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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.

March 26, 2025

  • Daily Morning Report
  • NIFTY OUTLOOK: 23,668.65 | FII: 5,371.57 cr | DII: -2,768.87 cr
  • As expected, the market opened strong and rallied to 23,869.40 before facing profit booking near the resistance of 23,857, pulling it down to 23,601.40, close to the support at 23,593.
  • A long bullish candle followed by a bearish one has formed a bearish meeting line candlestick pattern on the daily chart, indicating a potential pause in the bullish trend. A decisive breakdown below 23,603 could lead to further weakness toward 23,537–23,473, with sustained trading below these levels potentially dragging Nifty to 23,407.
  • On the upside, 23,803–23,865 may act as immediate resistance. A breakout above these levels could push Nifty toward 23,931.
  • Bank Nifty Outlook:
  • SPOT: 51,607.95 | PCR: 1.03 | Max CE OI: 53,000 | Max PE OI: 49,000
  • On 25th March 2025, Bank Nifty closed at 51,607.95, down 0.19% from the previous session. The index moved 634.35 points during the day, with an intraday high of 52,063.95 and a low of 51,429.60.
  • The previous day's high of 52,063.95 and low of 51,429.60 will act as key resistance and support levels for today’s trading.
  • Technical View on Daily Chart
  • For today, Bank Nifty's key levels are 51,955 as resistance (same as the previous day) and 51,300 as support. Yesterday, the index tested resistance and moved up to the 52,000 zone but failed to sustain, dropping 600 points and forming a small bearish candle.
  • If the index crosses 52,000 and sustains, it may rally towards 52,500–53,000. A breach below 51,300 could lead to a correction towards 50,700.
  • The Relative Strength Index (RSI) stands at 73.55, indicating overbought conditions (above 70 is overbought, below 30 is oversold).
  • 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.
  • No clear bullish or bearish candlestick pattern was identified.
  • Macro:
  • 1. Dollar index @103.81
  • 2.10 years bond yield @ 4.309
  • 3. Crude @ 72.50
  • 4. Vix @ 17.32 (-0.97 %)
  • Note: The Consumer Confidence Index (CCI) fell to 92.9 from 100.10 in the previous month, reflecting concerns over a tariff-induced slowdown. The data suggests the economy is cooling after 18 months of strong consumer-driven growth. Signs of this slowdown come ahead of key economic data releases, including inflation data this week, Q4 GDP on Thursday, and home prices and sales data on Wednesday.
  • Trade Talks: U.S. trade officials are set to visit India amid tariff concerns. A government source indicated that India expects an exemption from reciprocal tariffs as talks on a bilateral trade pact continue. U.S. Vice President J.D. Vance is also expected to visit India in April.
  • Conclusion: This week is crucial, with reciprocal tariffs set to be announced on 2nd April. Softer tariffs, limited to a few countries and sectors, are anticipated. Expect volatility in global equities.
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • Beat The Street Bulletin
  • Date: 26-Mar-2025
  • ---
  • Order Win
  • - GHV INFRA: Bags an order worth ₹1,060 crore from GHV India for the design, engineering, procurement, and construction of elevated viaducts, roads over mangroves, and span bridges in Maharashtra (48 months project).
  • - WAAREE RENEWABLES: Receives a ₹232 crore order for an EPC contract, including O&M, for a 170 MW AC/255 MW DC ground-mount solar project from Waaree Energies Limited (completion in FY 2025-26).
  • - WELSPUN ENTERPRISES: Secures a ₹328.12 crore contract from Brihanmumbai Municipal Corporation to upgrade the Haji Ali Storm Water Pumping Station (18 months project with 15 years O&M).
  • ---
  • Acquisition
  • - JINDAL STAINLESS: Board approves acquiring a 5.03% stake in Mynd Solutions Private Limited, an RBI-regulated TReDS platform, for ₹102.7 crore, increasing the total stake (including subsidiary JSSL) to 9.62%.
  • - DLF: DLF Home Developers Limited acquires 49.997% stake in DLF Urban Private Limited from Reco Greens Pte. Ltd. for ₹496.73 crore, making DUPL a wholly owned subsidiary.
  • - CONFIDENCE FUTURISTIC: Sold 49% stake in Maruti Koatsu Cylinders Limited for ₹20 crore to eliminate conflicts of interest and optimize operations at its Umred unit.
  • ---
  • Collaboration
  • - BHEL: Extends its Technology Collaboration Agreement (TCA) with Vogt Power International Inc., USA, for Heat Recovery Steam Generators.
  • - WAAREE ENERGIES: Inaugurates a state-of-the-art 5.4 GW Solar Cell Manufacturing Plant in Gujarat.
  • - SIS: Board approves share buyback of up to ₹150 crore at ₹404 per share, which is an 18% premium to the current price, via the tender route.
