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The Nifty indices show resilience despite global challenges. Markets have matured, displaying buying interest near support zones. Shivangi Sarda of Motilal Oswal Financial Services highlights Titan as a preferred pick, anticipating festive season volume growth. NTPC requires caution, while Cummins India demonstrates strong positive momentum.
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News and Media
State Bank of India (SBI) surpassed D-Street expectations with a 12% increase in its June-quarter net profit, reaching 19,160 crore. This growth was primarily driven by higher treasury income and expansion in retail loans. The bank benefited from gains on government securities sales due to policy rate cuts and increased foreign exchange trading income.
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News and Media
Indian equity indices experienced a nearly 1% drop on Friday, marking their sixth consecutive week of losses due to concerns over the economic impact of US tariffs. Analysts anticipate continued selling pressure, with technical indicators suggesting further weakness. While foreign investors sold shares, domestic institutions were net buyers, and market volatility is expected to persist amid trade negotiation uncertainties.
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News and Media
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