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Informist, Monday, Aug. 4, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Benchmark equity indices are expected to extend gains on Tuesday, indicating a short-term recovery as bearishness in the market wanes slightly, analysts said. The three-day monetary policy of the Reserve Bank of India's rate-setting committee started Monday, and its outcome, which is due Wednesday, is widely tracked by traders. Bharati Airtel and Adani Ports and Special Economic Zone will declare their June quarter earnings on Tuesday. 

 

"(The) Nifty 50 may reach up to 24900 points in the upcoming two or three sessions, " Brijesh Ail, senior technical analyst at IDBI Capital Markets & Securities, said. Ail expects the 50-stock index to find support at 24500 points and face resistance at 25050 points. Monday, Nifty 50 ended at 24722.75 points, up 0.6%.

 

"A final trade deal with the US, more capex announcements, acceleration in loans (we are already seeing activity in the corporate bond market), uniform improvement in high frequency data and improving trade with China could act as catalysts (for Indian equities)," analysts at Morgan Stanley said in a research report Monday. The global brokerge prefers domestic facing sectors for near-term than "defensives and external-facing sectors." The brokerage is overweight on "financials, consumer discretionary, and industrials" and underweight on energy, materials, utilities, and healthcare."  

 

However, it also remains cautious of downside risks for the near term. "Downside risks arise from slowing global growth and worsening geopolitics," the report said, adding that this is especially true with a rise in oil prices and continuing disruption in supply chains like rare earth or fertilisers. The brokerage expects BSE Sensex to reach 89,000 points by June 2026, implying an upside potential of 10%. 

 

Market participants will also monitor the outcome of the monetary policy meeting due on Wednesday. After reducing the repo rate by a cumulative 100 basis points over the last three policy meetings, bringing it down to 5.5% in June, the Monetary Policy Committee is now widely expected to maintain a status quo. However, some economists still see a case of a 25-basis-point cut by the RBI in the coming months, even if it is not in August. 

 

On the earnings front, analysts expect Bharti Airtel to report steady top-line and bottom-line numbers for the June quarter Tuesday. They also see its average revenue per user, an important metric for telecom companies, to go up slightly by INR 2-INR 5 from the trailing quarter to INR 247-INR 250, and also an increase in net subscriber additions in its largest mobile services segment. The stock closed 1.6% higher at 1,914.60 on Monday. 

 

There are no brokerage estimates available with Informist on Adani Ports for the June quarter. Other companies such as Britannia Industries, Bharti Hexacom, Container Corp. of India, Exide Industries, Lupin, Prestige Estates Projects, Torrent Power, Alembic Pharmaceuticals, Berger Paints India, Gland Pharma, Gujarat Gas, and NCC will also detail their results Tuesdsay. 

 

Edited by Saji George Titus

 

 

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