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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

July 31, 2025

  • Daily Morning Report        Date: 31.07.2025
  • NIFTY OUTLOOK: 24855.05 FII -850.04 cr DII 1829.11 cr
  • As discussed yesterday, market behaviour remained in line with expectations. Nifty respected our support of 24770 at the open and rallied up to 24902, before settling at 24855.05 at close.
  • A hammer-like candle on the daily chart indicates buyers are gaining control. If Nifty successfully crosses 24904, it may rally to 24953–25006. With stronger demand, it could test 25051.
  • On the downside, 24806–24751 may act as immediate support. A sustained break below these levels could drag Nifty down to 24708–24659.
  • Bank Nifty OUTLOOK:
  • SPOT: 56150.70 PCR: 0.58 Max CE OI at 57000 & Max PE OI at 56000
  • On 30th July 2025, Bank Nifty closed at 56150.70, down 0.13% from the previous day’s close. The index moved 256.60 points during the session, making a high of 56321.15 and a low of 56064.55.
  • Technical View (Daily Chart):
  • Key support and resistance levels are at 55900 and 56810 respectively.
  • Intraday Technical Strategy
  • Go long above 56820 with a stop loss of 56720 and target of 57110.
  • Go short below 56235 with a stop loss of 56335 and target of 55940.
  • Indicators & SMA Analysis
  • RSI stands at 44.10 (below 30 is oversold, above 70 overbought).
  • Bank Nifty is trading above 3 out of 8 SMAs (100, 150, 200-day)
  • Trading below 5 out of 8 SMAs (5, 10, 20, 30, 50-day)
  • No active candlestick pattern identified.
  • Macros
  • 1. Dollar index @ 99.492
  • 2. S&P vix @ 15.48 ( -3.13 % )
  • 3. Brent crude @ 72.36
  • 4. US 10 years bond yield @ 4.355
  • Note:
  • The Federal Reserve held interest rates steady, as expected. However, cautious comments from officials have reduced hopes for a rate cut in September. While U.S. economic growth rebounded more than expected in Q2, the improvement was largely due to falling imports. Domestic demand grew at its slowest pace in two-and-a-half years, indicating underlying weakness.
  • In Indian equities, Trump’s 25% tariff and related penalties are expected to be announced shortly. A knee-jerk reaction may follow, but with FIIs' net long positions at 14%, a deep correction is unlikely. The 24500–24300 zone may act as strong support.
  • Investors should stay cautious and keep buying positions light. Stock-specific movements are likely based on earnings.
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • Fed's Powell: Tariffs have exerted pressure on some goods but wider impact uncertain.
  • @beatthestreet10
  • Fed's Powell: Inflation is somewhat above the target
  • Despite uncertainty, economy remains in solid position.
  • The current stance of policy leaves us well-positioned to respond in a timely way.
  • @beatthestreet10
  • Fed's Powell: Moderation in growth reflects slowdown in consumer spending
  • @beatthestreet10
  • Fed's Powell: A wide set of indicators suggest that the job market is near maximum employment.
  • Labor market conditions are broadly in balance and unemployment remains low.
  • @beatthestreet10
  • Fed's Powell: I expect PCE up 2.5% and core up 2.7% in the 12 months through June.
  • Tariffs are pushing up some goods prices.
  • Most measures of longer-run inflation expectations are consistent with the Fed's goal.
  • @beatthestreet10
  • Fed's Powell: A reasonable base case is a short-lived tariff inflation impact.
  • @beatthestreet10
  • Jayaswal Neco in focus
  • Asset Care ARC has left with just 5% stake after series of stake sale in last few weeks
  • @beatthestreet10
  • Lenders look to sell Jaiprakash Power's convertible shares in open market | Markets News - Business Standard https://share.google/ZLltA27dIYMe3XxyH
  • @beatthestreet10
  • Avendus stays bullish on M&M—backs EV push, strong ICE growth & solid tractor outlook. TP revised to ₹3,650
  • Impact of 25% US Tariff Hike :
  • Hardest Hit Sectors:
  • Textiles/Apparel: KPR Mill, Gokaldas
  • Pharma: Sun Pharma, Dr. Reddy's
  • Electronics: Dixon, Amber
  • Auto Parts: Motherson, Bharat Forge
  • Machinery: L&T
  • Agro: KRBL, Avanti
  • Gems/Jewellery: Titan
  • IT Sector (TCS, Infosys): May benefit indirectly from INR depreciation, boosting USD revenues.
