Indian Equities to Open Higher – Global Cues and Corporate Results in Focus

Indian shares are poised to open higher today, following positive cues from global markets. U.S. President Donald Trump's recent advocacy for lower interest rates has bolstered investor sentiment worldwide. Futures for the GIFT Nifty indicate an opening above Thursday's close. However, caution prevails due to moderate local earnings and concerns over potential U.S. tariff plans. 

 

The Nifty 50 index has established a strong support level at 22,976 in the short term, with resistance anticipated in the 23,400-23,500 range. 

 

Stocks to Keep a Close Watch On:

 

1. Reliance Industries Ltd (RIL): Strong performance in the energy and retail sectors, potential expansion in green energy.

 

2. Tata Consultancy Services (TCS): Positive outlook driven by digital transformation demand in global markets.

 

3. HDFC Bank: Watching for recovery after recent asset quality concerns and growth in retail lending.

 

4. IndiGo (InterGlobe Aviation): Quarterly results today, demand recovery, and fuel cost impacts.

 

5. JSW Steel: Focus on margin pressures due to raw material costs; results announcement due today.

 

6. Infosys: IT sector demand trends and cost optimizations remain key drivers.

 

7. Bajaj Finance: Potential interest rate shifts may impact NBFC sector growth.

 

Key Quarter 3 FY25 Results to be announced today:

Atul Ltd., AU Bank, Bank of India, DCB, DLF, Godrej Consumer Products, Granules, Indigo, JSW Steel, Torrent Pharma

 

Stocks in F&O Ban Period

Though no new scrips been added in F&O Ban since yesterday, the following scrips form a part of this list:

 

ABFRL, Bandhan Bank, Canfin Home, Dixon Technologies, IndiaMART, L&T Finance, Manappuram Finance, MGL & PNB

 

International Stock Markets & Global Economy Overview

 

Global markets have responded positively to President Trump's comments at the World Economic Forum in Davos, where he emphasized the need for lower U.S. interest rates. The S&P 500 reached a record high, reflecting investor optimism. However, European markets remain cautious due to concerns over potential U.S. tariffs and broader economic challenges. 

 

The International Monetary Fund projects global growth to remain steady at 3.3% for both 2025 and 2026, below the historical average of 3.7%. This forecast reflects an upward revision for the United States, offset by downward adjustments in other major economies. 

 

In Asia, markets are trading higher, taking cues from Wall Street's gains. Investors are optimistic about potential capital inflows into emerging markets like India, driven by expectations of lower U.S. interest rates. 

 

Overall, while global economic growth is projected to remain steady, regional disparities and policy uncertainties continue to influence market dynamics.

 

Source: Reuters, Livemint, Financial Times, IMF