Prateek Agrawal of MOAMC expresses optimism about a potential US-India trade deal, highlighting India s market size as a key negotiating strength. While a deal could boost Indian manufacturing competitiveness, its immediate impact on the stock market may be limited. Agrawal suggests monitoring currency markets and bond yields in the short term, emphasizing the long-term potential for labor-intensive sectors.

For over a month, the market has remained in a narrow range, leading to investor uncertainty. Adding to this are earnings results, which have come in below expectations compared to last quarter, creating a subdued sentiment.

Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as fast-food restaurant chains face stiff competition from local cafes and online kitchens.

Tata Capital is preparing for its IPO. The IPO aims to raise about $2.2 billion. The launch is expected in early September. The valuation target is around $12 billion. This valuation is higher than previous estimates. The IPO is buoyed by successful listings like HDB Financial Services. Market enthusiasm is growing. Other big listings are also anticipated.

PGIM India Mutual Fund sees investment opportunities in 3–6-year corporate bonds and long-duration bonds amid expectations of lower inflation and potential rate cuts. Short-term and dynamic bond funds are advised. Strong monsoon, easing inflation, and narrowing trade deficit support the outlook. Global yields remain elevated due to US economic strength.

GMR Airports Ltd. is considering a Rs 5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could be a record rupee issuance for India’s second-largest private airport operator.

M&M Financial Services shares dropped over 3% despite posting a 19.7% YoY rise in net interest income to Rs 2,267 crore and a 3.2% YoY increase in net profit to Rs 530 crore for Q1. The stock fell as investor sentiment was hit by elevated provisions and a dip in collection efficiency, overshadowing the earnings growth.

SpiceJet shares jumped 6% after the Supreme Court dismissed a Rs 1,323 crore damages appeal by KAL Airways and Kalanithi Maran. Courts criticized their delay and concealment in the share transfer dispute. Despite the win, analysts remain cautious, with a consensus ‘Sell’ rating and Rs 36 target price.