View on market: Volatility persists, eagerly searching for growth

Global markets turned cautious as renewed trade tensions resurfaced following fresh tariff announcements by U.S. President Donald Trump. U.S. and European futures edged lower, reflecting investor unease. Indian equity markets broke a four-month winning streak, closing lower amid heightened uncertainty and foreign fund outflows. Asian markets extended their decline for a sixth straight session, marking the longest losing streak this year. The sell-off was driven by geopolitical concerns and muted reaction to strong earnings from major technology firms. Key regional indices showed mixed performance, with some resilience in specific segments, but overall sentiment remained subdued. On Wall Street, a previous rally lost steam as investors weighed the looming tariff deadline and a call from the White House for drugmakers to reduce prices. The major U.S. indices closed mixed, with one benchmark erasing earlier gains. Treasury yields fluctuated in anticipation of upcoming employment data, while the dollar posted its strongest monthly performance of the year.

Key Quarterly Results for Today:

ADANIPOWER, ADVANIHOTR, APTPACK, AROGRANITE, ASIACAP, DELHIVERY, GODREJPROP, GRAPHITE, GRINFRA, ITC, JKLAKSHMI, LICHSGFIN, MCX, PCJEWELLER, SARUPINDUS, TATAPOWER, TARIL, UPL, VANTABIO, VENUSREM, WARRENTEA, WOMENNET.

Economic Calendar:

• USD: Fed’s Balance Sheet on 01^st August 2025.
• IND: S&P Global Services PMI (July) on 04^th August 2025.
• USD: Import and Export Data on 05^th August 2025.
• IND: Monetary Policy on 06^th August 2025.

IPO Watch:

Company	Open	Close	Price (Rs/-)	View
NSDL	30th July	01st Aug	760-800	Apply
Highway Infra Ltd.	05th Aug	07th Aug	65-70	Under Review
Knowledge REIT	05th Aug	07th Aug	95-100	Under Review

 

Brokerage Radar:

MORGAN STANLEY ON AMBUJA:

Maintain Overweight with TP of Rs 650, Management raised its industry demand forecast to 7-8% for F2026 from 6-7%, Majority of increased opex from Orient consolidation to normalize next quarter, Cost savings of Rs175-200/t achieved toward Rs530/t target by FY28.

CITI ON DR LAL PATH:

Maintain Sell; Hike TP to Rs 2900 from Rs 2700, Decent Numbers in Seasonally Strong Quarter, Investments into network expansion expected to step up in H2, Full year margins may be slightly better than earlier guidance.

MACQUARIE ON MARUTI:

Maintain Outperform with TP of Rs 13682, Model launch to aid H2 domestic growth, Realisation surprise drove EBITDA beat, SUV launches to drive growth, New model launches and the company’s ability to drive market share gains is key.

JEFFERIES ON TVS MOTORS:

Maintain Buy; Hike TP to Rs 3500 from Rs 3300, Strong Q1 and Gaining Market Share, Remain optimistic on Indian 2W demand, lower FY25-28 industry volume CAGR from 10% to 8%, TVS’ market share has risen to a 22-year-high in domestic 2Ws and a new high in exports, Expect strong 13% volume and 24% EPS CAGR over FY25-28.

International Markets:

U.S & Europe:

*As per 01^st August.

Asian markets:

Particulars	01st  Aug	Chg.	Chg.(%)
GIFT Nifty	24,734.50	-137.10	-0.55
Nikkei	40,979.00	-90.82	-0.22
Straits Times	4,181.71	7.94	0.19
Hang Seng	24,717.00	-56.33	-0.23
Shanghai	3,574.15	0.94	0.03

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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