Research Center

Stock Ideas

MANYAVAR

Duration:12 Month

Target:420

neutral DIXON

buy JIOFIN

buy ICICIPRULI

buy ICICIAMC

buy ZENSARTECH

buy KEC

buy CEATLTD

buy ABFRL

neutral ARE&M

Duration:12 Month

Target:878

neutral

MANYAVAR

Duration:12 Month

Target:420

neutral DIXON

buy JIOFIN

buy ICICIPRULI

buy ICICIAMC

buy ZENSARTECH

buy KEC

buy CEATLTD

buy ABFRL

neutral ARE&M

Duration:12 Month

Target:878

neutral

Nifty Technical Outlook NIFTY (CMP : 23913) Nifty immediate support is at 23800 then 23700 zone while resistance at 24100 then 24250 zones. Now it has to hold above 23900 zones for an up move towards 24100 then 24250 zones while on the downside support can be seen at 23800 then 23700 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 55092) Bank Nifty support is at 54750 then 54500 zones while resistance at 55500 then 55750 zones. Now it has to hold above 55000 zones...

Daily Market Insight - 27th May 2026 by Motilal Oswal Wealth Mangement

Source: Motilal Oswal Wealth Mangement
2026-05-27 09:58:43 am

• Equity Benchmark Sensex gained over 200 points and Nifty closed above 23700 levels supported by a sharp decline in crude oil prices, optimism around a potential US-Iran peace agreement, record-high closes in U.S. markets, and a strong recovery in the rupee. • Brent crude prices declined more than 3% to fall below $105 per barrel, while the USD/INR dropped nearly 1% from its recent peak to close near the 95.7 level, significantly improving overall market sentiment. Investors rem...

MOSt Market Roundup : Nifty Rises 94 Points to 23,748; Sensex Gains 231 Points to 75,415 by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Mangement
2026-05-22 05:30:48 pm

S&P BSE Sensex index opened with a gap down of around 400 points near 74800 zones but bulls took charge from the initial tick and pushed the index higher towards 75400 marks. It inched higher in a slow and steady manner throughout the session reflecting sustained buying interest. From the last seven sessions, the index has got stuck in a broad range of around 1500 points and now requires a decisive breakout for the next leg of the move. It formed a bullish candle on daily chart with a lon...

Sensex Sensation Weekly ExpiryReport 21st May 2026 by Motilal Oswal Wealth Mangement

Source: Motilal Oswal Wealth Mangement
2026-05-21 10:30:24 am

Nifty Technical Outlook NIFTY (CMP : 23659) Nifty immediate support is at 23600 then 23400 zone while resistance at 24000 then 24200 zones. Now it has to hold above 23600 zones for an up move towards 24000 then 24200 zones while on the downside support can be seen at 23600 then 23400 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 53562) Bank Nifty support is at 53250 then 53000 zones while resistance at 54000 then 54500 zones. Now it has to hold above 53500 zones...

Equity Inflows Moderate in April; Mutual Fund Equity AUM Hits Record Rs 39.1 Trillion: Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services
2026-05-14 03:28:32 pm

Nifty Technical Outlook NIFTY (CMP : 24032) Nifty immediate support is at 23900 then 23800 zone while resistance at 24150 then 24300 zones. Now it has to hold above 24000 zones for an up move towards 24150 then 24300 zones while supports are placed at 23900 then 23800 zones Bank Nifty Technical Outlook BANK NIFTY (CMP : 54547) Bank Nifty support is at 54250 then 54000 zones while resistance at 55500 then 55250 zones. Now it has to cross and hold above 54750 zones for a ...

Daily Market Insight - 6th May 2026 by Motilal Oswal Wealth Mangement

Source: Motilal Oswal Wealth Mangement
2026-05-06 09:47:25 am

* Equity benchmark indices witnessed sharp selling pressure, with the Sensex tumbling over 900 points and the Nifty slipping below the 25,200 mark. The decline was driven by sustained FII outflows, escalating geopolitical tensions, and investor caution ahead of the outcome of the US–Iran nuclear negotiations, along with ongoing concerns around global trade disruptions. Market participants also remained guarded ahead of the domestic GDP data scheduled for release post-market hours. * ...

MOSt Market Roundup : Sensex Crashes 900+ Points, Nifty Slips Below 25,200 by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Mangement
2026-03-02 10:52:29 am

Company Update : Century Plyboards Ltd by Motilal Oswal Financial Services Ltd

In-line result; large capex announced in plywood and MDF * Revenue/EBITDA/adj. PAT grew 18%/31%/22% YoY (in line). * EBITDA margin at 12.6% expanded 125bp YoY. * Plywood/Laminate/MDF/PB revenue grew 17%/7%/18%/84% YoY. * The company approved the setup of a new unit in Uttar Pradesh for manufacturing plywood and MDF. For More Research Reports : Click Here For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaime...

