Global
markets feel pinch of Trump’s tariff heroic, high inflation data in US hurts
Markets
in Asia Pacific region fell at the open on Wednesday after mixed US inflation
data spurred traders to trim Federal Reserve interest rate-cut bets. The MSCI
regional gauge dropped 0.4% with losses in Australia, Japan and South Korea.
The GIFT Nifty is trading 95 points or 0.38% down at 25,170.5 in the morning,
indicating a lower start for the benchmark Nifty 50. S&P 500 futures fell
0.2% after the index closed lower Tuesday.
The
NSE Nifty 50 ended 113.5 points or 0.45% higher at 25,195.8, while the BSE
Sensex closed 317.45 points or 0.39% up at 82,570.91. Foreign portfolio
investors turned net buyers of Indian shares on Tuesday after two sessions of
selling as they mopped up stocks worth Rs 104.5 crore, according to provisional
data from the National Stock Exchange. The domestic institutional investors,
who remained buyers for the seventh straight session, bought stocks worth Rs
1,477.6 crore.
Fundamental Update
- HDFC Life Insurance - Q1FY26 (YoY) Net premium
income up 15% at Rs 14,466 crore vs Rs 12,509 crore. Annualised premium
equivalent grew 12.5% to Rs 3,225 crore versus Rs 2,866 crore Positive
- HDB Financial Services - Q1FY26
(YoY) Net interest income at Rs 2092 crore, up 18% year-on-year. Operating
profit at Rs1388 crore versus Rs 1179 crore year-on-year, up 18%. Positive
- ICICI Lombard - Q1FY26 (YoY) Net Profit rises 28.7%
to Rs 747 crore versus Rs 580 crore. Total Income rises 13.7% to Rs 6,083 crore
versus 5,352 crore. Positive
- Just Dial - Q1FY26 (YoY) Revenue up 6.42% at Rs
298 crore versus Rs 280 crore. Ebitda up 7.66% at Rs 87.1 crore versus Rs 80.9
crore. Positive
Technical Update
- NIFTY – Nifty gained over 100 points to
settle at 25,195 on Tuesday. Index is facing resistance at 17 day EMA of 25,270
while 25K is near term support. Today’s range – 25,000 – 25,300.
- BANKNIFTY – Bank nifty recovered smartly to
close tad above 57K at 57,006 on Tuesday. Index breached 17 day EMA of 56,825
while 57,500 is now near term resistance. Today’s range – 56,800 – 57,500.
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in analysis or views obtained from the use of information contained in this
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