Stock Market Live Updates: GIFT Nifty Signals Flat Start For Sensex, Nifty; Asian Markets Mixed; Brent At $87 A Barrel
Domestic markets are likely to take cues from the ongoing Q1 earnings season, institutional activity and movements in crude oil prices.
Indian benchmark indices Sensex and Nifty are likely to open on a flat-to-negative note on Friday, as indicated by GIFT Nifty, despite the S&P 500 closing at a record high overnight.
At last check, GIFT Nifty futures were trading 22 points lower at around 24,448, signalling a muted start for the Indian equity markets.
US stock futures were largely unchanged on Thursday night after Wall Street ended at record levels. The S&P 500 hit an intraday all-time high of 7,816.70 and also closed at a fresh record. The tech and communication services sectors were among the top performers, gaining around 1% each.
S&P 500 and Nasdaq-100 futures were trading marginally above the flatline, while Dow Jones futures were up around 4 points.
Asian Markets
Asian equities were largely higher on Friday, with Japan and South Korea leading the gains. The Nikkei 225 rose more than 1.4%, while the Topix gained 0.8%. South Korea's Kospi advanced 1.4%, although the small-cap Kosdaq fell more than 1.5%. Australia's S&P/ASX 200 declined 0.6%.
Q1 Results, Crude Oil In Focus
Domestic markets are likely to take cues from the ongoing Q1 earnings season, institutional activity and movements in crude oil prices. Investors will also track global market trends and sector-specific developments for further direction.
Last checked, Brent Crude was trading marginally higher at $87.20 a barrel.
Q1 Results Today
Several key companies are scheduled to announce their June-quarter results on Friday, including NMDC, Ashok Leyland, Bharat Dynamics, Alkem Laboratories, Tube Investments of India, Voltas and Cochin Shipyard, among others.
Stock Market Live: Milky Mist IPO Subscription Crosses 56x; QIB Portion At 156x
Overall subscription reached 56.12x, with QIB subscription at 155.83x, NII at 34.91x and retail at 8.41x.
Stock Market Live: IGL In Focus As Higher Gas Costs Squeeze Margins; Macquarie Keeps Outperform
Macquarie retained Outperform with a Rs 220 target. Q1 volumes were in line, but higher gas costs affected margins despite price hikes.
Gas availability, sourcing mix and FY27 volume and margin guidance remain key factors to watch.
Stock Market Live: Max Healthcare In Focus After PAT Miss; Macquarie Keeps Underperform
Macquarie retained Underperform with a Rs 825 target. Q1 operations were broadly in line, but PAT missed expectations because of higher finance costs.
EBITDA per bed also declined sequentially because of the drag from newly added beds.
Stock Market Live: Page Industries In Focus After Macquarie Flags Weak Q1 Volume Momentum
Macquarie retained Underperform with a Rs 32,500 target after Q1 EBITDA came in below expectations because of logistical constraints.
Management has reiterated its double-digit volume-growth target for FY27, but Macquarie remains cautious.
Stock Market Live: Delhivery In Focus As Macquarie Raises Revenue Forecasts; Keeps Outperform
Macquarie retained Outperform with a Rs 580 target and raised revenue forecasts on better parcel volumes.
It expects strong operating leverage and margin expansion, modelling 21% revenue CAGR and more than 50% EBITDA CAGR for FY26-29E.
Stock Market Live: Max Financial In Focus After VNB Beat; Jefferies Sees 18% CAGR For Axis Max Life
Jefferies said VNB of Rs 450 crore was 17% above estimates, while VNB margin was 360 basis points ahead of estimates.
APE and VNB growth of 15% and 33%, respectively, were ahead of private peers. Jefferies expects Axis Max Life to deliver an 18% VNB CAGR over the next three years.
Stock Market Live: BofA Says Q1FY27 Earnings Beat Expectations; Metals Lead, Margins Remain Under Pressure
BofA India Strategy said companies representing 97% of market capitalisation were tracking a 3% beat and 13% YoY earnings growth.
