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Trade Setup for July 25: Has the Nifty begun both a price and time correction?

Another day of digesting the budget fineprint, another day of the Nifty seeing a dip and another day of the Nifty seeing that dip being bought into. The only difference being, the recovery from the lows has not been as convincing as earlier.The correction could’ve been far worse had the largecap banking stocks not recovered from the lows of the session. Yet, they turned out to be the biggest drags to the index and the primary culprit for the Nifty now having to face resistance at the 24,500 mark, which had been a crucial support zone for a better part of this July series.

That July series comes to an end on Thursday for the Nifty 50 contracts. The last three days have turned the series for the index from one of handsome gains, to just another normal series. The last three sessions has seen the Nifty correct over 400 points from its record high of 24,854, thereby also cutting down on the gains it made during the series. For the July series, the Nifty is now up just 400 points, from well over 800 points until July 19.

Wednesday’s session also saw the Nifty yet again test 24,300 on the downside and recover from those levels. If we discount the budget day dip as a one-off, Wednesday’s low for the Nifty at 24,308 was lower than Monday’s low of 24,362. The index has now declined for four straight sessions and is slowly grinding lower, indicating the possibility of a price and time-wise correction.Despite the benchmark indices facing selling pressure, the broader markets have been in a league of their own. The Nifty Midcap index gained a percent, the Smallcap index did one better, gaining nearly 2% on Wednesday. Earnings reactions were aplenty as were reactions or continuations to Budget day reactions.

Shares of shrimp feed companies like Avanti Feeds, Waterbase, Apex Frozen foods surged up to 20%, while Kaveri Seed built on its Budget-day gains. Thyrocare had a strong day post results, while PSU stocks saw a rebound post a brief sell-off on Tuesday.

Thursday’s trading session will see stocks like L&T, Axis Bank, SBI Life, JSPL, Sona BLW, IEX, DCB Bank, Karnataka Bank and others react to their quarterly results. Nestle India, Canara Bank, Adani Green Energy, Adani Energy Solutions, Laurus Labs, MGL, Ramco Cements, Ujjivan SFB, VST Industries and others will be reporting their June quarter results on Thursday as well.

There seems to be more stock specific interest in the market while the Nifty is going through the corrective phase, said Ruchit Jain of 5paisa.com, adding that the RSI oscillator on the Nifty is hinting at a continuation of the corrective phase. Immediate downside support is at 24,200, followed by 24,000, while 24,700 – 24,800 remains the resistance zone.

Rajesh Bhosale of Angel One expects the Nifty to continue trading in a range on its expiry session. 24,300 – 24,250 zone remains a key support from the index, and a slip below which can push the index back to its budget-day low of 24,074. On the upside, 24,600 remains an immediate hurdle, followed by 24,850.

The formation of a bullish hammer pattern and the high wave in two consecutive sessions could signal a temporary halt to the downside momentum, said Nagaraj Shetti of HDFC Securities. Further weakness from here could find support between 24,270 and 24,100, while 24,580 is an immediate hurdle and crossing that could confirm a near-term bottom reversal pattern.

The Nifty Bank has been the actual pain point for the Nifty over the last few trading sessions. Since hitting a record high of 53,357 on July 4, the index has corrected over 2,000 points from those levels, led mainly by HDFC Bank. Even on Wednesday, the top three Nifty contributors to the downside were HDFC Bank, Axis Bank and SBI. As we highlighted earlier, had it not been for the 600-point recovery from the lows of the day for the Nifty Bank, the correction on the Nifty could’ve been much deeper. You can read more about the road ahead for the index here.

The Nifty Bank remains below its short-term consolidation breakdown and the sentiment may remain weak as it has closed below its key support level of 51,700 and its 21-Day exponential moving average, said Rupak De of LKP Securities. He advises using a sell-on-rise approach till the index closes above the mark of 52,000. Immediate downside support is now at 50,900, while 51,500 and 52,000 will act as barriers.

Hrishikesh Yedve of Asit C Mehta Investment Interrmediates said that the Nifty Bank on the daily scale has retested its previous breakout from the rounding bottom pattern and closed above it and also supported its 50-DMA support near 50,950. He added that a short-term relief rally cannot be ruled out till the index sustains 51,000 – 50,950 on the downside. A slip below 50,950 though will trigger fresh weakness for the Nifty Bank.

What Are The F&O Cues Indicating?

Short covering was seen in these stocks on Wednesday, meaning an increase in price but a decline in Open Interest:

Stock	Price Change	OI Change
Crompton	2.64%	-74.48%
United Spirits	4.86%	-71.16%
Manappuram Finance	3.54%	-68.34%
Jubilant Foodworks	3.29%	-67.92%
Petronet LNG	3.88%	-67.33%

Unwinding of long positions was seen in these stocks on Wednesday, meaning a decline in both price and Open Interest:

Stock	Price Change	OI Change
Bandhan Bank	-4.03%	-66.93%
Dabur	-3.15%	-66.69%
GCPL	-3.87%	-63.89%
Bajaj Finserv	-2.21%	-61.82%
Mphasis	-3.26%	-55.52%

These are the stocks to watch out for ahead of Thursday’s trading session:

L&T: Net profit of ₹2,785.7 crore, slightly lower than CNBC-TV18 poll of ₹2,873 crore. Revenue of ₹55,119 crore, higher than poll of ₹51,957 crore. EBITDA at ₹5,615 crore, higher than ₹5,480 crore estimate. Margin at 10.2% below poll of 10.5%. Management tells CNBC-TV18 that it will not be revising its revenue and order inflow guidance for financial year 2025. It continues to expects a 20 basis points improvement in core margins on a year-on-year basis. L&T has an order book of ₹4,000 crore in the thermal power project and has decided to transition to clean energy.

Axis Bank: Net profit of ₹6,035 crore, higher than poll of ₹5,776.4 crore. Net Interest Income of ₹13,448 crore, in-line with estimates of ₹13,353 crore. Gross NPA at 1.54% from 1.43% in March. Net NPA at 0.34% from 0.31% in March. Provisions rise to ₹2,039 crore from ₹1,185 crore in March.

