Market View 08th August, 2025

View on market: Volatility persists, eagerly searching for growth

During Asian trading hours on Friday, US and European index futures moved higher, with optimism spilling over into parts of the Asian market. Technology stocks boosted Japanese shares, helping the regional benchmark advance, though some markets like South Korea and Australia slipped. In the US, stock indexes had a mixed finish. Early gains faded after a weak auction for long-term government bonds pushed Treasury yields higher. The Nasdaq managed to edge up, while the S&P 500 stayed almost unchanged and the Dow retreated. Indian markets staged a late recovery after a sharp intraday drop triggered by the US decision to double import tariffs on goods from India. A strong push from buyers in the final hour helped the Nifty close slightly higher, though the Sensex ended marginally lower. Overall, sentiment in global markets was cautious but supported by strength in select sectors, with investors weighing trade tensions against pockets of optimism in technology shares.

Key Quarterly Results for Today:

ABINFRA, ACE, AFCONS, BANCOINDIA, CHOLAHLDNG, CONCORD, DCMFINSERV, EQUITASBNK, EXCELINDUS, FRONTCAP, GENUSPOWER, HINDCOMPOS, HITECH, HITECHCORP, JKTYRE, KROSS, LAMBODHARA, LEMONTREE, MAHASTEEL, MANAPPURAM, MAXESTATES, MORGAN, NAUKRI, NCLIND, PGEL, POWERMECH, SBIN, SIEMENS, VOLTAS, ZENLABS.

Economic Calendar:

• USD: Fed’s Balance Sheet Data on 08^th August 2025.
• IND: Foreign Reserves (USD) on 08^th August 2025.
• USD: Crore CPI (YoY) (MoM) (July) on 12^th August 2025.
• IND: Bank Loan and Deposit Growth Rate on 08^th August 2025.

IPO Watch:

Brokerage Radar:

JEFFERIES ON HPCL:

Maintain Underperform; Hike TP to Rs 360 from Rs 315, Q1 Review: Operational miss; outlook weakening, Refining profitability outlook has weakened with challenge in sourcing Russian crude, Govt didn’t compensate LPG losses in Q1 as well.

JEFFERIES ON MAX FINANCIAL:

Maintain Buy with TP of Rs 1830, Q1: VNB Beat Led by Better Product Mix, Higher margins were driven by better product mix with stronger growth in retail protection, riders & Non-Par savings.

MORGAN STANLEY ON AU SFB:

Maintain Overweight with TP of Rs 860, RBI grants in-principle approval for Universal Banking License – A Big Positive, Allow AU Bank to improve its brand visibility, further boost liability franchise, and help sustain strong growth, License allows AU Bank to expand its product suite, customer base, and geographic reach.

CITI ON TITAN:

Maintain Buy; Hike TP to Rs 3900 from Rs 3800, 1QFY26: In-Line Growth and Profitability, Remain cautious on medium-term margins/profitability amid elevated competitive intensity, higher gold prices and adverse product mix, Aggressive store expansion by existing and new players implies need to invest in branding/marketing and higher discounting.

International Markets:

U.S & Europe:

*As per 08^th August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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