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The Street will react to major earnings reports from SBI, Divi’s Laboratories, Titan, and Britannia when markets resume trading on Monday. Additionally, 922 BSE-listed companies will announce April-June earnings, including Bharti Airtel and Tata Power. Indian markets will take cues from US market closures and GIFT Nifty futures.

Sectorally, there was buying in healthcare stocks, while profit-taking was observed in IT, auto, metal, and real estate sectors.

Net Interest Income (NII), or the difference between the income earned on lending and cost of borrowing, increased 6% from a year ago to ₹6,275.8 crore, the bank said on Saturday.

The 25,000 level is significant given the events and volatility of recent months and weeks. The markets are currently in a euphoric phase, and it’s beneficial to ride the momentum while it lasts. However, some global factors suggest a need for caution, making level-based trading crucial, says Sahaj Agarwal.

Nagaraj Shetti of HDFC Securities highlighted that healthcare, infra, and oil and gas sectors appeared strong, with no signs of reversals. He anticipated a healthy correction in Nifty, followed by a bounce back. The article also mentioned the positive performance of upcoming IPOs and mid and smallcap segments.

FPIs purchased a significant amount of domestic shares in July 2024, amounting to Rs 32,365 crore. This buying trend continued from June, where they also invested heavily. However, there was a period of net selling in April and May, where they offloaded shares. The year began with a negative trend in January, but February and March saw them return as net buyers, making significant investments in the market.

JK Tyre & Industries recorded a 37% rise in net profit to Rs 211 crore for the first quarter of FY25, compared to Rs 154 crore in the same period last year. Despite a slight drop in total income, the company mitigated this with strong export growth and contributions from its subsidiaries.

Eveready Industries India saw an 18.1% increase in Q1 net profit, reaching Rs 29.36 crore, while revenue declined by 3.9% to Rs 349.37 crore. The company attributed the revenue dip to multiple factors, including a high base effect and a slowdown in some products, but highlighted gains from premiumisation and innovation.

Vinit Bolinjkar highlights the power sector as a strong performer, driven by global expansion and robust fundamentals. He also discusses macroeconomic concerns, such as rising interest rates in Japan and the potential slowdown in China, and their implications for the Indian market.

The fundraising plan was announced by SBI along with its April-June quarter earnings where the lender reported a standalone net profit of Rs 17,035 crore, up by 0.9% over Rs 16,884.29 crore reported in the year-ago period. The interest earned during the reported quarter stood at Rs 1,11,526 crore, which was higher by 16% versus Rs 95,975 crore reported in the corresponding quarter of the last financial year.