ANYTIME BANKNIFTY

NSE & BSE revise index derivative expiry days from Jan 1, 2025:

NSE 🏛️

FINNIFTY, MIDCPNIFTY, NIFTYNXT50: Expiry → Last Thursday 📅

BANKNIFTY: Monthly & Quarterly expiry → Last Thursday (was Wednesday).

NIFTY: No changes. ✅

BSE 📊

Sensex Weekly: Expiry → Tuesday (was Friday).

Sensex, Bankex, Sensex 50 Monthly: Expiry → Last Tuesday.

Sensex Quarterly & Semi-Annual: Expiry → Last Tuesday (was Friday).👑

RBI was expecting India’s GDP to grow at 7% in the Jul-Sep quarter.

But, India’s economy grew by just 5.4% — the lowest in the last 7 quarters. 

So, what went wrong?

And what could this mean for your investments?

Let’s break it down. 👇

REASONS FOR DRAMATIC SLOWDOWN 

One major reason for this worse-than-expected slowdown is that India’s manufacturing sector has taken a hit. It only grew by 2.2% in this quarter, which is a huge drop compared to 7% growth last quarter and 14.3% a year ago.

Another key reason is the slowdown in private consumption. This is crucial because private consumption makes up about 60% of India’s GDP.

People are spending less, especially in urban areas, because of rising food prices, higher loan rates, and slow salary growth.

Nomura, a big global brokerage house, has said that the RBI is being “overly optimistic” about India’s growth for this financial year. They believe growth could be much lower than the RBI’s forecast.

Why? Multiple key indicators of urban consumption like car sales have seen a sharp decline in growth. 

Big FMCG companies like HUL and Nestle India have posted weak results for the June-September quarter. In fact, many top Indian companies reported their worst quarterly performance in over four years during the July-September period. 

This raises concerns that a slowing economy is starting to hit 
corporate profits. 

WHAT DOES THIS MEAN FOR YOUR INVESTMENTS?

A shocker like this usually leads to a correction in equities, so volatility in the short-term is quite possible. 

So, if you are expecting the returns that markets have delivered in the last few years, you may need to tone down your expectations. 

What should you do? 

The answer is quite boring. Stick to your asset allocation through periodic rebalancing. This will automatically ensure you are booking profits from overvalued assets and investing in fairly valued or undervalued investments.

What you shouldn’t do? 

You shouldn't stop investing during these turbulent times. Because this is the time that offers opportunities to invest in great businesses at reasonable valuations.

Short term Call Update:

Book Profits in

HUDCO

AT CMP : 239.4

Short term Call✨✨✨✨✨

BUY HUDCO🪷🪷✨✨✨✨

CMP : 234.67⌛⌛⌛⌛⌛⌛⌛⌛⌛⌛⌛⌛

SL : 227✔️✔️✔️✔️✔️

TGT : 247#️⃣#️⃣#️⃣#️⃣#️⃣

Intraday Call

SELL NIFTY 05 Dec 2024 CE 24300.00

CMP : 120🕯🕯🕯🕯🕯🕯

SL : 180📊📊📊📊📊📊📊

TGT : 60🔼🔼🔼🔼🔼

Intraday Call

SELL NIFTY 05 Dec 2024 CE 24200.00

CMP : 170

SL : 265

TGT : 70🤯🤯🤯🤯🤯🥰

Short term Call

BUY INFY 26 Dec 2024 CE 1880.00

CMP : 46.7

SL : 36

TGT : 62

JIOFIN 330 CE


ABV 12.60#️⃣#️⃣#️⃣#️⃣

Sl - 8#️⃣#️⃣#️⃣#️⃣#️⃣#️⃣

Target 16#️⃣#️⃣#️⃣#️⃣

NAUKRI 8200 PE ❤️❤️

BUY ABOVE 280

SL 260. ❤️❤️❤️

TGT 295/310/330++++

POLYCAB 7200 CE ❤️❤️

BUY ABOVE 230

SL 200 ❤️❤️❤️

TGT 245/260/280++++

ANYTIME BANKNIFTY pinned Deleted message

DEC EXPIRY+ POSITIONAL😈😈

NATIONALUM 250 CE

BUY ABOVE 12.8

SL 8 ❤️❤️❤️

TARGET 15-18-30

ABB 7300 CE ❤️❤️❤️

BUY ABOVE 105

SL 90 ❤️❤️❤️

TGT 114/125/140++++🥰🥰

Morning Alert..
*S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%*
Credit ratings agency S&P Global on Monday pared down its growth forecast for India to 6.7 per cent in FY26 from the earlier estimate of 6.9 per cent. However, in its latest quarterly economic update for Asia-Pacific, the rating agency maintained its growth forecast for the current financial year (FY25) at 6.8 per cent as “high interest rates and a lower fiscal impulse temper urban demand”. “While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators show some transitory softening of growth momentum due to the hit to the construction sector in the September quarter,” the update noted. The update also highlighted that persistent food inflation is delaying rate cuts by the Reserve Bank of India (RBI), and the central bank is expected to cut the policy rate only once in the current financial year. “Consumer inflation is fueled by supply shocks in agriculture, which have driven up food prices. These shocks are linked to changing rainfall patterns and climate change-driven heatwaves. Traditionally volatile and hard to predict, food inflation has become even more capricious lately. The RBI cannot ignore food inflation when considering rate cuts. Food items make up nearly 46 per cent of the inflation basket and persistently high food inflation raises inflationary expectations,” the update said.

