TCS shares rose for a second straight session on Monday after the IT major reported a 5% YoY rise in Q1 FY27 net profit and announced an interim dividend of Rs 12 per share. Brokerages remain divided, with target prices implying both downside risk and upside potential of up to 45%.
Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South Korean chip stocks faced pressure, impacting the broader semiconductor sector globally.
Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the current flare-up represents an escalation within a fragile truce.
Analysts maintain a positive outlook on Nifty, suggesting a buy-on-dips strategy for traders. They see Nifty potentially reaching 24,300 to 24,600 while staying above 23,800. Bank Nifty shows support at 57,400 and resistance around 58,706 to 59,250. Specific stock recommendations include BEML, Blue Star, Steelcast, Sobha, and Grasim Industries. Traders can also consider a Bull Put Spread strategy for Nifty with defined risk.
Markets rebounded sharply on Friday, supported by positive global cues and encouraging IT earnings. Analysts recommend CDSL and Sumitomo Chemical India as technical buy ideas, citing bullish breakouts, strong volumes and improving momentum indicators.
Vijay Kedia-backed Kedia Securities has picked up a 3.56% stake in SME IT firm Exato Technologies, taking total holding to 9.68%. The stock has surged over 90% in a year. The move has drawn investor attention to the recently listed company amid continued interest in high-growth smallcap technology plays.
Edelweiss CIO Trideep Bhattacharya argues that largecap funds may be losing their edge due to structural market share shifts. He favours flexicap and midcap funds for better growth potential, remains underweight IT amid transition, and is bullish on financials, while selectively approaching small caps and emerging AI-linked investment themes.
Indian equities are likely to remain volatile this week as escalating tensions in West Asia and the closure of the Strait of Hormuz threaten to push crude oil prices higher. Investors will also monitor Q1 earnings, inflation data, FII flows and global risk sentiment for market direction.
Nearly 100 stocks, including TCS, MRF and Dabur, will turn ex-date for dividends, stock splits and rights issues during the July 13–17 week. Investors must hold shares by record dates to qualify, with several high dividend payouts and multiple corporate actions lined up across sectors through the busy trading week ahead.
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