Latest news with #BajajBrokingResearch
Mint
3 days ago
- Business
- Mint
Market watch: Global economic events, US trade talks outcome to drive market sentiment
Mumbai [India], : The upcoming week is set to be crucial for stock markets, with a flurry of key economic events scheduled across the United States, India, and China. Market experts suggest that investor sentiment could be significantly influenced by economic indicators, particularly the outcome of ongoing trade deal discussions between India and the US, which are being closely monitored for signs of progress. "The week from 28 July to 01 August 2025 is packed with key economic events across the United States, India, and China, which could significantly influence global market sentiment," the Bajaj Broking Research team said in its weekly market note. Meanwhile, experts say that positive surprises from the first-quarter financial season could positively shape sentiment. "At this stage, any positive development on the global front, particularly around trade negotiations involving the US, could act as a much-needed catalyst for the market. A constructive outcome or even signs of progress in trade talks would help ease investor concerns. Also, from the remainder of Quarterly Results, any positive surprise could also lead to providing support at lower levels," said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. In India, the economic week begins with the release of the Industrial Production YoY data on 28 July, which will help assess the strength of the country's industrial sector. This will be followed by the HSBC India Manufacturing PMI on August 1, which will offer insights into factory output and business conditions in the manufacturing sector. Meanwhile, China will release its Manufacturing PMI data on 31 July, an important indicator of industrial activity and business confidence in the region. In the United States, attention will be firmly on the Federal Reserve's FOMC rate decision, scheduled for July 30, a critical event that could shape expectations around interest rate policy amid persistent inflation concerns. Alongside this, the GDP Annualised QoQ and ADP Employment Change data will also be released on the same day, offering a glimpse into the economic growth trajectory and private sector hiring trends. On 31 July, the Initial Jobless Claims report will provide further clarity on the health of the labour market. The benchmark Nifty index has continued its downward trajectory, extending its losing streak for the fourth consecutive week. The analysts stated that the persistent weakness in the market can be attributed to a combination of factors, including the absence of strong positive triggers, Q1 earnings from key corporates coming in below expectations, and lingering uncertainty on the global trade deal front, all of which have dampened investor sentiment. During the week, the index made a feeble attempt to rebound from the crucial support zone; however, the recovery lacked conviction and fizzled out quickly. On Wednesday, Nifty managed to close above its 20-day EMA, briefly reviving hopes of a turnaround. But the optimism was short-lived, as renewed selling pressure dragged the index back into negative territory. The earnings season so far has largely fallen short of expectations, with several major companies reporting weaker-than-anticipated results. This underperformance has dampened investor sentiment, particularly at a time when markets were expecting strong earnings to serve as a key catalyst for upward momentum. Beyond earnings, the absence of any significant positive domestic triggers and the continued uncertainty surrounding global trade negotiations have added to the cautious mood. These combined factors are contributing to the downward pressure on the market, according to the market analysts. While weak earnings alone may not be the sole reason for the market correction, when coupled with global headwinds and a lack of fresh buying triggers, they certainly add weight to the bearish undertone prevailing in the current environment. This article was generated from an automated news agency feed without modifications to text.
Time of India
6 days ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for July 25, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Gujarat Pipavav Port Ltd (GPPL) and National Aluminum are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for July 25, 2025: Index View: NIFTY Benchmark indices remained rangebound, reflecting investor indecision amid heightened macro headwinds from ongoing India-US trade talks and the onset of the Q1 FY26 earnings season. Broader market activity was largely stock-specific, as participants adopted a cautious stance in anticipation of clearer fundamental cues and earnings visibility. Notably, India VIX slipped to 10—its lowest level in five months—signaling a lull in volatility and a market in wait-and-watch mode. Structurally, the index continues to exhibit strength through its formation of higher highs and higher lows, underscoring resilience despite geopolitical and policy-related uncertainties. On the near-term charts, the index breached its 20-day EMA, currently around 25,250—a level that previously acted as support and now serves as immediate resistance. A sustained move above 25,250 could open the door for further upside towards the 25,500 mark. On the downside, Nifty finds a robust support zone in the 24,900–25,100 range, backed by multiple technical confluences: (a) the rising 50-day EMA, (b) an ascending trendline connecting the May and June 2025 lows, (c) the 61.8% Fibonacci retracement of the prior rally from 24,473 to 25,669, and (d) the upper band of the recent breakout zone near the 25,000 level. Overall, the market remains in a consolidation phase with a cautiously optimistic undertone as the earnings season unfolds. NIFTY BANK Outlook Bank Nifty remained confined within a narrow consolidation zone last week, mirroring cautious