Ravi Bhatt
Trump
has threatened to levy 200% duty on pharma products while copper may attract
50% import tariff. Oil steadied as traders weighed signs of swelling US crude
stockpiles and the fallout from President Donald Trump’s tariff regime. Brent
held near $70 a barrel after a two-day gain, and West Texas Intermediate was
around $68.
Fundamental Update
- Quality Power - The company has formalised a term
sheet to raise its investment stake in Nebeskie Labs from 14.5% to 26%. Positive
- Dixon Technology - The company has established a
50:50 joint venture named Lightanium Technologies in partnership with Signify
Innovations. Positive
- Tata Steel - The
company reported a slight year-on-year dip in crude steel production to 5.26 MT
in the first quarter of fiscal 2026. Negative
- 5Paisa Capital Q1 FY26 (YoY) - Net Profit
down 42.6% at Rs 11.5 crore versus Rs 20.1 crore. Total Income down 24% at Rs
77.7 crore versus Rs 102 crore. Negative
Technical Update
- NIFTY – Late recovery lifted Nifty index to
close above 25,500 at 25,522 on Tuesday. Index has been under pressure over
trade tariff news in recent days and uncertainty still continues in absence of
trade deal announcements. Today’s range – 25,350 – 25,650.
- BANKNIFTY – Bank nifty zoomed past 57K after
late buying on private lenders stock to settle at 57,256 on Tuesday. Index has
strong support at 17 day EMA of 56,650 while 57,550 is near term resistance.
Today’s range – 56,650 – 57,550.
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.
No comments:
Post a Comment