* Global market action*
Dow Jones – Down by 0.14% or 61.64 points
FTSE – Up by 0.36% or 29.60 points
CAC – Up by 0.03% or 2.46 points
DAX – Up by 0.43% or 82.61 points
Gift Nifty – Down by 0.25% or 60.50 points

*FII/DII activities*
FII – Bought 9947.55Cr worth of shares
DII – Sold 6907.97Cr worth of shares.

*Stocks with high delivery percentage*
Akums Drugs & Pharma Ltd – 100%
GMM Pfaudler Ltd – 93.1%
Schaeffler India Ltd – 90.7%
Grindwell Norton Ltd – 89.2%
Endurance Technologies Ltd – 87%

*Primary market activities*
IPO opening today
Rajputana Biodiesal Ltd (NSE SME) – Issue size 24.70Cr

*Commodities updates*
Gold – Rs 75273/10gm, Silver – Rs 87684/kg, Brcrude – Rs 5823/barrel, Copper – Rs 815.80/kg.

*Corporate News*
Vedanta to proceed with dollar bond sale in first post-Adani credit test.

TotalEnergies pauses investments in Adani Group after bribery charges.

HUL ice-cream business demerger clears first hurdle after board nod.

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Major port cargo contracts by 3.2% to 68.22 mmt in October, shows data
📝 Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds
📝 Urban demand needs an upward spiral: ITC Executive Director Bhargavan
📝 FMCG distributors write to Finance Ministry on quick-commerce practices
📝 India-dedicated fund outflows hit largest since June 2022: Elara Capital
📝 Govt should add coking coal to critical minerals list: Niti report
📝 NGEL to invest Rs 2 trillion in Andhra for renewable energy projects
📝 SBI launches low-cost tailored vehicle loan for Uber's fleet partners
📝 Raymond receives NOC from exchanges for demerger of its realty business
📝 Flipkart's Binny Bansal steps down from fintech major PhonePe board
📝 Govt extends deadline for electric construction equipment safety compliance
📝 Advent agrees to sell Manjushree Technopack to PAG for nearly $1 billion
📝 After Mercedes, BMW India announces price hike of up to 3% from January

*Economic Times*

📝 India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
📝 India Inc’s interest cover weakens in Q2 amid slowing revenue, profit growth
📝 FSIB recommends Binod Kumar for post of Indian Bank MD & CEO
📝 CCI rejects Apple request to put antitrust report on hold
📝 Central Bank of India gets RBI nod to enter insurance biz through JV with Generali group
📝 AkzoNobel India approves selling company's immovable properties
📝 Sony bags Asian Cricket Council media rights till 2031
📝 Centre readies Technology Collaboration Portal to bridge chemical makers and research institutions
📝 Trai asks telcos to publish coverage maps on websites
📝 German GDP downgraded in new blow for struggling economy
📝 Hyundai recalls over 145,000 electrified US vehicles on loss of drive power
📝 Centre releases 15th Finance Commission grant for rural local bodies in Karnataka

*Mint*

📝 India's food processing industry spurs FMCG fresher jobs hiring; rising to 32% in H2FY24
📝 Finance COP fails to offer adequate finance to developing countries for climate
📝 India announces $5 billion incentive to boost electronics manufacturing
📝 Demand from Europe fuels recovery in Indian textile exports
📝 IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD
📝 Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries
📝 Mumbai, Delhi lead surge in demand for luxury residential properties in APAC
📝 Services sector boosts business activity as manufacturing growth slows in Nov
📝 India at CoP-29: Push for climate finance and strengthen domestic sources
📝 Zepto raises another $350 million in third fundraise in six months
📝 Bulk drug makers to benefit from price stability but need to improve efficiency

Morning Alert..
*Major port cargo contracts 3.2% to 68 mt in October, shows govt data*
Central government-owned ports, also known as major ports, recorded a rare 3.2 per cent year on year (Y-o-Y) contraction in their cargo volumes during October, primarily due to a fall in crude oil and coal shipments, according to government data. Traffic handled at the 12 major ports decreased last month to 68.22 million metric tonnes (mmt). Approximately, a fourth of this cargo arrived through coastal shipping. Overseas cargo handled by these ports decreased by 5.5 per cent to 52.9 mmt in October, while domestic cargo shipped through coastal waters increased by 5.3 per cent on-year to 15.9 mmt. Crude Oil, which accounts for almost a fifth of the entire traffic, contracted in volumes by 8.8 per cent to 12.9 mmt, while overall volumes of petroleum products also fell, the data reveals. Coal, also among the largest revenue generators for ports, showed a Y-o-Y contraction of 13 per cent, led by a large fall in non-thermal coal cargo. October typically sees higher movement of goods due to increased consumer spending in the festival season. Container volumes at state-owned ports in October remained flat (-0.2 per cent). In contrast, India’s merchandise exports showed a 28-month fastest pace of growth at 17 per cent, primarily led by inventory build-up in the West as the Christmas and New Year season approaches.

