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Market Highlights

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

April 01, 2025

  • Daily Morning Report 1st April 2025
  • NIFTY OUTLOOK: 23,519.35 FII: -Rs. 4,352.82 cr | DII: Rs. 7,646.49 cr
  • (1st April – 4th April 2025)
  • As discussed in the 24th March 2025 report, the market followed the expected uptrend, rallying to 23,870 after decisively breaking 23,413.
  • However, the appearance of a gravestone doji candlestick pattern on the weekly chart signals a potential pause in the uptrend, with bears taking control. The Nifty Index may find support around 23,358–23,330 to 23,198, and a break below these levels could lead to a further decline towards 23,037–22,877.
  • While the short-term trend remains positive, diminishing buying pressure last week suggests 23,683–23,847 as immediate resistance. A breakout above these levels could push the Nifty towards 24,026–24,163.
  • Bank Nifty Outlook
  • SPOT: 51,564.85 | PCR: 0.99 Max CE OI: 53,000 | Max PE OI: 53,000
  • On 28th March 2025, Bank Nifty closed at 51,564.85, down 0.02% from the previous day. The index moved 503.75 points intraday, hitting a high of 51,839.10 and a low of 51,335.35.
  • For today's session, the previous high (51,839.10) may act as resistance, while the previous low (51,335.35) could serve as support.
  • Technical View on Daily Chart
  • Key levels for Bank Nifty: Resistance at 52,063, Support at 50,920.
  • On 28th March, the index traded within a range and closed with a long-legged doji formation. A break above 52,000-52,100 may trigger an upward rally toward 53,000, followed by 54,000 in the short term. Conversely, if it breaches the support zone, a decline toward 50,600-50,500 is likely.
  • The Relative Strength Index (RSI) stands at 69.93. Readings below 30 indicate an oversold condition, while those above 70 signal an overbought market.
  • Bank Nifty Day SMA Analysis
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, and 200-day).
  • It is not trading below any SMA.
  • A bullish candlestick pattern was identified:
  • Long-legged doji in an uptrend.
  • Macro:
  • Global markets remain uneasy as the deadline for potential trade tariffs nears. The Dollar Index stands at 103.92, while the 10-year bond yield is at 4.223%. Crude oil trades at $74.24, and VIX has surged 5.68% to 22.88, indicating rising market volatility.
  • U.S. stocks fell sharply on Monday amid concerns over President Trump’s April 2nd tariff deadline, which could fuel inflation and slow economic growth. Recent payroll data also signals a slowdown, with March job additions at 1.39 lakh, down from 1.50 lakh in February, while the unemployment rate remains at 4.1%.
  • As the deadline approaches, global equities may see knee-jerk reactions. The full impact on inflation, jobs, and possible retaliatory tariffs will unfold in the coming months. In the short term, market sentiment remains cautious.
  • Contributed by
  • Ashok bhandari : INH000019549
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  • Beat The Street Bulletin
  • Date: 01-Apr-2025
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  • Order Win
  • - NIRAJ CEMENT: JV wins Rs 115 crore order from NHAI.
  • - POWER MECH: Wins Rs 425 crore order from Adani Power.
  • - POWER MECH: Wins Rs 972 crore order from NHAI for Jharkhand bypass.
  • - NEWGEN SOFTWARE: Wins Rs 35.3 crore order for a trade finance solution.
  • - TITAGARH RAIL: Appointment of new CEO.
  • - SOLARIUM GREEN ENERGY: Wins Rs 3.06 crore order from BSF for solar power plant.
  • - RITES: Wins Rs 155.50 crore order for railway sidings from Numaligarh Refinery Ltd.
  • - DEV INFO: Wins Rs 3.8 crore government order for digital transformation.
  • - ENGINEERS INDIA: Wins Rs 245 crore consultancy orders from state-owned organizations.
  • - SATHLOKHAR SYNERGYS: Wins Rs 85.12 crore order.
  • - TERA SOFTWARE: Wins Rs 273 crore order from MVVNL.
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  • Acquisition/Disinvestment
  • - ZIM LAB: Approved investment in ZIM Scientific Office LLC.
  • - OMAXE LTD: To sell Landlord Developers Pvt Ltd for ₹19.66 crore.
  • - KCD IND: Disinvestment of subsidiary KCD Carmatrix Pvt Ltd.