Company Update : Century Plyboards Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 06:19:43 pm

Company Update : Kalpataru Projects Ltd by Motilal Oswal Financial Services Ltd

In-line revenue/EBITDA, beat on PAT * KPIL reported in-line revenue and EBITDA, while PAT was above our estimates in 3QFY26. * Revenue at INR58b grew 20% YoY, driven by strong execution in T&D, B&F, Oil and Gas, and Urban Infra business. T&D/B&F revenue grew 14%/17% YoY, while O&G/Urban Infra saw strong growth of 56%/79% YoY. Railways grew by 31% YoY, while Water segment continued to witness challenges, declining 26% YoY. * Absolute EBITDA grew 20% YoY to INR5b (i...

Company Update : Kalpataru Projects Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 03:17:21 pm

Fund Folio : Equity AUM rises for the 12th successive year; net inflows moderate in CY25 by Motilal Oswal Financial Services Ltd

Key observations * CY25 concluded with yet another year of positive returns for the Indian markets, marking the tenth consecutive year of positive returns. The Nifty touched a fresh high of 26,326 before ending CY25 at 26,130, up 10.5% YoY. The year was marked as one of the most volatile years for Indian equity markets. Geopolitical tensions, US trade-tariff headwinds, the Japan carry-trade unwind, sharp INR depreciation, moderate domestic corporate earnings, muted consumption growth, and ...

Fund Folio : Equity AUM rises for the 12th successive year; net inflows moderate in CY25 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd0
2026-02-27 12:38:48 pm

Company Update : Inventurus Knowledge Solutions Ltd by Motilal Oswal Financial Services Ltd

Broadly in-line performance * 3Q USD revenue at INR92.5m was up 18.7% YoY and 2.5% QoQ. * INR revenue at INR8.2b was up 24% YoY, in line with our est. of INR8.2b. * EBITDA grew 55.2% YoY to INR2.8b (est. INR2.8b) with EBITDA margin of 34.6% (+700bp YoY, -20bp QoQ). * PAT rose 41.4% YoY to INR1.8b (est. INR1.9b). ? Over 90% of its revenue came from repeat customers. * Top-5 and Top-10 clients have average vintage of more than five years. * Client organizations at 600 vs. 700 ...

Company Update : Inventurus Knowledge Solutions Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 12:37:27 pm

Company Update : Global Health Ltd by Motilal Oswal Financial Services Ltd

In-line revenue; Noida opex leads to a miss on EBITDA/PAT3 * In 3QFY26, sales grew 18.8% YoY to INR11.2b (vs. our est: INR10.7b). * EBITDA margin dipped 620bp YoY to 19.4% YoY (our est: 22.4%), due to increased opex (partly on account of the commencement of Noida hospital). Employee costs/other expenses rose 330bp/440bp YoY as % of revenue. * Medanta’s EBITDA declined 9.9% YoY to INR2.2b (vs our est: INR2.4b). * Medanta had a one-time expense of INR366m on account of the inc...

Company Update : Global Health Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 12:23:56 pm

Company Update : Apollo Tyres Ltd by Motilal Oswal Financial Services Ltd

Earnings in line with estimates * 3QFY26 consolidated revenue grew 11.8% YoY to INR77.4b (in line with estimate of INR75b). * Gross margins grew 350bp YoY (-30bp QoQ) to 45% (in line with estimates), primarily due to cooling rubber prices. * Consequently, margins also came in line at 15.3%, up ~170bp YoY. * EBITDA grew 25.2% YoY to INR11.9b, in line with our estimate of INR11.6b. * The company incurred a one-time expense of INR271m as estimated costs due to the change in labor ...

Company Update : Apollo Tyres Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 12:14:33 pm

Company Update : Cummins India Ltd by Motilal Oswal Financial Services Ltd

Broadly in-line performance * Cummins India’s results were broadly in line with our estimates on revenue and PAT, while EBITDA beat our estimates. *Revenue declined 1% YoY to INR30.6b, 4% above our estimate of INR29.4b. * Domestic sales declined 2% YoY to INR25.4b (6% above our estimates), while export sales increased 2% YoY to INR4.7b (9% below our estimates). * Gross margin at 37.9% saw a 310bp YoY expansion. This led to an EBITDA margin expanding 140bp YoY to 20.8%. This ...