* Global market action*
Dow Jones – Up by 0.54% or 240.97 points
FTSE – Up by 1.37% or 112.81 points
CAC – Up by 0.57% or 41.69 points
DAX – Up by 0.91% or 176.42 points
Gift Nifty – Up by 1.17% or 281.50 points

*FII/DII activities*
FII – Sold 1278.37Cr worth of shares
DII – Bought 1722.15Cr worth of shares.

*Stocks with high delivery percentage*
Akums Drugs & Pharma Ltd – 100%
CIE Automotive Ltd – 90.7%
Suven Pharma Ltd – 84.2%
Ingersoll-Rand India Ltd – 81.4%
Glaxosmithkline Pharma Ltd – 80.9%

*Primary market activities*
IPO opening today
Rajesh Power Services Ltd (BSE SME) – Issue size 160.47Cr

*Commodities updates*
Gold – Rs 77650/10gm, Silver – Rs 90798/kg, Brcrude – Rs 5845/barrel, Copper – Rs 813.60/kg.

*Corporate News*
US agency conducting due diligence on Adani's Sri Lanka project: Report.

FSIB recommends Binod Kumar for the post of MD and CEO of Indian Bank.

Punit Goenka withdraws from reappointment for ZEEL MD in upcoming AGM.

Adanis knew of US probe when they sold assets to TotalEnergies: Prosecutors https://www.business-standard.com/companies/news/adanis-knew-of-us-probe-when-they-sold-assets-to-totalenergies-prosecutors-124112201366_1.html

Short term Call

BUY DIXON 28 Nov 2024 CE 15250.00

CMP : 277.4

SL : 235

TGT : 340

Short term Call

BUY LTIM 28 Nov 2024 CE 6000.00

CMP : 69

SL : 39

TGT : 112

Account handling done 📈📈

Short call update

Finnifty 23300 pe

223 to 245💬💬💬💬💬

FINNIFTY 23300 PE

223-215

SL-6P

T 268

Mishra Dhatu: Net profit at Rs 23.5 cr vs Rs 13.8 cr, Revenue at Rs 256 cr vs Rs 223 cr (YoY) (Positive)

MroTek: Net profit at Rs 1.9 cr vs loss Rs 2.9 cr, Revenue at Rs 12.9 cr vs Rs 7.2 cr (YoY) (Positive)

VVIP Infra: Net profit at Rs 27 cr vs Rs 11 cr, Revenue at Rs 170 cr vs Rs 120 cr (YoY) (Positive)

Cosmo: Net profit at Rs 57 cr vs Rs 28.8 cr, Revenue at Rs 758 cr vs Rs 663 cr, (YoY) (Positive)

Fluidomat: Net profit at Rs 6.2 cr vs Rs 3.5 cr, Revenue at Rs 19 cr vs Rs 14 cr (YoY) (Positive)

Jash Eng: Net Profit at Rs 18 cr vs Rs 1.5 cr, Revenue at Rs 348 cr vs Rs 314 cr (Positive)

Lumax Auto: Net Profit at Rs 51.8 cr vs Rs 37.6 cr, Revenue at Rs 842 cr vs Rs 700 cr (Positive)

RCF: Net Profit at Rs 79 cr vs Rs 51 cr, Revenue at Rs 4290 cr vs Rs 4155 cr (Positive)

Systematix: Net Profit at Rs 22.3 cr vs Rs 1.8 cr, Revenue at Rs 57 cr vs Rs 20 cr (Positive)

Eicher Motors: Net profit at Rs 1110 cr vs poll Rs 1115 cr, Revenue at Rs 4263 cr vs Rs 4115 cr (YoY) (Neutral)

Apollo Tyre: Net profit at Rs 297.4 cr vs poll Rs 306 cr, Revenue at Rs 6437 cr vs Rs 6453 cr (YoY) (Neutral)

Yuken India: Net profit at Rs 3.05 cr vs Rs 2.22 cr, Revenue at Rs 98.5 cr vs Rs 86.6 cr (YoY) (Neutral)

Sun Tv: Net profit at Rs 409 cr vs Rs 465 cr, Revenue at Rs 935 cr vs Rs 1048 cr (YoY) (Neutral)

Astrazeneca: Net profit at Rs 38.4 cr vs Rs 52.3 cr, Revenue at Rs 408 cr vs Rs 311 cr (YoY) (Neutral)

Torrent Power: Net profit at Rs 481 cr vs Rs 526 cr, Revenue at Rs 7176 cr vs Rs 6961 cr (YoY) (Neutral)

Precision Camshafts: Net profit at Rs 8.4 cr vs Rs 8.4 cr, Revenue at Rs 220 cr vs Rs 254 cr (YoY) (Neutral)

Agrawal Ind: Net profit at Rs 18.4 cr vs Rs 16.0 cr, Revenue at Rs 325 cr vs Rs 230 cr (YoY) (Neutral)

Infratech: Net profit at Rs 3.9 cr vs Rs 2.5 cr, Revenue at Rs 125 cr vs Rs 120 cr (YoY) (Neutral)

