Market View 7th July, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets started the week with mixed performance. Japanese, South Korean, and Australian markets showed small declines, while Hong Kong futures also moved lower. Investors remained cautious ahead of the upcoming deadline for trade deals set by the US government. The possibility of higher tariffs is keeping market sentiment on edge. In the US, stock markets ended higher in the last trading session before the Independence Day holiday. Strong job data boosted confidence, with major indices like the Dow Jones, S&P 500, and Nasdaq all rising and hitting new record highs. Back home, Indian markets ended higher on Friday, breaking a two-day losing streak. However, both the Nifty and Sensex fell over the week after two straight weeks of gains. Broader market indices performed better than the benchmark indices during the week. Global investors are now closely watching developments on trade talks and economic signals to decide the next direction for the markets.

Key Quarterly Results for Today:

BODHTREE, DPL, ENRIN, ESARIND, MNIL, NECLIFE, TAKE, UMIYA.

Economic Calendar:

• USD: Fed’s Balance Sheet on 08^th July 2025.
• IND: Foreign Reserves USD on 11^th July 2025.
• USD: Mortgage Market Index on 09^th July 2025.
• IND: WPI Inflation for June (YoY) on 14^th July 2025.

 

Brokerage Radar:

MORGAN STANLEY ON ETERNAL:

Maintains Overweight with Target Price of Rs 320, Eternal has appointed a new CEO for the food ordering and delivery business, Leadership changes at the senior management level could have a mixed effect on sentiment, But we note that Zomato has continued to gain market share despite multiple changes over the last four years.

NUVAMA ON GCPL:

Buy, Target Rs 1,460, India volumes beat estimates, outlook strong, Most India segments performed, well HI India grew mid-to-high single digits on strong June recovery from new ads and favourable weather; aerosols weak, Soaps weak due to grammage cuts.

NUVAMA ON DABUR:

Buy, Target Rs 615, Q1FY26 update largely in line with estimates, Expect consolidated revenue to grow 2.1% YoY (vs 7% in Q1FY25), Domestic business to fall 3% YoY (vs +7% in Q1FY25), while international business to expand 17% YoY, HPC expected to perform well, healthcare to see double-digit growth led by Dabur Honitus.

MOSL ON PETRONET LNG:

Upgrade to Buy from Neutral, Target raised to Rs 410 vs Rs 315, At CMP, PLNG is pricing in an unrealistic scenario of a 20% decline in tariff at both the Dahej and Kochi terminals in FY28 with no tariff hike thereafter and 0% terminal growth, While concerns around a potential tariff cut in FY28 linger.

International Markets:

U.S & Europe:

*As per 07^thJuly.
**As per 03^rdJuly.

Asian markets:

Stocks strong on Chart:

Index	F&O	Cash
RELIANCE	IRFC	RALLIS INDIA
JIOFIN	IREDA	CEAT
BEL	DLF	BEML
WIPRO	ASHOKLEY	MAX ESTATE
INFY	PFC	NIPPON AMC
TCS	RECLTD	MINDACORP

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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