More
tariff threat from Donald Trump keep markets nervous Most
Most
of the Asian equities were trading in range as dollar strengthened after
President Donald Trump ratcheted up trade tensions yet again by floating a
higher “blanket tariffs” rate on most trading partners. Nikkei was up 0.3% and
Hang Sang was up 0.7% while contracts for the S&P 500 reversed their
earlier gains and fell. S&P 500 futures was down 0.5% and Euro Stoxx 50
futures was down 0.6% in the early trade. Earlier, the Indian benchmark equity
indices continued to fall for a second session on Thursday, dragged by share
prices of Bharti Airtel Ltd., and HDFC Life Insurance Co.
The
NSE Nifty 50 ended 120.85 points, or 0.47% lower at 25,355.25, while the BSE
Sensex closed 345.80 points, or 0.41% down at 83,190.28. During the day, Nifty
fell 0.53% to trade at 25,340.45 and Sensex declined 0.48% to 83,134.97. US
equities closed at a new all-time high on Thursday as investors parsed a slew
of tariff headlines and looked ahead to corporate results that are due to start
next week.
Fundamental Update
- Anand Rathi Q1FY26 (QoQ) - Revenue at
Rs 274 crore versus Rs 222 crore up 23.42%. Net profit at Rs 93.91 crore versus
Rs 73.4 crore up 27.42%. Positive
- TCS Q1FY26 (QoQ) - Revenue
down 1.6% to Rs 63,437 crore versus Rs 64,479 crore. EBIT down 1% at Rs 15,514
crore versus Rs 15,601 crore. Negative
- IREDA Q1 FY26 (YoY) - NII up 36.02% at Rs 691 crore
versus Rs 508 crore. Net profit down 35.67% at Rs 247 crore versus Rs 384
crore. Negative
- Tata Elxsi Q1FY26 (QoQ) - Revenue down
1.8% to Rs 892.10 crore versus Rs 908.34 crore. EBIT down 11% to Rs 162.44
crore versus Rs 182.97 crore. Negative
Technical Update
- NIFTY – Nifty slipped amid uncertainty over
tariff deal and closed lower at 25,355 on Thursday. Index is heading towards
25,200 while 25,500 is strong resistance now. Today’s range – 25,200 – 25,500.
- BANKNIFTY – Bank nifty too weakened and closed
tad lower to 57K at 56,999 on Thursday.
Index has strong support at 17 day EMA of 56,550 while 57,150 is near term
resistance. Today’s range – 56,550 – 57,150.
Disclaimer: This report is prepared by an analyst who has exercised due diligence in
checking the correctness and authenticity of the information before publishing
research report. We shall not be in any way responsible for any loss or damage
in analysis or views obtained from the use of information contained in this
report and especially states that we have no financial liability whatsoever to
the user of this report.
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