0%
Daily Market Update
15-Jul-20251 min readvipin kumar

China’s economy grows 5.2% as factories offset weak consumption- Daily Market Update 15th July 2025

Get a Smart Summary Instantly

Prompt copied

China’s economic growth exceeded expectations in the second quarter, but strong exports to markets outside the US masked deepening pressure caused by weak consumer demand at home. Gross domestic product expanded 5.2% in April-June from a year earlier, according to data released Tuesday by the National Bureau of Statistics.

Overview and Outlook

Global Stock Market Today

  • US equity markets ended on a flat note.
  • European equity markets, barring FTSE, ended on a negative note.
  • Majority of Asian equity markets are trading in green.
  • GIFT Nifty is little changed, Nifty futures likely to open around 25175 levels.

 

News highlights from across the globe

  • US stocks eked out gains on Monday near fresh all-time highs, as President Donald Trump’s latest salvo of tariff threats for Europe and Mexico kept investors on edge as corporate earnings season kicks off this week.
  • Asian equities followed the US in posting a modest gain as traders brushed off Trump’s latest tariff threats as bargaining tactics that are unlikely to derail global trade.
  • Oil held a drop — after slumping by more than 2% on Monday — as Trump’s latest plan to pressure Russia refrained from immediate new measures aimed at hindering Moscow’s energy exports.

 

Important news updates from the domestic front

  • HCLTech Q1 FY26 (Cons, QoQ) revenue up 0.34% at Rs 30349 crore versus Rs 30246 crore. EBIT down 9.18% at Rs 4942 crore versus Rs 5442 crore. EBIT margin down 170 bps at 16.28% versus 17.99%. Net profit down 10.77% at Rs 3843 crore versus Rs 4307 crore.
  • Tata Tech Q1 FY26 Highlights (Cons, QoQ) revenue down 3.2% to Rs 1,244.29 crore versus Rs 1,285.65 crore. EBIT down 17% to Rs 168.81 crore versus Rs 202.26 crore. Margin at 13.6% versus 15.7%. Net Profit down 10% to Rs 170.28 crore versus Rs 188.87 crore.
  • Deepak Fertilizer signed a regasification agreement with Petronet LNG. Under the terms of the agreement, Petronet LNG will regasify approximately 25 TBTUs of LNG annually. The size of the contract in value terms is Rs 1200 crore with an additional outlay of up to 20%, over the contract duration.
  • Sun Pharma has settled its US patent litigation with Incyte Corporation over LEQSELVI. The company to receive a non-exclusive license for non-oncology uses, including alopecia areata, in the US and announced the launch of LEQSELVI (deuruxolitinib) in the US for the treatment of severe Alopecia Areata.
  • Tata Communication: The board to consider the proposal to raise funds Via NCDs in its board meeting on July 17.
  • RVNL received a letter of acceptance for an order worth Rs 447 crore from Delhi Metro Rail Corp.
  • Oberoi Realty: The Committee of Creditors of Hotel Horizon approved a Rs 919 crore resolution plan. The plan was submitted by a consortium including Oberoi Realty, Shree Naman Developers, and JM Financial.  The plan settles all creditor claims and CIRP costs, with payment to be made within 45 days of NCLT approval.
  • ONGC: The board of directors considered and approved the appointment of Shri Om Prakash Sinha as Director (Exploration) of the company.
  • Indian Overseas Bank reduces MCLR by 10 basis points across tenures effective tomorrow.

 

Nifty Overview & Outlook

Benchmark Nifty index ended slightly lower at 25082 spot levels after a cut of 68 points from its previous closing values.

Broader markets outperformed the benchmark as Mid and Small cap indices gained 0.7% & 1.02% respectively.

Majority of sectoral indices, tracked at NSE, ended in green. Amongst them, Realty, Media and Healthcare index were at the top of the tally, gained over 1% each.

Nifty index found support around our mentioned support range of 25000-24800 spot levels. Going ahead, markets are likely to trade with negative bias till it is holding below 23400 spot levels on closing basis. Hence, for the time being, we suggest traders to maintain stocks specific trading approach.

 

Derivatives Overview & Outlook

Yesterday, Nifty futures added 4.4% of open interest as short buildup, some short covering was seen in Midcapnifty futures that shed around 1.5% of open interest while no meaningful activity was seen in Banknifty and Finnifty futures on open interest as well as on price front.

All F&O sectors settled on a positive note. Amongst them, Automobiles, Capital Goods, Pharma and Realty stocks witnessed maximum addition of long positions.

On option front, call writing along with put writing was seen at multiple strikes. Maximum positions are at 25500 CE and 25000 PE. Options data indicating towards negative sentiments.

 

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 1614 Cr in the cash segment, sold index futures worth Rs 3278 Cr also sold stocks futures worth Rs 262 Cr. DIIs were net buyers in the cash segment to the tune of Rs 1788 Cr.

 

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25250-25400; Supports 25080-24980

Banknifty – Resistances 57200-57500; Supports 56700-56400

Finnifty – Resistances 27000- 27100; Supports 26800-26700

 

F&O Security in Ban Today: GLENMARK, HINDCOPPER & RBLBANK

 

IMPORTANT RESULTS TODAY: AWL, HDFCLIFE, ICICIGI, ICICIPRULI & MAHABANK

Disclosure

Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.

AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.

This report has been prepared by GCML and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from GCML. The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. This report should not be construed as an offer to sell or the solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of GCML have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. GCML does not take any responsibility thereof.

Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection.

This report has been prepared by GCML based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by GCML that such information is accurate or complete and/or is independently verified. The contents of this report represent the assumptions and projections of GCML and GCML does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances.

Since GCML or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. GCML or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months.  GCML or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that GCML or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.

Research analyst or GCML or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor GCML are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months. GCML or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.

No material disciplinary action has been taken on GCML by any regulatory authority impacting Equity Research Analysis activities.

The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. GCML reserves the right to make modifications and alternations to this statement, as may be required, from time to time.

Research analyst or GCML or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document.

Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.