investor sentiment amid ongoing India-US trade uncertainties and the impending Q1 FY26 earnings season for banking stocks. The index continues to hover above its 20-day EMA—a dynamic support level it has respected since April—underscoring the strength of the prevailing bullish undertone. This, coupled with improving market breadth, affirms the formation of a higher high–higher low structure, indicating a well-established uptrend. Over the past 10 sessions, the index has been consolidating within the 56,000–57,600 range, and we expect this sideways movement to persist. A breakout beyond either side of this band will be crucial to determine the next directional bias. On the downside, immediate support is placed at 55,940—aligning with the 50-day EMA—while stronger support lies at 55,500, a key demand zone that has consistently cushioned declines in recent weeks. Stock Recommendations: GPPL Buy in the range of Rs 160-168 Target SL Return Time Period Rs 190 154 ~ 15% 3 Months The Gujarat Pipavav Port Ltd stock is forming a consistent pattern of higher highs and higher lows on the daily chart, signaling a sustained uptrend. Additionally, it continues to trade above its key moving averages, reinforcing the positive momentum. On the indicator front, the rising ADX, coupled with a strengthening +DMI, indicates that the ongoing trend is gaining momentum and is likely to strengthen further. The counter is on the verge of breaking out of its two-month consolidation range, supported by strong volumes, indicating a potential confirmation of the breakout. National Aluminium Buy in the range of Rs 195-199 Target SL Return Time Period Rs 220 186 ~ 11% 3 Months The stock has broken out of its consolidation phase on the daily timeframe, consistently forming a higher high–higher low structure over the past four months—signalling a sustained uptrend. It continues to trade well above its key moving averages, reinforcing the bullish bias. On the indicator front, a rising ADX along with a strengthening +DMI suggests increasing trend strength, indicating that momentum is likely to accelerate further. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Recorder
6 days ago
- Business
- Business Recorder
India's equity benchmarks may open higher on UK trade deal, earnings optimism
India's stock benchmarks will likely open marginally higher on Thursday, lifted by robust earnings from Infosys and optimism over a potential free-trade agreement with Britain. The Gift Nifty futures were trading at 25,298 points as of 7:57 a.m. IST, indicating that the Nifty 50 will open above Wednesday's close of 25,219.9. Broader Asian markets opened firm, tracking overnight gains on Wall Street after the U.S. and Japan announced a bilateral trade pact, which fuelled hopes of additional deals and lifted global risk appetite. Expectations that India and UK will sign a free-trade agreement on Thursday during Prime Minister Narendra Modi's visit to Britain further aided sentiment. The deal is expected to reduce tariffs on goods such as textiles, whisky and automobiles, while expanding market access for businesses. 'A risk-on sentiment is prevailing across Asian markets, buoyed by favourable global cues following the announcement of a bilateral trade deal between the U.S. and Japan and supported by optimism surrounding the earnings season,' Bajaj Broking Research said. On the domestic front, Infosys will be in focus after India's second-largest IT services company raised the lower end of its full-year revenue guidance following a better-than-expected June quarter. Investors will also track market reaction to results from Dr Reddy's Laboratories and Tata Consumer Products. Dr Reddy's narrowly missed profit estimates due to pricing pressure and heightened competition in North America, while Tata Consumer posted a weak quarter as elevated tea and coffee prices weighed on margins.
Time of India
18-07-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for July 18, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, UPL and Varun Beverages are the top stock picks for today. Here's its view on Nifty, Bank Nifty and the top stock picks for July 18, 2025: Index View: NIFTY Equity benchmark indices traded sideways within a tight range, mirroring muted investor sentiment amid elevated uncertainty around the India-US trade dialogue and the onset of the Q1 FY26 earnings season. Market action remained largely stock-specific as participants adopted a wait-and-watch approach, seeking greater clarity on macroeconomic developments and corporate earnings visibility. Notably, the index has taken 12 sessions to retrace merely 50% of the preceding 11-session uptrend (from 24,473 to 25,669), reflecting a shallow pullback and signaling a healthy consolidation. This price action underscores a structurally positive setup, with the formation of a higher base around the psychological and technical support zone of 25,000, reinforcing the bullish undertone. Over the past two sessions, the index has posted near-identical intraday highs around the 25,255 marks, coinciding with the 20-day EMA—creating a critical confluence zone. A decisive breakout above this level could act as a trigger for the next leg of the uptrend, with potential upside toward the 25,600 zone in the coming weeks. Conversely, inability to convincingly surpass the 25,255 hurdles may result in continued consolidation within the 25,000–25,250 band. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo Amid this setup, intermittent volatility cannot be ruled out, given the overlapping headwinds from the Q1 FY26 earnings season and persistent ambiguity around India–US tariff negotiations. From a structural standpoint, the index continues to form higher highs and higher lows—demonstrating resilience in the face of geopolitical noise and policy uncertainty. Additionally, improving market internals add conviction to the bullish narrative, with 67% of Nifty 500 constituents now trading above their 200-day SMA—up significantly from 52% last month—signaling broad-based participation and lending credibility to the sustainability of the ongoing structural uptrend. Nifty has strong support between 24,900-25,100 levels which we expect to hold being the confluence of (a) the rising 50 days EMA (b) rising trendline support joining lows of May and June 2025 (c) 61.8% retracement of the previous up move (24473-25669) (d) the upper band of the recent breakout area placed around 25000 levels. NIFTY BANK Bank Nifty traded within a narrow consolidation band last week, reflecting subdued investor sentiment amid heightened uncertainty surrounding the India-US trade negotiations and ahead of the Q1 FY26 earnings season of the banking stocks. The index continues to trade above its 20-day EMA level it has consistently respected since April—signaling that the underlying bullish trend remains firmly intact. This, combined with improving market breadth, reinforces the higher high–higher low-price structure, suggesting a well-entrenched uptrend. The setup paves the way for a potential move towards the 58,500 zone in the upcoming weeks. The index on expected lines in the last 10 sessions is seen consolidating in the range 56,500-57,600. We expect the index to extend the same, and only a move beyond this range will signal the next directional move in the index. Key short-term term support is placed at 56,000–55,500 region, representing a confluence of the 50-day EMA and the key retracement level. The broader trend remains positive, and the current consolidation should be viewed as buying opportunities. Stock Recommendations: UPL Buy in the range of Rs 680.00-696.00 Target SL Return Time Period Rs 763.00 645 11% 3 Months The stock is at the cusp of breaking above a bullish cup & handle formation signaling continuation of the up move and offers fresh entry opportunity. The stock is seen sustaining above the short-term, moving averages signals strength and offers fresh entry opportunity The daily 14 periods RSI has recently generated a buy signal moving above its nine periods average thus validating positive bias. We expect the stock to head higher towards 763.00 levels in the coming months, being the measuring implication of the bullish cup & handle formation. Varun Beverages Buy in the range of Rs 480-492 Target SL Return Time Period Rs 536 457 10% 3 Months The stock has generated a breakout above a falling channel containing an entire decline since April 2025. It has moved above the short-term moving averages during the current week's trade and the current week price rise is supported by strong volume thus supporting the positive bias. The daily 14 periods RSI is sustaining above its nine periods average signaling positive bias. We expect stock to head towards 536 levels in the coming months, being the 80% retracement of the previous decline of April to June 2025 (568-446). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
15-07-2025
- Business
- Mint
Nifty hovers near crucial support; breakdown below 25K could trigger deeper correction, warn experts
The Indian market continues to trade in a range-bound manner with a negative bias, having ended the last four trading sessions lower. Escalating tariff concerns continue to dampen investor sentiment, while the lack of fresh domestic triggers and uncertainty over a potential trade deal with the US are also weighing on the market. Although the domestic economy is expected to regain strength in the current fiscal year—supported by improving liquidity conditions, a healthy monsoon, and strengthening urban consumer demand—these positives appear to be largely priced into the market. The ongoing earnings season, which started off on a muted note, will be important to watch. The way results unfold could play a key role in shaping market sentiment and easing some of the valuation worries, especially since India remains one of the most expensive markets in Asia. With bears continuing to dominate Dalal Street since the start of the July, the Nifty 50 has declined sharply, falling 600 points to close slightly above the 25,000 mark at 25,082 in yesterday's session. Analysts expect a deeper correction if the index breaks below the crucial 25,000 level. The index has been trading above 25,000 since June 24. After a gap of seven months, it reclaimed this level in mid-May. Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited, said that Nifty 50 formed a bearish-bodied candle with a lower wick on the daily chart, indicating selling dominance but also highlighting some buying support at lower levels. Matalia noted that on the downside, the 25,000 level remains a strong support, and he expects that a decisive breach below this could trigger extended selling pressure, dragging the index towards the 24,700 zone. On the upside, Matalia added that immediate resistance is placed around 25,200, followed by a strong hurdle in the 25,350–25,500 range. Meanwhile, analysts at Bajaj Broking Research said the index formed a bear candle with a long lower shadow around the psychological 25,000 level. Bajaj Broking noted that the Nifty continues to form lower highs and lower lows, highlighting a corrective decline for the fourth session in a row on Monday. They added that it's worth noting the index has taken 11 sessions to retrace just 50% of the previous 11-session up move (from 24,473 to 25,669). According to Bajaj Broking Research, this shallow pullback suggests the overall trend remains positive. They pointed out that Nifty has strong support between 24,900 and 25,100, which aligns with the 50-day EMA, a past breakout zone, and a rising trendline. Analysts expect the index to hold this support and bounce back towards 25,500–25,600 in the coming sessions. They view the current decline as a buying opportunity. However, they cautioned that if Nifty breaks below 24,900, it may temporarily halt the short-term upward trend. 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.
