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JSWSTEEL

buy COFORGE

buy GLENMARK

buy GUJGASLTD

buy YATRA

buy TBOTEK

buy BAJAJ-AUTO

Duration:12 Month

Target:10

neutral SUZLON

Duration:12 Month

Target:65

buy HOMEFIRST

buy ABREL

buy

JSWSTEEL

buy COFORGE

buy GLENMARK

buy GUJGASLTD

buy YATRA

buy TBOTEK

buy BAJAJ-AUTO

Duration:12 Month

Target:10

neutral SUZLON

Duration:12 Month

Target:65

buy HOMEFIRST

buy ABREL

buy

According to Motilal Oswal Mutual Fund’s Global Market Snapshot report, Indian equity markets displayed mixed performance in May 2026, with broader market segments continuing to outperform large-cap stocks. The Nifty 50 declined 1.87% over the last one month. The index fell 6.48% over three months, 10.13% over six months, and 4.86% on a one-year basis. The Nifty Next 50 gained 2.05% over the month, while delivering returns of&n...

Silver Surges 129% YoY, Microcaps Gain 2.96% While Nifty 50 Slips 1.87% � Motilal Oswal Mutual Fund

Source: Motilal Oswal Mutual Fund
2026-06-17 04:32:28 pm

Fund Folio : Net equity inflows ebb in May�26 to a 12-month low by Motilal Oswal Financial Services Ltd

Key observations * The Nifty consolidated (down 1.9% MoM) in May’26 after rebounding smartly in Apr’26 with a 7.5% MoM gain. Notably, the index remained volatile and hovered around 1,220 points before closing 450 points lower. Notably, the Nifty Midcap 100 and Nifty Smallcap 100 outperformed the Nifty 50 and were up 3.2% and 0.7%, respectively. FIIs recorded outflows for the third consecutive month in May’26 at USD4.9b. In contrast, DII inflows remained strong at USD8.7b....

Fund Folio : Net equity inflows ebb in May�26 to a 12-month low by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2026-06-15 09:36:05 am

FUND FOLIO (June 2026): Net equity inflows ebb in May`26 to a 12-month low by Motilal Oswal Financial services Ltd

SUMMARY: Net equity inflows ebb in May’26 to a 12-month low Key observations * The Nifty consolidated (down 1.9% MoM) in May’26 after rebounding smartly in Apr’26 with a 7.5% MoM gain. Notably, the index remained volatile and hovered around 1,220 points before closing 450 points lower. Notably, the Nifty Midcap 100 and Nifty Smallcap 100 outperformed the Nifty 50 and were up 3.2% and 0.7%, respectively. FIIs recorded outflows for the third consecutive month in May&rsqu...

FUND FOLIO (June 2026): Net equity inflows ebb in May`26 to a 12-month low by Motilal Oswal Financial services Ltd

Source: Motilal Oswal Financial services Ltd
2026-06-13 10:04:07 am

• The benchmark Nifty ended on a marginally lower, supported by renewed buying in select blue-chip stocks and banks from levels. Broader market sentiment remained weak. The Nifty 500 advance-decline ratio stood at 1:3, reflecting widespread profit booking in mid- and small-cap stocks. Persistent FII outflows, escalating geopolitical tensions between the U.S. and Iran, a 3% surge in crude oil prices to around $93 per barrel, and concerns that the U.S. Federal Reserve may adopt a tighter m...

Market Round-up - 11th June 2026 by Motilal Oswal Wealth Mangement Ltd

Source: Motilal Oswal Wealth Mangement
2026-06-11 05:25:47 pm

India Strategy : Corporate profit-to-GDP: Reaches unprecedented heights! by Motilal Oswal Financial Services Ltd

Earnings overcome headwinds: Corporate India’s earnings strength has come to the forefront despite markets being adversely affected by geopolitical challenges and their consequent impact on the Indian economy and corporate earnings. Notably, in 2026, the corporate profit-to-GDP ratio surged to an all-time high of 5.2% for the Nifty-500 Universe. Corporate profits rose at a faster rate of 15.6% YoY in FY26, following a slowdown to 11% YoY in FY25 (which had a high base of +32.6% YoY ...

India Strategy : Corporate profit-to-GDP: Reaches unprecedented heights! by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-11 09:28:08 am

Consumer Sector Update : Exciting exit of FY26; all eyes on 1HFY27 by Motilal Oswal Financial Services Ltd

Positive 4Q print across most categories; inflation concerns may weigh on 1HFY27 * Our widespread consumer coverage universe, a compendium of ~60 consumer companies with a combined revenue of ~INR1.4t in 4QFY26/~INR5.3t in FY26 (INR4.6t in FY25) and a market cap of ~INR31t, delivered aggregate revenue/EBITDA growth of 24%/15% in 4QFY26 and 15%/10% in FY26. Excluding jewelry, aggregate revenue/EBITDA growth stood at 7%/11% in 4QFY26 and 7%/6% in FY26. * Revenue/EBITDA/APAT performance ac...