Company Update : Cummins India Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services ltd
2026-02-27 12:09:05 pm

* The Nifty 50 ended marginally higher, supported by gains in metal, auto, pharma, and technology stocks, as upbeat global cues lifted overall market sentiment. However, the index retreated nearly 250 points, or about 1%, from its intraday high above 25,650 amid a cautious approach by traders due to lingering uncertainty over global trade disruptions. The Nifty ultimately closed 57 points higher, up 0.2%, at 25,482 after touching an intraday high of 25,652. * Market breadth remained positi...

MOSt Market Roundup: Nifty index opened positive but failed to hold above its 50 DEMA and dropped from 25650 zones by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-02-25 06:03:30 pm

Precious Metals Quarterly Report February 2026 by Motilal Oswal Financial Services Ltd

Gold's extraordinary bull-run reached new heights in early 2026, decisively breaking through $5,000 barrier as a confluence of structural and cyclical forces aligned to create one of the most powerful precious-metal environments in modern history. Throughout 2025, global gold demand surpassed 4,800 tons, overwhelming mine production by more than 500 tons. This imbalance was driven primarily by central banks, which net-purchased around 1,000 tons for the fourth consecutive year-the most su...

Precious Metals Quarterly Report February 2026 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-02-25 11:46:47 am

Gold Re-rates as Geopolitical Risk, Fiscal Pressures and Reserve Diversification Accelerate: Motilal Oswal Financial Services Ltd

Gold has entered a structural repricing phase, supported by weakening trust in global monetary systems, rising geopolitical tensions, tightening physical supply, and a clear shift in how countries manage their reserves, according to the latest Precious Metals Quarterly Report by Motilal Oswal Financial Services Limited. Gold prices crossed the USD 5,000 per ounce mark in early 2026, marking one of the strongest long-term bull phases in modern history. The report highlights that this r...

Gold Re-rates as Geopolitical Risk, Fiscal Pressures and Reserve Diversification Accelerate: Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-02-25 11:27:18 am

* Benchmark equity indices ended higher, supported by improved global and domestic cues. The rally gathered pace after the Supreme Court of the United States struck down a large portion of President Donald Trump’s sweeping global tariff policy on Friday. The reduction in US import tariffs from 18% to 15% further boosted investor confidence. * The Nifty closed above the 25,700 mark, while the Sensex climbed nearly 500 points. The Sensex rose 480 points, or 0.60%, to settle at 83,294, ...

MOSt Market Roundup : Nifty index opened positive but failed to hold its opening highs above 25750 zones and drifted lower throughout the session by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-02-23 06:22:37 pm

Order run-rate at pre-regulation levels; MTF book at an all-time high Angel One (ANGELONE) released its key business numbers for Nov’25. Here are the key takeaways: * ANGELONE’s gross client acquisition at 0.74m grew 9% MoM in Jan’26 (+13% YoY), taking the total client base to ~36.4m. * The average MTF book grew 5% MoM to an all-time high of ~INR61.2b (+46% YoY) in Jan’26. * The number of orders rose 14% MoM to 146.7m for Jan’26 (up 16% YoY; highest s...

Company Update : Angel One Ltd by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-02-10 05:52:00 pm

FII & DII allocations in BFSI and global commodities climb * Recent positives regain the narrative! CY25 ended with positive returns for Indian markets, despite significant volatility and record FII selling driven by geopolitical tensions and other headwinds. However, sentiment reversed swiftly following the announcement of the long-awaited Indo-US trade deal. Coming shortly after the Indo-EU Free Trade Agreement, these pacts—alongside earlier agreements with the UK, EFTA, and Ne...

India Strategy : Ownership analysis � DIIs consolidate control; anchor equities by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-02-09 01:26:36 pm

Nifty Technical Outlook NIFTY (CMP : 25642) Nifty immediate support is at 25500 then 25350 zones while resistance at 25800 then 26000 zones. Now it has to hold above 25500 zones for an up move towards 25800 then 26000 zones while supports are seen at 25500 then 25350 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 60063) Bank Nifty support is at 59750 then 59500 zones while resistance at 60250 then 60500 zones. Now it has to hold above 60000 zones for an up move towards 602...