Sandur: Net profit at Rs 32 cr vs Rs 26 cr, Revenue at Rs 260 cr vs Rs 185 cr (YoY) (Neutral)

HEG: Net profit at Rs 82.3 cr vs Rs 96 cr, Revenue at Rs 568 cr vs Rs 614 cr (YoY) (Neutral)

Bajaj Steel: Net profit at Rs 17.6 cr vs Rs 17.5 cr, Revenue at Rs 152 cr vs Rs 153 cr (YoY) (Neutral)

Taparia Tools: Net profit at Rs 30.8 cr vs Rs 23.6 cr, Revenue at Rs 224 cr vs Rs 209 cr (YoY) (Neutral)

KRBL: Net profit at Rs 102.6 cr vs Rs 153.3 cr, Revenue at Rs 1270 cr vs Rs 1214 cr (YoY) (Neutral)

Axis Cades: Net profit at Rs 12.3 cr vs Rs 11.1 cr, Revenue at Rs 260 cr vs Rs 251 cr (YoY) (Neutral)

DDev: Net profit at Rs 44.7 cr vs Rs 42.3 cr, Revenue at Rs 580 cr vs Rs 642 cr (YoY) (Neutral)

Vodafone Idea: Net loss at ₹7,176 cr vs loss of ₹6,432 cr, Revenue at ₹10,932.2 cr vs ₹10,508.3 cr (QoQ) (Neutral)

Electrotherm: Net profit at Rs 58.9 cr vs Rs 67.5 cr, Revenue at Rs 813 cr vs Rs 985 cr (YoY) (Neutral)

Deepak NTR: Net profit at Rs 194 cr vs Rs 210 cr, Revenue at Rs 2030 cr vs Rs 1778 cr (YoY) (Neutral)

Fineotex: Net profit at Rs 32 cr vs Rs 29 cr, Revenue at Rs 146 cr vs Rs 142 cr (YoY) (Neutral)

Astrazeneca: Net profit at Rs 38 cr vs Rs 52 cr, Revenue at Rs 408 cr vs Rs 311 cr (YoY) (Neutral)

Varun Beverages: Company opens QIP, sets floor price at ₹594.56/share. (Neutral)

Tata Communication: Enters into agreement with Transaction Solutions International (India), agreement worth Rs 330 Cr (Neutral)

Dredging Corp: Net Loss at Rs 33.5 cr vs Net Profit Rs 16.8 cr, Revenue at Rs 200 cr vs Rs 198 cr (YoY) (Negative)

GNFC: Net profit at Rs 105 cr vs Rs 182 cr, Revenue at Rs 1987 cr vs Rs 2080 cr (YoY) (Negative)

Panacea: Net profit at Rs 1.3 cr vs Rs 3.2 cr, Revenue at Rs 76 cr vs Rs 95 cr (YoY) (Negative)

Fairchem: Net profit at Rs 4.0 cr vs Rs 10.3 cr, Revenue at Rs 138 cr vs Rs 152 cr (YoY) (Negative)

Sadhna Nitro: Net profit at Rs 0.3 cr vs Rs 2.6 cr, Revenue at Rs 42.9 cr vs Rs 42 cr (YoY) (Negative)

Ruby Mills: Net profit at Rs 2.8 cr vs Rs 9.9 cr, Revenue at Rs 51 cr vs Rs 53 cr (YoY) (Negative)

Brigade: Net profit at Rs 120 cr vs Rs 130 cr, Revenue at Rs 1070 cr vs Rs 1360 cr (YoY) (Negative)

Morning Alert..
*FPI-FDI transition to give overseas funds more elbow room, say experts*
With the new operational framework for reclassifying foreign portfolio investors (FPI) as foreign direct investment (FDI) upon breaching the 10 per cent threshold, certain overseas funds are set to get more flexibility in their India investments, experts said. There are around 17 companies listed on the National Stock Exchange (NSE) where a single FPI has holdings of up to 9 per cent, according to data provided by Primeinfobase. A majority of these are based out of popular jurisdiction destinations such as Mauritius and Singapore. These investors, if they wish to take their holdings above 10 per cent in an investee company, will now also have the option to either divest stake or reclassify as FDI upon approval from the government. “This relaxation meets one of the demands of certain funds which want to take a higher exposure in Indian companies especially mid-caps where the 10 per cent limit became restrictive. The enabling framework can now be implemented because the operational process has been specified,” said Rajesh Gandhi, partner, Deloitte. While the norms for reclassification were already present in the Foreign Exchange Management Act (Fema), in absence of operational guidelines, industry players have maintained status quo. Earlier this week, the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) issued the broad contours for FPI--FDI transition.

* Global market action*
Dow Jones – Up by 0.01% or 2.21 points
FTSE – Up by 0.06% or 4.56 points
CAC – Down by 0.14% or 10.15 points
DAX – Down by 0.16% or 30.53 points
Gift Nifty – Down by 0.07% or 17.00 points

*FII/DII activities*
FII – Sold 2502.58Cr worth of shares
DII – Bought 6145.24Cr worth of shares.

