There are indications of a weak start in the stock market on Monday, the first day of the trading week. At around 7:30 in the morning, GIFT Nifty was seen trading at 23,540, down 168 points or 0.71 percent, due to which the domestic market is expected to open with pressure.
Business News: The trading week in the Indian stock market may start with pressure. Increasing uncertainty in global markets, tension in the Middle East and sharp rise in crude oil prices have increased the concern of investors. GIFT Nifty declined on Monday morning, indicating that domestic equity markets may have a weak start.
At around 7:30 am, GIFT Nifty was seen falling 168 points or 0.71 percent and trading around 23,540. This indicates that investors’ sentiment remains cautious at the moment. Apart from this, selling was also seen in Asian markets, which further weakened the market sentiment.
Oil market boils due to Middle East crisis
The biggest reason for the rise in the global oil market is the increasing geopolitical tension in the Middle East. Recent developments related to Iran and increasing military discussions between America and Israel have increased volatility in international markets. According to reports, the situation has become more sensitive after the attack on a nuclear power plant in UAE.
Along with this, there have also been reports that US President Donald Trump may discuss possible military options against Iran. This tension has increased global concerns about energy supply. In morning trade according to Indian time, WTI crude rose by about 2.23 percent to $ 107.77 per barrel.
At the same time, Brent crude was seen trading at $ 111.25 per barrel with a rise of about 1.82 percent. This surge in oil prices could raise inflation and trade deficit concerns for import-dependent countries like India.
These stocks will remain under watch due to Q4 results
Many major companies are going to release their fourth quarter (Q4) results on Monday. In such a situation, stock-specific activities may remain intense in the market. The companies on which investors will keep a special eye include Indian Oil Corporation, Ola Electric Mobility, Astral, Indraprastha Gas, Triveni Turbine and Zydus Wellness.
Apart from this, the results of companies like DOMS Industries, GE Vernova T&D India, JSW Cement, Puravankara and Strides Pharma Science can also play an important role in deciding the direction of the market.
Stocks with strong quarterly performance
- Tata Steel: Steel sector giant Tata Steel has presented strong quarterly results. The company’s net profit increased by almost 147 percent on an annual basis to Rs 2,965 crore. The company’s revenue increased by 12.5 percent to Rs 63,270 crore. Due to strong earnings, investors may keep an eye on this stock.
- ITC Hotels: ITC Hotels has also recorded better performance. The company’s profit rose 23 per cent to Rs 315.9 crore, while revenue grew by over 18 per cent. The company has benefited from increasing demand in tourism and hotel sectors.
- Power Grid and SAIL: Power Grid Corporation of India reported nearly 10 percent increase in profit, although there was a decline in revenue. On the other hand, the profit of Steel Authority of India Limited (SAIL) increased by more than 46 percent, which can create a positive sentiment in the metal sector.
- Godfrey Phillips: Godfrey Phillips India, associated with the FMCG and tobacco sectors, also presented strong financial results. The company’s profit increased by more than 86 percent, while revenue recorded double-digit growth.
There may be increased activity in the coal sector with the government’s approval for the possible listing of Mahanadi Coalfields, a subsidiary of Coal India. RBL Bank has informed that the process of regulatory approvals has been completed to take forward the strategic investment proposal of Emirates NBD Bank. This may increase activity in banking stocks.
At the same time, business updates related to Adani Ports and Special Economic Zone, HFCL and Aurobindo Pharma can also attract the attention of investors.
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