  • @beatthestreet10
  • Impact on Indian Exports and Economy:
  • * Reduced Competitiveness: A 35% additional cost makes Indian goods considerably more expensive in the U.S. market, severely impacting their competitiveness. This would likely lead to a significant decline in demand for Indian exports to the US.
  • * Affected Sectors: Key Indian export sectors that would bear the brunt include:
  • * Automobiles and auto parts
  • * Steel and aluminum
  • * Smartphones and electronics (especially assembly partners for US brands)
  • * Marine products
  • * Gems and jewelry
  • * Various food categories (dairy, processed food, tea)
  • * Textiles and apparel (though some lines might see a mixed outcome depending on other global tariffs).
  • * Economic Slowdown: Economists estimate a potential 0.2-0.5% hit to India's GDP if these tariffs persist, with the sharpest impact on export-driven MSMEs (Micro, Small, and Medium Enterprises) and manufacturing hubs.
  • * Currency Depreciation: The Indian Rupee has already shown signs of weakening in anticipation of reduced dollar inflows due to decreased exports.
  • * Diversification Pressure: Indian exporters would be forced to seek new markets (e.g., EU, Middle East, ASEAN) or absorb steep margin losses.
  • * Exemptions (for now): Pharmaceuticals, semiconductors, and critical minerals have been noted as currently exempt from these new measures.
  • Impact on Nifty:
  • * Negative Market Sentiment: The announcement of such substantial tariffs and penalties would create widespread negative sentiment in the market. This kind of geopolitical and trade uncertainty typically leads to a sell-off in equities.
  • * Export-Oriented Stocks Hit Hard: Companies heavily reliant on exports to the U.S. would see their stock prices plummet. This includes companies in the auto, textiles, electronics manufacturing, and jewelry sectors.
  • * Broader Market Decline: Even companies not directly exporting to the U.S. might be affected by the overall economic slowdown and reduced consumer confidence within India.
  • * FII Outflows: Foreign Institutional Investors (FIIs) tend to withdraw capital from markets facing significant economic headwinds and geopolitical risks, which would put further downward pressure on the Nifty.
  • * Sectoral Impact:
  • * Automobiles: Manufacturers and component suppliers would likely see significant declines.
  • * Metals: Steel and aluminum producers would be impacted.
  • * IT Services: While generally not subject to these tariffs, a broader economic slowdown in India could indirectly affect demand for IT services domestically.
  • * Consumption Stocks: Reduced economic activity and job cuts in export sectors could dampen domestic consumption, affecting consumer discretionary stocks.
  • In summary, a 35% effective tariff on Indian goods, driven by a 25% tariff and a 10% penalty for Russia ties, would be a severe blow to India's export economy. This would almost certainly lead to a significant "Nifty down" scenario as investor confidence plummets and corporate earnings are negatively impacted across various key sectors.
  • @beatthestreet10
  • Zee Learn
  • Intimation Of The Order Passed By Hon''ble National Company Law Appellate Tribunal ('NCLAT'), New Delhi
  • 1d - NCLAT permits withdrawal of CIRP appeal for Digital Venture Pvt Ltd based on settlement with creditor.