*Stocks with high delivery percentage*
PNB Housing Ltd – 82.2%
Home First Finance Company India Ltd – 79.6%
Endurance Technologies Ltd – 78.8%
P&G Hygiene and Health care Ltd – 76.3%
Balkrishna Industries Ltd – 75.3%

*Primary market activities*
Listing today
Niva Bupa Health Insurance Co Ltd (Main board) – Subscribed 1.90x

*Commodities updates*
Gold – Rs 74487/10gm, Silver – Rs 89190/kg, Brcrude – Rs 5791/barrel, Copper – Rs 800.35/kg.

*Corporate News*
India's Adani Group to invest $10 billion in US energy following Trump win.

Dilip Buildcon Q2 results: Net profit rises threefold to Rs 235 crore.

Vi Q2 results: Net loss narrows to Rs.7,175 crores, Arpu at Rs 156.

Morning Alert..
*Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep*
Retail inflation galloped to a 14-month high of 6.2 per cent in October, spurred by a spike in food prices, thus breaching the upper threshold of the Reserve Bank of India’s (RBI) target range. This sharp increase apparently extinguishes any remaining hopes of a policy rate cut when the RBI’s Monetary Policy Committee (MPC) convenes from December 4-6. Separately, industrial production appears to be on the rebound. The index of industrial production (IIP) grew by 3.1 per cent in September, buoyed by festival-driven demand, reversing a contraction in August. Data released the National Statistical Office (NSO) revealed that Consumer Price Index (CPI)-based food inflation on a year-on-year basis surged to 10.87 per cent in October — the highest in 15 months — fuelled by soaring prices for vegetables (up 42.18 per cent), fruit (8.43 per cent), oils and fats (9.51 per cent), and cereals (6.94 per cent). ICRA’s Chief Economist Aditi Nayar noted that with CPI inflation expected to exceed the MPC’s estimate of 4.8 per cent for the December quarter of FY25 by 60-70 basis points, the prospect of a rate cut in the upcoming policy review appears “ruled out”, despite her projection of sub-7 per cent GDP growth for the September quarter. “We anticipate a shallow rate cut cycle of 50 basis points may commence in February 2025 or later,” she added.

*Global market action*
Dow Jones – Down by 0.03% or 12.33 points
FTSE – Down by 1.24% or 99.42 points
CAC – Down by 2.77% or 199.90 points
DAX – Down by 2.18% or 414.96 points
Gift Nifty – Down by 0.16% or 38.50 points

*FII/DII activities*
FII – Sold 3024.31Cr worth of shares
DII – Bought 1854.46Cr worth of shares.

*Stocks with high delivery percentage*
Alembic Pharma Ltd – 83.5%
GMM Pfaudler Ltd – 82.8%
AIA Engineering Ltd – 82.3%
Jindal Worldwide Ltd – 80.6%
Medplus Health Services Ltd – 76.6%

*Primary market activities*
IPOs opening today
Zinka Logistics Solutions Ltd (Main board) – Issue size 1114.72Cr
Onyx Biotec Ltd (NSE SME) – Issue size 29.34Cr

Listing today
Swiggy Ltd (Main board) – Subscribed 3.59x
ACME Solar Holdings Ltd (Main board) – Subscribed 2.89x

*Commodities updates*
Gold – Rs 74931/10gm, Silver – Rs 89426/kg, Brcrude – Rs 5779/barrel, Copper – Rs 806.15/kg.

*Corporate News*
Hyundai Motor India Q2 PAT down 16% in first results after listing.

RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh.

L&T bags over Rs 15,000 crore NTPC order for thermal power plants.

Morning Alert..
*FPIs withdrew around Rs 20,000 cr from equities in last 5 trading sessions*
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. With the newly elected US president not assuming office until January 2025, the Indian market's near-term direction will be more influenced by domestic factors like the Maharashtra assembly election results, corporate earnings commentaries, and retail investor behaviour in response to the October and early November downturn, Sunil Damania, Chief Investment Officer, MojoPMS, said.

* Global market action*
Dow Jones – Up by 0.07% or 32.13 points
FTSE – Down by 0.85% or 68.35 points
CAC – Down by 1.18% or 86.93 points
DAX – Down by 0.77% or 147.04 points
Gift Nifty – Up by 0.01% or 3.00 points

*FII/DII activities*
FII – Sold 3404.04Cr worth of shares
DII – Bought 1748.44Cr worth of shares.

*Stocks with high delivery percentage*
Devyani International Ltd – 87.2%
Medplus Health Services Ltd – 87.1%
KSB Ltd – 86.6%
Shoppers Stop Ltd – 86.5%
Jindal Worldwide Ltd – 82.9%

*Commodities updates*
Gold – Rs 77265/10gm, Silver – Rs 91270/kg, Brcrude – Rs 5953/barrel, Copper – Rs 834.45/kg.

*Corporate News*
Punjab & Sind Bank seeks bids to sell Rs 403 cr bad loans in 9 accounts.

REC eyes another Rs 5,000 crore fundraise through zero-coupon bonds.

Taj Hotels' parent co IHC to add 120 properties to tap travel, wedding boom.

