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View on market: Volatility persists, eagerly searching for growth

Asian markets opened mixed on Wednesday, reacting to uncertain signals from U.S. inflation data. Investors became cautious, reducing expectations of interest rate cuts by the Federal Reserve. While Japan’s markets saw slight gains, others like South Korea and Australia experienced losses. On Wall Street, the S&P 500 slipped for the second time in three sessions. Gains from a positive inflation report were outweighed by weak earnings from some major banks. The Dow Jones declined, but the Nasdaq managed a small gain to hit a new record. In India, markets ended higher on Tuesday after four days of losses. Positive momentum in auto and financial stocks supported the recovery. However, HCL Technologies declined after disappointing quarterly results. Overall, global markets remained cautious amid mixed signals from economic data and company earnings, keeping investors on edge as they watched for further signs on future interest rate moves.

Key Quarterly Results for Today:

ANGELONE, AXTEL, DBCORP, HEUBACHIND, ITCHOTELS, IXIGO, JTLIND, KALPATARU, LOTUSCHO, LTTS, ONWARDTEC, ORIENTHOT, RIIL, SWITCHTE, TANFACIND, TECHM, TREEHOUSE, TWIROST, VARUNME.

Economic Calendar:

  • USD: PPI Index Data on 16th July 2025.
  • IND: Bank Loan and Deposit Growth Rate on 18th July 2025.
  • USD: Crude Oil Inventories Data on 16th July 2025.
  • IND: Foreign Reserves USD on 18th July 2025.

IPO Watch:

Company Open Close Price View

Anthem Biosci Ltd

July 14 July 16 540-570 Apply

Brokerage Radar:

MACQUARIE ON ICICI LOMBARD:

Maintain Outperform with TP of Rs 2255, COR stable, growth remains muted, Q1: Higher investment income drives PAT beat, COR trends continue to remain better than industry, Believe ICICI Lombard has the potential to deliver sustainable improvement in underwriting profitability.

JPMORGAN ON AWL AGRI:

Maintain Underweight with TP of Rs 260, Earnings lag in a slow quarter, Edible oil – Muted volume growth weighed down by palm oil, For the Food & FMCG segment, the focus will be on reviving revenue growth even as margins may moderate sequentially.

MACQUARIE ON HDFC BANK:

Maintain Outperform with TP of Rs 2400, HDB first quarter after listing – weak performance, The only saving grace was margins expanded 10bps QoQ mainly due to better asset yields, Full impact of RBI’s cut in repo rate on cost of funds is yet to be felt in margins, Implications for other NBFCs – weak vehicle finance performance.

CITI ON HDFC LIFE:

Maintain Buy; Hike TP to Rs 975 from Rs 935, Steady quarter; diversified and agile business model at play, Margin increases across products, Scaling up distribution franchise, Business agility warrants premiums.

International Markets:

U.S & Europe:

Particulars     15th  July   Chg. Chg.(%)
Nasdaq 20,677.80 37.47 0.18
Dow 44,022.89 -436.76 -0.98
FTSE 8,938.32 -59.74 -0.67
CAC 7,766.21 -41.96 -0.54
DAX 24,060.29 -100.35 -0.42
Dow Fut.* 43,979.43 -43.86 -0.10

*As per 16th July.

Asian markets:

Particulars   16th  July Chg. Chg.(%)
GIFT Nifty                  25,175 -90.60 -0.35
Nikkei 39,642.40 -35.62 -0.09
Straits Times 4,126.91 7.09 0.17
Hang Seng 24,744.71 154.59 0.63
Shanghai                         3,501.85 -3.15 -0.09

Stocks strong on Chart:

Index F&O Cash
RELIANCE IRFC RALLIS INDIA
JIOFIN IREDA CEAT
BEL DLF BEML
NTPC ASHOKLEY MAX ESTATE
ITC PFC NIPPON AMC
HDFC BANK RECLTD MINDACORP

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR 85.962 00
Brent 68.63 0.32
Gold 97,208 00
Silver 111,525 0.03

FIIs & DIIs:

Particulars       15th July        14th July
FIIs                          120.47 -1,614.32
DIIs 1,555.03 1,787.68

News Updates:

CFF Fluid Control:

Signed an agreement with Garden Reach Shipbuilders to enhance its naval and marine systems portfolio.
MTNL: Defaulted on bank loans and interest payments amounting to Rs 8,585 crore.
Biocon: Arm Biocon Biologics expanded its diabetes portfolio with FDA approval of Kirsty, the first and only interchangeable rapid-actinginsulin aspart in the United States.
TCS: Partnered with MIT Sloan Management Review to launch a new research series on the next phase of human and AI collaboration in large enterprises.
Source: Moneycontrol, Bloomberg Quint, Investing

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