Research Report : Indian Financial Markets Outlook - 23th July 2025

Ravi Bhatt

Sebi Registered Research Analyst - INH000012591
Website - www.capsavaj.com

 

Asian markets cheer over Trump announcement of signing deals with Japan

Asian market rose at the opening session on Wednesday morning after President Donald Trump said the US reached a trade deal with Japan, Phillipines and Indonesia. The MSCI gauge of Asian shares gained 0.7%. Nikkei was up 2.35% while Topix gained over 2.4% in the morning session. Kospi was down 0.1% while S&P/ASX 200 up 0.35% and Hang Seng futures up 1%.

The GIFT Nifty was traded up by 56 points to 25,105 in the morning. Earlier, the benchmark equity indices ended the session on a flat note on Tuesday as shares of Reliance Industries Ltd. and Infosys Ltd. weighed. The NSE Nifty 50 ended 29.8 points or 0.12% lower at 25,060.9, while the BSE Sensex closed 13.53 points or 0.02% down at 82,186.81. The FPIs continued offloading Indian stocks, selling over 3K crores shares in yesterday’s session.

Fundamental Update

• Zensar Tech - Q1FY26 (QoQ) Revenue is up 1.9% at Rs 1,385 crore versus Rs 1,359 crore. EBIT down 0.6% at Rs 188 crore versus Rs 189 crore. Positive

• Dixon Technologies - Q1FY26 (YoY) Revenue up 95.1% to Rs 12,835.66 crore versus Rs 6,579.80 crore. Ebitda up 95% to Rs 482.37 crore versus Rs 247.90 crore. Positive

• Dalmia Bharat - Q1FY26 (YoY) Revenue up 0.4% to Rs 3,636 crore versus Rs 3,621 crore. Ebitda up 32% to Rs 883 crore versus Rs 669 crore. Positive

• United Breweries - Q1FY26 (YoY) Revenue rises 15.7% to Rs 2,862 crore versus Rs 2,472 crore. Ebitda up 9% to Rs 310.52 crore versus Rs 284.74 crore. Positive

Technical Update

• NIFTY – Nifty continued zig zag movement falling over 30 points to settle at 25,060 on Tuesday. Index is facing resistance at 17 day EMA of 25,200 while 50 day EMA gives strong support at 24,950. Today’s range – 24,950 – 25,200.

• BANKNIFTY – Bank nifty too slipped below 57K to close at 56,756 on Tuesday. Index closed tad below 17 day EMA of 56,850 while 57,250 is near term resistance. Today’s range – 56,550 – 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.