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April 30, 2025

Daily Morning Report Date: 30.04.2025
NIFTY OUTLOOK: 24335.95 FII: Rs. 2385.61 cr DII: Rs. 1369.19 cr
As discussed, the market behaved as expected. Nifty crossed 24427 at the open but failed to sustain, reversed to the day’s low, hovered near previous week’s resistance, and closed almost flat.
A Doji star candlestick on the daily chart signals weakening buying pressure and market indecision. The short-term trend remains positive, and a breakout above 24427 may lead to a rally towards 24497–24577. If demand strengthens further, Nifty may test 24657.
On the downside, a breakdown below 24255 could trigger selling towards 24173–24095, and if supply intensifies, it may slide to 24014.
Bank Nifty OUTLOOK:
SPOT: 55391.25 PCR: 0.99 Max CE OI: 55500 Max PE OI: 53000
On 29th April 2025, Bank Nifty closed at 55391.25, down 0.07% from the previous day. The index moved 695.35 points intraday, hitting a high of 55957.75 and a low of 55262.40.
The previous day’s high of 55957.75 and low of 55262.40 may act as today’s resistance and support, respectively.
Technical View on Daily Chart:
Key technical levels for Bank Nifty remain unchanged with resistance at 55700 and support at 55100. A breakout above 55700 may lead to a move towards 56300, while a breach below 55100 could drag it down to 54150.
The Relative Strength Index (RSI) for Bank Nifty stands at 70. A reading below 30 is considered oversold and above 70 overbought.
Bank Nifty Day SMA Analysis:
Bank Nifty is trading above all 8 key SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
It is below none of the SMAs.
No candlestick pattern has been identified on the chart.
Macros
1. Dollar index @ 99.13
2. VIx @ 24.17
3. Crude @ 62.80
4.10 years bond yield @ 4.168
Note:
The impact of the tariff war between the world’s two largest economies is becoming evident, as China’s manufacturing activity shrank more than expected in April. Official data showed the manufacturing PMI at 49.0, below expectations of 49.7 and sharply lower than March's 50.5, as a drop in overseas orders hurt local producers following steep U.S. tariffs.
The ripple effects of the ongoing China-U.S. tariff standoff are expected to intensify in the second and third quarters. Weak data strengthens the case for further government stimulus, with Beijing already outlining fiscal and monetary measures to support growth.
Conclusion:
The tariff war's impact is beginning to show. With the IMF warning of a global slowdown, the strategy for Indian equities remains: buy on dips.
Contributed by
Ashok bhandari : INH000019549
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STAR HEALTH Q4 ; NET PROFIT AT 0.5 CR V 142 CR PROFIT YOY
NET EARNED PREMIUM UP 11.9 % TO 3797 CR YOY
UNDERWRITTING LOSS AT 275 CR V 92 CR LOSS YOY
NATH BIO Q4 :CONS NET PROFIT DOWN 43 % AT 1.48 CR (YOY), DOWN 44 % (QOQ)
REVENUE UP 21 % AT 51.95 CR (YOY) ,UP 41 % (QOQ)
EBITDA DOWN 90 % AT 0.41 CR (YOY), DOWN 95 %(QOQ)
MARGINS AT 0.8 % V 9.1 % (YOY), 21.8% (QOQ)
@beatthestreet10
DAIRY STOCKS (+VE)
Mother Dairy increases the price of milk by Rs 2 per litre.
Revised and increased prices comes into effect from 30th April.