MOSt Market Outlook : Nifty immediate support is at 25500 then 25350 zones while resistance at 25800 then 26000 zones by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-02-06 09:55:32 am

• Equity benchmark Nifty slumped over 2%, marking one of the sharpest Budget-day declines since 2020, as investor sentiment weakened following the Finance Minister’s announcement of a hike in Securities Transaction Tax (STT) in the derivatives segment. After initial volatility, the Sensex staged a brief recovery but erased all gains amid the Budget presentation, plunging nearly 2,800 points, or 3.2%, from the intraday high to slip below the 80,000 mark during afternoon trade. The N...

MOSt Market Roundup : Nifty index opened flattish and despite touching 25440, it sharply fell post the Union Budget announcements and broke to 24570 zones by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-02-05 02:33:29 pm

Global Market Setup * US markets gained yesterday, the second straight day of gains, after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted economic resilience. * US Q3 GDP reported better than expectation at 4.4%, while US PCE reported inline with expectation at 3.5%. * Dow jones rose 0.6%, S&P500 gained +0.6% and Nasdaq was up +0.9% * European indices gained ~1% * Dow futures are currently trading ~0.1% higher * The Asian i...

MOSt Market Outlook : Nifty immediate support is at 25150 then 25000 zones while resistance at 25450 then 25600 zones by Motilal Oswal Wealth Mangement

Source: Motilal Oswal Wealth Mangement
2026-01-23 09:25:53 am

Oil & Gas Sector Update: Macro volatility crimps margin of safety By Motilal OswalFinancial Services Ltd

* Macro headwinds have intensified, narrowing the margin of safety across the Oil & Gas sector. INR depreciation (~6% YoY in 3QFY26) continues to weigh on OMC/CGD margins, partially offsetting benefits from softer crude prices. Refining margins, which spiked in Nov’25 (SG GRM averaged USD9.8/bbl, up 47%/63% MoM/YoY) amid supply dislocations and geopolitical risks, have moderated as planned maintenance concluded and incremental global capacity came onstream, limiting earnings upside ...

Oil & Gas Sector Update: Macro volatility crimps margin of safety By Motilal OswalFinancial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-20 04:46:42 pm

The Economy Observer : FY27 Budget Preview: Defense-led capex growth by Motilal Oswal Financial Services ltd

FY27 Budget Preview: Defense-led capex growth We expect the FY27 Union Budget to mark a pivotal moment in India’s fiscal framework, with the gross fiscal deficit targeted at 4.3% of GDP, lower than 4.4% in FY26. This underscores the government’s commitment to gradual fiscal consolidation and its shift toward debt-to-GDP as the primary fiscal anchor, in line with global best practices. Given the emphasis on fiscal discipline, we do not expect any populist measures or large tax g...

The Economy Observer : FY27 Budget Preview: Defense-led capex growth by Motilal Oswal Financial Services ltd

Source: Motilal Oswal Financial Services ltd
2026-01-20 03:05:59 pm

MOSt Market Roundup : Markets End Volatile as Nifty Slips 0.6% from Intra-day High by Motilal Oswal Wealth Mangement

Equity benchmark Nifty ended marginally higher, supported by gains in technology stocks following strong quarterly earnings from IT major Infosys. The market remained highly volatile throughout the session, with the Nifty retreating nearly 200 points, or 0.6%, from its intra-day high. Persistent selling by foreign institutional investors and the lack of progress on the US–India trade agreement continued to weigh on overall market sentiment. * The Nifty rose 27 points, or 0.1%, to clo...

MOSt Market Roundup : Markets End Volatile as Nifty Slips 0.6% from Intra-day High by Motilal Oswal Wealth Mangement

Source: Motilal Oswal Wealth Mangement
2026-01-17 11:50:40 am

MOSt Market Roundup : Nifty future closed negative with losses of 0.24% at 25728 levels by Motilal Oswal Wealth Management

Market Update Nifty : 25,665.60 -66.70 (-0.26%) Sensex : 83,382.71 -244.98 (-0.29%) * Profit booking in heavyweight stocks such as Asian Paints, TCS, Maruti, Hindustan Unilever and ICICI Bank dragged the Nifty marginally lower, with the index closing below the 25,700 mark. Continued FII selling and delays in progress on the US–India trade agreement remained key concerns for the market. * However, the Nifty PSU Bank and Metal indices surged to record highs despite underp...

MOSt Market Roundup : Nifty future closed negative with losses of 0.24% at 25728 levels by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-14 04:54:02 pm

Sensex support is at 83300 then 83000 zones while resistance at 83900 then 84200 zones - Motilal Oswal Wealth Management

Nifty Technical Outlook NIFTY (CMP : 25732) Nifty immediate support is at 25650 then 25500 zones while resistance at 25950 then 26150 zones. Now it has to cross and hold above 25800 for strength to rebuild towards 25900 then 26000 marks while support can be seen at 25600 then 25500 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 59578) Bank Nifty support is at 59250 then 59000 zones while resistance at 59750 then 60000 zones. Now it has to hold above 595...

