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Mint
30 minutes ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US-China trade talks to Trump tariffs
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Wednesday, following mixed global market cues. Asian markets traded mixed, while the US stock market ended lower amid cautiousness over US tariffs and Federal Reserve policy. On Tuesday, the Indian stock market ended higher, lifted by fag-end short-covering, with the Nifty 50 closing above 24,800 level. The Sensex gained 446.93 points, or 0.55%, to close at 81,337.95, while the Nifty 50 settled 140.20 points, or 0.57%, higher at 24,821.10. 'We expect the markets to witness selective buying, driven by quarterly results; while broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal,' said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asia markets traded mixed on Wednesday amid uncertainties related to US tariffs. Japan's Nikkei 225 fell 0.17%, while the Topix was flat. South Korea's Kospi gained 0.53%, and the Kosdaq rose 0.42%. Hong Kong's Hang Seng Index futures indicated a weaker opening. Gift Nifty was trading around 24,821 level, a discount of nearly 17 points from the Nifty futures' previous close, indicating a muted start for the Indian stock market indices. US stock market ended lower on Tuesday after some disappointing corporate earnings, while investors awaited a Federal Reserve policy. The Dow Jones Industrial Average declined 204.57 points, or 0.46%, to 44,632.99, while the S&P 500 fell 18.91 points, or 0.30%, to 6,370.86. The Nasdaq Composite closed 80.29 points, or 0.38%, lower at 21,098.29. United Parcel Service shares plunged 10.6%. Whirlpool share price plummeted 13.4%, UnitedHealth stock price stumbled 7.5%, Boeing shares declined 4.4% and Merck stock dropped 1.7%. US and Chinese officials agreed to seek an extension of their 90-day tariff truce, following two days of talks in Stockholm. No major breakthroughs were announced, and US officials said it was up to President Donald Trump to decide whether to extend a truce that expires on August 12. US President Donald Trump said that India could face tariff rates as high as 25% on its exports to the United States, but emphasised that a final decision had not yet been made. 'I think so,' Trump responded when asked by reporters aboard Air Force One if the US would impose a 20–25% tariff rate on Indian goods. Gold prices steadied ahead of the Federal Reserve's policy statement later in the day for cues into future rate cuts. Spot gold price was steady at $3,329.19 per ounce, while US gold futures rose 0.1% to $3,327.70. The dollar index, which measures the US currency against six others, at 98.815, hovering near a one-month high. The euro was 0.12% higher at $1.1558, and Sterling was at $1.3358. The offshore yuan was little changed at 7.178 per US dollar, while the Japanese yen firmed a bit to 148.20 per dollar. Crude oil prices held the biggest gain in six weeks after US President Donald Trump reiterated he may impose additional economic penalties on Russia unless a truce is reached with Ukraine. Brent crude oil rose 0.12% to $72.60 a barrel, after closing 3.5% higher in the previous session, while the US West Texas Intermediate (WTI) crude futures were flat at $69.20. (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.
Time of India
2 days ago
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting July 28, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting July 28, 2025) are VA Tech WABAG, and HDFC Bank. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) VA Tech WABAG 1621 1900 17% HDFC Bank 2005 2300 15% VA Tech WABAG VA Tech is a global leader in water treatment and a strong play on the long-term structural water treatment theme, with rising demand driven by pollution, scarcity, and regulatory needs. It ranks 3rd as a private water operator globally (up from 6th in 2019 and 10th in 2017). It operates an asset-light model and boasts 125+ Intellectual property rights, focusing on high-margin engineering & procurement and long-term O&M projects. Robust ₹137b order book (4.2x FY25 revenue) & ₹200b bid pipeline support 15–20% revenue CAGR visibility over FY25–28. Strategic initiatives like 'Wriddhi' bolster its growth and profitability outlook. Improving margins, strong FCF (~₹3.5b/year), net cash status, & rising RoCE/RoE make it a high-quality compounder. HDFC Bank HDFC Bank is well-positioned to deliver a strong earnings rebound, supported by improving loan growth across Commercial & Rural Banking (CRB), SME, and retail segments. With normalization of the CD ratio and a granular liability profile, the bank is poised to accelerate credit growth—guided to be in line with the system in FY26 and ahead in FY27. Robust asset quality (GNPA/NNPA at 1.4%/0.5% in 1QFY26) and provisioning buffers (INR366b) provide comfort, while margin recovery is expected as high-cost borrowings are replaced by deposits. We estimate HDFCB to deliver FY27E RoA/RoE of 1.9%/14.9%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
Bajaj Finance Finds Dynamic Support at 50 DEMA; Technicals Point to More Upside, says Shivangi Sarda
'Bajaj Finance stock has outpaced in its sector and has been making higher lows from the last eight months. Traders can buy the stock for a target of Rs 1010 in the next 2-3 weeks,' Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said. Show more Show less
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Business Standard
6 days ago
- Business
- Business Standard
Motilal Oswal Q1 result: Profit rises 32% to ₹1,162 crore, revenue up 18%