  • - VARUN BEVERAGES: Update on acquisition of SBC Beverages Ghana and Tanzania.
  • - BAJAJ AUTO: Acquisition of convertible bonds worth €50 million from Pierer Bajaj AG.
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  • Collaboration/Partnership
  • - LTIMINDTREE: Announces strategic partnership with Google Cloud.
  • - INFOSYS: Partners with Linux Foundation Networking for Responsible AI.
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  • Leadership Changes
  • - TITAGARH RAIL: Appointment of Shri Devendra Kumar Vyas as CEO (Freight Rail Systems).
  • - SBI CARD: Resignations of MD & CEO Abhijit Chakravorty and Non-Executive Nominee Director Nitin Chugh.
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  • New Projects
  • - NTPC: Foundation stone for Sipat Super Thermal Power Project.
  • - ADANI GREEN: Operationalized 480.1 MW solar power projects in Khavda, Gujarat.
  • - Lemon Tree Hotels: Signs franchise agreement for new property in Pali, Maharashtra.
  • - IGL: To set up solar plant in Rajasthan with Rajasthan Rajya Vidyut Utpadan Nigam.
  • - KAYNES TECHNOLOGY: To form a wholly owned subsidiary for satellite technology development.
  • - Gujarat Alkalies: Commences production at new Chlorotoluene Plant in Dahej.
  • - PRESTIGE ESTATES: Board approves Rs. 1,625.04 crore investment in PHVL subsidiary for hospitality projects.
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  • Fundraising
  • - SAKSOFT: Merger with subsidiaries approved; merger effective from April 1, 2024.
  • - HUDCO: FY25 Loan sanctioned and disbursements up sharply.
  • - SBI CARD: Tax notice of ₹232.37 crore under the Income Tax Act.
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  • Bought/Sold
  • - IDEAFORGE TECHNOLOGY: Large trade: Florintree Enterprise sold 10 lakh shares, Blue Diamond bought 10 lakh shares.
  • - CARBORUNDUM UNIVERSAL: Large trade: Southern Energy Development Corporation sold 10 lakh shares.
  • - CUPID: Large trade: Highpoint Commercial sold 13.5 lakh shares.
  • - RADIANT CASH MANAGEMENT SERVICE: Large trade: Ascent India Fund III sold 34.7 lakh shares, BNP Paribas bought 25 lakh shares.
  • - SBC EXPORTS LIMITED: Large trade: Vasudha Investment bought 23.83 lakh shares.
  • - SHRIRAM PROPERTIES LTD: Large trade: Pleasure Work Homes sold 8.6 lakh shares, Sammys Dreamland bought 11 lakh shares.
  • - VL E-GOVERNANCE & IT SOLUTIONS: Large trade: Nishant Pitti bought 9.49 lakh shares.
  • - RAPID FLEET MGT SERVICES: Large trade: Morning Vinimay bought 0.48 lakh shares.
  • - HI-TECH PIPES LIMITED: Large trade: Nexpact Limited sold 12.75 lakh shares.
  • - PRITISH NANDY COMMUNICATION LTD: Large trade: Bharati Kamal Morarka sold 6.1 lakh shares, Ideas.com India Pvt Ltd bought 6.23 lakh shares.
  • - SHARDA MOTORS: GST department search, no violations reported.
  • - IND SWIFT LABS: Large trade: Hal Offshore Ltd sold 4.46 lakh shares, RPL Capital Finance Ltd bought 4.46 lakh shares.
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  • Tax Order
  • - MPHASIS: Demand notice for ₹232.37 crore under Income Tax Act.
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  • Clarification
  • - RELIANCE IND: Clarification about transferring equity stake in RPPMSL to Reliance Retail.
  • - BHEL: Filed commercial suit to recover ₹542.14 crore from Karnataka Power Corporation.
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  • IPO
  • - No specific IPO-related news in the provided data.
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  • Miscellaneous
  • - VEDANTA: Extended demerger timeline to September 2025.
  • - BSE: Board approved a 2:1 Bonus Share issuance.
  • - CEIGALL INDIA: Received confirmation for the appointed date for the Ayodhya Bypass project.
  • - SPARC: Submitted IND application for SBO-154 to the US FDA.
  • - ADANI GREEN: Operationalized 25 MW solar power project in Khavda, Gujarat.
