NIFTY OUTLOOK: 24196.75 FII 382.36 cr DII -3427.75 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as positive trend take the nifty rally upto 24400 but failed to sustain and slip near to our support of 24110 i.e. made a day low of 24102.8
Everest Kanto Cylinder with reserves of Rs.1184 cr. against equity of Rs.22.44 cr. reported strong Q3FY26 performance with PAT at Rs.35.73 cr. versus Rs.13.66 cr. Q-o-q growth of 162% and margin improvement to 14.6%. With PE of 11, ongoing capex, expansion at Mundra and upcoming Egypt operations, the stock appears undervalued at Rs.111 compared to its higher levels.
The Indian IPO market is undergoing a strategic shift as companies adjust their plans in response to volatile market conditions. Instead of aggressive valuations, firms are now focusing on realistic pricing and sustainable growth narratives.
Investor behavior in the IPO market is evolving, with greater emphasis on company fundamentals rather than hype-driven listings. Market participants are becoming more selective in choosing IPOs.
Despite current market volatility, India’s IPO pipeline remains robust, with several companies preparing to go public in the coming months. Sectors like fintech, infrastructure, and digital services are expected to dominate upcoming listings.
Adani Enterprises continues to remain in focus after analysts maintained a positive long-term outlook despite reducing short-term price targets.
Shares of Titan Company declined in recent trading sessions, underperforming the broader market. The fall was mainly due to profit booking after the stock touched near its 52-week high.
Wipro has come under pressure after issuing a weaker-than-expected revenue outlook for the upcoming quarter. The cautious guidance reflects slowing global demand for IT services and ongoing economic uncertainty.
The BSE Sensex ended almost flat near the 78,000 mark after a highly volatile trading session. The index initially surged nearly 600 points on positive global cues and easing geopolitical tensions but later lost momentum due to profit booking at higher levels.
The ongoing geopolitical tensions have triggered a significant surge in global energy prices, creating ripple effects across economies worldwide. According to global experts, the energy shock is expected to impact both developed and emerging markets.
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