
Ravi Bhatt
Sebi Registered Research Analyst - INH000012591
Website - www.capsavaj.com
Asian markets cheer over positive ASEAN summit
In
the early morning session, the GIFT Nifty is trading with 0.19% gains at
25,934, indicating a positive open for the benchmark Nifty 50. Asian shares
rose 0.8% with stocks in Japan and South Korea jumping by around 2%. US and
European index futures are trading higher during Asian trading hours.
S&P
500 futures up 0.68% Euro Stoxx 50 futures up 0.53% The benchmark indices ended
in red with Nifty ending below the 25,800 mark. Nifty 50 ended 0.37% lower at
25,795.15 and Sensex closed 0.41% lower at 84,211.88 on Friday. The foreign
portfolio investors on Friday turned net buyers of Indian shares after a day of
selling. The FPIs bought stocks worth approximately Rs 621.51 crore, according
to provisional data from the National Stock Exchange.
Fundamental Update
- Coforg - Q2FY26 (QoQ) Revenue up 8.1% to Rs
3,986 crore versus Rs 3,689 crore. EBIT up 34.2% to Rs 561 crore versus Rs 418
crore. Positive
- Latent View - Q2FY26 (QoQ) Net Profit down 12.7%
at Rs 44.4 crore versus Rs 50.8 crore. Revenue up 9.1% at Rs 258 crore versus
Rs 236 crore. Positive
- Eclerx Services - Q2FY26 (QoQ) Net Profit up
29.3% at Rs 183 crore versus Rs 142 crore. Revenue up 7.5% at Rs 1,005 crore
versus Rs 935 crore. Positive
- Dr Reddy’s - Q2FY26 (YoY) Revenue up 9.8% to Rs
8,828 crore versus Rs 8,038 crore. Ebitda down 3.2% to Rs 2,010 crore versus Rs
2,077 crore. Negative
Technical Update
- NIFTY - Nifty traded lower by 100 points to settle at 25,795 on Friday. Index has taken support at 25,700 and rebounded to near 25,800. Today’s range – 25,700 – 26,000.
- BANKNIFTY - Bank nifty released some of the
gains to settle below 58K at 57,700 on Friday. Index is well supported near 57K
while 58K is near term resistance. Today’s range – 57,500 – 58,050.
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
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