📈 Global & Indian Stock Market Outlook – 10th July 2025

🌍 Global Market Recap: Hope on the Horizon

Global stock markets closed in the green as investors reacted positively to the Federal Reserve’s meeting minutes, suggesting that the tariff-related inflation pressures from former President Donald Trump’s policies may not derail future interest rate cuts.

  • Dow Jones: +0.5%
  • S&P 500: +0.6%
  • Nasdaq: +0.9%
  • European Markets: +1% to +1.5%
  • Asian Markets: Trading ~0.5% higher
  • Dow Futures: -0.1% (45 points down)

Global Cues: Flat to Positive

🇮🇳 Indian Market Setup: Cautious Ahead of Q1 Results

Indian equities saw marginal declines as investors remained cautious amid US tariff developments and the start of the Q1 earnings season.

  • Nifty 50: Closed 46 points lower at 25,476
  • Nifty Midcap 100: -0.2%
  • Nifty Smallcap 100: +0.5%
  • FII Net Inflow: ₹77 crore
  • DII Net Inflow: ₹920 crore
  • GIFT Nifty: Trading flat

Domestic Cues: Muted

🗞️ Stocks in News Today

🔹 Lupin Ltd

  • News: Signed licensing pact for biosimilar Certolizumab Pegol (used for rheumatoid arthritis).
  • Impact: Positive
  • Takeaway: ₹10 million upfront payment; expands Lupin’s specialty pharma footprint.

🔹 ICICI Bank

  • News: ICICI Prudential AMC filed for a ₹10,300 crore IPO with SEBI.
  • Impact: Positive
  • Takeaway: Second-largest AMC in India set for public listing; potential value unlocking.

🔹 JSW Energy

  • News: Added to FTSE4Good Index.
  • Impact: Positive
  • Takeaway: Signals ESG (Environmental, Social, Governance) strength; improves investor sentiment.

📊 Actionable Fundamental Stock Ideas

✅ JK Cement (CMP: ₹6,393 | TP: ₹7,300 | Upside: 14%)

  • Expansion target: 50 MTPA by FY30 through greenfield/brownfield projects.
  • Key cost-efficiency drivers: Blended cement, green energy, automation.
  • FY25 EBITDA/ton: ₹1,010 → Expected ₹1,280 by FY28.
  • Valuation: 18x Jun’27E EV/EBITDA

Investment View: BUY – Strong earnings visibility & structural growth.

✅ Prestige Estates (CMP: ₹1,646 | TP: ₹2,000 | Upside: 22%)

  • Q1 Pre-sales: ₹121.3B (+300% YoY)
  • FY26 Guidance: ₹270B in pre-sales (45% already achieved in Q1).
  • Completed five residential projects; first delivery in Mumbai.
  • Diversified portfolio across top cities and verticals (residential + commercial).

Investment View: BUY – Real estate re-rating in progress.

⚖️ Bharat Dynamics (BDL) (CMP: ₹1,985 | TP: ₹1,900 | Downside: 4%)

  • Order Book: ₹227B; Prospects: ₹500B
  • Challenges: Supply disruptions from Russia & Israel.
  • Valuation stretched at 70x P/E FY26
  • Strong sectoral tailwinds from defense & emergency procurement.

Investment View: NEUTRAL – Wait for correction to re-enter.

📈 Stocks on Technical Radar

🔍 ULTRACEMCO (CMP: ₹12,562)

  • Signal: Range breakout at All-Time High
  • RSI: Momentum strongly positive
  • Support: ₹12,200

Technical View: Watch for momentum continuation.

🔍 NAM India (CMP: ₹801)

  • Signal: Breakout above ₹882 after consolidation
  • Support: ₹770
  • Indicators: Holding 20 DEMA; RSI in bullish zone

Technical View: Bullish momentum building.

📅 Conclusion: What to Watch Next

With global markets optimistic post Fed minutes and Indian investors awaiting earnings signals, we may see a range-bound yet stock-specific action in coming sessions. Keep an eye on:

  • US inflation data
  • India’s Q1 earnings
  • IPO activity (ICICI Prudential AMC)
  • Defensive picks and cement stocks for stability

✅ Disclaimer

Investing in stock markets involves risks. Please consult a SEBI-registered advisor before making investment decisions.