  • @beatthestreet10
  • *CLSA on India Strategy: Trump Tariff Impact*
  • India's safe haven status questioned amid US-Russia tensions
  • Indian equities face more pressure amid tariff uncertainty
  • FIl flows may decline due to geopolitical instability
  • Russian crude imports at risk, hitting energy security
  • Refiner margins threatened by potential oil supply disruption
  • Exporters like electronics may lose US demand optimism
  • Pharma and IT sectors may face tougher regulations
  • India's US-Russia balance becomes increasingly difficult
  • *MS on Trump Tariff*
  • At an aggregate level, India's goods exports to US are 2.2% of GDP
  • This implies a less severe direct impact of tariff-related developments
  • Further, nuances will emerge at the sector level on the basis of the tariff differential with other economies and exposure to the US
  • Remain watchful of the developments from the next round of negotiations
  • *Nuvama on Trump Tariffs*
  • India's goods exports to the US may be hurt, but it is small as a share of GDP
  • Some loss in exports to the US could be offset by redirecting exports to other nations
  • Recent INR weakness, if it sustains, could also work to limit the tariff impact
  • Bigger implication of the US tariffs could be the shrinking of US trade deficit, especially amid weaker USD and higher rates
  • *Elara Sec on Trump Tariffs*
  • See 30 bps drag on India growth in case of no deal with US
  • Direct impact of higher tariffs is likely to be felt on pharma, auto ancillaries, industrial machinery and gems and jewellery exports
  • The INR weakness could benefit the IT sector
  • Post 25% tariff imposition, India's rate is higher than Vietnam, the Philippines, and Indonesia
  • *Investec on Tata Motors*
  • Maintain Hold with TP of Rs 740
  • To acquire Iveco (excl. defense) for $4.5bn
  • Another rickety ride in the offing
  • Acquisition is sizeable and is expected to have positive implications on PAT
  • This acquisition is margin dilutive and would also have lower growth prospects vs TAMO's India operations
  • *Nuvama on Tata Motors*
  • Nuvama maintains Reduce on Tata Motors; target price at Rs670
  • Proposed Iveco acquisition (ex-defence) at €3.8 bn to strengthen global CV presence
  • Deal implies a 4x CY24 EV/EBITDA valuation
  • Estimated to be EPS accretive by ~4% on a consolidated basis
  • Fair value upside of ~2% from the acquisition, applying same multiple
  • Key risk: potential sales down-cycle in EU and US CV markets impacting near-term earnings
  • *Jefferies on M&M*
  • Maintain, Equal Weight, TP Rs4,000
  • Delivered 13th Consecutive Quarter Of Double-digit EBITDA Growth
  • Continue To Gain Market Share In SUVs & Rose To #2 Position In PVs
  • Expect Mid-to-high-teen SUV Growth In FY26 & Will Launch 3 New SUVs In CY26
  • Tractor Demand Has Also Improved
  • One Of Our Preferred Buys For Its Strong 18% Core EPS CAGR Over FY25-28
  • *MS on M&M*
  • Maintain Overweight with TP of Rs 3668
  • Q1 - In-line; 2026 & Beyond Pipeline in Focus
  • M&M is confident of achieving its mid to high teen UV growth guidance in FY26
  • 15th August platform launch and Analyst day in November is key to track
  • Could give confidence on M&M sustaining in-line to ahead of industry growth
  • *Avendus on M&M*
  • Avendus maintains Buy on M&M; revises target price to Rs3,650 (from Rs3,700)
  • Positive on M&M's formal EV entry via Born EV platforms BE 6 and XEV 9e
  • Core ICE business to remain strong, backed by capacity expansion & robust order book
  • Projects ~19% automotive volume CAGR through FY25-FY27E
  • Tractor volumes expected to grow at mid-single digits, aided by healthy reservoir levels
  • Margins may face pressure from rising EV contribution
  • Target price based on SOTP valuation at 27x FY27E EPS
  • *Nomura on IGL*
  • Maintain Neutral with TP Of Rs 210
  • Q1 miss on soft margins and volumes
