Indian equity benchmark indices are expected to open in green on July 22, despite investors maintaining a cautious stance as earnings season gains momentum. Stocks to watch include Eternal, LIC, Havells, Titan, PNB, and IDBI Bank. The US-India trade deal has not yet been finalized. Q1FY26 earnings announcements are scheduled for Dixon Technologies, United Breweries, JSW Infra, and others.
Indian equity benchmark indices are expected to open in green on July 22, despite investors maintaining a cautious stance as earnings season gains momentum. The market sentiment is influenced by the ongoing earnings announcements, with several key companies slated to report their Q1FY26 results.
Key stocks to watch include Eternal, LIC, Havells, Titan, PNB, and IDBI Bank. Eternal, the parent company of Zomato, reported a significant 70% YoY revenue surge to ₹7,167 crore in its Q1FY26 results, though net profit dropped 90% to ₹25 crore [1]. The stock rose 7.55%, driven by strong growth in Blinkit’s revenue, which tripled YoY to ₹2,400 crore. LIC, Havells, Titan, PNB, and IDBI Bank are also expected to release their earnings, which could provide further insights into the market's performance.
The US-India trade deal has not yet been finalized, adding to the uncertainty in the market. Analysts are closely watching the trade talks, as a favorable deal could further boost market sentiment [2]. The earnings announcements from Dixon Technologies, United Breweries, JSW Infra, and others are also expected to impact the market's direction [3].
Despite the cautious investor stance, the market has shown resilience, with Indian equity indices rebounding on Monday, fueled by strong Q1 earnings from HDFC Bank, ICICI Bank, and Reliance Industries [4]. The Sensex climbed 284 points, while the Nifty50 rose 77 points.
In summary, while the market is cautious due to ongoing earnings season and trade uncertainties, there are positive signs of resilience and growth. Investors should closely monitor the earnings announcements and the progress of the US-India trade deal for further insights into the market's direction.
References:
[1] https://economictimes.indiatimes.com/eternal-ltd/stocksupdate/companyid-57948.cms
[2] https://economictimes.indiatimes.com/markets/stocks/us-india-trade-deal-news/articleshow/86896956.cms
[3] https://economictimes.indiatimes.com/markets/stocks/earnings-announcements/articleshow/86896957.cms
[4] https://economictimes.indiatimes.com/markets/stocks/market-update/articleshow/86896958.cms
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