the potential inflationary impact from tariffs, any pronounced deterioration in the labor market would likely lead to more pressure on officials to lower rates.