JSPL: Net profit of ₹1,337.9 crore, higher than CNBC-TV18 poll of ₹1,245 crore. Revenue of ₹13,617 crore, also higher than poll of ₹13,050 crore. EBITDA at ₹2,839.2 crore beats estimate of ₹2,620 crore. EBITDA margin at 20.9% versus estimate of 20.1%. Volumes at 2.09 MT versus poll of 2 MT. EBITDA per tonne at ₹12,890 from ₹12,443 in March. Net debt down to ₹10,462 crore from ₹11,203 crore in March.

IEX: Net profit up 27.2% to ₹96.4 crore. Revenue up 18.8% to ₹123.6 crore. EBITDA up 22% to 99.4 crore. EBITDA margin at 80.4% from 78.4% last year.

JK Paper: Net profit down 54.8% to ₹139.7 crore. Revenue up 8.2% to ₹1,713.7 crore. EBITDA down 41.3% to ₹280.4 crore. EBITDA margin at 16.4% from 30.1% last year. Results have been adversely impacted due to a significant drop in market prices coupled with a surge in wood cost compared to the corresponding quarter. Increased sales volume through higher utilisation in the packaging board business.

Indraprastha Gas: Net profit of ₹401 crore, in-line with estimate of ₹389 crore. Revenue of ₹3,520 crore, higher than poll of ₹3,494 crore. EBITDA of ₹582 crore also higher than poll of ₹541 crore. EBITDA margin at 16.5% is 100 basis points higher than the poll of 15.5%.

MAS Financial Services: Disbursals up 18.9% year-on-year to ₹2,775 crore. AUM up 23.3% to ₹10,384 crore. Net Interest Income up 31% to ₹154.1 crore. Net profit up 24.8% from last year to ₹71.5 crore. Gross NPA at 2.29% from 2.25%. Net NPA at 1.5% from 1.51% in March. Provisions up 27.1% from last year and 11.8% from March to ₹23.94 crore. Calculated NIM at 5.94% from 5.59% last year.

DCB Bank: Net Interest Income up 5.5% from last year to ₹496.6 crore. Net profit up 3.5% year-on-year to ₹131.4 crore. Gross NPA at 3.33% from 3.23% sequentially. Net NPA at 1.18% from 1.11% quarter-on-quarter. Slippages up 15.5% from March to ₹373 crore. Provisions down to ₹28.4 crore but up 17.9% sequentially. RoA down to 0.82% from 0.94% last year and 1.02% in March.

RBL Bank: Sources tell CNBC-TV18 that Maple II BV is likely to sell its entire 7.9% stake via block deals. The floor price of ₹226 per share is a 5% discount to Wednesday’s closing price. The offer size is said to be worth ₹1,081.2 crore.

#Trade #Setup #July #Nifty #begun #price #time #correction

July 4 market crash: No specific information on unfair trading on Lok Sabha polls results day, govt informs parliament

The government informed Parliament on Monday that the Securities and Exchange Board of India (Sebi) received representations over the market fall on June 4—the day the Lok Sabha election results were announced. However, the market regulator has no specific information on any ‘unfair trading’ that took place in the stock market on that day, which wiped out ₹30 lakh crores of investors’ wealth.

In a written reply to a question related to the moves registered on the Sensex and the Nifty on June 4, Minister of State for Finance Pankaj Chaudhary said, “Though SEBI has received representations on the above stock market movements, no specific information on any unfair trading has been provided.”

It is important to note that on July 4, the benchmark BSE Sensex had shot up 3.4% to settle at a new closing peak on June 3 after exit polls predicted a resounding BJP victory in general polls.

However, on July 4, equity markets witnessed a bloodbath, with Nifty and Sensex declining nearly 6%, while the Midcap and Smallcap indices slipped as much as 8%. This was the worst single-day fall in four years.

“On 4th June 2024, the date of announcement of results of the general elections, Sensex and NIFTY-50 decreased by 5.7% and 5.9% respectively. The indices recovered within three days and have reached record levels since 4th June 2024, registering an increase of 12.9% and 13.3% respectively as on 18th July, 2024,” Chaudhary said.

However, the minister said that the ₹30 lakh crore investor wealth lost on June 4, was recovered in a matter of five days and has increased by around ₹59 lakh crore since that day as of July 18, 2024.

“The decrease of around ₹30 lakh crore in market capitalisation of companies listed on NSE and BSE on June 4, 2024, was recovered within a period of five days and it has increased by around ₹59 lakh crore since then as on July 18,” the MoS finance added.

“Stock market movements are a function of investor perceptions along with other factors which may include, inter-alia, global economic scenarios affecting foreign capital flows, domestic macro-economic parameters and overall corporate performance,” the Minister said.

The Sebi, as the statutory regulator of securities markets, is mandated to put in place regulatory and surveillance frameworks to effect stable operations and development of the securities markets. It conducts regular surveillance of trends in the securities markets to enhance market integrity and safeguard the interests of investors.

#July #market #crash #specific #information #unfair #trading #Lok #Sabha #polls #results #day #govt #informs #parliament

Stock market strategy for Budget 2024: How to trade in Bank Nifty options? Rahul Ghose explains

Indian stock market benchmark indices Sensex and Nifty 50 are witnessing heightened volatility ahead of the presentation of Union Budget 2024 by Finance Minister Nirmala Sitharaman on Tuesday, July 23.

Budget 2024 will be the first full budget of Modi 3.0 government and is widely expected to be growth-oriented with key focus on capex and fiscal prudence. The stock market is expected to remain volatile during the budget presentation as sector specific announcements tend to impact the stocks.

“Budget days are usually very volatile with the index tending to move in both directions during the course of the day. Market participants expect the Union Budget 2024 should aim to balance growth-driven initiatives with a populist measures, focusing on digital infrastructure, fiscal discipline, and support for key sectors like manufacturing and agriculture to stimulate economic development,” said Rahul Ghose, CEO of Hedged.in.

However, the stock market can respond adversely to unforeseen developments in the budget. Consequently, it is essential for investors to devise a comprehensive hedging strategy to mitigate the impact of such events.

Ghose advises a low risk strategy in the Bank Nifty index that can be employed to play the budget day. He believes this becomes important for traders and investors to plan a fully hedged strategy to weather any untoward surprises in the budget.

Speaking on the Budget trading strategy for Bank Nifty options, Ghose recommends Cross Calendar Spread. A calendar spread is an options strategy that involves simultaneously entering long and short positions on the same underlying asset but with different delivery dates.