  • Margin was impacted due to revised rates of trade margins being paid to OMCs
  • *MS on IGL*
  • Maintain, Equal Weight, TP Rs180
  • Prefer MGL Over IGL Given Limited Near-term Drivers
  • Expect 10% Volume CAGR Over F25-F28
  • Margin Recovery Remains Contingent On Further Price Hikes
  • Will Require Additional 3-4% Price Hike To Maintain Mid-cycle Profitability
  • @beatthestreet10
  • *MS on IndiGo*
  • Maintain Overweight with TP of Rs 6502
  • Impressive Performance in a Turbulent Quarter
  • Q2 will be muted but expect strong Q3 for Indigo and thus should support outperformance
  • See scope for multiple rerating
  • Domestic industry market shares have consolidated
  • *Avendus on Indigo*
  • Avendus maintains Add on InterGlobe Aviation; raises target price to Rs5,800 (from Rs5,550)
  • Remains constructive on Indigo's long-term growth, near-term risk-reward seen as balanced
  • Indigo holds a 64% domestic market share (1QFY26)
  • Largest global orderbook with 900+ pending aircrafts as of June 2025
  • FY26/27E capacity growth revised lower due to cautious additions and faster lease exits
  • Forecasting ASK/RPK CAGR of 13%/13% (FY25-27E) and RASK-CASK at Rs0.50/Rs0.46 for FY26/27
  • Assuming USD-INR at Rs87.2 and crude at $68/bbl through FY26-27
  • Indigo valued at 25x FY27E EPS, driving TP of Rs5,800
  • *MS on PNB*
  • Maintain Underweight with TP of Rs 100
  • Good asset quality; core PPoP miss
  • Credit costs were negative 17bps helped deliver RoA of 0.4%
  • Core PPoP margins, however, continued to moderate
  • Think RoA will remain low in F27 and beyond
  • *Antique on PNB*
  • Target price Rs 123 vs Rs 110 (maintain Hold)
  • In-line op. performance; one-off tax impact led to lower profitability
  • NII in-line with estimate, profit impacted by one-off tax impact
  • Loan growth moderated, healthy growth seen in MSME portfolio
  • Slippages declined sequentially; credit cost remained low
  • Expect RoA of 0.8%/ 0.9%/ 1.0% and RoE of 12%- 14.5% over FY26-28E
  • Upside risk: Higher than expected credit growth outlook (CAGR: 12% over FY25-28E)
  • *MS on Kaynes Tech*
  • Maintain Equal-weight with TP of Rs 6155
  • Q1: Margin beat on favorable mix
  • PAT beat led by stronger EBITDA margins, higher other income and lower tax rate
  • *GS on Avenue Supermarts*
  • Maintain Neutral; Hike TP to Rs 3450 from Rs 3400
  • Store expansion to accelerate
  • Acceleration will lead to margin pressures, negative free cash flows and increasing debt
  • Not planning to pivot their e-commerce to quick commerce
  • Focus on improving store experience, but that is leading to higher store costs
  • *Jefferies on Navin Fluorine*
  • Maintain Buy; Hike TP to Rs 6025 from Rs 5280
  • Q1 Review: Refgas Led Beat; Strong Earnings Growth Visibility
  • Focus is on monetizing Rs 2000 cr of capex commissioned in past 3 yrs by entering into LT contracts
  • See improved asset turns and 36% EPS Cagr over FY25-27E
  • Have upgraded FY26/27E PAT 16%15%
  • *Macquarie on Tata Steel*
  • Maintain Outperform with TP of Rs 181
  • Q1: Domestic Inline; EU surprises positively
  • EU margins were helped by higher steel prices
  • Capacity ramp up to aid volume growth
  • *BofA on Info Edge*
  • Downgrade to Underperform from Buy; Cut TP to Rs 1360 from Rs 1740
  • Downgrade to Underperform on modest hiring trends & medium-term headwinds
  • Turning more cautious: Jobs billing growth to stabilize
  • Gen AI: Headwinds for medium term industry hiring trends
  • Risks to core stub de-rating on modest hiring environment
  • @beatthestreet10
  • ICICI BANK
  • Reasons for levying cost
  • ICICI Bank pays NPCI for all costs linked to UPI payments routed through it
  • Payment aggregators levy a platform cost to merchants
  • @beatthestreet10
  • INTERGLOBE AVIATION (INDIGO) – Q1 FY26 CONCALL HIGHLIGHTS
  • • Capacity Outlook:
  • – For Q2 FY26, the company expects ASK (Available Seat Kilometers) growth in the mid to high single digits YoY.
