Markets await CPI data for further clues on interest rate path for the year
Asian
stocks opened higher in the morning after a US-China tariff truce offered
relief to markets ahead of a key US inflation report expected to shape the
Federal Reserve’s interest-rate path. The MSCI Asia Pacific Index rose 0.4% as
Japan's Nikkei-225 index soared to a record high. Earlier, Indian equity
benchmarks closed in the green on Monday as shares of HDFC Bank Ltd., Reliance
Industries Ltd. and State Bank of India led the gains.
The
NSE Nifty 50 ended 221.75 points or 0.91% higher at 24,585.05 and the BSE
Sensex ended 746.29 points or 0.93% up at 86,604.08. The NSE Nifty 50 gained as
much as 0.98% during the day. The FPIs sold stocks worth approximately Rs
1,202.65 crore, according to provisional data from the National Stock Exchange.
The DIIs, which have been buyers for the 26th session, bought stocks worth Rs
5,972.36 crore.
Fundamental Update
- Novelis - Q1FY26 (QoQ) Revenue up 2.83 % at
$4,717 million versus $4,587 million. Ebitda down 30% at $361 million versus
$520 million. Positive
- Praj Industries - Q1FY26 (YoY) Revenue down 8.4% to
Rs 640.00 crore versus Rs 699.00 crore. Net Profit down 94% to Rs 5.30 crore versus
Rs 84.00 crore. Negative
- Astral - Q1FY26 (YoY) Revenue down 1.6% to Rs
1,361.00 crore versus Rs 1,383.00 crore. Net Profit down 33% to Rs 81.10 crore
versus Rs 120.40 crore. Negative
- Bata India - Q1FY26 (YoY) Revenue down 0.3% to
Rs 941.85 crore versus Rs 944.63 crore. Net Profit down 70% to Rs 52.00 crore
versus Rs 174.06 crore. Negative
- NIFTY – Nifty recovered by over 200 points
on account of short covering to settle at 24,585 on Monday. Index shrugged off
high tariff and buying on dips emerged to lift Indian markets. Index has now
strong support at 24,350 while resistance at 24,700.
- BANKNIFTY – Bank nifty too turned the tide to
gain over 500 points and closed at 55,511 on Monday. Index has support at
55,000 while 55,850 is near term resistance. Today’s range – 55,250 – 55,850.
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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
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