Asian markets are trading in the green following a major breakthrough in the Middle East conflict. Sentiment turned positive after the announcement of a two-week ceasefire between the U.S. and Iran. The Nikkei, Shanghai, and Hang Seng are trading higher by 4.9%, 1.3%, and 2.5%, respectively.
Banks: Kotak Mahindra Bank, ICICI Bank, SBI, Federal Bank, Ujjivan SFB, AU SFB NBFCs: Shriram Finance, Bajaj Finance, Cholamandalam Inv & Fin., Can Fin Homes
Our Key Result Plays are as follows: Positive Result Plays Banks: ICICI Bank, State Bank of India, Federal Bank, AU Small Finance Bank, Ujjivan Small Finance Bank NBFCs: Cholamandalam Investment & Finance, CreditAccess Grameen, Bajaj Finance, Can Fin Homes
Asian markets are trading lower. The decline is driven by broad tech and auto sector losses due to Yen strength, cautious trading post-rally despite steel gains, and geopolitical tensions overriding early optimism. The Nikkei, Shanghai, and Hang Seng are trading lower by 1.23%, 0.03%, and 0.61%
Asian markets are trading higher, driven by the Yen aiding exporters, optimism around potential China stimulus and global positive cues. The Nikkei, Shanghai, and Hang Seng are trading higher by 3.85%, 1.08%, and 2.04%, respectively
Axis Top Picks: Kotak Bank, Bajaj Finance, Bharti Airtel, Avenue Supermarts, State Bank of India, Max Healthcare, Navin Flourine, Kalpataru Projects, LG Electronics (I) Ltd, Nestle India Ltd, Eternal Ltd, Ujjivan Small Finance Bank, Chalet Hotels, Minda Corporation Ltd, and Dalmia Bharat Ltd.
We upgrade the stock rating from HOLD to BUY, supported by its strong growth outlook, well-diversified business mix, and powertrain-agnostic portfolio.
Asian markets are trading higher, underpinned by improving risk sentiment after reports of a U.S. proposal to Iran outlining a multi-point framework aimed at easing tensions in the Middle East. The Nikkei, Hang Seng, and Shanghai are trading higher by 2.91%, 0.74%, and 0.49%, respectively.