Indian equity benchmarks experienced a surge today, mirroring positive trends in Asian markets fueled by the U.S.-Japan trade agreement. The BSE Sensex climbed by 280 points, reaching above 82,458.89, while the NSE Nifty also saw a rise, trading above the 25,100 mark.

Key Highlights:

• Market Momentum: The positive opening was attributed to gains in Asian markets following the U.S.-Japan trade deal, which boosted investor sentiment.
• Global Trade Optimism: Easing global trade tensions are providing support to equities by mitigating uncertainties surrounding growth and inflation. Officials from the U.S. and China are scheduled to meet in Stockholm to discuss potentially extending the August 12 deadline for trade talks.
• Top Gainers: Among the top performers were Nestle and Infosys.
• Earnings Season: The market is expected to be stock-specific as the earnings season progresses, with companies like Infosys, Dr Reddy's, and Tata Consumer Products reporting their results.
• Global Cues: Asian markets traded higher following the US-Japan trade deal, while the US stock market ended mixed overnight, with the S&P 500 posting a record-high close.

Sectoral Performance:

• Positive Sectors: Auto and financial sectors showed strong rallies. The Nifty Bank index was up by 1.19%.
• Lagging Sectors: The Nifty IT index experienced a decline of 0.30%.

Specific Stocks in Focus:

• Infosys: Infosys shares were closely watched as the company prepared to announce its first-quarter results.
• Paytm: One 97 Communications, which operates Paytm, reported a consolidated net profit of Rs 122.5 crore for the first quarter.
• IRFC: Indian Railway Finance Corporation (IRFC) reported double-digit growth in Profit After Tax (PAT) for the quarter ending in June.
• Dixon Tech: Dixon Tech shares jumped 3% after their Q1 profit doubled year-over-year.
• Nestle: Nestle India is anticipated to release its Q1 results, with market participants closely monitoring expectations for the Kitkat maker's performance in the June quarter.
• Dr. Reddy's Laboratories: Dr. Reddy's is among the companies scheduled to release their earnings report today.

Other Key Updates:

• IPO Market: India's IPO market is projected to surge with offerings potentially reaching Rs 2.58 lakh crore.
• Cyient DLM: Cyient DLM's net profit saw a 30% year-on-year decrease, despite an 8% increase in revenue.
• United Breweries: United Breweries reported a net profit of Rs 184 crore for the June quarter, with revenue at Rs 2,863 crore.

Market Sentiment:

The overall market sentiment is positive, driven by easing global trade tensions and encouraging corporate earnings reports. Investors are advised to remain stock-specific, closely monitoring corporate announcements, forward-looking statements, and revenue outlooks to make well-informed investment decisions.