As per the Cross Calendar Spread for Bank Nifty, traders can buy Bank Nifty Put option with a longer expiry and simultaneously sell a Bank Nifty Put option with a shorter expiry date.

Here’s the budget trading strategy for Bank Nifty by Rahul Ghose:

Trade name:

Bank Nifty Cross Calendar spread

Trade Structure:

Buy 51000PE August 28th expiry
Sell 50500PE July 31st expiry

Trade rules:

The capital required in the trade is approximately ₹20,000. According to Ghose, this trade can be entered if Bank Nifty is between 52,500 and 51,500 on or before the budget day.

The maximum loss in the trade is ₹3,000 and the target in the trade should be 4-5% on the capital depending upon the time and individual risk appetite, he said.

Trade Modifications:

The trade is protected with a limited risk, but one can further bring down the risk by constantly selling weekly expiry puts of subsequent weeks.

For example: At the end of July, one can buy back the 31st July PE and sell the 7th August or week after that PE. Just make sure that you get at least ₹80 when you are selling the Puts, Ghose added.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

#Stock #market #strategy #Budget #trade #Bank #Nifty #options #Rahul #Ghose #explains

Trade Setup for July 22: Nifty to see another day of profit booking ahead of the Union Budget?

The Nifty snapped a four-day losing streak on Friday. It also witnessed its biggest single-day fall since June 4, the day of the Lok Sabha Election results. The question on the street is whether traders would look to book some more profits and remain light on positions ahead of the Union Budget presentation on Tuesday.Even as the Nifty fell over a percent on Friday, it managed to defend Thursday’s low of 24,504 by four points and also managed to hold on to marginal gains for the week, which made it the seventh straight weekly gain for the index. Even Infosys, whose ADR, or the US-listed shares ended 8% higher on Thursday night, could not provide support on the upside for the Nifty.

Losses on Friday came across the board. Metals were the biggest pain point of the session, followed by the Real Estate names, oil & gas stocks, along with auto companies. Broader markets felt greater pain on Friday with 91 out of 100 Nifty Midcap stocks and 92 out of 100 smallcap stocks ending the session with losses.

Therefore, that 24,500 level now becomes the key support on the downside for the Nifty in the all important Union Budget week. The market participants would only be hoping for no negative surprises from Finance Minister Nirmala Sitharaman on Tuesday.Some uncertainty may also emerge due to comments from both RBI Governor Shaktikanta Das and SEBI Chairperson Madhabi Puri Buch on the household savings being deployed into speculative activities and rising F&O volumes, which has ignited a widespread debate on the street.

As has been the trend in the previous quarter, good earnings have been rewarded by the street, but even the slightest miss has been punished. The reactions to Persistent Systems, Dalmia Bharat on Friday were a case in point.

These earnings reactions will continue on Monday courtesy of Reliance Industries, which reported results after market hours on Friday. Wipro will be another reaction to watch out for as the company’s US-listed ADRs ended 11.6% lower on Friday. The stock had also received multiple upgrades ahead of its results, which ended up disappointing the street.

Other earnings reactions include those from the big boy of the Nifty 50, HDFC Bank, and other banking names like Yes Bank, Kotak Mahindra Bank, and RBL Bank, in addition to stocks like JSW Steel, Indian Hotels, and Oberoi Realty.

While Monday’s session will not have any significant Nifty earnings, broader market names like Suzlon, along with PSU Banks like Indian Overseas Bank, UCO Bank and IDBI Bank will report results along with stocks like Coforge and Cyient DLM.

Foreign institutions continued to remain net buyers in Friday’s session, while domestic institutions continued to book profits.

Nagaraj Shetti of HDFC Securities said that the candle pattern formed on the Nifty after Friday’s session could be considered a shooting star type pattern, which indicates the possibility of more weakness in the market. He said 24,200 and 24,000 will be a key support for the Nifty, followed by resistance at the 24,850 mark.At the record high, the Nifty has formed a shooting star on the weekly chart and a bearish engulfing pattern on the daily chart, said Osho Krishnan of Angel One. He said that this could mean a shift in trend or a temporary pause in the current upward momentum. A slip below 24,500 can lead to the Nifty falling towards its 20-DEMA level of 24,200, while 24,000 is the key support. 24,800 – 24,850 on the upside can act as a barrier.

Kotak Securities’ Amol Athawale said that the current market texture is non-directional and that 24,500 will be a key support for the traders. But a slip below 24,350 on the downside could change sentiments and traders may exit their longs. On the upside, 24,850 – 25,000 remains a barrier.

After a day of closing above the 52,500 mark, it was back to square one for the Nifty Bank as that index too sold off in-line with the broader market trend. The index will be in greater focus on Monday as most of its constituents either react to or will be reporting results. The Nifty Bank has now corrected over 1,000 points from the record high of 53,357, which it had hit on July 4.

The Nifty Bank closed at the day’s low, forming a bearish candlestick on the daily chart, said Rupak De of LKP Securities, advising traders to maintain a sell-on-rise strategy with 52,500 being a key overhead resistance. He anticipates further weakness if the Nifty bank closes below the 21-Day Exponential Moving Average of 52,500.

Om Mehra of SAMCO Securities observed the formation of a bearish harami pattern on the daily candle, indicating short-term weakness. The index is near its key support level of 52,100, which if breached on a closing basis can extend the fall towards 51,700. He also advises maintaining a sell-on-rise strategy on the Nifty Bank for the short-term.

What Are The F&O Cues Indicating?

