Market Highlights

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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.

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March 27, 2025

• Daily Morning Report
• NIFTY OUTLOOK: 23,486.85
• FII: ₹2,240.55 cr | DII: ₹-696.37 cr
• As discussed yesterday, the market moved as expected, showing weakness up to 23,452 after a decisive breakdown of 23,603. By the end of the day, Nifty settled near the support level at 23,473, closing at 23,486.
• A bearish reversal pattern formed on the daily chart, with a long bearish candlestick appearing yesterday, indicating further weakness. Nifty may decline to 23,420–23,353, and a sustained break below these levels could drag it down to 23,287–23,273. If selling pressure intensifies, it may test 23,222.
• On the upside, 23,557–23,621 may act as immediate resistance. A breakout and sustained move above these levels could push Nifty to 23,687, with further upside potential toward 23,753 if demand strengthens.
• Bank Nifty Outlook
• Spot: 51,209.00 | PCR: 0.85 | Max CE OI: 53,000 | Max PE OI: 49,000
• On 26th March 2025, Bank Nifty closed at 51,209.00, down 0.77% from the previous session. The index faced profit booking at higher levels, with an intraday range of 806.65 points, hitting a high of 51,875.80 and a low of 51,069.15.
• For today’s session, the previous day’s high of 51,875.80 acts as resistance, while the low of 51,069.15 serves as support.
• Technical View on Daily Chart
• Key levels for Bank Nifty today: Resistance at 52,081 and support at 50,800.
• Yesterday, sharp selling at higher levels broke the 51,300 support, and the index closed below it. If Bank Nifty trades below 51,300, weak sentiment may persist, with a possible decline to 50,800. However, if it crosses 52,000 and sustains, an upward rally toward 52,500–53,000 is likely.
• The Relative Strength Index (RSI) for Bank Nifty stands at 67.8. RSI below 30 indicates oversold conditions, while above 70 signals overbought levels.
• Bank Nifty Day SMA Analysis
• Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, and 200-day) and below none. No bullish or bearish candlestick pattern was identified.
• Macro:
• 1. Dollar index @ 104.28
• 2. Vix @ 18.33 (+6.88 %)
• 3. 10 years bond yield @ 4.344
• 4. Crude @ 73.20
• Note: In the previous post on 24th Feb 2025, it was mentioned that crude oil would move towards $73.5–75. Bond yields and the dollar index were expected to stabilize and move upward. The dollar index has moved almost 100 bps, from 103.2 to 104.25.
• Last night, Trump announced a 25% tariff on foreign-made cars and light trucks, effective 2nd April. This move signals his readiness for a tariff war. Experts suggest that it will take 1–2 quarters to assess the impact of these tariffs on various sectors, leading to higher inflation and a potential delay in the Federal Reserve’s rate cut plans by three to four months.
• In equity markets, the US may underperform in the coming quarters, creating opportunities for emerging markets like Mainland China and Hong Kong. China’s equities are currently trading at a 12–13% P/E, significantly lower than India’s 20–20.5% P/E, making them more attractive for foreign institutional investors (FIIs). A significant portion of FII inflows could shift towards China.
• Conclusion
• Global investors will remain cautious as they assess the impact of tariffs.
• For India, as the 10th largest trading partner of the US, higher tariffs could negatively affect companies exporting goods and services to the US, particularly in sectors like automobiles, textiles, and pharmaceuticals.
• However, there are both risks and opportunities. While tariffs pose challenges, they could also boost domestic industries by making local goods more competitive. India can leverage this situation by promoting domestic manufacturing, attracting local investments, and strengthening trade agreements with other nations.
• BEAT THE STREET BULLETIN
• Date: 27-Mar-2025
• Telegram: [t.me/beatthestreet10]
• NEW ORDERS & CONTRACTS
• - BHARAT FORGE: Signs ₹6,900 crore contract for 155mm/52 Calibre ATAGS & 6x6 Gun Towing Vehicles.
• - QUADRANT FUTURE: Wins ₹155.93 crore order for Kavach train collision system.
• - S & S POWER: Receives ₹15 crore order from Godrej & Boyce for high-voltage disconnectors.
• - WELSPUN ENT: Wins ₹79.29 crore order for drainage line rehabilitation in Vadodara.
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• FUNDRAISING & CAPITAL EXPANSIONS
• - RBA: Raised ₹500 crore via QIP at ₹62.32.
• - PIRAMAL ENT: Invests ₹600 crore in Piramal Finance Limited via rights issue.
• - SUNTHEK REALTY: Approves USD 10-20 million investment for Dubai Project.
• - BAJAJ FINSERV: Converts 15.5 lakh warrants into shares, increasing stake in Bajaj Finance to 51.39%.
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• ACQUISITIONS & STAKE INCREASES
• - TVS MOTORS: Acquires additional 8.26% stake in The Go Corporation for CHF 500,000.
• - SAMVARDHANA MOTHERSON: Acquires 95% stake in Atsumitec Co. and 49% in PT. Atsumitec Indonesia.
• - DEEP DIAMOND: Approved ₹43.15 crore acquisition of Oasis Ceramics Pvt. Ltd.
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• STRATEGIC PARTNERSHIPS & AGREEMENTS