  • ---
  • Leadership Changes
  • - GRANULES INDIA: Dr. P.N. Baskaran appointed as President - Head API Manufacturing & Operations, effective April 2, 2025, and designated as one of the Senior Management Personnel (SMPs).
  • - POLYCAB: Mr. Rakesh Rajput appointed as President & Head - B2B Sales (North and East) of the company, effective March 25, 2025.
  • - SIEMENS INDIA: Following the demerger, changes in senior management announced, with Mr. Guilherme Vieira De Mendonca becoming MD & CEO of Siemens Energy India Limited.
  • ---
  • New Projects
  • - ASAHI INDIA: Commences commercial operations at its Float Glass facility in Soniyana, Rajasthan.
  • - WAAREE ENERGIES: Inaugurates a 5.4 GW state-of-the-art Solar Cell Manufacturing Plant in Gujarat.
  • ---
  • Fundraising
  • - MANAPPURAM FINANCE: Board to consider borrowing program for FY26 on March 29, 2025.
  • - BRAINBEES SOLUTIONS: Board approves investing up to ₹146 crore in Globalbees via Compulsory Convertible Preference Shares over 12 months.
  • - BRAINBEES SOLUTIONS: Board approves investing up to AED 9 million (₹20.98 crore) in Firstcry Management DWC LLC via equity share acquisition.
  • - AB CAPITAL: Invests ₹40 crore in its wholly owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL), via a rights issue.
  • ---
  • Bought/Sold
  • - NAZARA TECH: Sells its entire 71.54% stake in Sports Unity Private Limited to Shyamal Mehta for ₹7.15 lakh, ceasing the subsidiary relationship.
  • - ZAGGLE PREPAID: Completes an investment of ₹15.6 crore for a 26% stake in Mobileware Technologies and increases total holding to 38.34%.
  • ---
  • Tax Order
  • - ALLIED BLENDERS: Received a ₹16.16 crore tax demand notice and has filed an appeal before the Commissioner of Income Tax.
  • - HP ADHESIVES: Received an Income Tax order under Section 147 for FY 2018-19 demanding ₹2.42 crore.
  • - MARUTI SUZUKI: Received a draft assessment order for FY 2021-22 proposing additions of ₹2,966 crore.
  • ---
  • Buyback
  • - SIS: Board approves share buyback up to ₹150 crore at ₹404 per share, which is an 18% premium to the current price.
  • ---
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  • DowJones +0.01%
  • NASDAQ +0.46%
  • S&P500 +0.16%
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  • ????????Japan +0.3% ????????China -0.1%
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  • ????????????/????????????: ₹85.64
  • #????????????????: $3,055 /ounce
  • #????????????????????????: $34.33 /ounce
  • ???????????????? ????????????: ₹87,576 (+0.3%)
  • ???????????????????????? ????????????: ₹99,223 (+1.8%)
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  • MOSL ON UTILITIES
  • Investor focus has again returned to peak demand
  • Concerns around delays in Power Purchase Agreement (PPA) signing and transmission connectivity have continued to linger
  • In Feb’25, peak power demand came in at 238GW (up 7% YoY).
  • The Indian Meteorological Department (IMD) is forecasting Mar’25 to be warmer than usual
  • Central Electricity Authority (CEA) has estimated peak demand to reach 270GW (up 8% YoY) during the summer of 2025
  • JSW Energy as a top pick in the utility space with 15% of total operational capacity on a merchant basis
  • Tata Power, JSW Energy, and ACME Solar are well placed with 82%, 65%, and 53% of their respective project pipelines already having secured PPAs.
