Indian stocks may find relief from their four-day losing streak — the longest since March — thanks to buoyant regional markets. However, the near term outlook remains uncertain.
HCL Technologies will be in focus after missing first-quarter profit estimates. Investors will also be keenly watching for updates on the US trade deal and potential regulatory relief for Jane Street.
Stakeholders eye Jane Street’s likely market comeback
A potential return of the US trading giant to the country’s stock market could offer much-needed relief for players like the BSE and Nuvama Wealth, thanks to the prospect of increased options trading volumes.
SEBI said that Jane Street Group has requested the removal of certain restrictions after depositing the $564 million it had been asked to pay. If the regulator takes a favourable view, the move could also give a lift to NSE, whose shares have come under pressure in the private market amid concerns of a hit to valuations from reduced earnings.
DMart’s path to recovery remains uncertain
Avenue Supermarts, which runs DMart stores, posted earnings that missed analysts’ estimates for the ninth straight quarter, as competition from quick commerce firms shows no signs of easing. While there’s been some improvement in like-to-like sales growth, weak margins are keeping analysts cautious. Of the 29 analysts tracking the stock, 13 recommend selling and nine have a hold rating, data compiled by Bloomberg shows.
Hospital stocks struggle on health insurance concerns
Hospital stocks have been sliding following reports that the federal government may play a more active role in managing health insurance claims, as a way to curb overcharging by hospitals. While the idea is still in early stages, analysts at Jefferies say this could make private hospitals cautious about expanding. Still, the sector remains in the spotlight, with many mergers and acquisitions taking place, so Jefferies notes that any dip might offer a buying opportunity.
Analysts actions
- HCL Tech Cut to Neutral at JPMorgan; PT 1,700 rupees
- V-Guard Raised to Buy at Axis Capital Limited; PT 459 rupees
- Lupin Reinstated Equal-Weight at Morgan Stanley; PT 2,096 rupees
Indian equities have been under pressure in recent weeks, with multiple global factors and an underwhelming start to the earnings season weighing on investor mood.
The cautious tone has brought the benchmark Nifty gauge close to falling below its 50-day moving average for the first time since early April, when tariff news roiled global markets.
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Published on July 15, 2025
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