Market View 10th July, 2025

View on market: Volatility persists, eagerly searching for growth

Global markets showed a mixed trend on Wednesday. Asian shares opened with varied movements, reflecting cautious investor sentiment. In the US, stock markets ended higher, driven by gains in large technology companies. Sectors like utilities and information technology performed well, and a major chipmaker briefly became the most valuable company ever. Despite concerns about new tariffs, investors continued to focus on growth in tech, pushing stocks upward. European futures moved slightly higher, suggesting some optimism, while US futures slipped a little, pointing to some hesitation ahead. Back home in India, the stock market took a breather after three days of gains. Benchmark indices closed lower, weighed down by losses in major companies like a leading energy giant and a top private bank. Intraday, markets saw further declines before partially recovering by the close. Overall, market movements were cautious but focused on long-term growth themes.

Key Quarterly Results for Today:

ACEEDU, AJEL, ANANDRATHI, ATHARVENT, EIMCOELECO, FUTURAPOLY, GROARC, GTPL, IREDA, ITHL, NETLINK, OSWALPUMPS, SILVERLINE, STELLANT, TATAELXSI, TCS, TELECANOR.

Economic Calendar:

• USD: Initial and Continuing Jobless Claim Data on 10^th July 2025.
• IND: Foreign Reserves USD on 11^th July 2025.
• USD: Federal Budget Balance (Jun) on 11^th July 2025.
• IND: WPI Inflation for June (YoY) on 14^th July 2025.

 

IPO Watch:

Brokerage Radar:

MS ON PRESTIGE ESTATES:

Maintain Overweight with TP of Rs 1700, Q1 Beat: Presales Rebound on Launches Execution, Beat led by stronger inventory sale, Well-positioned to meet the target, Upcoming hotel listing should help alleviate leverage concerns.

JPMORGAN ON COAL INDIA:

Maintain Neutral with TP of Rs 415, Should deliver monthly volume growth from July/August as base turns more favorable, Base favourable owing to weakening power demand trends, stable inventory at thermal power plants and steady rise in volumes from captive mines.

HSBC ON AXIS BANK:

Maintain Buy with TP of Rs 1430, FY25 Annual Report highlights improvement in granular liabilities, control on costs and stable fee contributors, Increase in salary accounts, cut-back in certain cost heads and sharp growth in bancassurance fees are positives, Small improvements can be big stock catalysts.

MS ON POWER FINANCIERS:

REC – Initiate Overweight with TP of Rs 485, PFC – Initiate Overweight with TP of Rs 508, Financing India’s energy transformation, Stocks – out of favour over the past nine months after being popular in 2023 and 2024, Screen attractive on both absolute and relative risk-reward.

International Markets:

U.S & Europe:

*As per 10^thJuly.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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