Markets
remain in positive territory in absence of Trump tariff threats
Asian
Pacific stocks posted a modest gain with Japanese markets staging a relief
rally after Prime Minister Shigeru Ishiba said he would carry on as leader even
after the ruling coalition lost its majority in the upper house election. The
MSCI regional stock gauge advanced 0.1% after the S&P 500 index closed
above 6,300 for the first time.
US
stocks reached new record highs on Monday, propelled by a busy earnings week
featuring upcoming quarterly reports from big names like Tesla Inc. and
Alphabet Inc the GIFT Nifty gained over 95 points to 25,184 in the morning,
indicating a higher start for the benchmark Nifty 50. Oil was little changed
after two modest declines as talks between the US and its trading partners gain
urgency ahead of next week’s deadline. International benchmark Brent traded
near $69 a barrel while West Texas Intermediate was around $67.
Fundamental Update
- PNB Housing Finance - Q1FY26
(YoY) Net interest income up 16% to Rs 733.57 crore versus Rs 631.25 crore. Net
Profit down 6.2% at Rs 531.73 crore versus Rs 567.11 crore. Positive
- CIE Automotive - Q1FY26 (YoY) Revenue up 3.3% at Rs
2,369 crore versus Rs 2,293 crore. Ebitda down 6.4% at Rs 337 crore versus Rs
360 crore. Negative
- Oberoi Realty - Q1FY26 (YoY) Revenue down 29.7% at
Rs 988 crore versus Rs 1,405 crore. Ebitda down 36.2% at Rs 520 crore versus Rs
815 crore. Negative
- Havells India - Q1FY26 (YoY) Revenue down by 6% at
Rs. 5,455 crores versus Rs. 5,806 crores EBITDA down 9.9% At Rs. 516 crores
versus Rs. 572 crores. Negative
- NIFTY – Nifty took a support at 50 day EMA
and jumped over 25K to settle at 25,090 on Monday. Index is facing resistance
at 17 day EMA of 25,200 while 25K is near term support. Today’s range – 25,000
– 25,250.
- BANKNIFTY – Bank nifty gained over 500 points on
knee jerk reaction after better than expected results from top private lenders.
Index settled above 17 day EMA at 56,952 on Monday. Index has resistance at
57,250 in the near future. Today’s range – 56,800 – 57,250.
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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