Unwinding of long positions was seen in these stocks on Friday, meaning a decline in both price and Open Interest:

Stock	Price Change	OI Change
Power Grid	-2.84%	-5.96%
BHEL	-5.19%	-5.56%
UltraTech	-3.53%	-5.46%
Tata Steel	-5.38%	-4.95%
Vedanta	-2.54%	-3.54%

Short covering was seen in these names on Friday, meaning a decline in Open Interest but an increase in price:

Stock	Price Change	OI Change
LTTS	2.75%	-34.74%
Mphasis	0.14%	-20.19%
Infosys	1.80%	-19.24%
Page Industries	0.91%	-5.65%
ITC	0.52%	-4.51%

These are the stocks to watch out for ahead of Monday’s trading session:

Reliance Industries: Revenue up 11.5% to ₹2.32 lakh crore from ₹2.08 lakh crore. EBITDA up 1% to ₹38,765 crore. Net profit down 5.5% year-on-year to ₹15,138 crore. EBITDA margin at 16.7% from 18.4% last year. Reliance Jio Average Revenue per User at ₹181.7 from ₹180.5 last year. Reliance Retail revenue up 8.1% to ₹75,630 crore. Retail EBITDA margin at 7.5% from 7.4% last year. O2C revenue at ₹1.57 lakh crore from ₹1.33 lakh crore last year. O2C margin at 8.3% from 11.5% last year. Oil and Gas revenue at ₹6,179 crore from ₹4,632 crore last year. Oil and Gas margin at 84.3% from 86.7% last year.

HDFC Bank: Net Interest Income at ₹29,837.1 crore, higher than the poll of ₹29,583 crore. Net profit of ₹16,174 crore also beats poll estimate of ₹15,693.1 crore. Net Interest Income up 2.6% quarter-on-quarter. Gross NPA at 1.33% from 1.24% in March. Net NPA at 0.39% from 0.33% in March. Provisions down 80.7% sequentially to ₹2,602 crore. Return on Assets at 1.88% from 1.96% quarter-on-quarter. Most of the asset quality deterioration came from the agri segment.

HDFC Bank: Board also gave in-principle approval to initiate the process of listing its subsidiary HDB Financial Services, as RBI norms mandate a listing as an upper-tier NBFC. The bank will now seek necessary approvals from regulatory authorities in this regard.

Kotak Mahindra Bank: Net Interest Income of ₹6,842 crore is lower than poll of ₹7,067 crore. Net profit of ₹6,249 crore is higher than the poll of ₹4,004 crore. Net Interest Margin of 5.02% is the lowest in eight quarters. Deposits up 15.8% year-on-year is the lowest in six quarters. Advances up 18.7% from last year is the best growth in six quarters. Provisions double sequentially to ₹578.5 crore. Profit aided by an exceptional item of ₹3,519.9 crore. Gross NPA flat at 1.39%. Net NPA At 0.35%.

Yes Bank: Net Interest Income up 12.2% year-on-year to ₹2,244 crore. Net profit up 46.7% year-on-year to ₹502.4 crore. Provisions down 55% quarter-on-quarter. Gross NPA flat at 1.7%. Net NPA at 0.5% from 0.6% in March. Bank said that this is the highest quarterly profit since the reconstruction.

RBL Bank: Net profit up 29% to ₹371.5 crore. Net Interest Income up 19.5% to ₹1,700 crore. Gross NPA at 2.69% from 2.65%. Net NPA at 0.74%, flat. Slippages up 5.9% to ₹720 crore. NIMs at all-time high of 5.67%. RoA at 20-quarter high of 1.14%. Management said there is no immediate need to raise capital but there is incremental stress building up in the credit card portfolio. It also saw some disturbance in collection efficiency in two months of the quarter in some states. The Credit Cards business saw a net slippage of ₹400 crore during the quarter.

JSW Steel: Beat on topline as revenue at ₹42,943 crore, higher than poll of ₹41,276 crore. but a small miss on margin at 12.83% versus poll of 13.76%. Standalone Indian EBITDA per tonne at ₹8,339, slightly higher than poll of ₹8,116. Indian operations capacity utilisation at 87%. Net sales realisations down 5% on lower domestic steel prices but higher by 1% sequentially on better product mix. US business saw sharp reduction in EBITDA on sequential and year-on-year basis due to a steep decline in steel prices and NRV losses. Board has also approved transfer of 30 MTPA slurry pipeline undertaking in Odisha to JSW Infra. FY25 guidance for production at 28.4 MT and sales at 27 MT.

#Trade #Setup #July #Nifty #day #profit #booking #ahead #Union #Budget

Profit-booking ahead of key company results, budget pull down markets

Mumbai: Profit-booking ahead of key corporate earnings and the budget next week dragged down benchmark indices the most in a month-and-a-half on Friday. Fear gauge India Vix rose to the highest level in over a month.

The Nifty fell 1.09% to 24,530.9 while the Sensex pulled back from the 81,000 mark 0.9% to 80,604.65. Both indices hit fresh record highs – 24,854.8 and 81,587.76-at opening before pulling back and closing marginally off their lows. Broader markets fell twice as much.

Reliance Industries (48.26 points), Tata Steel (16), M&M (15.4), NTPC (14.08), Tata Motors, Bharti Airtel and HDFC Bank were the biggest drags on the Nifty, contributing to half its 269.95 fall.

“Investors and traders took some money off the table after a one-way rally from 4 June, ahead of Reliance results post market hours Friday, Kotak Mahindra Bank and HDFC Bank on Saturday and the budget on Tuesday,” said Dhiraj Relli, managing director and chief director of HDFC Securities.

While Relli doesn’t expect any negative surprises from the results or the budget for the market, the sharp rally from the day of the elections to date makes it “prudent to take some money off the table.”

Nifty and Sensex have rallied 12% each to Friday’s closing after the Narendra Modi-led NDA won a historic third term in office.

The rally since the date of the election results has been driven by foreign institutional investors, who have net purchased shares worth ₹57,337 crore in the past two months through 18 July after selling shares worth ₹34,257 crore in April-May.

Midcaps Down

Institutional activity for 19 July was awaited until press time. However, investor selling was more focused on mid and small caps. The Nifty Midcap 150 fell 2.09% to 20812.25 while the Nifty Smallcap 250 fell by 2.36% to 17163.40.

Small caps that fell the most included MCX, Mastek, JK Paper, Apar Industries and Chennai Petroleum which fell 6-11%.

Gaurav Dua, SVP- head capital market strategy at Sharekhan by BNP Paribas, expects the large caps to outperform small and microcap stocks due to favourable risk-reward , in the sessions ahead. He is bullish IT enabled services, consumer, pharma and some names within the specialty chemical sectors.

As Reliance and HDFC Bank are index heavyweights, their results could have a bearing on Nifty, which reopens on Monday.

#Profitbooking #ahead #key #company #results #budget #pull #markets

Indian stock market: 10 key things that changed for market overnight – Gift Nifty, fall in Dow Jones, Infosys Q1 results

Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note Friday tracking losses in global markets.

