Daily Voice: India’s economic outlook turning more positive, further 50 bps rate cut likely by RBI this year, says Chanchal Agarwal of Equirus Credence Family
Trade tensions remain unresolved despite a temporary truce, and KPMG’s chief economist Diane Swonk warns that a “stop-go” policy approach could prolong supply chain disruptions and lead to further missteps.
Tata Power open to investing in thermal power again, says CEO Praveer Sinha
Tata AutoComp Systems will manufacture batteries and provide them to Tata Power, which will execute all renewable energy power projects with battery energy storage systems, Tata Power CEO and MD Praveer Sinha told Moneycontrol.
Daily Voice: Export oriented companies can be dark horse as valuations moderated given uncertainties, says Equirus Asset's Sahil Shah
Sahil Shah of Equirus Asset Management does not foresee significant earnings downgrades for Q1FY26, particularly for domestic-facing sectors.
Daily Voice: Defence a multi-year play with potential for outsized returns, says Trust MF's Sandeep Bagla
Sandeep Bagla of Trust Mutual Fun sexpects the growth to pick up, specially in the second half of the financial year. India should grow at a rapid clip, a tad above 6% this year.
Chart Check: Nifty may attempt to test new highs, rotate money into laggards, says Rahul Ghose of Hedged
This is also a good time to rotate capital into laggards with improving structures, rather than stocks that have already doubled or tripled in the recent run-up, said Rahul Ghose of Hedged.
Daily Voice: FIIs likely to continue investing in Indian equities in near term, though global uncertainties remain, says Right Horizons' Anil Rego
The earnings season so far can be characterized as mixed but not disappointing, and it does provide encouraging signals for healthy growth in FY26, said Anil Rego of Right Horizons.
Daily Voice: No froth in valuations setting stage for upside to Indian markets barring significant geopolitical tensions, says LGT Wealth India's Chakri Lokapriya
Investors should view market dips as opportunities to align with long-term asset allocation goals, preferring large-cap stocks for favourable valuations and a greater margin of safety, said Chakri Lokapriya of LGT Wealth India.
Chartist Talks: SBI Securities' Sudeep Shah advises caution, picks these 2 bluechips
Talking about crucial levels, the zone of 23,850-23,800 will act as a crucial support for the Nifty 50 next week. However, on the upside, the zone of 24,250-24,300 will act as a crucial hurdle for the index, said Sudeep Shah of SBI Securities.
Daily Voice: India-Pakistan escalation can trigger 5-6% correction, Nifty support around 22,000, says Narnolia's Shailendra Kumar
Any Nifty correction due to heightened conflict concerns between India and Pakistan would present a favourable opportunity to initiate investments, said Narnolia's Shailendra Kumar.
Chartist Talks: ICICI Securities' Dharmesh Shah advises not to panic amid Indo-Pak tension-led correction, steam still left in defence pack
Looking at the broader bullish structure, Dharmesh Shah of ICICI Securities believes there is still steam left in the defence pack
Daily Voice: Naveen Kulkarni of Axis Securities believes impact of India-Pakistan tensions on market will be short-lived
A market rally from here will depend on earnings growth and the evolving macroeconomic scenario, which is getting better, said Naveen Kulkarni of Axis Securities.
Daily Voice: Unless triggered by broader economic or global shocks, Indo-Pak tensions rarely have a lasting negative impact, says Spark's Devang Mehta
Apart from the prevailing geopolitical tensions, the other major cue for the market includes the upcoming trade negotiations which can have an impact on the short term trajectory of India & global markets, says Devang Mehta of Spark Capital.
Daily Voice: India-Pakistan tensions unlikely to rattle markets unless trade routes disrupted, economic centers hit, or FII outflows spike, says Equentis Wealth CIO
Based on March quarter earnings, Jaspreet Singh Arora of Equentis Wealth Advisory Services has significant confidence in BFSI, followed by Consumer Discretionary, FMCG, and Healthcare, focusing on hospitals, domestic-facing pharma companies, Cement, and specialty chemicals.
Daily Voice: BFSI sector remains very strong, pharmaceuticals looking positive at this moment, says Shriram Life Insurance CIO
Valuations in the Indian equity markets have become notably more attractive compared to a couple of quarters ago - one of the key factors driving renewed Foreign Institutional Investor (FII) participation in recent months, said Ajit Banerjee of Shriram Life Insurance.
Daily Voice: Don’t expect any major downgrades in consumer discretionary, global cyclical sectors, says HDFC Securities' Unmesh Sharma
Within sectors, HDFC Securities' Unmesh Sharma has observed continued earnings downgrades in sectors such as Banks & NBFCs, capital market, consumer staples, IT, cement, and chemicals.
Daily Voice: FY26 earnings growth could still stay in double digits despite assuming some downgrades in coming months, says UTI AMC's Karthikraj Lakshmanan
UTI AMC's Karthikraj Lakshmanan is positive on Telecom sector due to industry consolidation leading to better pricing and improved profitability.
Daily Voice: Market crossing previous highs soon quite likely, though India-Pakistan tension definitely a risk in near term, says OmniScience Capital's Vikas Gupta
The actual announcement of the India-US trade deal could lead to more production shifting into India in the near to mid term and new FDI in the longer term. This could definitely be a strong growth driver given that India-US have agreed for a $500 billion trade by 2030, says Vikas Gupta of Omniscience Capital.
Chartist Talks: ICICI Securities' Dharmesh Shah sees potential golden crossover and 25,000 in Nifty in current month
The ongoing breather would make market healthy, which will eventually help the Nifty 50 to cross the resistance mark of 24,500 and lead further towards 25,000 mark
Chartist Talks: Sudeep Shah of SBI Securities bullish on these 4 stocks; sees strength in IndusInd Bank but recommends avoiding
From a technical perspective, Nifty continues to trade well above its key short and long-term moving averages, which further reinforces the bullish bias. Interestingly, the daily RSI has recently taken support near 60 mark and thereafter witnessed a rebound, which is a bullish sign as per RSI range shift rules, said Sudeep Shah of SBI Securities.
Daily Voice: Investors should remain cautious of global developments amid heightened geopolitical risks following recent Pahalgam attack, says this CIO
In the current earnings season, select companies in sectors like financial services are showing robust growth and improvement in performance metrics, while their counterparts in the information technology sector are showing signs of slow down, said Vijay Bharadia of Wallfort PMS.
Daily Voice: Whitespace Alpha's Puneet Sharma maintains cautious stance over capital markets segment, sees inflationary risks in near term
Inflationary risks are elevated in the near term, driven by supply chain disruptions and domestic factors like erratic monsoons and rising crude prices, said Whitespace Alpha's Puneet Sharma.
Chartist Talks: Ashish Kyal bets on these 2 stocks as Nifty seems to be moving toward 25,000
As long as major supports are intact near 23,200 which is the Gap area, any correction in Nifty 50 will be a healthy sign that will form the base for the next leg on upside, he said in an interview to Moneycontrol.
Daily Voice: ArthAlpha's Rohit Beri is bullish on market, but doesn't expect new all-time high in current quarter
ArthAlpha's Rohit Beri sees a strong pick-up in IPO activity in the latter half of the year. The success of recent deals and over-subscription in quality names are reflecting renewed investor confidence—both in the institutional as well as retail segments.
Daily Voice: Market has not fully factored in upcoming expected earnings downgrades, says Green Portfolio's Divam Sharma
Sectors like IT services, discretionary consumption, global cyclicals, and parts of consumer staples are at higher risk of earnings downgrades, said Green Portfolio's Divam Sharma.