Velocity Idea

BUY PAYTM 

CMP 816 
SL 750
TGT 950
(TIME FRAME 1- 3 MONTHS)

Estimated Profit 16%

Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer click on
https://ftp.motilaloswal.com/emailer/Marketdiary/Disclaimer/Disclaimer.pdf

Short term Call

BUY TVSMOTOR 28 Nov 2024 PE 2450.00

CMP : 50.25

SL : 35

TGT : 73

Short term Call

BUY TVSMOTOR 28 Nov 2024 PE 2450.00

CMP : 50.25

SL : 35

TGT : 73

Short term Call

BUY LALPATHLAB 28 Nov 2024 CE 3100.00

CMP : 74

SL : 42

TGT : 130👍👍👍👍

Short term Call

BUY VOLTAS 28 Nov 2024 CE 1800.00

CMP : 35

SL : 20

TGT : 55

Morning Alert..
*Rupee hits another low on rise in crude oil prices, equity selloff*
The rupee depreciated to a fresh low of 84.38 per dollar on Thursday as foreign investors continued to sell domestic equities and crude oil prices rose. The caution ahead of the US Federal Reserve meeting outcome further weighed on the Indian unit. Market participants said that with strengthening dollar and rise in US yields after the US presidential election results, the Reserve Bank of India (RBI) has been allowing gradual depreciation of the rupee in line with its Asian peers. The local currency had touched a new low of 84.28 per dollar on Wednesday after Republican candidate Donald Trump won the 47th United States (US) presidential election decisively, defying expectations and securing a greater number of votes than Kamala Harris. “It seems the RBI has gone slow on its sales of dollar after the rise in US yields, expecting more outflow from FPIs in the coming months… With Asian currencies down, US dollar up, and yields up, the RBI does not have any option but to allow the rupee to fall to ensure that REER (Real Effective Exchange Rate) remains competitive for our exports. If the FOMC (Federal Open Market Committee) is a bit hawkish in its tone or does not cut rates today, or says it will not cut in December, then we could see another fall in rupee to the extent of 84.50 in a slow and steady up move.

*Global market action*
Dow Jones – Up by 0.05% or 21.04 points
FTSE – Down by 0.32% or 25.94 points
CAC – Up by 0.75% or 55.99 points
DAX – Up by 1.67% or 323.21 points
Gift Nifty – Up by 0.06% or 12.00 points

*FII/DII activities*
FII – Sold 4888.77Cr worth of shares
DII – Bought 1786.70Cr worth of shares.

*Stocks with high delivery percentage*
AIA Engineering Ltd – 87.7%
Timken India Ltd – 80.5%
Jindal Worldwide Ltd – 80.2%
Carborundum Universal Ltd – 79.2%
Sundaram Fasteners Ltd – 76.9%

*Primary market activities*
IPO opening today
Neelam Linens and Garments India Ltd (NSE SME) – Issue size 13Cr

*Commodities update*
Gold – Rs 77380/10gm, Silver – Rs 92248/kg, Brcrude – Rs 6131/barrel, Copper – Rs 849.85/kg.

*Corporate News*
New launches likely to fuel domestic growth: JB Pharma CEO Nikhil Chopra.

Indian Hotels Company inks pact with Delhi's iconic Claridges Hotels.

M&M Q2FY25 results: PAT up 35% at Rs 3,171 crore on strong auto sales.

Intraday Call

SELL NIFTY 07 Nov 2024 PE 24400.00

CMP : 60

SL : 120

TGT : 0.05

CITI INDIA STRATEGY----

Trump win is widely considered to imply a stronger onger dol dollar, rising US rates and trade policy uncertainty

For India, a stronger dollar is negative in absolute sense

But relatively, within EM context, is subject to drivers of rotation trade into China

Impact of trade policy uncertainty is relatively lower as largely domestic oriented economy

Listed universe has limited exposure to goods trade with US

Medium term, we believe domestic consumption/investment growth trends will dictate India earnings

Valuations have come off peak but remain well above long term averages

We would continue to buy dips; Sep'25 Nifty target has ~4% upside

Wockhardt Launches QIP

Indicative Total Issue Size: Up to INR 1000 cr (approx. US$ 119 Mn)

Indicative Issue Size (Green Shoe Option): Up to INR 200 cr (approx. US$ 24 Mn)

Indicative Issue Price: INR 1,105 per Equity Share (4.93% discount to SEBI Floor Price)

Implied Discount of indicative issue price from closing price: 12.98% discount to the close price on NSE on November 06, 2024

Dilution: ~5.57% of post-issue paid-up equity share capital (At indicative issue price)

SEBI Floor Price: INR 1,162.25 per Equity Share

Nomura on India T&D

CG Power – Initiate Buy with TP of Rs 970

GE T&D – Initiate Buy with TP of Rs 2500

Apar Industries – Initiate Buy with TP of Rs 11700

OMURA ON INDIA T&D

CG Power Initiate Buy with target price of Rs 970

GE T&D - Initiate Buy with target price of Rs 2,500

Apar Industries - Initiate Buy with target price of Rs 11,700

Multi-decade growth story

$110bn domestic grid investment opportunity over FY22-32

India's power transmission sector is poised for significant growth, driven by surging electricity demand and ambitious renewable energy capacity addition targets