  • Declining battery prices are reshaping project configurations and are creating the potential for project economics to improve further
  • Transmission connectivity challenges remain high
  • Jefferies on Auto Sector
  • Channel checks amid weak demand
  • India's auto demand has weakened in recent months
  • PV and 2W registrations down 11% and 6% YoY respectively in Feb-Mar (MTD)
  • GOLDMAN SACHS ON AU SFB
  • Maintains 'Buy'; Cuts Target Price To ₹796 From ₹813
  • A GARP Play With Industry-Leading Earnings Growth Profile
  • Valuation De-Rating An Opportunity On Sector-Leading Earnings Growth Over FY25-27
  • Bank Will Likely Start Delivering A Strong Growth Momentum In H2 FY26
  • Expect Bank To Deliver Earnings Growth Of 31% During FY25-FY27
  • MOFSL ON MARICO
  • Reiterate Buy, TP `775
  • Model 11%/13% revenue & EBITDA CAGR (FY25-27E)
  • Embarking on portfolio diversification
  • Aiming for steady double-digit growth via volume & pricing
  • Expects rare double-digit revenue growth in FY26
  • New-age biz to drive growth, Foods to post 20-25% CAGR; strong innovation pipeline
  • Parachute Coconut Oil to grow 5-7%; VAHO to recover
  • Parachute & Saffola demand steady despite 15-20% price hikes
  • Saffola Foods to exceed 50% of Saffola franchise revenue in 4-5 yrs
  • Plix & Beardo showing strong progress
  • Expanding GT reach via Project SETU
  • Quick Commerce now 3% of India sales
  • Int’l biz on steady growth
  • High input costs may impact margins short-term, long-term positive
  • HSBC ON L&T
  • Maintains 'Hold' With Target Price Of ₹3,600
  • Still Big Opportunities In The Middle East
  • Strength Of Opportunities From Middle East Market & Co's Scale-up Of Continue To Surprise
  • 2025 Is Looking Like A Promising Year For After A Dip In 2024
  • Morgan Stanley increases index goals for China
  • Morgan Stanley more positive on China following earnings beats
  • Morgan Stanley Add Bajaj Fin & HAL to both APxJ & GEM focus lists
  • Govt imposes anti-dumping duty on Acrylic Solid Surfaces imports from China for 5 years
  • Note : Stylam Industries had filed for an anti-dumping duty on Acrylic Solid Surfaces
  • Share of Stylam Ind in total Indian production of Acrylic Solid Surfaces is 70-80% - CNBCTV 18
  • Morgan Stanley On Bajaj Fin
  • See clear investment outlook & now preferred pick among largecap NBFCs
  • Morgan Stanley On HAL
  • India's aircraft fleet upgrades & expansion plan will likely create a >US$60bn order pipeline over next decade
  • The Centre discontinues medium term and long term Gold Monetisation Scheme —effective March 26, 2025 — based on performance of GMS and evolving market conditions
  • The existing deposits under the scheme will continue until redemption - CNBCTV 18
  • FMCG ; Russia-Ukraine to cease hostilities in Black Sea
  • Sunflower oil prices expected to come down
  • Ukraine is one of India's largest market for edible oil imports
  • GOLDMAN SACHS INDIA STRATEGY
  • Growth Slowdown Is Cyclical Rather Than Structural And Largely Reflects Policy Tightness
  • Some Recent Policy Easing Measures May Help Revive Real GDP Growth Later In The Year
  • Worst Is Likely Behind Us In Terms Of Economic Growth & Earnings Trajectory
  • Prices Have Corrected Meaningfully
  • See Higher Market Volatility In Near Term On Still Elevated Domestic Positioning In Small & Midcaps
  • Remain 'Marketweight' On India; Recommend Focusing On Quality Growth & Earnings Visibility
  • Stocks Offering 23% Upside On Average Include HDFC Bank, AU SFB, M&M, IndiGo, Adani Ports
  • Stocks Offering 23% Upside On Average Include Power Grid, Apollo Hospitals, Titan & Godrej Cons
  • MOFSL ON BRIGADE ENT
  • Reiterate Buy, target price reduced to ₹1,415 from ₹1,540
  • Scaling up in Hyderabad and Chennai, rentals to rise after FY26
  • Expansion beyond Bangalore to account for 30-40% of pre-sales
  • Pre-sales to grow 2x, driven by new launches
  • Expect over 24% CAGR in pre-sales to ₹115 bn by UFY27
  • Collections projected to rise to ₹94 bn by FY27, a 34% CAGR over FY24-27
  • Rental assets to drive a 15% CAGR in rental income over FY24-27
  • Hospitality portfolio listing to bring additional cash flow
  • Debt reduction to support future capex plans
  • Commercial segment paving the way for the next growth phase
  • strong growth visibility for Brigade
  • CABLE & WIRE STOCKS ; Copper rates hit record high, up 27% this year
  • Amid Trump’s tariff concerns and China’s further stimulus measures
  • There is 2-3 quarters lag when it impacts the cable and wire stocks
  • CITI ON CEMENT & METALS/MINING
  • Investors Focussed More On Metals Than Cement In Asia Marketing Discussions
  • Steel Was The Top Topic, With Most Investors Sidelined
  • Hindalco Is Favoured, But Investors Wait For A Correction
  • Cement Less Popular Due To Supply-demand Imbalance, UltraTech Is Preferred
  • Most Discussed Stocks Are Tata Steel, Hindalco, UltraTech & Grasim
  • BOFA ON AUTO SECTOR
  • March 2025 Saw Demand Lull Amid Low Seasonality
  • Weak Retail Trends For Both 2-Wheelers & Passenger Vehicles In March
  • Underlying Walk-In, Enquiries Have Also Been Subdued
  • Passenger Vehicle OEMs Take Annual Price Hikes Ranging 2-3%
  • 2-Wheelers EV Adoption Stagnant Despite Being Cheaper Than Petrol Scooters
  • Commercial Vehicles See Some Stabilisation In Feb-March
  • Tractor Hopes Are High For Upcoming Season
  • April Will Be Important Month To Monitor Given Festive Period, Wedding Dates, Easing Of Financing
  • Preferred Picks Include Eicher Motor, M&M, Maruti
  • TG: https://t.me/BeatTheStreet10
Panchkarma