Market Overview

Indian equity benchmarks showed a positive yet cautious bias last week, amidst geopolitical tensions and tariff developments. US Treasury Secretary Scott Bessent's comments on India likely finalizing a deal to avoid US tariffs have boosted market sentiments.

NIFTY Outlook

Nifty is expected to consolidate between 24,550 and 23,800. This consolidation phase is seen as an opportunity to buy quality stocks, aiming for an up move towards the December 2024 high of 24,850.

Global Investors' Focus

Investors are keenly awaiting earnings from tech giants like Apple, Microsoft, Amazon, and Meta Platforms, alongside key U.S. economic data releases, including the PCE price index and GDP figures.

Bank NIFTY Trends

Bank Nifty has consolidated within a 2000-point range, following a robust 5500-point rally. Rate cut hopes and positive results from large-cap private banks have underpinned this sector's strength.

Stock Recommendations

Eternal (Zomato): Buy in the range of Rs 228-233, with a target of Rs 255. The stock shows signs of reversing its corrective trend, supported by technical indicators.

KEI Industries: Buy in the range of Rs 3000.00-3070.00, targeting Rs 3350. A breakout above a falling channel indicates a reversal of the corrective trend.

Disclaimer: The opinions and recommendations are from brokerage research and not reflective of The Times of India's views. Consult a financial advisor before making investment decisions.