Motilal Oswal Financial Services Ltd (MOFSL) on Thursday reported a consolidated net profit of ₹1,162.06 crore for the first quarter of financial year 2025-26 (Q1 FY26), marking a 31.7 per cent increase over ₹881.89 crore in the same period last year. The firm also swung back to profitability from a ₹64.77 crore loss in the previous quarter. The performance was driven by strong growth across its asset management, private wealth management, and capital markets businesses, the company said in an exchange filing. Motilal Oswal Q1 revenue doubles sequentially Consolidated revenue from operations rose 18.3 per cent year-on-year to ₹2,737.03 crore. On a sequential basis, revenue more than doubled, up 129.9 per cent from ₹1,190.26 crore in Q4 FY25. The growth, company said, reflects "the strength and diversification of MOFSL's Twin-Engine Growth Model (operating business as well as treasury investments), inspired by Warren Buffett's Berkshire Hathaway." Total expenses stood at ₹1,338.56 crore, up 5 per cent from ₹1,274.56 crore in the year-ago period. On a sequential basis, expenses were 8.4 per cent higher than ₹1,235.21 crore in Q4 FY25. Motilal Oswal, managing director and chief executive officer of the company, said, 'Q1 FY26 has been a landmark quarter for us, delivering the highest-ever profit after tax (PAT) of ₹1,430 crore, with exceptional performance across all our businesses. Our asset management company (AMC) crossed ₹1.5 trillion assets under management (AUM), private wealth management business delivered its highest revenue ever, Housing Finance scaled ₹5,000 crore AUM, and Capital Markets delivered their best-ever quarter, driven by strong deal execution. These results reflect the depth of the group's expertise across capital markets (retail to institutional) and the enormous opportunity arising from India's accelerating financialisation of savings." Motilal Oswal client base growth The firm also said that its total client base crossed 13.6 million (growth of 88 per cent on Y-o-Y); Assets under Advice (AUA) surpassed ₹6.5 trillion, driven by scale in Wealth management, Asset Management & Private wealth Management. Shares of Motilal Oswal were trading at ₹928.9 apiece on the BSE at 1.22 pm on Thursday. Motilal Oswal Q1 result highlights
Mint
16-07-2025
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Nasdaq at record high to US inflation
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following weak global market cues. Asian markets traded lower, while the US stock market ended mixed overnight, with the Nasdaq posting its record close. On Tuesday, the Indian stock market indices ended with decent gains, snapping their four-day losing streak. The Sensex rose 317.45 points, or 0.39%, to close at 82,570.91, while the Nifty 50 settled 113.50 points, or 0.45%, higher at 25,195.80. 'All eyes are on the India-US trade deal as a dedicated team from India's Commerce Ministry has reached Washington for negotiations. Overall, we expect the market to continue its consolidation in the near term; with stock-specific movements driven by Q1FY26 earnings outcomes and guidance from the management,' said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded lower after US inflation data made investors less hopeful about interest rate cuts by the Federal Reserve. Japan's Nikkei 225 fell 0.2%, while the Topix declined 0.11%. South Korea's Kospi declined 0.8% and the Kosdaq dropped 0.56% lower. Hong Kong's Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 25,174 level, a discount of nearly 91 points from the Nifty futures' previous close, indicating a negative start for the Indian stock market indices. US stock market ended mixed on Tuesday, with the Nasdaq Composite closing at record high. The Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, while the S&P 500 declined 24.80 points, or 0.40%, to 6,243.76. The Nasdaq Composite closed 37.47 points, or 0.18%, higher at 20,677.80. Nvidia share price rallied 4.04%, Advanced Micro Devices shares jumped 6.41%, and Super Micro Computer stock price surged 6.92%. Tesla share price fell 1.93%. JPMorgan Chase shares declined 0.7%, Wells Fargo stock price dropped 5.5%, while Citigroup shares climbed 3.7%. BlackRock share price slipped 5.9%. US consumer prices increased by the most in five months in June. The Consumer Price Index (CPI) increased 0.3% last month after edging up 0.1% in May. In the 12 months through June, the CPI advanced 2.7% after rising 2.4% in May. Economists polled by Reuters had forecast the CPI would climb 0.3% and rise 2.6% on a YoY basis. The US dollar rose after the latest US inflation data. The Japanese yen hit a four-month low of 149.03 overnight. The dollar last traded at 148.90 yen. The euro and sterling languished near three-week lows hit in the previous session, and last bought $1.1608 and $1.3394, respectively, Reuters reported. Against a basket of currencies, the US dollar hovered near a one-month high at 98.60. US Treasury yields stayed elevated after the inflation report, with the benchmark 10-year yield scaling a one-month top of 4.4950%. The two-year yield steadied at 3.9503%, having risen about 6 bps in the previous session. Gold prices traded higher after worries over potential global trade war supported safe-haven demand for the bullion. Spot gold price rose 0.3% to $3,330.99 per ounce, while US gold futures were steady at $3,337.70. Crude oil prices traded higher after a two-day drop on expectations of steady demand in the US and China. Brent crude oil rose 0.38% to $68.97 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.54% to $66.88. (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.