CEA expects $110bn in investments over FY22-32

Globally, regions such as Europe, North America, and MENA are also investing heavily in transmission infra

Europe is focusing on renewable energy integration, while North America is prioritizing grid modernization

MENA is driven by increasing demand and a shift towards sustainability

To capitalise on these manifold

opportunities, favor product manufacturers with strong technological capabilities and a significant domestic manufacturing presence

JB Chem Pharma Q2 FY25 (Consolidated, YoY)

Revenue up 13.49% at Rs 1001 crore versus Rs 882 crore. (Bloomberg estimate Rs 1,002 crore)

Ebitda up 11.52% at Rs 271 crore versus Rs 243 crore. (Bloomberg estimate Rs 277 crore)

Ebitda margin down 47 bps at 27.07% versus 27.55%. (Bloomberg estimate 27.6%)

Net profit up 15.89% at Rs 175 crore versus Rs 151 crore. (Bloomberg estimate Rs 172 crore)

📢 Polycab Secures Contract from BSNL worth ₹5,650 Cr

#Polycab India has emerged as the lowest bidder (L1) for a significant contract from Bharat Sanchar Nigam Limited (BSNL) for development & maintenance of the BharatNet middle mile network in two packages:

🔹Package 4 (Karnataka, Goa, Puducherry): ₹4099.69 Cr
🔹Package 7 (Bihar): ₹1549.66 Cr
🔹Total Project Value: ₹5649.36 Cr

🏗 The scope includes design, construction (3 years), and a maintenance contract (10 years) under DBOM model.

Morning Alert..
*Rupee hits new low; yet second best performer among Asian currencies*
The rupee fell 0.20 per cent on Wednesday to settle at a new low of 84.28 per dollar, marking the largest single-day decline since June 20 this year. However, it was the best-performing Asian currency after the Hong Kong dollar. The rupee had closed at 84.11 on Tuesday. The Thai baht and Japanese yen depreciated the most against the greenback with 1.92 per cent and 1.66 per cent depreciation, respectively. The local currency fell as Republican candidate Donald Trump won the 47th United States (US) presidential election decisively, defying expectations and securing a greater number of nationwide votes than Kamala Harris. Trump is seen as a proponent of a strong dollar and his stance is a factor in pushing US yields higher, driven by anticipated populist measures that could increase borrowing, inflation, and yield. Trump has pledged to implement a 10 per cent tariff on imports from all countries and impose a 60 per cent duty on Chinese goods.

*Global market action*
Dow Jones – Up by 0.18% or 79.08 points
FTSE – Down by 0.07% or 5.71 points
CAC – Down by 0.51% or 37.54 points
DAX – Down by 1.14% or 216.96 points
Gift Nifty – Down by 0.41% or 100.50 points

*FII/DII activities*
FII – Sold 4445.59Cr worth of shares
DII – Bought 4889.33Cr worth of shares.

*Stocks with high delivery percentage*
Medplus Health Services Ltd – 89.8%
Kama Holdings Ltd – 85.3%
APL Apollo Tubes Ltd – 82.3%
Route Mobiles Ltd – 82.1%
Shoppers Stop Ltd – 80.5%

*Primary market activities*
IPO opening today
Niva Bupa Health Insurance Company Ltd (Main board) – Issue size 2200Cr

*Commodities updates*
Gold – Rs 76735/10gm, Silver – Rs 90811/kg, Brcrude – Rs 6065/barrel, Copper – Rs 826.3/kg.

*Corporate News*
Tata Steel Q2 results: Net profit at Rs 833.45 crore due to lower expenses.

IFC to partner with Bajaj Finance to pump in $400 mn for climate finance.

Reliance Power clears debt of Rosa Power focusing on green energy growth.

ट्रंप ने चुनाव में जीत हासिल कर ली है। ट्रंप बने अमेरिका के नए राष्ट्रपति।
अमरीका के इतिहास में 133 साल बाद किसी राष्ट्रपति ने बीच मे हारकर दूसरी बार कमबैक किया है।

