Following the sharp gains recorded on Monday, Indian equity markets may witness mild weakness and profit-booking in Tuesday’s trading session. At around 7:15 a.m., Gift Nifty was trading 72 points, or 0.30%, lower at 24,055, indicating a subdued start for domestic markets.
Early indicators suggest investor sentiment remains cautious after Monday’s rally. Market participants are expected to monitor global cues and domestic earnings developments closely during the session.
According to market experts, Indian equities could regain momentum over the medium term if crude oil prices remain contained, the rupee stays stable, and global geopolitical tensions ease.
Uncertainty in global markets continues to influence Indian equities. Investor concerns regarding interest rates in the United States and Europe have not fully subsided, while geopolitical developments in West Asia and other regions continue to affect risk appetite.
Market analysts consider the 23,800 level a key support for the Nifty in the near term, while 24,200 is being viewed as a major resistance level. Positive global signals could enable the index to move beyond this level, according to analysts.
Several companies are scheduled to announce fourth-quarter (Q4) financial results on Tuesday, with earnings expected to influence sentiment in both individual stocks and the broader market. Companies due to report include ONGC, Siemens, Brainbees Solutions (FirstCry), AstraZeneca Pharma India, Gujarat Fluorochemicals, IRCTC, JK Tyre & Industries, Procter & Gamble Health and Senco Gold.
Investors are expected to focus on these companies’ profit, revenue growth, margins and future business strategies.
Container Corporation of India reported a decline in fourth-quarter profit, with net profit falling about 12% year-on-year to Rs 262.7 crore. The company also recorded a marginal decline in revenue. Logistics costs and operational challenges were cited as key reasons behind the weaker performance.
Amara Raja Energy & Mobility reported quarterly results showing profit nearly doubled to more than Rs 314 crore. The company also recorded revenue growth of more than 15%. Rising demand for electric mobility and energy storage solutions appeared to support performance.
Aditya Birla Fashion and Retail reported a wider loss in the fourth quarter. Although the company posted revenue growth, rising costs and competition affected profitability. Investors are expected to monitor the company’s expansion plans and cost-control strategy.
Hitachi Energy India reported a quarterly increase in profit of around 80%, alongside a b rise in revenue. The company benefited from increased investment in power infrastructure and transmission projects in India.
RVNL reported an approximately 59% decline in fourth-quarter profit, although revenue registered marginal growth. Weak profitability may weigh on the stock. Suzlon Energy reported a slight decline in net profit, while revenue increased 45%, indicating continued demand in India’s wind energy sector. Investors are expected to monitor the company’s order book and future projects.
Indian Railway Finance Corporation signed a Rs 13,527 crore loan refinancing agreement for the Hyderabad Metro Rail project. The move is being viewed as an indication of the company’s expansion beyond railway financing into urban transport infrastructure. Analysts said the agreement could create future revenue opportunities for IRFC.
Hindalco Industries indicated that raw material costs could increase further in the coming quarters. Global supply chain disruptions and rising fuel prices may affect the company’s margins. Separately, digital payments company Paytm announced increased investment in its European unit as part of its strategy to strengthen its presence in the global digital payments market.