Consumer Sector Update : Exciting exit of FY26; all eyes on 1HFY27 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-11 09:10:00 am

India Strategy : Earnings growth gains breadth in 4QFY26 by Motilal Oswal Financial Services Ltd

Commodities and Financials drive the quarter; Mid-caps shine * The Nifty-500 delivered robust double-digit earnings growth in 4QFY26, despite heightened geopolitical tensions, disruptions in energy supply dynamics, and a moderating macroeconomic environment. The aggregate earnings of the Nifty-500 universe grew 16% YoY. Excluding Financials, reported aggregate earnings jumped 17% YoY, whereas, excluding Metals and O&G, aggregate earnings grew 12% YoY. * The aggregate sales/EBITDA/ad...

India Strategy : Earnings growth gains breadth in 4QFY26 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-10 09:12:46 am

Plastic Pipes Sector Update : Enters a healthy growth cycle after a volatile FY26 by Motilal Oswal Financial Services Ltd

* The fourth quarter marked a sharp recovery phase for the plastic pipes industry. While Jan-Feb’26 saw gradual improvement in plumbing demand, infrastructure activity, and channel restocking, recovery accelerated sharply in Mar’26 as PVC resin prices surged to ~USD1,150/MT (+64% YoY/+85% QoQ) amid global supply disruptions and West Asia tensions, triggering aggressive advance buying and inventory-led stocking. * However, 1QFY27 may remain challenging due to the sharp ~24% corr...

Plastic Pipes Sector Update : Enters a healthy growth cycle after a volatile FY26 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-09 10:21:44 am

Telecom Sector Update : Tariff hikes key for double-digit revenue growth in FY27 by Motilal Oswal Financial Services Ltd

* FY26 was a steady year for the private telcos, with combined wireless revenue rising ~10% YoY to INR2.7t, although this represented a slowdown from ~13% YoY growth recorded in FY25. The revenue growth in FY26 was largely driven by ~8.5% YoY growth in wireless ARPU (partial benefit of Jul’24 tariff hike and subscriber mix improvements), while consumer wireless subs inched up ~2% YoY. However, with the benefits of the tariff hikes now in the base, the wireless revenue growth moderated t...

Telecom Sector Update : Tariff hikes key for double-digit revenue growth in FY27 by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-09 10:14:21 am

India Strategy : Macro uncertainties mount; Midcaps sustain outperformance by Motilal Oswal Financial Services Ltd

‘Big Tech’ market cap surge dwarfs that of India and other key EMs * The AI-led rally has reshaped global market rankings. In USD terms, India’s market capitalization now trails NVIDIA and Taiwan, despite ranking well ahead of them only a few years ago. * The Nifty-500’s market capitalization is now smaller than Taiwan, South Korea, NVIDIA, Alphabet, and Apple, reflecting the extraordinary scale of the AI and Big Tech boom. Capital, earnings, and investor flows a...

India Strategy : Macro uncertainties mount; Midcaps sustain outperformance by Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd Ltd
2026-06-05 02:02:05 pm

• Equity benchmark indices ended on a flat note, with the Nifty closing at 23,416, as investors remained cautious ahead of the RBI’s monetary policy announcement tomorrow. While the central bank is widely expected to keep interest rates unchanged, market participants will closely track its commentary on inflation, growth, liquidity conditions, and the impact of external risks. Sentiment remained under pressure due to rising geopolitical tensions between the US and Iran, elevated cr...

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...

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

Source: Motilal Oswal Wealth Mangement
2026-05-21 10:14:40 am

Nifty Technical Outlook NIFTY (CMP : 23649) Nifty immediate support is at 23500 then 23333 zone while resistance at 23850 then 24000 zones. Now it has to cross and hold above 23700 zones for an up move towards 23850 then 24000 zones while hold below the same can see some weakness towards 23500 and then 23333 zones. Bank Nifty Technical Outlook BANK NIFTY (CMP : 53537) Bank Nifty support is at 53000 then 52750 zones while resistance at 54000 then 54250 zones. Now it has ...

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

Source: Motilal Oswal Wealth Mangement
2026-05-19 10:13:49 am

NIFTY : 23649 Nifty index opened with a gap down of around 160 points near 23480 zones and slipped towards 23320 marks in the initial hour of the session. Post that bulls stepped in and witnessed a sharp V shaped recovery as index moved towards 23700 zones. Index rallied by more than 350 points from the day’s low and ended the session on a flattish note. It formed a bullish candle with wicks on both sides indicating a clear tug of war between bulls and bears. Now it has to cross and ...

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

Source: Motilal Oswal Wealth Mangement
2026-05-19 10:09:47 am

The mutual fund industry’s total assets under management (AUM) rose 11.1% month-on-month to Rs81.9 trillion in April 2026, while equity AUM increased 11.4% month-on-month to an all-time high of Rs 39.1 trillion, according to Motilal Oswal Financial Services’ latest Fund Folio – Indian Mutual Fund Tracker report. The report noted that net equity inflows moderated to Rs 431 billion in April 2026 from Rs 485 billion in March 2026. Sales of equit...

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

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