Jabardast fight 😄

NIFTY STRATEGY BEARISH POSITIONAL 7th NOV

BUY 2 LOT 24300 PE @ 107
SELL 6 LOT 24100 PE @ 41
BUY 4 LOT 24000 PE @ 24

MAX PROFIT - 8400
MAX LOSS -- 1600
MARGIN REQ : 75K

Short term Call

BUY BDL

CMP : 1064

SL : 999

TGT : 1175

Intraday Call

SELL BANKNIFTY 06 Nov 2024 PE 52200.00

CMP : 152

SL : 300

TGT : 0.05

Morning Alert..
*India's shadow lenders retreat as bad loans increase amid crackdown*
Six years after the country’s shadow-banking sector blew up, pockets of stress are building again, prompting firms to start pulling back amid scrutiny from the Reserve Bank of India (RBI). Bajaj Finance, India’s largest non-banking financial company (NBFC), joined rivals including Shriram Finance, Mahindra & Mahindra Financial Services, and IIFL Finance that posted higher delinquencies on unsecured loans in their second quarter earnings reports. Most firms also set aside more capital for provisions and had lower profits than expected. The “Goldilocks” moment for lenders riding the wave of demand for loans from retail customers while maintaining clean balance sheets may have clouded. These firms are grappling with an increase in bad loans, margin compression and intense competition for deposits, according to bankers and analysts. RBI Governor Shaktikanta Das said last month that even though the overall sector remains healthy, there are outliers who pursue an “imprudent, growth-at-any-cost approach,” which is counter productive. A week later, the central bank stopped new loans at four shadow banks. NBFCs accounted for 15 per cent of assets in the financial system as of March 2023, according to the RBI. While these lenders boost profits through higher interest rates on loans, they’re more vulnerable to defaults when the economic cycle turns, according to Moody’s Ratings.

* Global market action*
Dow Jones – Up by 1.19% or 503.37 points
FTSE – Down by 0.15% or 11.85 points
CAC – Up by 0.48% or 35.44 points
DAX – Up by 0.56% or 108.42 points
Gift Nifty – Up by 0.19% or 45.50 points

*FII/DII activities*
FII – Sold 2569.41Cr worth of shares
DII – Sold 3030.96Cr worth of shares.

*Stocks with high delivery percentage*
Zydus Wellness Ltd – 95.5%
Route Mobile Ltd – 90.3%
Schaeffler Technologies Ltd – 82.4%
Endurance Technologies Ltd – 81.8%
Bayer CropScience Ltd – 80.5%

*Primary market activities*
IPOs opening today
Swiggy Ltd (Main board) – Issue size 11327.43Cr
ACME Solar Holdings Ltd (Main board) - Issue size 2900Cr

*Commodities updates*
Gold – Rs 78488/10gm, Silver – Rs 94627/kg, Brcrude – Rs 6050/barrel, Copper – Rs 859.70/kg.

*Corporate News*
L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal.

Manappuram Finance Q2 results: PAT up 2% at Rs 571 cr on gold loan boost.

Titan Q2FY25 results: Net profit down 23% due to cut in customs duty.

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Govt estimates record 119.93 mt rice output for year 2024-25 Kharif season
📝 JNPA records nearly 12% rise in Oct container traffic to 614,651 TEUs
📝 Shreyas Srinivasan quits as Paytm's CPO after Zomato's Insider acquisition
📝 Airtel pushes DoT for non-discriminatory waiver in telecom sector reforms
📝 Maruti Suzuki-backed Bharat Seats to issue bonus shares for shareholders
📝 Thomson Reuters Q3 revenue rises 8% to $1.72 billion, beats expectation
📝 Apollo's Q3 profit increases 12% on gains from retirement business
📝 IBBI proposes mediation mechanism for operational creditors in IBC
📝 S Korea fines Meta $15 mn for illegally collecting info from Facebook users
📝 4.8 million weddings this year to generate over Rs 6 trillion: Cait
📝 Govt starts Phase-II of subsidised wheat flour, rice sale under 'Bharat'
📝 Iron ore climbs to over 2 week high on prospects of more China stimulus

*Economic Times*

📝 IndiGo co-founder Rakesh Gangwal becomes chairman of Southwest Airlines
📝 India, Kazakhstan to set up a JV in critical minerals sector
📝 Bajaj Finserv Mutual Fund files draft with Sebi for ELSS fund
📝 IHCL acquires majority shareholding in operating company of Tree of Life
📝 Aptus Value Housing Finance Q2 Results: Profit rises 22% to Rs 182 crore; dividend declared
📝 Marut Drones raises $6.2 million from Lok Capital
📝 QubeHealth raises pre-series A funding from UIV, CanBank
📝 NBCC secures Rs 500 crore contract from BIS
📝 Venus Remedies gets GMP approval for pre-filled syringe facility
📝 Fidelity marks up Lenskart valuation by 12% to $5.6 billion
📝 IL&FS seeks legal advice to recover excess remuneration paid to directors

*Mint*

📝 Power trading volumes in short-term market rise 12% in FY24
📝 JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha plant
📝 Muthoottu Mini Financiers launches NCD issue to raise ₹150 crore
📝 NMDC board to consider bonus issue for first time in 16 years on November 11
📝 Sebi’s move to curb option volumes to have substantial impact, says NSE chief
📝 Around ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI
📝 MSCI review: Voltas, BSE, Adani Energy, among six stocks likely inclusions
📝 JK Cement cut volume growth guidance, but a timely expansion makes up for it
📝 Apollo Green Energy plans ₹1,500 cr capex to capitalize on India’s green push
📝 CastNX Secures ₹23.22 Cr Investment to Drive Power Electronics Innovation
📝 Ranjan Pai’s Claypond backs Easy Home Finance in $35 million funding round

BTST

BUY BEL 

CMP 286
SL 282
TGT 296

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BTST

BUY SAIL

CMP 118
SL 115
TGT 125


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BRITANNIA 5800 PE

80 ABOVE


TGT 90/100/120+++++

LALPATHLAB

3400 CE

ABOVE 92

HAL 4500 PE 124 ABOVE

SL 113

TGT 130/140/150+++++

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