Market View 3rd July, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets showed mixed performance ahead of the U.S. jobs report. Investor sentiment was slightly positive after U.S. stocks hit new highs, driven by President Donald Trump’s announcement of a trade agreement with Vietnam. This deal raised hopes of more international trade agreements in the near future. In Asia, some markets saw modest gains while others declined. Japan’s main indices were nearly flat, while South Korea’s market moved higher. Australian shares dipped slightly. Hong Kong futures remained unchanged. U.S. futures were steady following a strong session on Wall Street, where the S&P 500 and Nasdaq reached record levels. Technology stocks led the gains, supported by energy and materials sectors. Meanwhile, the Dow Jones closed with little change. In Europe, stock futures were slightly higher, showing cautious optimism. Back in India, stock markets closed lower, with major financial and infrastructure companies dragging the indices down. Overall, global markets are closely watching upcoming economic data from the U.S. for further direction.

Economic Calendar:

• USD: Unemployment Rate on 03^rd July 2025.
• IND: S&P Global Services PMI (June) on 03^rd July 2025.
• USD: Initial and Continuing Jobless Claims Data on 03^rd July 2025.
• IND: Foreign Reserves USD on 04^th July 2025.

 

IPO Watch:

Brokerage Radar:

CITI ON M&M FINANCE:

Maintain Neutral with TP of Rs 291.89, Q1FY26 Business Update – Growth Modest, Rise in GS-2/3 Restricted Suggesting Lower Credit Cost than Earlier Envisaged, Liquidity buffer was reduced to Rs 9600 cr Vs Rs 10000 cr in Q4.

MACQUARIE ON AVENUE SUPERMARTS:

Maintain Underperform with TP of Rs 3000, Q1 sales growth moderated slightly from Q4; Healthy pace of store additions, Q1 sees a stronger gross margin given product mix, Believe that competitive concerns linked to quick commerce are not yet behind us.

CITI ON PNB:

Maintain Sell with TP of Rs 101, Q1 Business Update – Advances Growth of 1.3% QoQ; Deposits Growth of 1.4% QoQ, Overseas advances were broadly flat in Q1, same as that in Q4, Expect RAM segments to be the primary growth driver.

CITI ON SAIL:

Maintain sell target price: Rs 115, Revise Estimates Upwards Based On Recent Trends & Mgmt Commentary, However, Believe That 1Q EBITDA/t Should Likely Be Peak & Already Disc In Stk Price, Steel Prices Could Correct Further Given Demand-Supply Trends.

International Markets:

U.S & Europe:

*As per 03^rdJuly.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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