Indian equity markets are poised for a negative opening on Friday as GIFT Nifty futures trade lower by 39 points. Several major companies including Vedanta, Adani Group, and Texmaco Rail are in focus following significant corporate developments and regulatory decisions that could influence trading sentiment throughout the session.
about Nifty Futures Signal Negative Start; Vedanta, Adani in FocusAdani Group
0 in Finance and 0 in Crypto last weekIndian Markets Cautious Amid US Tariff Worries, Fed Rate Cut
Indian equity markets are poised for a cautious opening despite strong global cues, as concerns over US tariffs weigh on sentiment. The Federal Reserve’s expected 25 basis point rate cut provided a boost to domestic indices on Thursday, though overnight developments suggest a tempered start. Key developments include progress on India-US trade talks and SEBI’s clearance of the Adani Group.
about Indian Markets Cautious Amid US Tariff Worries, Fed Rate CutStock Market Update Adani Group Stocks Decline Amid Growth Concerns
The stock market is experiencing a downturn, with the Sensex dropping 330 points and Nifty at 23,600, as Adani group stocks face pressure. Concerns over medium-term growth in retail have led to a 15% underperformance against Nifty in CY24, attributed to lower earnings growth in FY25. However, a restoration of mid-teens growth in retail is anticipated, alongside a potential Jio listing and improved O2C profitability by FY26, projecting a 14% EBITDA growth across all segments. Valuations are currently at their lowest since the COVID shock in March 2020.
about Stock Market Update Adani Group Stocks Decline Amid Growth ConcernsITC Demerger Unlocks Value as ITC Hotels Set for Listing
Nifty is at 23,700, with Sensex dropping 960 points, as Adani group stocks face pressure. The ITC demerger has set a price discovery at approximately Rs 455.60, with ITC shareholders receiving one share of ITC Hotels for every ten held. The listing is anticipated by February 2025, with a conservative valuation for ITC Hotels expected between Rs 100-125 per share, potentially unlocking significant shareholder value in the luxury hospitality sector. Investors are encouraged to hold their stocks post-demerger.
about ITC Demerger Unlocks Value as ITC Hotels Set for Listing