Market Bizzz

Harsha Upadhyaya of Kotak AMC anticipates market consolidation due to a lack of significant triggers, but expects a modest earnings growth pickup in the second half of FY26. Credit growth improvements are predicted to contribute to a gradual market rise. Currently, they are overweight on domestic sectors like financials and cement, favoring resilience over export-oriented businesses, except for chemicals.

Oil India and GAIL India have extended their gas sale agreement for 15 years, effective July 1, 2025. Oil India will supply up to 900,000 SCMD of natural gas from its Rajasthan fields to GAIL, who will transport it for electricity generation by RRVUNL. This collaboration highlights the companies’ commitment to domestic gas production and distribution.

TCS is set to announce its Q1FY26 results, with expectations of modest profit growth between 1% and 3%. Revenue is projected to increase by 2.7% to 3.8% YoY. Analysts anticipate pressure from developed markets and a decline in BSNL revenues, while margins are expected to show sequential improvement. TCS’s Q4 results showed a profit decline but strong TCV.

Dharmesh Shah of ICICI Direct suggests Indian markets are consolidating with strong support around 25,200-25,100 on the Nifty. He recommends focusing on metals, real estate, and PSU banks for medium-term gains. Phoenix Mills is a top pick in real estate due to retail expansion, while JSW Infra is favored in logistics with a target of Rs 336.

BEL has signed a contract with the Indian Navy for the NMDA project to enhance maritime surveillance. The project includes AI-driven upgrades to the NC3I network and aims to strengthen coastal security through improved data sharing among maritime agencies.

Swiggy’s shares are recovering before the Q1FY26 results. The stock rose 27.9% from its low in May. Kotak Institutional Equities lowered its rating but raised the target price. They expect strong growth in food delivery and Instamart. ICICI Securities is also positive on Swiggy. Analysts suggest watching key support and resistance levels for trading.

Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Tata Motors shares may see focus as Jaguar Land Rover (JLR) reported a 10.7% YoY decline in wholesale units for Q1FY26, totaling 87,286 vehicles, impacted by Jaguar model wind-down and US tariffs. Retail sales also fell 15.1%. Despite volume declines, JLR prioritized high-margin vehicles, with Range Rover, Range Rover Sport, and Defender models comprising 77.2% of total wholesales.

Smarten Power Systems, a Delhi-based solar equipment manufacturer, is set to launch its IPO today. The company aims to raise Rs 50 crore through fresh issuance and offer for sale. The IPO will be priced at Rs 100 per share and will close on July 9. The proceeds will be used for expansion and working capital.

Amit Gupta from Motilal Oswal Private Wealth highlights emerging opportunities for Indian markets amidst geopolitical tensions. Focus shifts to sectors like semiconductors and rare earth elements. India’s significant rare earth reserves and rising copper prices present investment potential. Government initiatives to boost AC exports create opportunities in the consumer discretionary sector.