Asian markets traded lower, while the US stock market ended sharply in the red overnight dragged by losses in tech stocks.

On Thursday, the Indian stock market benchmark indices ended with healthy gains, led by a rally in IT stocks.

The Sensex surged 626.91 points, or 0.78%, to close at 81,343.46, while the Nifty 50 settled 187.85 points, or 0.76%, higher at 24,800.85.

“SEBI’s proposal for a new asset class between mutual funds and PMS with a Rs10 lakh ticket size, continued FII buying and a rise in India’s GDP forecast by both IMF and ADB supported the market as Nifty made a smart recovery. We expect this ongoing momentum to continue with stock-specific action. All eyes would be on the budget next week which could set the tone for the next leg of the market rally,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

Also Read | Buy or sell: Vaishali Parekh recommends three stocks to buy today — July 19

Here are key global market cues for Sensex today:

Asian Markets

Asian markets traded lower on Friday tracking overnight losses on Wall Street.

Japan’s Nikkei 225 fell 0.16%, while the Topix declined 0.28%. South Korea’s Kospi plunged 0.93%, and the Kosdaq lost 0.29%. Hong Kong’s Hang Seng index futures indicated a lower opening.

Gift Nifty Today

Gift Nifty was trading around 24,840 level, a premium of nearly 30 points from the Nifty futures’ previous close, indicating a mildly positive start for the Indian stock market indices.

Wall Street

US stock market ended sharply lower on Thursday dragged by selling in megacap growth stocks, with the blue-chip Dow falling the most.

The Dow Jones Industrial Average plunged 533.06 points, or 1.29%, to 40,665.02, while the S&P 500 declined 43.68 points, or 0.78%, to 5,544.59. The Nasdaq Composite closed 125.70 points, or 0.7%, lower at 17,871.22.

Domino’s Pizza shares tumbled 13.6%, while homebuilder D.R. Horton shares price jumped 10.1%. Warner Bros Discovery share gained 2.4%.

Also Read | Dividend stocks: Bosch, LIC, TCS among 36 stocks to trade ex-dividend today

US Jobless Claims

The number of Americans filing new applications for unemployment benefits rose more than expected last week. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 243,000 for the week ended July 13. Economists polled by Reuters had forecast 230,000 claims for the latest week.

Infosys Q1 Results

Infosys reported a consolidated net profit of ₹6,368 crore in the quarter ended June, a drop of 20% from ₹7,969 crore in the March quarter. Infosys Q1FY25 revenue increased 3.7% to ₹39,315 crore from ₹37,923 crore, QoQ, while its sequential revenue growth in USD terms was 3.4% at $4,717 million. EBIT rose 8.8% to ₹8,288 crore, while EBIT margin improved by 100 bps QoQ to 21.7%. Infosys raised its revenue growth guidance for FY25 in the range of 3% to 4%, while FY25 margin guidance was retained at 20% to 22%.

Also Read | Infosys shares in focus as ADR jumps over 8% after Q1 results beat estimate

European Central Bank Policy

The European Central Bank kept interest rates unchanged at 4.25% but said September’s meeting was “wide open” as it downgraded its view of the euro zone’s economic prospects and predicted that inflation would keep on falling, Reuters reported. The ECB had cut rates from record highs last month.

Japan Inflation

Japan’s inflation was slightly higher in June, with prices rising 2.6% on-year compared with 2.5% in May. But the core Consumer Price Index (CPI) reading, which excludes volatile fresh food prices, was still softer than market expectations of a 2.7% increase.

RBI Bulletin

The Reserve Bank of India (RBI) said that the economy’s natural rate of interest has increased since the pandemic and will rise further, driven by the growth of potential output. It estimated the natural rate was 1.4-1.9% in Q4FY24, higher than the 0.8-1.0% in the Q3FY22, the last time it made an estimate, the central bank said in its monthly bulletin.

Also Read | Bandhan Bank, SAIL, Vedanta among 11 stocks in F&O ban list today

Dollar, Treasury Yields

US Treasury yields rose and the dollar gained on Thursday.

The dollar index, which measures the greenback against a basket of currencies, gained 0.49% at 104.18 a day after touching a four-month low of 103.64, and was on track for its biggest daily percentage gain since June 13.

US 10-year treasury yields rose 4.4 basis points to 4.19%, while the interest rate sensitive two-year yields were up 3.4 bps at 4.463%. The yield curve between two-year and 10-year notes steepened one basis point on the day to minus 27 basis points.

Oil Prices

Crude oil prices fell on Friday, setting up for a second weekly decline. Brent crude prices fell 0.6% to $84.50 a barrel, while US West Texas Intermediate crude futures declined 0.9% to $82.10 a barrel.

(With inputs from Reuters)

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#Indian #stock #market #key #changed #market #overnight #Gift #Nifty #fall #Dow #Jones #Infosys #results

Why you must add these under-the-radar monopoly stocks to your watchlist

What about monopoly in stock exchanges? Well, the BSE competes directly with the National Stock Exchange (NSE). So, there is no monopoly there.

However, the Multi Commodity Exchange of India (MCX), which trades basic metals and energy, has a monopoly on trading of these commodities.

We are huge admirers of monopoly stocks. But do you know who else likes them? It’s none other than investing legend Warren Buffett. He has made most of his wealth by investing in monopoly stocks.

He refers to these stocks as companies with economic moats. What is a moat?

An economic moat is a company’s ability to maintain competitive advantages over its competitors to protect its long-term profits and market share.

Now, the theme of monopoly stocks is very popular among rational investors. To counteract this herding bias towards only the top and well-known monopoly companies, we have filtered out a few lesser-known monopoly stocks for you to add to your watchlist.

Let’s delve deeper into some of the hidden gems that hold more than 80% of the market share in their respective industries.

#1. C.E. Info Systems

C E Info Systems (MapmyIndia), popularly known as MapmyIndia, is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”).

The company is India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies. It accounts for 95% of the total marketcap of the industry.

MapmyIndia has been an early mover (started in 1995) in India’s digital mapping and pioneered digital mapping in India.

It is India’s leading provider of advanced digital maps, geospatial software & location-based IoT technologies serving B2B and B2B2C enterprise customers.

