Tata Motors, Trent, Maruti Suzuki, Shriram Finance, SBI, Bajaj Finance and HDFC Life were among major gainers in today's trade. Indian markets were trading firm after a favorable policy from RBI was announced. Indian markets have witnessed selling pressure over the last few trading sessions but there can be a recovery considering the macro factors that are positive. Indian markets also witnessed strong selling from FIIs last week but we can expect buying coming in select counters this week. If markets firm up from the current levels for NSE Nifty, we could see further buying. Some market participants are bearish about the markets and are adopting ‘sell on rallies’ strategy. This could lead to stronger resistance for Indian markets at higher levels but if the markets move above these resistance levels, we can expect bullish trends to continue.

Tata Motors share price jumped by 2.6 percent to Rs 944. Bharti Airtel, Trend, Maruti and Shriram Finance stocks were trading with gains above 2 percent at the time of publication of this report. SBI, HDFC Life and Cipla were trading positive.

Among major losers were FMCG companies including Nestle India, ITC and Britannia. HDFC Bank, Reliance and Grasim were dragging indices lower.

RBI Policy Shift: Focus on Growth Amid Easing Inflation

Easing inflation allows the central bank to shift focus
Kaustubh Gupta, Co-Head of Fixed Income at Aditya Birla Sun Life AMC, remarked that the RBI's latest policy change aligns with expectations. The central bank’s stance is seen as a proactive adjustment to the current economic climate, characterized by moderating inflation.

Global uncertainty influences monetary strategy
With global uncertainties still looming large, the RBI's move reflects its awareness of downside risks to economic growth. As inflation stabilizes, the central bank is now pivoting towards policies that can better support growth, signaling a balanced approach to economic management.

Signature Global Achieves Remarkable 184% YoY Growth in Pre-Sales

Strong year-on-year growth despite quarterly volatility
Signature Global, a leading real estate developer, posted a stellar 184% year-on-year growth in pre-sales, reaching Rs 2,780 crore. This surge demonstrates the company’s strong market presence and demand for its properties, driven by favorable real estate trends.

Quarterly slowdown tempers positive outlook
Despite the impressive annual growth, pre-sales saw an 11% sequential decline in Q2FY25. The company sold 2.38 million square feet in the second quarter, marking a 143% YoY increase and a 27% QoQ rise. Collections, however, were mixed, with a 28% YoY increase to Rs 920 crore but a 24% QoQ decrease, reflecting some short-term volatility in performance.

Tata Motors Stock Gains Amid Lower Sales Numbers

Stock performance defies weaker sales
Despite reporting a decline in global wholesale numbers, Tata Motors' stock managed to hold firm. Investor sentiment suggests that the market had braced for worse performance, with the actual numbers providing some relief, which could explain the stock’s resilience.

Global sales witness significant decline across categories
Tata Motors reported an 11% decline in global wholesales for Q2FY25, with total sales standing at 3,04,189 units. The commercial vehicle segment, including Tata Daewoo, saw a notable 19% drop, while passenger vehicle sales dipped by 6%.

Jaguar Land Rover (JLR) sales under pressure
Jaguar Land Rover, Tata Motors’ premium segment, experienced a 10% decrease in global sales during the quarter. Jaguar wholesales reached 5,961 units, while Land Rover sales stood at 81,342 units, reflecting ongoing challenges in the luxury automotive market.