Sentiments remain higher ahead Trump – Xi meeting
In
the early morning session, the GIFT Nifty is trading marginally higher at
26,139, indicating a positive open for the benchmark Nifty 50. US and European
index futures are trading higher during Asian trading hours. Asian stocks
opened higher, buoyed by Wall Street optimism that artificial intelligence will
keep fueling profits at major technology firms and growing bets of a Federal
Reserve interest-rate cut. S&P 500 futures was up 0.08% while Euro Stoxx 50
futures decline 0.21%.
The
Nifty ended in the red on Tuesday; however it closed above the 25,900 mark. At
the close, the Sensex fell 492.23 points, or 0.58%, to 84,286.61, while the
Nifty slipped 29.85 points, or 0.11%, to 25,936.20. The FPI remained net buyers
with pumping over 10K Crore in the Indian securities – highest in this year.
Bullion was near $3,950 an ounce on Wednesday, a day before a scheduled meeting
between Presidents Donald Trump and Xi Jinping.
Fundamental Update
- Tata Capital - Q2FY26 (YoY) Total Income up 7.7% to
Rs 7,750 crore versus Rs 7,192 crore. Net Profit up 2% to Rs 1,097 crore versus
Rs 1,076 crore. Positive
- Shree Cement - Q2FY26 (YoY) Revenue up 17.4% to Rs
4,761 crore versus Rs 4,054 crore. Ebitda up 58.8% to Rs 974 crore versus Rs
613 crore. Positive
- M&M Financial - Q2FY26 (YoY) Total Income up
12.7% to Rs 5,049 crore versus Rs 4,479 crore. Net Profit up 45% to Rs 564
crore versus Rs 389 crore. Positive
- Adani Green - Q2FY26 (YoY) Revenue nearly flat at
Rs 3,008 crore versus Rs 3,005 crore. Ebitda up 17.4% to Rs 2,603 crore versus
Rs 2,217 crore. Positive
Technical Update
- NIFTY – Nifty again attempted to cross 26K level but settled marginally lower at 25,936 on Tuesday. Index was quite volatile due to monthly expiry. Today’s range – 25,850 – 26,150.
- BANKNIFTY – Bank nifty held back 58K level and
closed at 58,214 on Tuesday. Index has strong resistance at 58,600 while 58K is
near term support. Today’s range – 58,000 – 58,650.
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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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