MapmyIndia has 95% market share of the in-dash navigation market for India. While it enjoys over 80% market share in automotive OEM navigation software.

The company is into two main business verticals:

Map and data products
Platform and IoT products.

Through the first vertical of map and data products, MapmyIndia provides advanced maps representing the real world in 2D and 3D.

These are updated continuously in near real-time for place updates, location-based events, safety alerts, changes in road conditions, live traffic, and weather.

The company also builds and releases digital maps for countries outside India, such as Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar, UAE, and Egypt.

Coming to the financial performance of the company from 2020 to 2024, sales have increased at a 5-year compounded annual growth rate (CAGR) of 23%, and net profits have risen by 46%.

The return on equity (RoE) and return on capital employed (RoCE) have averaged at 20.8% and 19.4%, respectively, over the 5-year period.

The total revenue from operations grew by 35% YoY. The growth was broad-based with consumer tech & enterprise digital transformation revenue up 49% YoY to ₹1.9 bn, and automotive & mobility tech revenue up 23% to ₹1.8 bn.

In FY24, the map & data revenue rose by 23% to ₹1.4 bn, while platform & IOT revenue surged by 42% to ₹2.4 bn. Net income grew by 23% YoY, with cash & cash equivalents reaching ₹5.5 bn by FY24-end.

The open order book and the annual new order bookings increased significantly, up 63% to ₹8.3 bn in FY24.

With a focus on IoT-led business, the company aims to surpass ₹10 bn in revenue by FY27-28, reflecting optimism for future growth and profitability.

#2. DreamFolks

DreamFolks Services Ltd is India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform. The company is a market leader in the airport lounge aggregation industry in India.

Dreamfolks facilitates access to the following airport-related services – lounges, food and beverage, spa & wellness, meet and assist, airport transfer, transit hotels /nap room access, golf games & lessons, visa services, and E-sim.

The company enjoys a 95% market share in the airport lounge business.

The company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers, and other corporate clients, including airline companies, with various airport lounge operators and other airport-related service providers on a unified technology platform.

It has partnerships with all five card networks in India (Visa, MasterCard, Diners/Discover, and RuPay) and key clients like ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, and SBI Cards.

It also collaborates with major corporates, including Indigo, Go Airlines, Air Asia, Vodafone Idea, Jet Privilege, Hettich India, Easy Trip Planners, and Mahindra Holidays, enhancing its customer base.

From 2020 to 2024, the company has experienced significant growth. Sales have increased at a 5-year CAGR of 36%, and net profits have risen by 35%.

The return on equity RoE and RoCE have averaged 37% and 46.4%, respectively, over the 5-year period.

The company achieved revenue of ₹11.3 bn in FY24, recording a strong growth of 47% while facilitating approximately 11 million passengers in the year.

The company has observed significant increase in adoption of digital tools like web access and self-check-in kiosks, contributing to 10% of monthly passengers. Its company’s railway lounge business witnessed robust growth, growing by 3.5x in FY24.

Services other than Indian airport lounges have contributed 6% of the total revenue, in FY24. It is further expected to reach 15-20% in the next 4-5 years.

Going ahead, the company is expecting the revenue to grow at a 20% CAGR for the next 3 years, by focusing on expanding service portfolio, diversifying client base, and expanding geographically. It is also committed to maintaining gross margins in the range of 11-13%.

#3. ZF Commercial Vehicle Control System India

This company is the market leader for advanced braking systems, conventional braking products, and related air-assisted technologies and systems in India.

It has a strong customer base, like TATA, Ashok Leyland, Audi, and more. It has 85% of the market share in its industry.

The company provides its products and services to various segments, such as trucks, buses, off-highway, defence, cars, and fleets. some of its products are electronic braking system (EBS), automatic slack adjusters, actuators, brake chambers, and others.

It also provides spare parts and after-sale service to its customers.

It has five manufacturing facilities, an advanced technology development center, a vehicle testing facility, and a nation-wide aftermarket distribution and services network.

Regarding the financial performance of the company from 2020 to 2024, it has experienced decent growth. Sales have increased at a 5-year CAGR of 6%, and net profits have risen by 9%.

The RoE and RoCE have averaged at 10% and 13.2%, respectively, over the 5-year period.

The revenue and net income have grown by 10% YoY and 27.4% YoY, in FY24, led by growth in the commercial vehicle industry experienced growth in FY 23-24. In its OE sales, the company has managed to outperform market growth.

The company also observed growth in the aftermarket sales driven by new products and digital solutions. In the exports of services, significant growth was observed due to increasing engineering activity.

However, its exports experienced degrowth due to inventory reductions and shipment delays.

The management maintains a positive outlook towards exports due to increasing order books and new projects.

Conclusion

Investing in India’s monopoly stocks presents a unique opportunity due to their strong pricing power, high market share, and stable profitability.

However, potential risks include regulatory changes, technological disruptions, and shifts in consumer preferences.

Regulatory risks are especially pertinent as governments may intervene to foster competition and protect consumer interests.

Public and political scrutiny can also impact stock prices, highlighting the importance of evaluating these factors alongside financial stability and market position.

Additionally, ethical considerations and corporate practices may influence public perception and regulatory scrutiny, potentially affecting stock performance.

Investors are advised to conduct thorough research and consider these factors carefully before making investment decisions in monopoly stocks.

Happy investing!

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such.

This article is syndicated from Equitymaster.com

#add #undertheradar #monopoly #stocks #watchlist

Stock market today: Trade setup for Nifty 50 to Bank Nifty, five stocks to buy or sell on Wednesday — July 3

Stock market today: Market indices benchmark – Nifty and Sensex – reached new intra-day highs on Tuesday but couldn’t maintain the momentum, closing with slight losses due to subdued global signals. The Nifty 50 reached a new all-time peak of 24,236.35 during the session but concluded slightly lower, down 18 points or 0.07 per cent, at 24,123.85. Similarly, the Sensex, comprising 30 shares, achieved a fresh record high of 79,855.87 before settling with a minor decline of 35 points or 0.04 per cent, closing at 79,441.45.