Sensex support is at 83300 then 83000 zones while resistance at 83900 then 84200 zones - Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-14 11:24:49 am

Cement Sector Update: Robust volume supports earnings growth By Motilal OswalFinancial Services Ltd

Demand recovery seen; prices remained weak sequentially in 3Q * We estimate our cement coverage universe (incl. GRASIM) to post ~19%/42%/ 65% YoY growth in revenue/EBITDA/PAT in 3QFY26. Aggregate cement volume is likely to grow ~17% YoY to 108mt, aided by inorganic growth. However, on a like-to-like basis, volume growth is estimated at ~10% YoY. Blended realization is estimated to grow ~1% YoY (down ~2% QoQ) to INR5,359/t. We estimate EBITDA/t to rise ~21% YoY (down ~1% QoQ) to INR890. Ave...

Cement Sector Update: Robust volume supports earnings growth By Motilal OswalFinancial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 11:15:04 am

Oil & Gas Sector Update : OMCs to drive earnings in 3QFY26 By Motilal Oswal Financial Services Ltd

* We expect our coverage universe to report: 1) 4% decline in sales YoY (+3% YoY excluding OMCs), 2) 16% YoY growth in EBITDA (+3% YoY excluding OMCs), and 3) 25% YoY growth in PAT (down 2% YoY excluding OMCs) in 3QFY26. * RIL: Consol. EBITDA is expected to grow 9% YoY to INR479b. We estimate EBITDA of INR161b (up 6% YoY) for the standalone business, INR178b (up 15% YoY) for RJio, and INR68b (up 4% YoY) for the retail business. Production meant for sale is likely to stand at 17.7mmt (flat ...

Oil & Gas Sector Update : OMCs to drive earnings in 3QFY26 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 11:09:21 am

Healthcare Sector Update : EBITDA growth trails revenue growth for third straight quarter by Motilal Oswal Financial Services

Chronic-led DF growth and capacity expansion to shape sectoral trends We expect pharma companies to deliver steady growth in aggregate revenue in 3QFY26, supported by improving domestic formulations (DF) momentum. However, increased competition in select products for US market and slower pace of potential launches should keep EBITDA growth trend in check. Aggregate DF sales are projected to grow 8.7% YoY to INR256b, led by continued outperformance of chronic therapies, while acute therapie...

Healthcare Sector Update : EBITDA growth trails revenue growth for third straight quarter by Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services Ltd
2026-01-10 10:55:06 am

Capital Goods & Defense Sector Update : Select pockets continue to grow by Motilal Oswal Financial Services Ltd

We expect execution growth to remain healthy for our coverage companies in the capital goods universe, driven by strong order inflows and order books for them. While ordering remains strong across thermal power, renewables, T&D, data centers, buildings & factories, and defense, it is very selectively picking up from the domestic private sector. Government capex growth has remained healthy in 8MFY26, primarily driven by defense, and is expected to pick up from railways over the next fe...

Capital Goods & Defense Sector Update : Select pockets continue to grow by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 10:47:46 am

India Strategy : Indian market manages double-digit gain in volatile CY25 by Motilal Oswal Financial Services Ltd

Nifty-50 posts gains for 10th consecutive year * Indian equity markets delivered yet another year of positive returns despite a highly volatile environment. In CY25, the Nifty 50 rose 11% YoY, while the Nifty Midcap-100 gained 6% YoY. In contrast, the Nifty Smallcap-100 declined 6% YoY. * Given the year of consolidation, returns remained well below the 3-, 5-, and 10-year CAGR. India lags global peers in CY25, remains among the top performers in the decade * While In...

India Strategy : Indian market manages double-digit gain in volatile CY25 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 10:25:38 am

Automobiles Sector Update : Strong demand and stable costs to drive healthy earnings growth By Motilal Oswal Financial Services Ltd

Strong demand and stable costs to drive healthy earnings growth Demand sustenance post festive has been encouraging * Aggregate auto demand for all OEMs in our coverage universe grew 17% YoY for 3Q. Key to highlight is that demand has been healthy across all segments: 2W and PVs up 17% each, CVs up 22%, and tractors up 21%. Further, demand has sustained even after the festive season, which is the key positive. * On the back of a healthy recovery in volumes, auto OEM companies under ...

