Sector-wise update for July 18, 2025:
Markets & FPI Activity
• Market Trend: Indian indices opened flat to slightly lower—Sensex at ~82,190 ( 0.1%) and Nifty near 25,100 ( 0.05%) amid mixed global cues
• Inflow/Outflow: FIIs net sold ~₹3,670 cr; DIIs net bought ~₹2,720 cr
• Advance/Decline: Markets saw 1,966 advancers vs 962 decliners; mid- and small-caps outperformed with Nifty Midcap +1.3%, Small-cap +0.95%

Broader Themes & Signals
• Global: U.S. retail sales and jobless claims beat forecasts, boosting global sentiment
• Macro: Despite mixed earnings, Indian markets held steady, underpinned by dovish Fed signals and trade optimism
• Technical Strategy: Bullish sentiment above 50-DEMA support (~24,900), breakout names include R R Kabel, Kajaria, Syrma SGS, Asahi, Chalet
• Technical Outlook: GIFT Nifty suggested a firm open (+50 points), but heavy selling into expiry dragged gains

Commodities & Market Indicators
• Crude Oil (WTI): $86.00
• Brent: $89.95
• Gold (COMEX): $2,347.40
• Silver (COMEX): $29.51
• USD/INR: ₹83.07
• 10Y G-Sec: 7.06%

Sector Highlights

Banking & Financial Services

• Axis Bank (Standalone, YoY)
o Net Interest Income (NII): ₹13,560 Cr (+1%)
o Net Profit: ₹5,806 Cr (▼3.8%)
o Provisions: ₹3,948 Cr (▲94%)
o Net NPA: 0.45% (vs 0.33% QoQ)
o Gross NPA: 1.57% (vs 1.28% QoQ)
o Fresh Slippages: ₹8,200 Cr (vs ₹4,805 Cr)
o Outlook: Sharp rise in provisioning and deterioration in asset quality indicate caution despite stable core income.

• Jio Financial Services (Consolidated, YoY)
o Net Profit: ₹325 Cr (▲3.8%)
o Total Income: ₹619 Cr (▲48.3%)
o JioBlackRock AUM: ₹17,800 Cr
o Jio Credit AUM: ₹11,665 Cr (vs ₹217 Cr YoY)
o Outlook: Strong AUM growth across platforms. Diversification strategy gaining traction.

• Kotak Bank, HCL Tech, and Bharti Airtel declared ex-dividend—last day to own for eligibility
• Bandhan Bank, L&T Finance, Reliance Industries among those reporting earnings today

Metals & Infra
• JSW Steel on MOTILAL OSWAL radar with upbeat capacity expansion plans and margin outlook (TP ₹1,180)

• Metal & infra stocks showed resilience; industrials among technical breakout suggestions, like R R Kabel, Kajaria, Syrma SGS, Asahi, Chalet
Pharma

• Lupin launched new ophthalmic drug in the U.S.; Gland Pharma and Sun Pharma under watch amid possible tariff threat of up to 200%

IT & Tech

• Wipro (Consolidated, QoQ)
o Revenue: ₹22,134 Cr (▼1.65%)
o EBIT: ₹3,548 Cr (▼9.09%)
o Net Profit: ₹3,336 Cr (▼7.02%)
o EBIT Margin: 16.02% (▼132 bps)
o Outlook: Weakness in demand and margin pressure continue.

• LTIMindtree (Consolidated, QoQ)
o Revenue: ₹9,840.6 Cr (▲0.7%)
o Net Profit: ₹1,254.1 Cr (▲11%)
o EBIT Margin: 14.3% (vs 13.8%)
o Order Inflow: $1.63 Bn (vs $1.60 Bn QoQ)
o Outlook: Resilient performance with improving deal wins and margin expansion.

• Tata Communications (Consolidated, QoQ)
o Revenue: ₹5,960 Cr (▼0.5%)
o EBITDA: ₹1,137 Cr (▲1%)
o Net Profit: ₹190 Cr (▼82%)
o Note: Prior quarter had ₹311 Cr exceptional gain.
o Outlook: Operationally stable; profit volatility due to one-offs.

• One 97 Communications (Paytm)
o Incorporated a step-down subsidiary in Saudi Arabia.
o Outlook: Strategic global expansion; regulatory and profitability risks remain.

• Tech Mahindra and TCS under pressure—Tech Mahindra flat; concerns persist in IT amid weak cyclical demand .

Hospitality
• Indian Hotels (Consolidated, YoY)
o Revenue: ₹2,041 Cr (▲31.7%)
o EBITDA: ₹576 Cr (▲28%)
o Net Profit: ₹296 Cr (▲19%)
o Outlook: Strong demand recovery and margin resilience.

• Sunteck Realty (Consolidated, YoY)
o Revenue: ₹188 Cr (▼40.5%)
o EBITDA: ₹47.7 Cr (▲52%)
o Net Profit: ₹33.4 Cr (▲46.8%)
o Pre-Sales: ₹657 Cr (▲31% YoY)
o Outlook: High-margin launches and cost optimization drive profitability despite topline drop.

Infrastructure, Industrials & Real Estate
• Afcons Infra:
o Emerged L1 bidder for two road contracts worth ₹4,535 Cr in Croatia.
o Outlook: Strong order pipeline; international expansion.

• Ambuja Cements:
o Received NSE’s “No Objection” for merger with Sanghi Industries.
o Outlook: Regulatory clearance paves way for consolidation.

• Inox Wind:
o Board approved rights issue of up to ₹1,250 Cr.
o Outlook: Positive for growth capital and debt reduction.

• Bharat Forge:
o Arm Kalyani Strategic Systems set up JV “Aegis Advanced Systems SL” in Spain.
o Outlook: Defence diversification and global expansion.

Cement & Building Materials
• Nuvoco Vistas (Consolidated, YoY)
o Revenue: ₹2,872 Cr (▲8.95%)
o EBITDA: ₹518 Cr (▲51%)
o Net Profit: ₹133 Cr (vs ₹2.25 Cr YoY)
o Outlook: Margin improvement and cost discipline boost earnings.

Automotive & Tyres
• Ceat Ltd (Consolidated, YoY)
o Revenue: ₹3,529 Cr (▲10.5%)
o EBITDA: ₹388 Cr (▲1.3%)
o Net Profit: ₹112 Cr (▼27%)
o Capex: ₹450 Cr for Chennai plant
o Outlook: Input cost pressure and lower margin affect profitability.

Renewables & Power
• Sterling & Wilson Renewable Energy (Consolidated, YoY)
o Revenue: ₹1,762 Cr (▲92.5%)
o EBITDA: ₹85.5 Cr (vs ₹24.7 Cr)
o Net Profit: ₹32 Cr (vs ₹4.2 Cr)
o Outlook: Massive revenue growth and operating leverage playing out.

Retail & Consumer
• UPL Ltd and Varun Beverages flagged as technical picks for trading today
• FMCG trend remained positive for the week, seen as outperforming sector among top performers

Telecom & Infra-Tech
• Reliance Industries set to announce Q1 earnings today; focus on Jio Financial and RIL results
Railtel, TCS etc. monitored for IT & infra tie-ups and tech innovation