“The domestic market took a breather, resonating with the mixed global trend, with the ECB showing caution regarding further rate cuts. In sectoral trends, IT stocks gained due to expected increases in discretionary spending, while auto stocks declined following lower-than-expected monthly volumes. The investors are closely monitoring the progress of the monsoon, the forthcoming union budget, alongside the US election, which can have potential global economic implications. Recent spikes in US Treasury yields and a gradual rise in crude oil prices are affecting market trends,” said Vinod Nair, Head of Research, Geojit Financial Services.

Also Read | Zerodha may end zero brokerage model for equity delivery trades: Nithin Kamath

Trade setup for Wednesday

On the outlook for Nifty today, Rupak De, Senior Technical Analyst, LKP Securities, said, “The Nifty faced profit booking around 24,200, leading to a close 100 points off the high. The sentiment is likely to favour selling on rallies until it moves above 24,250. On the lower end, 24,000 is likely to act as immediate support for the Nifty. A fall below 24,000 might trigger a correction towards 23,850/23,700.”

On today’s outlook for the Bank Nifty, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, said, “The Bank Nifty index witnessed selling pressure from higher levels and faced rejection at the 52,400-52,500 levels. The index remains in a sell-on-rise mode with the next immediate support at the 52,000-51,800 zone. If the index fails to hold this support, it can witness further selling pressure towards the 51,400-51,300 level.”

Buy or sell stock ideas by experts

Regarding stocks to buy today, stock market experts Sumeet Bagadia, Executive Director at Choice Broking, and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, recommended these five buy-or-sell stocks: SBI Life, Indigo, DMart, Bombay Dyeing and Craftsman.

Also Read | Stocks to buy: Dabur, Wipro among top four stock picks by SMC Global Securities

Sumeet Bagadia’s stocks to buy today

1] SBI Life Insurance: Buy at ₹1,495, target ₹1,550, stop loss ₹1,460

In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around ₹1,550. At present, the stock is maintaining a crucial support level at ₹1,460. Given the current market price of around ₹1,495, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of ₹1,550.

2] Indigo: Buy at ₹4,249, target ₹4,380, stop loss ₹4,180

We have seen a major support in this stock around ₹4,180 So, at the current juncture, the stock has again seen a reversal price action formation at the ₹4,249 price level, which may continue its rally till its next resistance level of ₹4,380 so traders can buy and hold this stock with a stop loss of ₹4,180 for the target price of ₹4,380 in the upcoming weeks.

3] DMart: Buy at ₹4,770, target ₹4,950, stop loss ₹4,650

In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests that there could be a temporary retracement in the stock’s price, possibly to around ₹4,950 Currently, the stock is holding a crucial support level at ₹4,650.

Also Read | Nifty 50 rockets 5,000 points in a year, ends 9 of last 12 months in the green

Ganesh Dongre’s buy or sell stocks

4] Bombay Dyeing: Buy at ₹216.50, target ₹228, stop loss ₹4650

Bombay Dyeing is exhibiting strong bullish momentum, currently recording an all-time high of ₹219.3 levels. The recent breakout above the crucial resistance at 207 levels is a significant technical development, supported by robust trading volumes, reinforcing the strength in the stock. The breakthrough suggests a potential continuation of the upward trend, offering an optimistic outlook for investors.

Additionally, Bombay Dyeing stock is trading above key moving averages, including the short-term (20 Day), medium-term (50 Day), and long-term (200 Day) EMAs, further affirming its bullish stance. The momentum indicator, Relative Strength Index (RSI), is at 75 levels.

For traders, keeping an eye on the strong support near ₹209 levels is advisable, as a breach of this level could signal a shift in sentiment. Overall, Bombay Dyeing current technical setup suggests a favourable environment for further upside potential, provided traders and investors remain vigilant to potential reversals and closely monitor key support and resistance levels.

Based on the above analysis we recommend buying Bombay Dyeing and the CMP of ₹216.50 with a stop loss of ₹209 for the target of ₹228.

5] Craftsman Automation: Buy at ₹5,695.3, target ₹5,999, stop loss ₹5,499

Craftsman Automation is exhibiting strong bullish momentum, currently trading at an all-time high of ₹5,791.2 levels. This breakout has been accompanied by a consolidation of the upward movement, characterized by higher highs and higher lows, supported by robust trading volumes, reinforcing the strength in the stock. The breakthrough suggests a potential continuation of the upward trend, offering an optimistic outlook for investors.

Additionally, Craftsman is trading above key moving averages, including the short-term (20 Day), medium-term (50 Day), and long-term (200 Day) EMAs, further affirming its bullish stance. The momentum indicator, Relative Strength Index (RSI), is at 84 levels.

For traders, keeping an eye on the strong support near ₹5,499 levels is advisable, as a breach of this level could signal a shift in sentiment. Overall, Craftsman’s current technical setup suggests a favourable environment for further upside potential, provided traders and investors remain vigilant to potential reversals and closely monitor key support and resistance levels.

Based on the above analysis we recommend buying Craftsman and the CMP of ₹5,695.3 with a stop loss of ₹5,499 for the target of ₹5,999.

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

#Stock #market #today #Trade #setup #Nifty #Bank #Nifty #stocks #buy #sell #Wednesday #July

Stocks In Spotlight 21 June 2024: Five Stocks To Track Today | Markets News

New Delhi: Markets rallied for the sixth straight session on Thursday, with benchmark equity indices Sensex and Nifty zooming to all time fresh peaks. Sensex surged 141.34 points or 0.18 percent to finish at a new record closing of 77,478.93 while Nifty scaled 51 points or 0.22 percent to close at 23,567.

Ajit Mishra – SVP, Research, Religare Broking Ltd said, “On the benchmark front, the Nifty index closed at 23,581, up 0.30%. Sectorally, realty, metal, and private banking finished in the green, while Pharma, PSU Bank, and Auto sectors lagged. Broader indices also edged higher, both gaining over half a percent.”

“Looking ahead, a decisive close above 23,600 in Nifty could trigger fresh upward momentum, potentially pushing the index to 24,000 levels. On the downside, 23,400 is expected to act as strong support. Besides banking and IT, themes like sugar, fertilizers and chemical are showing good traction on the expected lines. Traders should align their positions accordingly,” he added.

Meanwhile, ahead of the market opening today, as per Zeebiz, HDFC Life, Tata Motors, JM Financial, HPCL, BPCL are a couple of stocks that will likely be in focus today.