• - STL: Partners with Wyre to expand FTTH network in Belgium.
• - TV TODAY: Invests ₹9.4 crore in Vibgyor Broadcasting Pvt. Ltd. to support FM business acquisition.
• - KOTHARI INDUSTRIAL: Appoints J R Trading Co Qatar as a franchisee for Kickers brand in Qatar.
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• CAPACITY EXPANSION & PRODUCTION
• - WARDWIZARD INNOVATION: Deploys 400 electric two-wheelers in 3 cities, plans 5,000 e-three-wheelers by FY 25-26.
• - GUJARAT ALKALIES: Invests ₹44.99 crore in GIPCL for a 75 MW solar power plant.
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• RESIGNATIONS & APPOINTMENTS
• - HUL: Appoints Mr. Rajneet Kohli as Executive Director, Foods, from April 7, 2025.
• - RR KABEL: Appoints Mr. Rajesh Kumar Nandwani as BU Head from April 14, 2025.
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• LEGAL & REGULATORY UPDATES
• - BANK OF INDIA: Declares NPA of ₹616.30 crore as fraud and reports to RBI.
• - MARICO: Announces merger of Marico South East Asia Corp with Beauty X Joint Stock in Vietnam.
• - ORISSA MINERALS: Postpones consultation for Bhadrasahi mines due to unrest concerns.
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• OTHER UPDATES
• - DLF: CRISIL upgrades DCCDL’s credit rating to CRISIL AAA/Stable.
• - BEML: Set to establish a mining equipment facility in Chhattisgarh.
• - MAX FINANCIAL: Max Ventures to sell up to 1.59% stake via block deals at ₹1,117.6.
• - BAJAJ HINDUSTAN SUGAR: Promoter sells 1.3 crore shares at ₹19.63.
• - INDIAN HOTEL: Invests $9 million in IHOCO BV for US subsidiary's debt repayment.
• Stay Updated with Beat the Street
• SPECTRUM ELECTRICAL: Co. has received approval for listing and trading on the NSE Main Board after migrating from the SME Emerge platform.
• The company's equity shares will be listed on the Capital Market Segment starting March 28, 2025.
• Additionally, the company has received approval for direct listing on the BSE Mainboard.
• Trading on the SME platform will be suspended from the same date.
• Macquarie on Trent
• Initiate Outperform with TP of Rs 7000 - 32% upside from current levels
• Showstopper! - Leading fashion retailer
• Trent India's leading fashion retailer in the value to mid-premium space
• Trent leads Asian peers on growth, return profile and inventory turns
• See outperformance sustaining
• Asia's best retailing metrics and a play on India's rising discretionary spend in fashion
• Dr Reddy : Bio-Thera and Dr. Reddy’s Execute Exclusive Commercialization Agreement for Biosimilar product for S.E. Asia
• MOSL on HDFC AMC
• Buy – TP Rs 4800
• Project equity AUM growth of 55%/12%/18% in FY25/FY26/FY27
• FY26 anticipated to start on weaker note in terms of AUM growth
• Despite adjustments in commission structures, factor in a 1bp decline in overall yields for FY26 & FY27
• TATA MOTORS : Trump Announces 25% Tariffs on Foreign Cars, Effective April 2
• Trump announced a 25 per cent tariff on imports of automobiles , effective from April 3 2025 (JLR Impact)
• Will not significantly impact the Indian PV sector due to the localization of components and limited exports to the US market.
• TRUMP : Auto tariffs are permanent; Musk did not advise on auto tariffs
• Auto tariffs expected to be net neutral or possibly beneficial for Tesla
• Reciprocal tariffs on April 2 will apply to all countries but will be very lenient
• In many cases, reciprocal tariffs will be lower than the tariffs charged on the U.S
• MOSL on Five Star Finance
• Buy, TP Rs 900
• Near-term stabilization to result in healthy growth ahead
• Co may report near-term compression in NIM following a 200bp reduction in incremental lending yields since Nov’24
• 4Q - full impact of lower yields will be visible on NIMs
• LIC ; LIC set to buy 40-49% stake in ManipalCigna; primary and secondary deal values company at Rs 3,500 crore - ET citing Sources
• Lic entering the standalone health insurance market
• The deal, involving fresh capital infusion and some secondary share sales, is expected to disrupt the market significantly given LIC's extensive distribution network and financial strength.
• JPM on HAL
• OW, TP Rs 4958
• GE Aerospace has started delivery of F404-IN20 engines for LCA Mk1A figher aircrafts as per a news story posted on GE Aerospace website
• Delayed delivery of engines has been an overhang on C0 continues to have large opportunity set & enjoys monopoly
• CITI ON HDFC BANK
• Maintains 'Buy' With Target Price Of ₹2,200
• Opens 90-Day Positive Catalyst Watch
• Expects Advances Growth To Have Bottomed Out In Q3
• See Lower NIM Pressure Through The Cycle
• Expect Over 7% Growth In Q4 Deposits (QoQ)
• Processes/infra Readiness, Digital Capabilities To Aid Targeted System Average Growth By Q4 FY26
• Expanded Distribution, Augmented Customer Base To Aid Targeted System Average Growth By Q4 FY26
• With Levers In Place, NIMs Should Trend Relatively Better And Remain Range Bound
• No Unusual Stress In Any Segments And Credit Cost Expected To Be Contained
• MS on Ashok Leyland
• OW, TP Rs 284
• Co 's move to close UK EV manufacturing & focus on its Indian supply base is a positive.
• It reduces cash burn & will also bring economies of scale to India.