Market View 29th August, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian markets opened quietly after US stocks touched another record high on strong economic data. Japan and Australia slipped while South Korea managed small gains. Hong Kong shares edged higher. US equities advanced with both the S&P 500 and Nasdaq climbing, supported by signs of a healthy economy and job market. Nvidia’s mixed results did not prevent overall gains. Futures trading in the US and Europe stayed steady as investors waited for inflation numbers due soon. Indian benchmarks closed lower for a second day, pressured by new trade tariffs from the US and the expiry of monthly and weekly contracts. Trade talks remain uncertain, adding to caution. Policy & Economy Prime Minister Narendra Modi begins a visit to Japan to seek large investment pledges. Domestically, growth data for the April–June quarter will be released, with economists expecting steady expansion. Key companies will also hold their annual shareholder meetings.

Economic Calendar:

• USD: PCE Price Index Data on 29^th August 2025.
• IND: GDP Quarterly (Q2) on 29^th August 2025.
• USD: S&P Global Manufacturing PMI (Aug) on 02^nd September 2025.
• IND: S&P Global Manufacturing PMI (Aug) on 01^st September 2025.

Company	Open	Close	Price (Rs/-)	View
Amanta Healthcar Ltd	Sept 01st	Sept 03rd	120-126	Under Review

Brokerage Radar:

MOSL ON DR AGARWAL’S HEALTH CARE:

Target Price Rs 530 (Maintain Buy), Merger synergies to drive EPS accretion, Proposed merger of Dr. Agarwal Eye Hospital (AEHL) and Dr. Agarwal Healthcare (AHCL), Completion is expected in 12-24 months, subject to approvals, On a pro forma basis, minority interest related to the 28% stake of public shareholding in AEHL will be eliminated, The transaction is expected to be EPS-accretive for AHCL by 5-7% for FY27.

UBS ON PAYTM:

Target Rs 1,250 Earlier Target Rs 1,100 Recommendation Neutral, Revenue scale-up critical for next phase, Payment business margin could improve over FY25-27E, Costs likely to inch up from here, Trading in line with internet peers vs discount historically.

UBS ON TVS MOTOR:

Target Rs 3,475 Recommendation Buy, Orbiter launch to strengthen EV position, Orbiter launched with attractive pricing targeting youth, Given the features, Orbiter is priced very competitively, Competition to heat-up in the e2W space with the recent launches.

BOFA ON IT SECTOR:

BofA India IT Services Indicator: A stable reading after 9 months of dip, Stable reading for the month was helped by the macro components of the indicator, Global Services PMI, Global ERR, US Business applications – that contributed positively to the reading, These helped offset the weaker reading in industry specific components.

International Markets:

U.S & Europe:

*As per 29^thAugust.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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