  • - SHRIRAM PROPERTIES LTD: Large trade related to ownership changes.
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  • USFDA Approval
  • - SPARC: Submitted IND application to the US FDA for SBO-154, a novel cancer drug.
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  • Stay updated with Beat The Street
  • EICHER MOTORS MARCH SALES ; TOTAL SALES UP 34 % TO 1.01 LKH UNITS ( YOY), V EST 95 K UNITS
  • EICHER MOTORS MARCH SALES ; Models up to 350cc Up 32% To 87312 UNITS YOY
  • Above 350cc Up 49% To 13,709 Units YOY
  • Year-to-date sales reached 10,09,900 units, an 11% increase.
  • International sales up 36 % To 12,971 units YOY
  • WOCKHARDT; Wockhardt announced the successful treatment of a 15-year-old US cancer patient with a severe drug-resistant infection using Zaynich™ (Zidebactam/Cefepime). The patient, who had not responded to multiple antibiotics, was treated under compassionate use at St. Jude’s Hospital.
  • Following FDA approval, a 41-day treatment led to recovery, marking the third successful case in the US.
  • Zaynich™, a novel antibiotic targeting resistant infections, has undergone global Phase III trials. Wockhardt, a global pharmaceutical company, focuses on developing innovative antibiotics to combat superbugs, with six products receiving QIDP status from the US FDA.
  • MOREPEN LABORATORIES; Morepen Laboratories has received approval from China’s National Medical Products Administration for Loratadine, an anti-allergy API, marking its entry into the Chinese market.
  • Already holding over 80% of the US generics market for Loratadine, Morepen aims to strengthen its global presence.
  • The company, a leader in API exports, operates world-class manufacturing facilities and exports to 82 countries.
  • GLENMARK PHARMA; Glenmark Pharmaceuticals Inc., USA, has launched Vancomycin Hydrochloride for Injection USP in 750 mg, 1.25 g, and 1.5 g single-dose vials, which are bioequivalent to Mylan’s version.
  • The product enters a market valued at $39.3 million Annualy
  • OLA ELECTRIC; Ola Electric registered 23,430 units in March 2025.
  • Have nearly cleared Feb backlog & expect to complete remaining Feb–March registrations in April
  • ESCORTS KUBOTA MARCH SALES ; DOMESTIC SALES UP 15.2 % TO 10,775 UNITS YOY
  • EXPORT SALES UP 12.4 % TO 599 UNITS YOY
  • Co. says The start of Chaitra Navratri festival in March has led to a good demand from our strong market. Moving forward, we expect the momentum of growth to continue in the coming months.
  • This will be driven by the initial forecast of a normal South-West monsoon this year, along with increased Rabi sowing, good water reservoir levels, and favorable base conditions.
  • ESCORTS KUBOTA MARCH SALES ; TOTAL SALES UP 15 % TO 11,374 UNITS YOY
  • VODA IDEA LOCKED IN 10 % TEMPERORY FREEZE
  • COROMANDEL, PARADEEP , CHAMBAL FERTILIZERS; Ground fertile for fertilizer companies post new NBS rates- NBS rates up by 45% for phosphate and by 48% for sulphur for H1FY26.
  • Rates for Nitrogen and Potash have remain unchanged
  • NBS rates are well balanced favouring backward integrators (Coromandel International (CRIN IN) and Paradeep Phosphates (PARADEEP IN)), standalone manufacturers (Mangalore Chemicals and Fertilisers, MCF IN) as well as traders (Chambal Fertilisers, CHMB IN).
  • Analysts expect EBITDA per ton to increase by INR 1000-2000 for our coverage companies.
  • Increase in NBS rates and steep decline in ammonia prices are likely to more than offset the impact of sulphur and rock price
  • POWER STOCKS ; MERC has lowered tariffs between 10 to 30% in various categories for the next five years (TOI)
  • RAYMOND; Raymond Limited announced its 6th Joint Development Agreement through its subsidiary, Ten X Realty East Limited, for a residential project in Wadala, Mumbai.
  • With a gross development value of around Rs. 5,000 crore, this marks the company's first project in Wadala and strengthens its presence in the Mumbai Metropolitan Region. The company's total real estate project value now nears Rs. 40,000 crore.
  • Raymond, originally a fabric manufacturer, has expanded into engineering and real estate, emerging as a key player in both sectors.
Panchkarma