News update-July 21, 2025

Market Overview
• Sensex rose ~0.15%, Nifty climbed ~0.33% in the early session, fueled by strong Q1 earnings from Reliance, HDFC Bank, and ICICI Bank
• Broader breadth remained weak, with midcaps & smallcaps lagging
• FII selling continues; domestic DIIs provided support
• Global cues mixed, as US trade concerns and upcoming Fed meeting kept markets cautious

Technical & Strategic Outlook
• Analysts view Nifty as range-bound; key resistance 25,200–25,260; support ~24,900–24,700
• Derivative calls note divergence: short positions building in FIIs; domestic options see caution

Key Stocks to Watch Today
• Reliance Industries, HDFC Bank, ICICI Bank, JSW Steel, Dr Reddy’s, Anthem Biosciences, Spunweb Nonwoven, Yes Bank, UCO Bank

Banking & Financials
• Private banks mixed performance; PSU banks under pressure after outperforming earlier

• HDFC Bank Q1 profit dipped ~1.3%; share price firm
• ICICI Bank posted ~15.5% YoY PAT growth; NII rose ~10.6%
• Yes Bank, IDBI Bank, UCO Bank, and others trade-focused mentioned for the day

HDFC Bank (Standalone)
• Net Profit: ₹18,155 Cr (+12% YoY, +3% QoQ)
• NII: ₹31,438 Cr (+5% YoY, -2% QoQ)
• Other Income (excl. one-offs): ₹12,601 Cr (+18% YoY, +5% QoQ)
• Provisions: ₹14,442 Cr (+352% QoQ), includes ₹9,000 Cr floating provision
• Asset Quality: GNPA at 1.4% (+7 bps QoQ); NNPA at 0.47% (+4 bps QoQ)
• OpEx up 5% YoY, but operating profit surged 50% YoY

ICICI Bank (Standalone)
• Net Profit: ₹12,768 Cr (+15% YoY, +1% QoQ)
• NII: ₹21,635 Cr (+11% YoY, +2% QoQ)
• Other Income: ₹8,505 Cr (+21% YoY, +17% QoQ)
• Provisions: ₹1,815 Cr (+104% QoQ)
• GNPA: Stable at 1.67%

RBL Bank
• Net Profit: ₹200 Cr (-46% YoY)
• NII: ₹1,481 Cr (-13% YoY)
• Operating Profit: ₹703 Cr (-18.2% YoY)
• Provisions: ₹442 Cr (+21% YoY, -44% QoQ)
• GNPA/NNPA: 2.78% / 0.45% (vs 2.6% / 0.29% QoQ)

LIC Housing Finance
• De-registered as an aggregator under the NPS-Lite Swavalamban Scheme; surrendered PoP registration.

Energy & Commodities
• Reliance Industries posted robust Q1: ~76% profit jump, supported by Asian Paints stake sale; retail and telecom businesses strong
• Oil & gold prices steady; oil down due to Russian sanctions risk, gold flat amid trade/Fed wait

Reliance Industries (Consolidated)
• Revenue: ₹2,43,632 Cr (-6.8% QoQ)
• EBITDA: ₹42,905 Cr (-2.1% QoQ); margin rose 84 bps to 17.61%
• Net Profit: ₹26,994 Cr (+39.1% QoQ)
• Other Income: ₹15,119 Cr (+208% QoQ), includes ₹8,924 Cr from Asian Paints stake sale

Reliance Power
• Revenue: ₹1,886 Cr (-5.4% YoY)
• EBITDA: ₹565 Cr (-13.2% YoY)
• Net Profit: ₹44.7 Cr vs Loss of ₹98 Cr YoY

NTPC Green Energy
• Signed MoU with Goa Energy Development Agency to develop 300 MW renewable energy projects.

TGV SRAAC
• Added 2.5 MW solar capacity; total now at 40.4 MW

Retail & Consumer

Reliance Retail
• Revenue: ₹84,172 Cr (-5% QoQ)
• EBITDA: ₹6,381 Cr (-5% QoQ); margin steady at 7.58%
• Net Profit: ₹3,271 Cr (-7.7% QoQ)

IT & Tech
• Sector was mild green despite some muted earnings.
• Market sees potential in IT stocks from technical charts despite weekly declines

Infra & Industrials
• PSU banks saw reversal despite recent run-up
• Autos remain resilient; ABS norms shift news for two-wheelers
• Sun TV Network: Acquired 100% stake in Northern Superchargers (UK) for £100.5 million.

Pharma & Healthcare
• Dr Reddy’s, Reliance Retail, Sun Pharma, Anthem Biosciences, Spunweb, IDFC First Bank, JSW Steel are highlighted for the day
• CDMOs getting attention on peptide & GLP-1 drug opportunity

Telecom & Digital

Reliance Jio (Q1 FY26)
• Revenue: ₹30,882 Cr (-3% QoQ)
• EBITDA: ₹15,852 Cr (+5% QoQ); margin improved to 54.04%
• Net Profit: ₹6,642 Cr (+1% QoQ)
• ARPU: ₹208.8 (+1.3% QoQ)
• Subscribers: 498.1 million (+2% QoQ)

Investor Summary
Markets are taking a breather after strong Q1 numbers. While core sectors like banking and energy are stabilizing, global headwinds like trade tensions and Fed policy are keeping volatility alive. IT and midcaps remain a mixed bag, with the broader trend cautiously bullish yet awaiting fresh triggers.