Research Report : Indian Financial Markets Outlook - 24th July 2025

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

Asian markets continued in positive territory over US Japan trade deal

Asian markets continued marching upward for a sixth straight session after a US-Japan trade agreement signalled potential for further deals, lifting market confidence across the region. The MSCI Asia Pacific index gained 0.7%, marking its longest rally since January. Japan’s equity benchmarks opened more than 1.3% higher in the morning session. In the US, the S&P 500 closed 0.8% higher, setting a record for the third day in a row. The NSE Nifty 50 ended 159 points or 0.63% higher at 25,219.90, while the BSE Sensex closed 539.83 points or 0.66% up at 82,726.64.

The GIFT NIFTY traded steady in the morning session at 25,298. Foreign portfolio investors remained net sellers of Indian shares for the third consecutive day on Wednesday as they sold stocks worth Rs 4,209.11 crore, according to provisional data from the National Stock Exchange. The domestic institutional investors, who stayed buyers for the 13th straight session, obtained stocks worth Rs 2,944.9 crore.

Fundamental Update

• Infosys - Q1FY26 (QoQ) Revenue up 3.3% to Rs 42,279.00 crore versus Rs 40,925 crore. EBIT 3.3% to Rs 6,921 crore versus Rs 7,033 crore. Positive

• Force Motors - Q1FY26 (YoY) Revenue up 21.9% to Rs 2,297 crore versus Rs 1,885 crore. Ebitda up 33.3% to Rs 332 crore versus Rs 249 crore. Positive

• Bikaji Foods - Q1FY26 (YoY) Revenue up 14.2% to Rs 653 crore versus Rs 572 crore. Ebitda up 5% to Rs 96.2 crore versus Rs 91.6 crore. Positive

• Cigniti Technologies - Q1FY26 (QoQ) Revenue up 0.8% to Rs 534 crore versus Rs 530 crore. EBIT flat at Rs 81.5 crore versus Rs 81.3 crore. Neutral

Technical Update

• NIFTY – Nifty recovered over 150 points to settle above 25,200 at 25,219 on Wednesday. Index crossed the near term resistance at 17 day EMA of 25,200 to move towards 25,350. The support lies at 25,150. Today’s range – 25,150 – 25,350.

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