Automobiles Sector Update : Strong demand and stable costs to drive healthy earnings growth By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 10:19:00 am

Consumer Goods Sector Update : Print appears to be improving; jewelry continues to outperform by Motilal Oswal Financial Services Ltd

Within our consumer coverage universe, almost all segments are expected to see an improvement in revenue/EBITDA growth YoY in 3QFY26 — staples +9%/+7%, paints & adhesives +8%/+11%, liquor +7%/+12%, innerwear +6%/+2%, QSR +13%/+10%, and jewelry +31%/+20%. * Staples companies are expected to report sequential improvement in revenue growth. Post GST 2.0, the disruption continues for Oct and partially in November (nearly 40-45 days affected). Thereafter, partial restocking supp...

Consumer Goods Sector Update : Print appears to be improving; jewelry continues to outperform by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 10:11:16 am

Bulls and Bears : Nifty bids adieu to CY25 with 10.5% returns; DII inflows and FII outflows at record high by Motilal Oswal Financial Services Ltd

Nifty bids adieu to CY25 with 10.5% returns; DII inflows and FII outflows at record high * Nifty hits record high, bids adieu to CY25 with 10.5% returns: CY25 concluded with yet another year of positive returns for the Indian markets, marking the tenth consecutive year of positive returns. The Nifty touched a fresh high of 26,326 before ending CY25 at 26,130, up 10.5% YoY. The Nifty ended its three-month winning streak in Dec’25. The Nifty touched a fresh high of 26,326 before closin...

Bulls and Bears : Nifty bids adieu to CY25 with 10.5% returns; DII inflows and FII outflows at record high by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 09:46:05 am

Automobiles Sector Update : 2025 ends on a strong note By Motilal Oswal Financial Services Ltd

Auto wholesales remained strong in Dec’25 and surpassed our expectations for quite a few OEMs. We attribute this strong demand momentum in wholesales to: 1) positive consumer sentiment led by GST rate cuts, 2) strong marriage season in Nov’25 after an equally strong festive season, 3) relatively low base given weak demand macro last year. These factors resulted in robust wholesale growth for most OEMs across segments. PV wholesales for the four listed players grew 18.5% YoY, led b...

Automobiles Sector Update : 2025 ends on a strong note By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 09:39:41 am

IT Sector Update : Indian IT: Looking beyond 3Q noise by Motilal Oswal Financial Services Ltd

Seasonal softness persists as focus shifts to CY26 demand signals * After some respite in 2QFY26 on beaten-down expectations, we expect seasonal furloughs to weigh on growth in 3QFY26. We think markets are likely to look through this seasonality and instead focus on signals around the demand environment from client budgeting for CY26. Amid macro-tariff uncertainty and a new tech cycle, we believe clients remain cautious on committing incremental spending to large programs. As a result, we ...

IT Sector Update : Indian IT: Looking beyond 3Q noise by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-10 09:25:53 am

MOSt Market Roundup : Nifty future closed negative with losses of 1.03% at 25965 levels by Motilal Oswal Wealth Management

Market Update Nifty : 25,876.85 -263.90 (-1.01%) Sensex : 84,180.96 -780.18 (-0.92%) * Equity benchmark indices extended their losing streak for a fourth straight session as Sensex slipped nearly 800 points and Nifty closed below 25900 level. Investor sentiment remained cautious amid tariff-related concerns, sustained foreign fund outflows and mixed global cues. Market volatility stayed elevated, reflecting broad-based nervousness, with India VIX jumping over 6% to hover above t...

MOSt Market Roundup : Nifty future closed negative with losses of 1.03% at 25965 levels by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-08 06:11:18 pm

MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 26329 levels by Motilal Oswal Wealth Management

Market Update Nifty : 26,140.75 -37.95 (-0.14%) Sensex : 84,961.14 -102.20 (-0.12%) * Indian equities extended losses for a third consecutive session, with the Sensex and Nifty edging lower amid selling pressure in heavyweight stocks, rising geopolitical concerns, and weak global cues that dampened investor sentiment. Continued selling by FIIs and delays in the US–India trade deal further weighed on market mood. Realty, auto, and financial stocks saw profit booking. ...

MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 26329 levels by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-07 05:44:59 pm

Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones - Motilal Oswal Wealth Management

Nifty Technical Outlook NIFTY (CMP : 26250) Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones. Now it has to hold above 26250 zones for an up move towards 26400 and 26500 zones while supports can be seen at 26150 then 26050 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 60044) Bank Nifty support is at 59750 then 59500 zones while resistance at 60437 then 60750 zones. Now it has to hold above 60000 zones for ...

Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones - Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-06 11:23:59 am

Market Update Nifty : 26,250.30 -78.25 (-0.30%) Sensex : 85,439.62 -322.39 (-0.38%) * Equity benchmark Nifty slipped close to 100 points to end below the 26,300 mark, weighed down by sharp selling in IT stocks and weakness in heavyweights such as Reliance Industries and HDFC Bank. Profit booking emerged near record highs of 26,373, while continued FII outflows and rising geopolitical tensions kept market sentiment cautious. Despite the broader weakness, strong buying interest wa...

MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 26329 levels by Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-05 05:27:08 pm

Nifty immediate support is at 26200 then 26100 zones while resistance at 26500 then 26600 zones - Motilal Oswal Wealth Management

Nifty Technical Outlook NIFTY (CMP : 26328) Nifty immediate support is at 26200 then 26100 zones while resistance at 26500 then 26600 zones. Now it has to hold above 26250 zones for an up move towards 26500 and 26600 zones while supports can be seen at 26200 then 26100 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 60150) Bank Nifty support is at 60000 then 59750 zones while resistance at 60500 then 60750 zones. Now it has to hold above 60000 zones for an u...

Nifty immediate support is at 26200 then 26100 zones while resistance at 26500 then 26600 zones - Motilal Oswal Wealth Management

Source: Motilal Oswal Wealth Management
2026-01-05 10:26:43 am

Auto demand continued to be upbeat across all segments even in Dec’25. As per retail trends in Vahan, all segments are likely to post double-digit growth in the month. In the PV segment, we expect the four listed players to post 19% YoY growth in dispatches. Except HMIL, we expect the other three PV OEMs to post 20% and above growth in the month. In 2Ws, aggregate retail growth for the top four players is expected to be around 10%, while dispatches are expected to grow 20% as OEMs look ...

Automobiles Sector Update : 2025 ends on a strong note by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-04 05:32:35 pm

The Economy Observer : Nov�25 IIP: Strong rebound, mfg. leads recovery by Motilal Oswal Financial Services Ltd

Nov’25 IIP: Strong rebound, mfg. leads recovery * In Nov’25, IIP growth rebounded to 6.7% YoY (vs. 0.5% YoY in Oct’25), led by a broad-based acceleration in the manufacturing sector. Mining output improved sequentially, while electricity output remained a drag. * IIP performance in Nov’25 was significantly better than expected, indicating a recovery from the seasonal softness seen in Oct’25 (festive holidays, fewer working days) and suggesting that the earl...

The Economy Observer : Nov�25 IIP: Strong rebound, mfg. leads recovery by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-04 04:44:13 pm

Defence Sector Update : YTD DAC approvals nearly 2x the capital outlay by Motilal Oswal Financial Services Ltd

YTD DAC approvals nearly 2x the capital outlay India’s Defense Acquisition Council (DAC) has approved capital acquisition proposals worth INR790b in its winter session, taking FY26 YTD approvals to ~INR3.3t, nearly double the capital outlay on defense of INR1.8t. The approvals span across a wide spectrum of capabilities, including munitions, missiles, air defense systems, surveillance and communication equipment, training systems, and naval support platforms, reflecting a balanced mo...

Defence Sector Update : YTD DAC approvals nearly 2x the capital outlay by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-01-04 04:37:17 pm

Research Center

Stock Ideas

Daily Market Insight - 27th May 2026 by Motilal Oswal Wealth Mangement

MOSt Market Roundup : Nifty Rises 94 Points to 23,748; Sensex Gains 231 Points to 75,415 by Motilal Oswal Wealth Management

Sensex Sensation Weekly ExpiryReport 21st May 2026 by Motilal Oswal Wealth Mangement

Daily Market Insight - 21st May 2026 by Motilal Oswal Wealth Mangement

Daily Market Insight - 19th May 2026 by Motilal Oswal Wealth Mangement

Nifty Expiry Report 19th May 2026 by Motilal Oswal Wealth Mangement

Equity Inflows Moderate in April; Mutual Fund Equity AUM Hits Record Rs 39.1 Trillion: Motilal Oswal Financial Services

Daily Market Insight - 6th May 2026 by Motilal Oswal Wealth Mangement

MOSt Market Roundup : Sensex Crashes 900+ Points, Nifty Slips Below 25,200 by Motilal Oswal Wealth Management

