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Informist, Tuesday, Jul. 15, 2025

By Gopika Balasubramanium

MUMBAI – The Indian equity indices are likely to move in a tight range Wednesday with the focus on corporate earnings set to continue in the coming days, analysts said. They expect the Nifty 50 to move between 25000 points and 25300 points. Tech Mahindra will detail its June quarter earnings Wednesday. 

Technical analysts say it is crucial for the 50-stock index to sustain above 25000 points for it to be able to rise further. This level is also the immediate support for the benchmark index. However, Ajit Mishra of Religare Broking expects the index to fall below this crucial level in just the next couple of sessions.

In the beginning of July, a majority of analysts had expected the Nifty 50 to breach 26000 points. That view has changed now and most say it would be difficult for the index to achieve this feat. The Nifty 50 is expected to remain in a range till the end of July, Vipin Kumar, assistant vice-president and senior derivatives analyst at Globe Capital Market, said. For the month, he expects the index to find support at 24800 points and encounter resistance at 25600-25670 points.

Tuesday, the Nifty 50 closed at 25195.80, up 113.50 points or 0.5%. The BSE Sensex closed at 82570.91 points, up 317.45 points or 0.4%. The broader market indices outperformed the benchmarks, with most mid- and small-cap indices gaining 1% each.

Investors will also keep an eye on the trade negotiations between India and the US which resumed Monday. It is crucial for India to cut a deal with the US before the Aug. 1 deadline for reciprocal tariffs. A bilateral deal with the US will be a positive for the automobile and agricultural sectors, analysts said.

Investors Wednesday will also react to the quarterly results of HDFC Life Insurance Co. which came in after market hours Tuesday. For the June quarter, the insurance company's net profit rose 15% to INR 5.46 billion and its net premium income rose nearly 16% to INR 144.66 billion. The stock is expected to move in a range of INR 730-INR 775.

Tech Mahindra will detail its results Wednesday. The information technology company is expected to report a consolidated net profit of INR 12.07 billion for the June quarter, up 3.4% sequentially, as per an average of 17 brokerage estimates. The company's revenue from operations is seen nearly flat on quarter at INR 133.90 billion.

The company's sales growth for the June quarter was likely to have been hit by demand weakness in its hi-tech, communications, and manufacturing verticals, and also in its business process outsourcing operations. The stock is expected to move in a range of INR 1,500-INR 1,520, Kumar of Globe Capital said. He expects the stock to face resistance at INR 1,620. Other companies such as Angel One and L&T Technology Services will also report their quarterly earnings Wednesday.  End

Edited by Rajeev Pai

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