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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

April 07, 2025

  • Daily Morning Report                      Date: 07.04.2025
  • NIFTY OUTLOOK: 22904.45  FII: -3483.98 cr  DII: -1720.32 cr
  • (7th April – 11th April 2025)
  • As discussed in the previous report dated 1st April 2025, market behaviour remained on expected lines. Bears dragged the price near our support of 22877, making a low of 22857.45.
  • A bearish evening doji star pattern on the weekly chart indicates bears have seized control. If the southward trend continues and 22777–22741 is decisively broken, further downside towards 22577–22415 is likely. This is a crucial support zone. If Nifty fails to hold, it may slip further to 22253.
  • On the upside, 23067–23237 may act as immediate resistance. A breakout and sustain above this range could push Nifty to 23377–23393.
  • Bank Nifty OUTLOOK:
  • SPOT: 51502.70 PCR: 0.99 Max CE OI: 53000 Max PE OI: 50000
  • On 4th April 2025, the Bank Nifty index closed at 51502.70, down 0.18% from the previous day. The total intraday movement was 533.20 points, with a high of 51893.60 and a low of 51360.40.
  • Previous day's high of 51893.60 and low of 51360.40 can be considered as resistance and support, respectively, for today’s trade.
  • Technical View on Daily Chart:
  • Key levels on the Bank Nifty daily chart are 51900 as resistance and 51200 as support. If the index crosses 51900 and sustains, it may move towards 52250 followed by 52750. On the downside, a breach of 51200 could lead it back to 50900, and further to 50300.
  • The Relative Strength Index (RSI) stands at 64.30. RSI below 30 is considered oversold, while above 70 is overbought.
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none of the SMAs.
  • No bullish candlestick pattern was identified in Bank Nifty.
  • Macros:
  • 1. Dollar index @ 102.84
  • 2. Vix @ 45.31 ( +50.93 % )
  • 3. Crude @ 63.75 %
  • 4. US 10 years bond yield @ 3.925
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none of the SMAs.
  • No bullish candlestick pattern was identified in Bank Nifty.
  • Note: Expectations of a US recession and China’s 34% counter-tariff triggered a sharp sell-off in global equities. All US markets closed 5% to 5.90% lower, causing panic across asset classes worldwide.
  • The next 3–5 days will be crucial as countries respond — some have announced zero tariffs, others are negotiating, while a few prepare for reciprocal measures. The situation remains tricky for equities, and it's advisable to stay cautious for the next 3–4 days.
  • This correction may offer a good buying opportunity. "Sell when everyone is buying & buy when everyone is selling."
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • Incred on Delhivery
  • Based on FY24 volumes, this should raise Delhivery's market share from 16% to 25% in express parcels
  • If we value Ecom express at Delhivery's EV/ Sales, it would imply the transaction yields a Rs15bn benefit to Delhivery (8% of CMP)
  • JMFL on Delhivery Acquisition
  • Find this acquisition to not only be opportunistic (0.6x FY25E Revenue multiple) but also highly strategic as it enables Delhivery to transition Ecom Express' volumes to its lower cost network and hence benefiting from incremental revenue opportunity while not really having to underwrite the losses
  • Furthermore, the acquisition could also bring pricing discipline to the ecosystem in light of the headwinds that 3PL volumes have seen since the largest shipper, Meesho, started shifting volumes
  • We believe this acquisition could
  • just be the trigger needed for a sustained uptick in Delhivery's stock price considering the company currently trades at c, 20% FY27E pre IndAS Adj, EBITDA multiple (pre- acquisition)
  • Emkay INITIATES on Fino Payments
  • Initiate coverage on Fino Payments Bank (Fino) with BUY and TP of Rs300 (upside of 34% )
  • Fino has emerged as a distinctive, asset-light, and profitable payment bank, capitalizing on India's RURBAN digitization wave
  • It now plans to transition into a unique SFB with payment cum lending business, delivering sustainably higher ROA/RoE (over 2,3-2,5% / 1.7%) in the long run.
  • SUGAR STOCKS, PRAJ , BCL IND , GULSHAN POLYOLS; Ethanol production to boost farmers' income, strengthen economy: Adityanath - PTI
  • Emkay on Delhivery Ecom Acquisition
  • Retain BUY on Delhivery while cutting our DCF-based TP by ~6% to Rs400 (Dec-25E).
  • Combined entity would command ~55-60% market share of the 3PL B2C express market, dwarfing the immediate peer by ~3x
  • There are significant cost synergies to be realized over the next 12-18 months
  • While valuations are fairly attractive, the acquisition is unlikely to be earnings accretive in the near term
  • Concerns around Meesho increasing insourcing of logistics would continue to cast a shadow on the volume trajectory in the near term
  • CLSA on Nifty
  • While there remains risk of further short-term weakness with pressure on risk asset globally, the breadth thrust buy signal registered in late March coupled with the daily momentum indicator having confirmed late March highs suggests that pullback should be limited and followed by further gains.
Panchkarma