Market Bizzz

Reliance Industries reported its highest-ever quarterly net profit of ₹26,994 crore in Q1FY26, up 78% YoY, driven by strong growth in telecom, retail, and oil-to-chemicals segments. Jio crossed 200 million 5G users, while retail and Jio-bp delivered solid gains.

Jio Financial Services reported a 3.8% YoY rise in Q1 profit to Rs 325 crore, with revenue jumping 47% to Rs 612 crore. While long-term technicals remain strong, the stock is trading below short-term averages. Analysts maintain a ‘Hold’ rating.

Shibani Sircar Kurian suggests Indian markets have shown resilience amid global uncertainties, but have recently underperformed emerging markets. Corporate earnings growth is crucial for future market direction, with expectations of improvement in the second half of the fiscal year. While underweighting mid and small caps, a bottom-up approach focusing on strong companies with earnings visibility is favored.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

Mihir Vora of Trust MF suggests a cautious market approach. Government spending drives infrastructure, power, and telecom sectors. Rural financing shows promise. Focus shifts from large-cap and IT to domestic segments. Consumer discretionary items, like AC stocks, offer value. The market awaits growth signals and earnings reports. Retail NBFCs and niche banks may outperform.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level is a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

HDB Financial Services experienced a 2% decline in net profit for Q1FY26, settling at Rs 568 crore. Despite this dip, Net Interest Income surged 18% to Rs 2,092 crore, fueled by robust loan growth. However, a sharp rise in provisions and a weakening asset quality, with gross stage 3 loans climbing to 2.56%, impacted overall profitability.

Siddharth Vora of PL Asset Management suggests a range-bound market with a shift to ‘buy on dip’ sentiment. While positive triggers seem priced in and valuations aren’t cheap, a runaway rally is unlikely.

Vikas Khemani of Carnelian Asset Management is optimistic about India’s economic future. He believes the RBI’s actions are crucial for market direction. Khemani anticipates improved corporate earnings in the second half of the year. He focuses on quality management and high-compounding businesses. He suggests India’s tariffs should be competitive with other nations.