@beatthestreet10
Here's how the global market cues are placed this morning
10-Yr treasury yield declines as investors await key economic data, at 4.16%
Oil slides over 2% as OPEC+ output fears & trade tariff worries weigh on demand
Gold falls 1% as US-China tensions ease, investors eye key data
@beatthestreet10
Coforge ; Co. Faces U.S. Class Action Over Client Data Breach Incident
U.S. lawsuit filed against Coforge and subsidiary over client’s data breach
Allegation: Service Desk agents misled into resetting passwords used to steal loyalty database
Coforge denies responsibility; says it had no role in database management or cybersecurity
Company assessing insurance coverage and legal response
Client continues to avail Coforge’s services; revenue impact immaterial so far
@beatthestreet10
INOX GREEN ; Inox Green Forays into Solar O&M with 675 MWp Project Deal
Inox Green signs O&M agreement for 675 MWp solar projects across India
Marks company's entry into solar operations and maintenance segment
Aligns with INOXGFL Group’s solar manufacturing push
Expects rapid growth leveraging existing expertise and client base
@beatthestreet10
NUVAMA ON UTI AMC
Maintain Buy rating; target price raised to ₹1,270 from ₹1,180
Adverse equity MTM impacts AUM; muted other income dents APAT
Market share indicators remain weak
Posted a 5% QoQ decline in Q4FY25 equity QAAUM
Blended yields stable YoY/QoQ as equity yields held firm despite a decline in equity AUM share
Revenue growth was +13.4% YoY and -4% QoQ
Equity net inflows remained strong at 15.4bn aided by an NFO of ₹14.6bn
Operating profit rose 28.3% YoY but fell 15.8% QoQ, missing estimates by 5.3%
Weak other income and high tax led to APAT decline of 46.3% YoY and 41.9% QoQ
@beatthestreet10
INCRED EQUITIES ON AMBUJA CEMENT
Retain Add rating; target price cut to ₹620 from ₹630
Cost synergy and pricing drive profitability
Organic volume rise at par with industry; ambitious growth on track
Cost savings improve margin; aims for ~1,500/t EBITDA by FY28F
Q4 consolidated EBITDA was ~18.7bn, up ~10% YoY on lower-than-expected fixed costs
Blended unit EBITDA/t rose ~462 QoQ to ₹1,001 vs estimated ₹810
Ambuja to invest ~90bn in capex in FY26F (~70% towards growth)
Maintain FY26F-27F EBITDA estimates
@beatthestreet10
India's trade deal with US may take at least 6 months, missing 90-day tariff pause window
https://www.moneycontrol.com/news/business/indias-trade-deal-with-us-may-take-at-least-6-months-missing-90-day-tariff-pause-window-13008468.html
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INDIAMART Q4 HIGHLIGHTS
Collection Up 49 % To 541 Cr QOQ
Defered Revenue Up 12 % To 1678 Cr QOQ
Paying Suppliers At 217 , Up 1 % QOQ
ARPU Down To 62 V 63 In Q3
Traffic Down 1 % To 272 mn QOQ
Registered Buyers UP 2 % To 211 Mn QOQ
Unique Business Enquiries Flat At 27 mn QOQ
@beatthestreet10
Lucent Industries : Co. Partners with Clusterdev for Vernacular Keyboard Ad Campaigns
Lucent signed a 1-year partnership with Clusterdev Technologies, maker of "Desh keyboard" with 100M+ users
Focus on vernacular language ads (Hindi, Tamil, Telugu, etc.) via CTPL’s utility tools
Ads will be run using icon banners based on predefined bids per customer conversion
Deal targets enhanced user engagement and innovation opportunities
@beatthestreet10
INDIA-MIX CUES-GIFT NIFTY SUGGESTS OPENING IN RED
FII Cash +2386cr-10TH straight day of buying->35k cr buying+Biggest gaining streak in almost 2 years
India to offer rare 'forward most-favoured-nation' clause to US, officials say+seeks to be 'major supplier' to US in areas vacated by China, official says+hopes for quick deal with US on trade, with concessions on 90% of tariff lines, official says
US again puts India on 'priority watch list' for alleged IP rights' violations
Govt:FY26 intended pvt capex INR 4.89 tln vs INR 6.56 tln FY25, per survey +Survey data indicates pvt cos cautious in giving FY26 capex plan
@beatthestreet10
DYNAMATIC TECH , HAL ; Defence Sec Says Rafale Marine Will Ensure That Aircraft Carriers Are Provided With Adequate No Of Aircraft
Rafale M Will Significantly Add To Our Ability To Project Power Across The Indian Ocean Region
Agreement Is Also For Setting Up Of An MRO In India Within 5 Years
Expecting Private Players, Industry Players To Be A Part Of The Ecosystem From MRO To Fuselage
@beatthestreet10
BAJAJ FINANCE NOW DOWN 5 %
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BPCL + 3 % AFTER STRONG Q4 , IOC , HPCL ALSO UP
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BajajFinance drops over 5% after Q4 miss, weak FY26 guidance; announces 4:1 bonus issue
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