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Several stocks, particularly in the BFSI sector, are showing bullish signals with increased open interest in the June series. PNB, Bank of India, Manappuram Finance, SBI Cards, and SBI are poised for potential breakouts. BSE is also exhibiting strong upside potential due to regulatory changes, while Inox Wind sees continued bullish momentum with high rollover rates.
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Corporate India's net profit surged in the March quarter, driven by reduced non-operating costs, while revenue growth remained moderate. Excluding banking and finance, profit growth improved significantly, with metals and pharmaceuticals outperforming. Analysts anticipate stronger earnings in FY26, fueled by tax incentives and lower interest rates, despite global uncertainties.
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Nifty is expected to consolidate this week. It will face resistance around 25,100-25,150 zone. A breakout could lead to 25,500-25,700 levels. Support is seen at 24,500-24,600. Analysts suggest accumulating quality stocks on dips. Sectors like financials and infrastructure are in focus. RBI policy and earnings season conclusion will influence market volatility. PSU banks and realty may outperform.
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News and Media
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