Markets rebounded on back of gains in Asian markets with Nifty ending higher over 100 points on back of lower Brent crude prices and accommodative stance expectation from the U.S Fed. The concern for Indian markets comes through weakness in dollar index as surge in JPYINR may trigger direct unwinding from Japanese investor who had aggressively increased allocation to Indian markets in the past few years. A USDJPY move below 143 is already hinting a major crisis in global bond markets as it may lead to carry trade unwinding. For Nifty, a move below 25,000 is seen as a major breakdown in near term with implied target towards 22,500.
Nifty 50 Chart
Stocks to watch
Positive Read through
- Paint Cos, OMCs – Brent crude falls below USD 70 for the first time in 3 years.
- Reliance – Reliance Retail & Delta Galil form 50/50 JV for an apparel innovation platform.
- Premier Explosives – MoU with Astra Micro to develop & sell multiple products jointly.
- OIL India – OIL, OVL & KABIL – Sign Mou with IRH, UAE for critical mineral supply chain.
- Voda Idea – Promoters up stake, company in discussion with banks for debt funding.
- Zydus Life – Announces completion of phase II(A) clinical trial of ALS drug Usnoflast.
- Lemon Tree – Signs new property in Mira Road, Mumbai, expected to open in FY26.
- Ramco Sys – Launches aviation software 6.0 for smarter aircraft management.
- Gensol Engg – Company & Matrix bag project to setup green hydrogen valley project in Pune.
- Jubilant Ph – USFDA classifies company’s manufacturing unit in Spokane, Washington as VAI.
- Goa Carbon – Resumes operations at Goa unit oil India.
- Bombay Dyeing – Japan’s Sumitomo Corp acquires land in Worli for Rs. 4.40 bn.
- CESC – Arm to set up 300 MW solar PV power project.
- Inox India – Gets patent for cryogenic liquid-based storage unit.
- Bajaj Auto, Hero, TVS, Ola – Government likely to announce subsidy schemes for EV, as per reports.
Negative Read through
- ONGC, Oil – Brent crude falls below USD 70 for the first time in 3 years.
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