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Informist, Friday, Jul. 4, 2025

By Gopika Balasubramanium

MUMBAI – Benchmark equity indices are likely to move in a positive territory next week with investors attention on outcome of bilateral trade talks between the US and India. On the domestic front, the June quarter earnings of major companies will commence from Thursday. Analysts expect range-bound movement to continue even in the next week and sees stock-specific movements to take centre stage as companies start declaring their quarterly results. 

Technical analysts were bullish on the 50-stock index, however, they said it would cross the record levels once traders have confidence on earnings growth. Indices may take positive cues from the trade talks between the countries but would sustain gains only on strong earnings.

While some analysts were bullish on the 50-stock index, Jatin Gedia of Mirrae Asset Sharekhan sees it retesting 25200 points in the coming week. He also said that these levels will act as strong support for the Nifty 50. He also said the maximum the 50-stock index can climb is up to 25900 points, its key resistance.

The Nifty 50 closed at 25461 points, up 55.70 points or 0.2%. This week the benchmark index ended the week lower after gaining in the previous two weeks. With this, the index has closed in the red in 14 out of the 26 weeks in the first half of 2025. The BSE Sensex closed at 83432.89 points, up 193.42 points or 0.2%.

Kshitija Salvi, a technical analyst at Religare Broking, said the Nifty 50 will likely consolidate next week, but will likely remain in the positive territory. Salvi expects the index to breach 26000 points if it remains positive. She also said investors may book profits in a broad-based manner and not just index heavyweights like recent times. 

Both the analysts expect pharmaceutical and healthcare stocks to gain momentum in the coming weeks. They expect the fast-moving consumer goods stocks to consolidate but are bullish on them for near term. 

That said, the Nifty FMCG index closed 54735.60 points, up 0.4%. The index was up for the second straight session. The index gained momentum after some companies started reporting upbeat provisional numbers for revenue. Marico said it expects a low double-digit revenue growth in the June quarter. The stock gained 4% intraday and settled 2% higher at the end of the trading session. Nuvama Institutional Equities, in a flash update, said that the revenue figures were largely in line with their expectations.

Similarly, Godrej Consumer Products will also be in focus Monday. Post market hours Friday, the company said its consolidated business is expected to report a double-digit revenue growth for the June quarter. Meanwhile, Dabur India said the fast-moving consumer goods industry saw a sequential recovery in demand in the June quarter, with urban markets seeing an improvement in volume growth in particular. It expects the company's consolidated revenue for the latest quarter to grow in low single digits due to a decline in its beverages portfolio. Brokerages earlier in the week had said the beverage volumes for FMCG companies got hit due to early monsoon.  End

Edited by Akul Nishant Akhoury

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