Indian equities are expected to open on a slightly positive note on Tuesday, July 7, as indicated by the GIFT Nifty, with the index tracking the bullish momentum from the previous session. According to reports from ET Now, the GIFT Nifty was trading 0.1 per cent higher, up 26 points at 24,518 as of 8:50 am. This follows the strong performance of the benchmark NSE Nifty 50, which settled 0.7 per cent higher, gaining nearly 160 points to close at 24,430.35. The Nifty 50 had surged to its highest level since May 7 in the previous trading session.
Ahead of today's trading session, brokerage firms have issued BUY recommendations on several stocks, including Trent, Titan, Eternal, and others, driven by positive cues from their Q1 business updates and recent corporate developments. As reported by ET Now, the recommendations span across multiple sectors with specific target prices for each stock. The latest developments show Motilal Oswal expects Nifty earnings to grow 10%, marking the fastest pace in four quarters as the Q1FY27 earnings season begins with TCS's results on Thursday. Market participants are expected to closely monitor quarterly business updates, strategic partnerships, acquisitions, fundraising activities and order wins, which could drive stock-specific movements during today's trading session.
Titan Company shares gained 3.40% to close at ₹4,484.40 from the previous close of ₹4,636.90, as per latest market data. The stock showed strong momentum following the company's robust Q1 performance. Titan reported a strong quarterly business update for the first quarter, with the company's domestic business growing by 37% year-on-year, while its international business surged by 128%. As reported by Angel One, Consumer business registered 41% growth, jewellery business increased by 39%, watches and EyeCare businesses grew by 23% each, and emerging businesses expanded by 19%. The company also added 76 domestic stores and one international store, taking its total store count to 3,680.
Trent shares declined 10.22% to close at ₹3,343.80 from the previous close of ₹3,000.10, despite the company's strong financial performance. Trent reported a 19% year-on-year increase in standalone revenue to ₹5,666 crore compared with ₹4,781 crore in the corresponding quarter last year, as reported by Angel One. During the quarter, the company opened one Westside store and 19 Zudio stores, taking its total retail portfolio to 1,312 stores as of June 2026. This significant revenue growth demonstrates the company's strong operational performance and expansion strategy across its retail formats.
As the June quarter earnings season is set to begin with TCS scheduled to report Q1FY27 results on Thursday, Motilal Oswal expects Nifty earnings to grow 10%, marking the strongest pace in four quarters. Revenue growth is expected to remain healthy across segments, with large, mid and small-cap companies likely to report sales growth of 17%, 15% and 16% YoY, respectively. The brokerage expects consolidated revenue to grow 4% quarter-on-quarter, driven by strong performance in the Homes business (expected to expand around 6%) and Africa business (revenue expected to rise about 5%). Key monitorables for the quarter include management commentary on competitive intensity, Blinkit's performance, food delivery gross order value growth and margin trends.
