View on market: Volatility persists, eagerly searching for growth

Futures for major US and European stock indices were slightly higher early Wednesday, showing a cautious but positive tone. On Wall Street, stocks ended a winning streak, with all major indices closing lower as investors shifted attention from trade deals to upcoming economic reports and company earnings. The S&P 500 and Nasdaq edged down, while the Dow saw a bigger drop. In Asia, markets lacked clear direction as traders awaited the US Federal Reserve’s policy decision. A small step forward in US-China trade talks did not do much to lift sentiment. Japanese shares moved in a narrow range, South Korean and Australian markets were mostly flat, and Hong Kong futures dipped. In India, the stock market rebounded after three days of losses. Strong buying in large companies like Reliance and HDFC Bank helped lift the market. Realty and pharmaceutical stocks also performed well, helping the indices move above a key resistance level and end the day with gains.

Key Quarterly Results for Today:

ADFFOODS, ASAHIINDIA, ASTERDM, BASF, BIRLACORPN, CAMS, CEINSYSTECH, HYUNDAI, IGL, IIFL, INDIGO, INDUSTOWER, IONEXCHANG, ITDCEM, JBCHEPHARM, JINDRILL, JPPOWER, KAYNES, KPITTECH, MAHSEAMLES, MOIL, MOL, MOSCHIP, PNB, POWERGRID, POWERINDIA, RELAXO, SAGILITY, TATASTEEL, V2RETAIL, ZYDUSWELL.

Economic Calendar:

• USD: GDP Price Index (QoQ) (Q2) on 30^th July 2025.
• IND: Federal Fiscal Deficit (June) on 31^st July 2025.
• USD: Initial and Continuing Jobless Claim Data on 31^st July 2025.
• IND: RBI Monetary Policy and Credit Information Review on 31^st July 2025.

IPO Watch:

Company	Open	Close	Price (Rs/-)	View
Aditya Infotech Ltd.	29th July	31st July	640-675	Apply
NSDL	30th July	01st Aug	760-800	Apply

 

Brokerage Radar:

UBS ON TATA MOTORS:

Maintain Sell with TP of Rs 690, Media report indicates Iveco Group is near to selling its commercial trucking business to Tata Motors, If true, Tata Motors may have to spend over €1.5bn, on the basis of Iveco’s valuation, This is including mandatory open offer that would be triggered under regulations.

JEFFERIES ON ADANI GREEN:

Maintain Buy with TP of Rs 1300, Better utilisation helps EBITDA surprise by 3%, Q1FY26 EBITDA was up 26% YoY driven by 42% YoY generation growth, Capacity addition pace picked up in Q1 and has continued with 1.6 GW added in Q1, Raise our FY26E-28E EBITDA assumptions by 4-5% to factor Q1.

MORGAN STANLEY ON ASIAN PAINTS:

Maintain Underweight with TP of Rs 1909, Focus on Driving Growth; Competitive Intensity to Persist, Early green shoots in demand visible in urban markets, Near term, volume and value growth are expected to be in single-digits, July demand trends were similar to Q1.

INVESTEC ON L&T:

Maintain Buy; Hike TP to Rs 4460 from Rs 4115, Beats on most fronts; strengthens confidence further, Order inflows robust; strong visibility, Impressive working capital mgmt., L&T has won multiple orders in the Middle East, which should be booked in Q2, and feel it is likely to surpass its guidance.

International Markets:

U.S & Europe:

*As per 30th July.

Asian markets:

Particulars	30th  July	Chg.	Chg.(%)
GIFT Nifty	24,799.00	-39.80	-0.16
Nikkei	40,660.00	-14.55	-0.04
Straits Times	4,225.31	-4.10	-0.10
Hang Seng	25,398.00	-126.45	-0.50
Shanghai	3,628.07	18.36	0.51

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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