View on market: Volatility persists, eagerly searching for growth

Global markets began the week on a cautious note after President Donald Trump announced new tariffs on goods from the European Union and Mexico. This move led to a drop in US and European stock futures, while safe-haven assets like gold and bonds gained slightly. Indian markets extended their losses for the third day in a row, dragged down by major stocks such as HDFC Bank, Reliance Industries, and Tata Consultancy Services. Both the Nifty and Sensex ended the week lower, with significant losses in market value. In the US, stocks ended last week in the red as investors reacted to growing trade tensions. Most sectors declined, with technology and industrial shares among the worst hit. Asian markets started Monday on a mixed note. Japanese shares fell, while South Korea’s market gained. Investors are now waiting for China’s trade data to get a clearer view of how US tariffs are affecting trade flows and export strategies.

Key Quarterly Results for Today:

AIIL, BENARAS, CITADEL, DEN, ESARIND, GGAUTO, GOWRALE, GSBFIN, HATHWAYB, HCLTECH, INDERGR, INFOMEDIA, KESORAMIND, KIRANSY-B, NELCO, OLAELEC, RALLIS, RGF, ROYALIND, SAMBHV, SHARPINV, SPACEINCUBA, SSWRL, TATATECH, TEJASNET.

Economic Calendar:

• USD: CPI Index Data on 15^th July 2025.
• IND: WPI Inflation for June (YoY) on 14^th July 2025.
• USD: PPI Index Data on 16^th July 2025.
• IND: Export and Import Data on 15^th July 2025.

IPO Watch:

Brokerage Radar:

NUVAMA ON AVENUE SUPERMARTS:

Target price: Rs 4,086, Hold rating, We estimate pressure on margins to continue given the competitive trends; hence, we are cutting FY26E/27E PAT by ~6%/8%, A roll-forward to Q1FY28E PAT yields a revised TP of INR 4,086 (INR 4,273 earlier); maintain ‘HOLD’.

JEFFERIES ON SUPREME INDUSTRIES:

Maintain Buy with TP of Rs 5150, Despite high base, volume growth revived to 10% YoY in Apr-May25 possibly led by channel restocking, PVC price is near 15-year lows, Premium VAS sales grew by +12%YoY, which bodes well for margins.

ELARA SEC ON SWIGGY:

Initiate Accumulate with TP of Rs 450, Food delivery shows improvement, Instamart – long haul for positive adj. EBITDA, Huge total addressable market (TAM) to capture growth, SWIGGY has a large growth opportunity and execution headroom.

B&K ON LANDMARK CARS:

Initiate Buy with TP of Rs 820, Bottoming out of profit cycle – ready to revive, Cost rationalisation activities complete, Remains a business with high entry barriers backed by experienced management.

International Markets:

U.S & Europe:

*As per 14^th July.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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