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Informist, Monday, Jul. 14, 2025

By Akash Mandal

MUMBAI – The benchmark indices are likely to remain weak and linger at lower levels, where some buying interest was seen in the final half-hour of Monday's trading session. Investors will focus on the June quarter earnings of HCL Technologies and the commentary from its post-earnings conference call with analysts scheduled for 2000 IST. Tuesday, the Nifty 50 is expected to move in the range of 25000-25300 points.

"On a daily chart, the index (Nifty 50) has formed a bearish candle, but a potential hidden bullish divergence in the RSI (relative strength index), coupled with 50DMA (day moving average) support, provides hint of a trend reversal," Aditya Gaggar, director of Progressive Shares, said in a note.

On the other hand, Kshitija Salvi, technical analyst at IDBI Capital Market & Securities, expects the trend to remain sideways to positive, with range-bound movement likely until a decisive breakout occurs. Both analysts expect stock-specific movements in the market due to the start of the June quarter earnings season.

The Nifty 50 closed at 25082.30 points, down 67.55 points or 0.3%, remaining weak for the entire session but recovering somewhat after coming dangerously close to the 25000 level in afternoon trade. The BSE Sensex closed at 82253.46 points, down 247.01 points or 0.3%.

India's retail inflation moderated further to 2.10% in June from 2.82% in May, which is the lowest level since January 2019. However, core inflation for the month came in at 4.4%, which is the highest since September 2023. Nirmal Bang Institutional Equities had estimated retail inflation for June at 2.18% and core inflation at 4.21%.

Investors will also eye US tariff-related developments, with media reports suggesting the US will levy 20% tariff on India, much lower than it has levied on competing countries such as China, Vietnam, and Bangladesh. Investors will also monitor news relating to US tariffs imposed on other countries and trade blocks, with analysts saying the constant back-and-forth on trade discussions and tariffs is becoming a headwind for the domestic markets, too.

Shares of Tata Technologies will be in focus after the company reported a consolidated net profit of INR 1.70 billion, down 10% on year but a little higher than analysts' estimates of INR 1.53 billion. The company's top line for the quarter also fell 3% on year to INR 12.44 billion. 

HDFC Life Insurance Co. is the only Nifty 50 stock scheduled to report its earnings Tuesday. Sharekhan expects the insurer's net profit to surge 124% on year to INR 4.90 billion on the back of a 14% on-year growth in annual premium equivalent. Its top line is seen growing over 22% on year to INR 125 billion. ICICI Lombard General Insurance Co., ICICI Prudential Life Insurance Co., and Bank of Maharashtra are the other banks and insurers which will report their earnings during the day.  End

Edited by Rajeev Pai

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