Gift Nifty is pointing to a gap-up start for our stock markets.
The Positive Catalyst: 5-stocks which reported spectacular Q2 post Friday’s closing:
1) Reliance delivers robust Q2. RIL Q2FY26 results: Net profit rose 14% to ₹22,092 crore, revenue up 10%
2) HDFC Bank Q2 net profit rises 11% YoY to Rs 18,641 crore; asset quality improves, comfortably surpassed Street estimates. Asset quality improved on a yearly basis.
3) ICICI Bank Q2 net profit rose to Rs 12,359 crore, beating street estimates, driven by lower provisions and strong core performance.
4) UltraTech Cement’s Q2 net profit jumps 75% on-year to Rs 1,232 crore, announces Rs 10,255 crore for capacity expansion
5) PNB reported a 14% year-on-year rise in net profit for the September quarter, supported by steady business growth, improved asset quality, and robust digital adoption. PNB’s net profit rose to ₹4,904 crore, up from ₹4,304 crore in the year-ago period.
Bottom-line: A super bullish day out is quite likely.
7:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+220, 25976)
Dow Futures: (+73, 46264)
Nasdaq 100 Futures (+75, 24893)
Nikkei (+1227, 48814)
Hang Seng (+637, 25884)
Dow Jones (+238, 46191)
Nasdaq Composite (+117, 22680)
Bovespa (+1199, 143399).
WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:
Wall Street stocks rose in Friday’s trade, as investors reacted positively to President Trump’s remarks easing fears of further trade escalation with China, while regional bank stocks rebounded following Thursday’s steep losses.
The S&P 500 and the Nasdaq each gained 0.5%, while Dow Jones rose 239 points. Trump said his proposed 100% tariffs on Chinese goods would not be sustainable.
In the week gone by, the S&P 500 and Dow added 1.7% and the Nasdaq booked a 2.2% rise.
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