Trading radar: BEL, Sun Pharma, L&T lead July 25 watchlist

Markets may open cautious following Thursday's decline. Stocks in focus include BEL, Sun Pharma, L&T, Adani Enterprises, REC, and KFin Tech, with earnings due from Cipla, SAIL, BoB, Bajaj Finserv, and others. Key movers include REC’s 29% profit jump, BEL’s ₹563 crore order win, and Sun Pharma’s $200 million US lawsuit settlement; global trade optimism may support sentiment.