Top Stocks to Watch Today: Infosys, IndusInd Bank, BEML, Bajaj Housing Finance, and more.

The Indian stock market is expected to open in a positive bias on July 24, driven by optimism around potential trade deals with the US and progress on the India-UK FTA. Infosys, IndusInd Bank, BEML, and Bajaj Housing Finance are top stocks to watch today. Earnings for Q1FY26 will also impact market sentiment, with several companies set to announce their results.

The Indian stock market is expected to open in a positive bias on July 24, driven by optimism around potential trade deals with the United States and progress on the India-UK Free Trade Agreement (FTA). Key stocks such as Infosys, IndusInd Bank, BEML, and Bajaj Housing Finance are anticipated to influence market sentiment, with several companies set to announce their Q1 FY26 earnings.

Prime Minister Narendra Modi is scheduled to visit the United Kingdom on July 23-24, where he will sign the India-UK FTA. The agreement, expected to be signed in London, aims to double bilateral trade to $120 billion by 2030 [1]. The FTA will significantly reduce tariffs on labor-intensive products like leather, footwear, and clothing, while making imports of British whisky and cars cheaper. It also includes provisions for visa mobility and intellectual property rights, enhancing professional and business opportunities [2].

The Indian stock market has shown resilience, with a 12.6% increase in exports to the UK in 2024-25 and a 2.3% rise in imports, reflecting the growing trade relationship [1]. The FTA is expected to further boost bilateral trade and economic cooperation, potentially driving positive market sentiment.

Among the top stocks to watch today, Infosys is expected to announce its Q1 FY26 earnings. The company reported a 9% year-on-year (YoY) growth in profit to Rs 6,921 crore in Q1 FY26, indicating robust performance [3]. IndusInd Bank is also set to release its Q1 FY26 results, with investors closely monitoring the bank's performance in the competitive financial sector.

BEML, a defense and aerospace company, is another stock to watch. The company's earnings for Q1 FY26 are expected to provide insights into its performance in the defense sector, which has seen increased government spending.

Bajaj Housing Finance is anticipated to report its Q1 FY26 results, showing a 21% YoY growth in net profit to Rs 583 crore, with assets under management (AUM) growing by 24% to Rs 1.20 lakh crore [3]. The company's strong asset quality and moderate real estate demand are likely to influence investor sentiment.

In summary, the Indian stock market is poised for a positive opening on July 24, driven by optimism around the India-UK FTA and Q1 FY26 earnings announcements. Investors should closely monitor the earnings reports and market reactions to these key events.

References:
[1] https://www.thehindu.com/news/national/india-uk-to-sign-free-trade-agreement-on-july-24-in-london/article69847051.ece
[2] https://www.financialexpress.com/policy/economy-india-uk-fta-to-be-signed-on-july-24-3922080/
[3] https://www.etnownews.com/markets/bajaj-housing-finance-q1-fy26-results-profit-up-21-to-rs-583-cr-aum-rises-24-to-rs-1-20-lakh-cr-quarterly-earnings-details-article-152333557