Asian markets fell over concerns on US credit market
Asian
shares slipped after risk sentiment dimmed on Wall Street as bad loans at two
US banks heightened concerns about the credit market. MSCI’s regional stock
gauge dropped 0.2% with financials the biggest drag. The yen was stronger
against the dollar in early Friday trading, extending its run of three
consecutive sessions of gains. Nikkei was down 0.3% while Kospi was up 1% in
the early morning session. The GIFT Nifty is trading flat at 25,611 in the
morning, indicating a muted open for the benchmark Nifty 50.
The
Nifty ended in the green for the second consecutive session on Thursday. The
Sensex rose 862.23 points, or 1.04%, to 83,467.66, while the Nifty rose 261.75
points, or 1.03%, to 25,585.30. The foreign portfolio investors on Thursday
turned net buyers of Indian shares, see-sawing between purchasing and selling
in the last five sessions. The FPIs bought stocks worth approximately Rs 997
crore, according to provisional data from NSE.
Fundamental Update
- Infosys Q2FY26 (QoQ) Revenue up 5.2% to Rs
44,490.00 crore versus Rs 42,279.00 crore. Ebit up 6% to Rs 9,353.00 crore versus
Rs 8,803.00 crore. Positive
- Wipro Q2FY26 (QoQ) Revenue up 2.5% to Rs
22,697.30 crore versus Rs 22,134.60 crore Ebit up 4% to Rs 3,680.70 crore
versus Rs 3,547.60 crore. Positive
- LTIMindtree Q2FY26 (QoQ) Revenue up 5.6% to Rs
10,394.30 crore versus Rs 9,840.60 crore. Ebit up 17% to Rs 1,648.10 crore versus
Rs 1,406.50 crore. Positive
- Cyient Q2FY26 - (QoQ) Revenue up 4.0% to Rs 1,781.00
crore versus Rs 1,711.80 crore Net Profit down 17% to Rs 127.50 crore versus Rs
153.80 crore. Negative
Technical Update
- NIFTY – Nifty zoomed past 25,500 to settle
over 1% at 25,585 on Thursday. Index touched almost 3 months high amid short
covering by FIIs. Today’s range – 25,450 – 25,700.
- BANKNIFTY – Bank nifty too gained to almost all
time high before settling at 57,422 on Thursday. Index has gained momentum as
private lender zoomed over 2 % on better quarterly numbers. Today’s range –
57,000 – 57,750.
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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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