  • – For the full year FY26, IndiGo continues to maintain its guidance of early double-digit capacity growth, backed by fleet additions and network expansion.
  • • Revenue Metrics:
  • – Passenger unit revenue (RASK) for Q2 FY26 is expected to remain broadly in line with Q2 FY25, indicating a stable pricing environment despite macro uncertainties.
  • • Cost Structure:
  • – The company expects its CASK (Cost per Available Seat Kilometer) ex-fuel, ex-forex for FY26 to remain similar to FY25 levels, reflecting a disciplined cost approach amid inflationary pressures.
  • • Growth Outlook:
  • Management is optimistic about a strong rebound in Q3 and Q4 FY26, supported by seasonal demand, international network expansion, and recovery in discretionary travel.
  • • Service Enhancements:
  • IndiGo has introduced complimentary hot meals and beverages featuring Indian brands on its new European routes, aiming to enhance passenger experience and improve its premium positioning in international markets.
  • @beatthestreet10
  • SHARE INDIA – Q1 FY26 RESULTS HIGHLIGHTS
  • • Consolidated Net Profit stood at ₹84 Cr,
  • – Up 349% QoQ
  • – Down 18% YoY
  • • Revenue came in at ₹341 Cr,
  • – Up 43% QoQ
  • – Down 18% YoY
  • • EBITDA rose to ₹138 Cr,
  • – Up 164% QoQ
  • – Down 6% YoY
  • • EBITDA Margins improved sharply to 40.5%,
  • – vs 21.8% QoQ
  • – vs 35.4% YoY
  • @beatthestreet10
  • CLSA ON INDIA
  • Trump’s 25% Tariff & Its Implications
  • Tariff announcement Raises questions on India’s “safe haven” status due to growing friction with the US and strong ties with Russia
  • Tariffs and penalties make India's “safe haven” narrative difficult to sustain
  • Hopeful of India-US relations improving gain in medium term , this near term uncertainty could further impact already underperforming though expensive Indian Equity Market
  • Potential hit to foreign investment flows (FII) due to uncertainty and geopolitical positioning
  • Crude oil imports from Russia could be disrupted—impacting India’s energy security and pricing
  • Action will reduce optimism for exporters like electronic manufactures
  • Indian refiners have gained from cheaper Russian crude oil, and these could be a hit adversely
  • Comments to make investors worry on less favorable regulations in sectors like Pharma & IT
  • India had so far balanced ties with both the US and Russia—Trump’s comments now challenge this positioning
  • @beatthestreet10
  • Market opens lower after USPresident DonaldTrump announces 25% tariff on India, Nifty below 24,700
  • KOTAK MAH AMC MGMT SAYS
  • Market Is In A Perfect Storm Right Now; Valuations Are High
  • Domestic Investors Will Need To Keep A Long-term View
  • We Are Now Probably Placed On The Slightly Unfavorable Side w.r.t US Tariffs
  • U-Turn In US Policy Is Possible, Long-term Strategic Objectives Of US & India Are Aligned
  • Hope That India Will Focus On Accelerating Domestic Growth
  • @beatthestreet10
  • TEXTILE STOCKS UNDER PRESSURE
  • All major textile stocks with a market cap above ₹1,100 crore are trading in the red today, indicating broad sectoral weakness:
  • • Trident ↓ 3.2%