Metals led the earnings beat, while Metals, Materials and Telecom saw relatively better growth. BofA expects a gradual recovery as commodity prices, supply chains and price pass-throughs improve.
Stock Market Live: Solar Industries In Focus As Brokerages Differ Sharply; Targets At Rs 11,200-20,180
Kotak Securities retained Sell but raised its target to Rs 11,200 from Rs 10,300, citing an all-round beat, Pinaka-led defence growth and a Rs 21,400 crore order book.
Goldman Sachs retained Buy with a Rs 20,180 target, citing strong Q1 execution, upcoming orders, Dhule plant commissioning and sustained international explosives growth.
Stock Market Live: LG Electronics India Profit Rises 27%; Brokerages See Q1 Beat, Targets Up To Rs 1,810
LG Electronics India reported a 15.5% rise in revenue to Rs 7,233 crore and a 27% rise in net profit to Rs 653 crore.
Morgan Stanley retained Overweight with a Rs 1,610 target, while Jefferies retained Buy with a Rs 1,810 target. Both highlighted strong category growth and margin performance.
Stock Market Live: Jubilant FoodWorks Targets Range From Rs 360 To Rs 670; Brokerages Divided After Q1
Citi and Jefferies retained Buy and raised their targets to Rs 670 and Rs 650, respectively. Morgan Stanley retained Equal-weight with a Rs 439 target, while Macquarie retained Underperform with a Rs 360 target.
The key debate is whether improving Domino's LFL growth and Popeyes can outweigh input-cost and margin pressures.
Stock Market Live: Brainbees In Focus After Q1 Margin Miss; Morgan Stanley Sees Structural India Growth
Morgan Stanley retained Equal-weight with a Rs 300 target. It sees improving India revenue growth as structural and expects elevated FY27 growth.
Margins remain under pressure from competitive intensity in diapers and higher manufacturing costs.
Stock Market Live: Honasa Consumer Profit Jumps 118%; Brokerages Split On Stock, Targets At Rs 390-650
Honasa Consumer reported a 27% rise in revenue to Rs 756 crore, while EBITDA jumped 140.2% to Rs 110 crore and EBITDA margin expanded to 14.6%.
Citi retained Sell but raised its target to Rs 390 from Rs 320, while Jefferies retained Buy and raised its target to Rs 650 from Rs 565. Jefferies highlighted strong revenue and margin delivery, while Citi flagged competition and the need to monitor reinvestment and margin expansion.
Stock Market Live: Tata Motors PV Profit Plunges 80%; JLR Revenue Falls 10% In Q1, Citi Cuts Target
Stock Market Live: Tata Motors PV reported a 9.3% rise in revenue to Rs 95,799 crore in Q1 FY27, while EBITDA fell 17.2% to Rs 6,326 crore. EBITDA margin stood at 6.6% versus 8.7% a year ago.
Net profit fell 80.3% to Rs 775 crore from Rs 3,924 crore, while JLR revenue declined 9.6% to £6 billion, with volumes impacted by supply constraints. Citi retained its Sell rating and cut its target price to Rs 305 from Rs 320, citing significant margin headwinds.
Stock Market Live: US Markets End Higher
Stock Market Live: The S&P 500 rose 50.49 points, or 0.65%, to 7,798.99, after hitting an intraday record high of 7,816.70 during Thursday’s session.
The Dow Jones Industrial Average gained 69.72 points, or 0.13%, to 53,839.99, while the Nasdaq Composite advanced 214.54 points, or 0.81%, to 26,803.03. The Nasdaq 100 climbed 341.90 points, or 1.15%, to 30,084.50, and the Russell 2000 added 7.36 points, or 0.24%, to 3,052.85.
Stock Market Live: Asian Markets Trade Mixed
Stock Market Live: The ASX 200 was down 62.30 points, or 0.68%, at 9,126.20, while the Nikkei was up 647.69 points, or 0.95%, at 68,956.28.
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