HDFC Life

HDFC Life Insurance shares are set to trade ex-dividend today. In the company’s Board meeting held on April 18, 2024, it had recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for FY 2023-24, subject to approval of the shareholders. The record date for payment of final dividend is Friday, 21 June 2024.

Tata Motors

Tata Motors has announced the launch of Tata Motors Fleet Verse – a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles. The platform offers features like new vehicle discovery, configuration, acquisition, financing, and is future-proofed to include a range of additional services and features, making Fleet Verse a one-stop digital destination for all commercial vehicle needs.

JM Financial

Securities Exchange SEBI has directed the Company to not take any new mandate as lead manager in public issue of debt securities up to March 31, 2025 or such further date as may be specified by SEBI.

HPCL

HPCL’s shares are scheduled to trade ex-bonus today. The company has recommended Bonus Issue Proportion @ 1 share for every 2 Shares held.

BPCL

BPCL’s shares are scheduled to trade ex-bonus tomorrow (June 22). The Board has recommended issue of Bonus Shares in the ratio of 1:1 i.e. one new bonus equity share of Rs 10 each for every one existing equity shares of Rs 10.

It has recommended a final dividend of Rs 21 per equity share of face value of Rs 10 each (pre-bonus), which translates into final dividend of Rs 10.5 per equity share of face value of Rs 10 per equity share) (post-bonus).

#Stocks #Spotlight #June #Stocks #Track #Today #Markets #News

Indian stock market: 7 key things that changed for market overnight – Gift Nifty, Asian markets to oil prices

Indian stock market: The domestic equity market is expected to open flat Thursday tracking mixed cues from Asian peers.

Asian markets traded mixed while the US stock market was closed for the Juneteenth holiday.

Market participants watch out for China’s one- and five-year loan prime rate fixing today. It is expected to remain unchanged after the People’s Bank of China earlier this week decided to keep the 1-year medium-term lending facility rate steady at 2.5%.

On Wednesday, the Indian stock market benchmark indices ended mixed amid profit booking at record high levels.

The Sensex gained 36.45 points, or 0.05%, to close at 77,337.59, while the Nifty 50 settled 41.90 points, or 0.18%, lower at 23,516.00.

“Strong buying in banking stocks helped Sensex sail through in a highly volatile trading session while Nifty ended weak as investors booked profit in auto, metals, oil & gas, telecom and realty shares after the recent upsurge. Ahead of the Budget, markets may see stock & sector-specific activities on hopes the government may increase outlay for sectors to push growth,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Also Read: Stocks to buy: ICICI Direct suggests 5 shares with up to 8% upside

Here are key domestic and global market cues for Sensex today:

Asian Markets

Asian markets traded mixed as investors awaited China’s one- and five-year loan prime rates.

Japan’s Nikkei 225 fell 0.28%, while the Topix eased 0.12%. South Korea’s Kospi rose 0.06%, while the Kosdaq inched up 0.04%. Hong Kong’s Hang Seng index futures indicated a lower opening.

Gift Nifty Today

Gift Nifty was trading around 23,522 level, a premium of nearly 20 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices.

Also Read: India beats China (in stock performance)

Wall Street

US stock futures traded little changed. Futures tied to the S&P 500 rose 0.05%, while Nasdaq 100 futures gained 0.2%. Dow Jones Industrial Average futures added 0.2%.

European Markets

European markets ended lower on Wednesday, while UK stocks rose. The pan-European STOXX 600 closed down almost 0.2%. Britain’s FTSE 100 gained 0.2%, while French benchmark CAC 40 closed nearly 0.8% lower.

RBI Bulletin

The Indian economy is likely to sustain the growth momentum of the January-March quarter in the three months through June as private consumption grows and manufacturing and services pick up pace, Reserve Bank of India (RBI) officials said.

Read here: GDP growth maintaining pace seen in Q4, says RBI bulletin

MSP Hike

The Union Cabinet approved an increase in the minimum support prices (MSP) for all 14 kharif crops for the 2024-25 crop season that runs from July to June. The increase means farmers will get around ₹2 lakh crore as MSP – ₹35,000 crore more than what they got in the previous season

Read here: Cabinet approves increase in MSP of 14 kharif crops for 2024-25 season

Oil Prices

Brent crude futures rose as Israeli tanks advanced into Gaza, while US crude futures fell on the prospect of swelling oil inventories, Reuters reported. Brent crude futures for August delivery rose 0.11% to $85.16 a barrel, while US West Texas Intermediate crude for July fell 0.21%, to $81.40 per barrel.

(With inputs from Reuters)

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Published: 20 Jun 2024, 07:00 AM IST

#Indian #stock #market #key #changed #market #overnight #Gift #Nifty #Asian #markets #oil #prices

Tag: nifty

Indian stock market: 7 key things that changed for market overnight – Gift Nifty, Asian markets to oil prices

Asian Markets

Gift Nifty Today

Wall Street

European Markets

RBI Bulletin

MSP Hike

Oil Prices

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What Are The F&O Cues Indicating?

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What Are The F&O Cues Indicating?

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Midcaps Down

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Asian Markets

Gift Nifty Today

Wall Street

US Jobless Claims

Infosys Q1 Results

European Central Bank Policy

Japan Inflation

RBI Bulletin

Dollar, Treasury Yields

Oil Prices

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#1. C.E. Info Systems

#2. DreamFolks

#3. ZF Commercial Vehicle Control System India

Conclusion

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Trade setup for Wednesday

Buy or sell stock ideas by experts

Sumeet Bagadia’s stocks to buy today

1] SBI Life Insurance: Buy at ₹1,495, target ₹1,550, stop loss ₹1,460

2] Indigo: Buy at ₹4,249, target ₹4,380, stop loss ₹4,180

3] DMart: Buy at ₹4,770, target ₹4,950, stop loss ₹4,650

Ganesh Dongre’s buy or sell stocks

4] Bombay Dyeing: Buy at ₹216.50, target ₹228, stop loss ₹4650

5] Craftsman Automation: Buy at ₹5,695.3, target ₹5,999, stop loss ₹5,499

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Asian Markets

Gift Nifty Today

Wall Street

European Markets

RBI Bulletin

MSP Hike

Oil Prices

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