  • • Vardhman Textiles ↓ 3.5%
  • • Welspun Living ↓ 6.0%
  • • Alok Industries ↓ 3.5%
  • @beatthestreet10
  • KOTAL AMC Ceo Says Market Is In A Perfect Storm Right Now; Valuations Are High
  • Domestic Investors Will Need To Keep A Long-term View
  • We Are Now Probably Placed On The Slightly Unfavourable Side w.r.t US Tariffs
  • U-Turn In US Policy Is Possible, Long-term Strategic Objectives Of US & India Are Aligned
  • Hope That India Will Focus On Accelerating Domestic Growth
  • @beatthestreet10
  • RIL , OMCs : Trump Says, I don’t care what India does with Russia ( Very Harsh Words )
  • @beatthestreet10
  • RIL , OMC : Trump Says, I don’t care what India does with Russia
  • THEY CAN TAKE THEIR DEAD ECONOMIES DOWN TOGETHER FOR ALL I CARE
  • @beatthestreet10
  • RIL, OMC s : Petroleum Ministry Assessing Impact Of Potential Tariff Penalties : Sources - NDTV PROFIT
  • Petroleum Ministry Awaiting Clarity Through Executive Order On Specific Measures
  • Indian Refiners Have Diversified Their Crude Basket, Adding Suppliers Such As US, Brazil
  • India May Turn To Alternative Sources, If Russian Crude Supply is Disrupted
  • @beatthestreet10
  • India Energy Bill Expected To See Spike : Sources- NDTV PROFIT
  • @beatthestreet10
  • Don't Think Markets Need To Be Too Concerned With Tariffs ; Axis Sec
  • @beatthestreet10
  • TRUMP'S TARIFFS PICTURE
  • India 25% + penalty
  • EU 15%
  • Japan 15%
  • Indonesia 19%
  • Vietnam 20%
  • S Korea 15%
  • @beatthestreet10
  • PAYTM: ICICIBANK TO START LEVYING FEE ON PAYMENT AGGREGATORS PROCESSING UPI TRANSACTIONS
  • @beatthestreet10
  • BharatForge down over 2.5% as #USTariff increases on non-PV components.
  • The negative impact is likely due to reduced underlying demand and partial absorption of tariffs
  • @beatthestreet10
  • Brigade Hotel Ventures Limited is now officially listed!
  • Jul 31, 2025
  • IPO Price: ₹90
  • Lot size: 166 Shares
  • Investment: ₹14,940/-
  • Listing: ₹81.10 (-9.89%)
  • Loss per Lot: ₹1,477/-
  • MAIN BOARD IPO LISTING REPORT CARD FOR TODAY
  • BRIGADE HOTEL
  • IPO PRICE: 90
  • LOT SIZE - RETAIL: 166
  • LOT SIZE - SHNI: 2324
  • LOT SIZE - BHNI: 7012
  • LOT SIZE - SH: 782
  • LISTING PRICE: 81.10(-8.90₹,-9.89%)
  • LISTING LOSS - RETAIL: 1477/-
  • LISTING LOSS - SHNI: 20683/-
  • LISTING LOSS - BHNI: 62406/-
  • LISTING LOSS - SH: 6959/-
  • HUL Q1 V ESTIMATES
  • NET PROFIT AT 2732 CR V EST 2535 CR
  • REVENUE AT 15,931 CR V EST 15,945 CR
  • EBITDA AT 3558 CR V EST 3595 CR
  • MARGINS AT 22.3 % V 22.5 %
  • @beatthestreet10
  • HUL ; NOTE : FROM TOMORROW, NEW CEO PRIYA NAIR WILL JOIN CO. AS CEO
  • @beatthestreet10
  • HUL acquired 90.5% stake in Minimalist brand owner USPL for ₹2,706 cr on 21st April 2025
  • @beatthestreet10
  • India VIX decreased by 2.77% to close at 11.21 touching an intraday high of 11.78 -
  • @beatthestreet10
  • Trump’s 25% tariffs could shake Indian markets & hit key export sectors! Experts weigh in on the impact & what’s next
  • GEOJIT FINANCIAL : BNP PARIBAS SOLD 2.07 % STAKE BETWEEN 4-29 JULY
  • STAKE REDUCED TO 22.36 % FROM 24.43 % EARLIER
  • @beatthestreet10
Panchkarma