Company Update : Century Plyboards Ltd by Motilal Oswal Financial Services Ltd

Company Update : Kalpataru Projects Ltd by Motilal Oswal Financial Services Ltd

Fund Folio : Equity AUM rises for the 12th successive year; net inflows moderate in CY25 by Motilal Oswal Financial Services Ltd

Company Update : Inventurus Knowledge Solutions Ltd by Motilal Oswal Financial Services Ltd

Company Update : Global Health Ltd by Motilal Oswal Financial Services Ltd

Company Update : Apollo Tyres Ltd by Motilal Oswal Financial Services Ltd

Company Update : Cummins India Ltd by Motilal Oswal Financial Services Ltd

MOSt Market Roundup: Nifty index opened positive but failed to hold above its 50 DEMA and dropped from 25650 zones by Motilal Oswal Wealth Management

Precious Metals Quarterly Report February 2026 by Motilal Oswal Financial Services Ltd

Gold Re-rates as Geopolitical Risk, Fiscal Pressures and Reserve Diversification Accelerate: Motilal Oswal Financial Services Ltd

MOSt Market Roundup : Nifty index opened positive but failed to hold its opening highs above 25750 zones and drifted lower throughout the session by Motilal Oswal Wealth Management

Company Update : Angel One Ltd by Motilal Oswal Financial Services Ltd

India Strategy : Ownership analysis � DIIs consolidate control; anchor equities by Motilal Oswal Financial Services Ltd

MOSt Market Outlook : Nifty immediate support is at 25500 then 25350 zones while resistance at 25800 then 26000 zones by Motilal Oswal Wealth Management

MOSt Market Roundup : Nifty index opened flattish and despite touching 25440, it sharply fell post the Union Budget announcements and broke to 24570 zones by Motilal Oswal Wealth Management

MOSt Market Outlook : Nifty immediate support is at 25150 then 25000 zones while resistance at 25450 then 25600 zones by Motilal Oswal Wealth Mangement

Oil & Gas Sector Update: Macro volatility crimps margin of safety By Motilal OswalFinancial Services Ltd

The Economy Observer : FY27 Budget Preview: Defense-led capex growth by Motilal Oswal Financial Services ltd

MOSt Market Roundup : Markets End Volatile as Nifty Slips 0.6% from Intra-day High by Motilal Oswal Wealth Mangement

MOSt Market Roundup : Nifty future closed negative with losses of 0.24% at 25728 levels by Motilal Oswal Wealth Management

Sensex support is at 83300 then 83000 zones while resistance at 83900 then 84200 zones - Motilal Oswal Wealth Management

Cement Sector Update: Robust volume supports earnings growth By Motilal OswalFinancial Services Ltd

Oil & Gas Sector Update : OMCs to drive earnings in 3QFY26 By Motilal Oswal Financial Services Ltd

Healthcare Sector Update : EBITDA growth trails revenue growth for third straight quarter by Motilal Oswal Financial Services

Capital Goods & Defense Sector Update : Select pockets continue to grow by Motilal Oswal Financial Services Ltd

India Strategy : Indian market manages double-digit gain in volatile CY25 by Motilal Oswal Financial Services Ltd

Automobiles Sector Update : Strong demand and stable costs to drive healthy earnings growth By Motilal Oswal Financial Services Ltd

Consumer Goods Sector Update : Print appears to be improving; jewelry continues to outperform by Motilal Oswal Financial Services Ltd

Bulls and Bears : Nifty bids adieu to CY25 with 10.5% returns; DII inflows and FII outflows at record high by Motilal Oswal Financial Services Ltd

Automobiles Sector Update : 2025 ends on a strong note By Motilal Oswal Financial Services Ltd

IT Sector Update : Indian IT: Looking beyond 3Q noise by Motilal Oswal Financial Services Ltd

MOSt Market Roundup : Nifty future closed negative with losses of 1.03% at 25965 levels by Motilal Oswal Wealth Management

MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 26329 levels by Motilal Oswal Wealth Management

Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones - Motilal Oswal Wealth Management

MOSt Market Roundup : Nifty future closed negative with losses of 0.48% at 26329 levels by Motilal Oswal Wealth Management

Nifty immediate support is at 26200 then 26100 zones while resistance at 26500 then 26600 zones - Motilal Oswal Wealth Management

Automobiles Sector Update : 2025 ends on a strong note by Motilal Oswal Financial Services Ltd

The Economy Observer : Nov�25 IIP: Strong rebound, mfg. leads recovery by Motilal Oswal Financial Services Ltd

Defence Sector Update : YTD DAC approvals nearly 2x the capital outlay by Motilal Oswal Financial Services Ltd