all posts Equity99

What started on optimistic note turned out be a blood bath on the Dalal Street as Fed Chair Jerome Powell hinted that if interest rates are anticipated to stay higher for an extended duration and bond yields remain at elevated levels, foreign investors may opt to persist on the selling side of the trade for the time being. Elevated bond yields may increase the risk perception in the market. Foreign investors may exercise caution and prefer to reduce their exposure until there is greater clarity or confidence in the economic outlook. There's a historical trend of market corrections before elections, uncertainty about potential policy changes or the outcome of the elections can lead investors to be cautious and pull back from the market from May to mid-July. Investors tend to prioritize sectors that promise growth and make substantial contributions to the economy. These sectors include Information Technology (IT), Consumer Goods, Household Appliances, Power, Renewable Energy, and Realty, to grab attention in coming time.

Ready to break above 262🚀🚀🚀

Upper circuit 210.95

Near to hit upper circuit 264.45 Again hit high 262🚀🚀🚀🚀

Bse hit high 264 🚀🚀🚀

Ready to hit 264🚀🚀 upper

*News Headlines from Business News Agencies :* *Business Standard :* 📝 Vodafone Idea in talks to avail loans worth $1.8 billion, says report 📝 Blue Star Q4FY24 results: Net profit declines 29% to Rs 159.71 crore 📝 Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2% 📝 Wipro to implement Independent Health's medicare prescription payment plan 📝 ICICI Bank denies report of MD & CEO Sandeep Bakhshi wanting to quit 📝 MDH, Everest row: Centre asks state govts to test spices for quality check 📝 Go First planes need parts; lessors to take longer to fly them out of India 📝 Air India deploys A350 on international route with Delhi-Dubai flight 📝 India GCCs emerge as proof-of-concept foundries for GenAI applications 📝 ArcelorMittal March quarter results: Core profit at $1.96 bn, tops forecast 📝 India needs to expand universal health coverage for ageing population: ADB 📝 RBI's forex intervention eases as conditions turn favourable for rupee *Economic Times :* 📝 Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share 📝 India among fastest-growing markets with potential to be among top 10: Airbnb CBO 📝 Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO 📝 China, Hong Kong account for 56 pc of India's total imports of electronics, telecom, electrical products: GTRI 📝 Electric bike sales decline 50% in April amid subsidy changes 📝 Agilitas appoints Nirdosh Chouhan as chief technology and product officer 📝 Maiva Pharma raises Rs 1000 crore from Morgan Stanley Private Equity, InvAscent 📝 Indus Towers facing an Rs 60 cr shortfall in collections from Vodafone Idea in Q4 📝 OECD revises India's FY25 growth forecast upward to 6.6% 📝 Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executive 📝 NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system *Mint :* 📝 Cognizant lowers revenue outlook for 2024 after slow March quarter 📝 UPI transaction volume declined to ₹19.64 lakh crore in April. 📝 Adani Enterprises Q4 Results: Net profit drops 38% to ₹451 crore 📝 Adani Ports Q4 net profit jumps 76% YoY to ₹2,040 cr; ₹6 dividend declared 📝 Anthill Ventures plans $100 million hybrid fund for Indian startups 📝 NCLAT dismisses minority shareholders' plea in Minosha India case 📝 Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment 📝 India's manufacturing activity in April second strongest in 3.5 years 📝 India's Serum Institute faces lawsuit on Covishield vaccine over girl's death 📝 Microsoft and Brookfield sign biggest-ever clean power deal 📝 Coforge Q4 net profit down 5.6% YoY to ₹229.2 cr

Morning Alert.. *Manufacturing PMI slips to 58.8 in April from March's 16-year high* Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector's health in three and a half years, said a private business on Thursday. The headline Purchasing Managers' Index (PMI), released by HSBC, slipped to 58.8 in April from a 16-year high of 59.1 recorded in March. “Firms experienced a sharp upturn in new business intakes and scaled up production accordingly. With sales expected to remain positive, buying levels were raised, and input stocks were increased to one of the greatest extents seen in over 19 years of data collection. Cost pressures ticked higher, though they remained historically mild, pushing up charge inflation to the strongest since January,” said the survey. A figure above 50 in the index denotes expansion and that below signifies contraction. Indian manufacturers reported robust demand from Indian and foreign clients in April when total new orders rose sharply. The pace of expansion was the second strongest since 2021. *Bonds rally as US Federal Reserve says no plans for further rate hike* Government bonds strengthened on Thursday as traders covered short positions following the US Federal Reserve Committee’s announcement of no further rate hikes. However, the US rate-setting panel indicated that interest rates would remain elevated for an extended period, potentially delaying expectations of rate cuts. The yield on the benchmark 10-year government bond fell by three basis points to settle at 7.16 per cent, against the 7.19 per cent on Tuesday. Money markets were shut on Wednesday on account of Maharashtra Day. “The market was relieved that at least there won’t be any hike; that is why we could see some rally (price) today,” said a dealer at a state-owned bank. “Primary dealers were covering their short bets. On the selling side, it was public sector banks, and private banks had bought a lot in the last few sessions, so they were on the selling side too,” he added. Price and yield move inversely. * Global market action* Dow Jones – Up by 1.11% or 421.12 points FTSE – Up by 0.63% or 50.91 points CAC – Down by 0.88% or 70.28 points DAX – Down by 0.20% or 35.67 points Gift Nifty – Up by 0.44% or 101.00 points *FII/DII activities* FII – Sold 964.47 Cr worth of shares DII – Bought 1352.44 Cr worth of shares. *Stocks with high delivery Percentage* SKF India Ltd – 87.6% Eris Lifesciences Ltd – 87.2% Tube Investments of India Ltd – 86.2% JB Chemicals & Pharms Ltd – 86% Endurance Technologies Ltd – 83.9% *Primary market activities* IPO opening today Shone Infosystems Ltd (NSE SME) – Issue size 11.06Cr *Commodities updates* Gold – Rs 73190/10gm, Silver – Rs 80200/kg, Brcrude – Rs 6592/barrel, Copper – Rs 846.50/kg. *Corporate News* Coal India registers 18% growth in annual profit, tepid income rise. Adani Ports Q4FY24 results: Net profit rises 76% to Rs 2,040 crore. Godrej family begins process to untangle cross-holdings in listed entities.

Ready to hit 41.50🚀🚀

New Journey 🚀 Vodafone Idea CMP 13. 4 Resistance 15 / 18 / 21 / 22 Support 12 / 10 / 8

Ready to hit again upper circuit 🚀🚀🚀

Biggest monthly candle after 7 months consolidation. Look at the monthly chart of AARTRCH SOLONICS. Stock has given strong candle stick break out after 7 months consolidation. This kind of break out gives a huge one sided move in the next 3 months after the break out.

Ready to hit upper circuit 🚀🚀🚀🚀 again

BTST STRONG TECHNICAL AARTECH SOLONIC CMP 252.95 RESISTANCE 265 / 275 SUPPORT 240

Upper circuit Again 252.95🚀🚀🚀

Ready To Hit 252.95 very close

Hidden Hero Aartech Solonics Ltd. has pioneered the development of India’s first import substitute fast bus transfer system for power plants and continuous process industries, and remains a market leader in this field. The company manufactures custom-built electrical systems for power stations, receiving stations, sub stations, distribution networks, process plants and variety of industries. The company supplies its products to defense & exploration, renewable energy, non-renewable, transportation, power T&D, heavy engineering, IT & Telecom & healthcare sectors. For the first nine months of this FY its sales and profit increased 95 and 154 per cent respectively. It is a micro-cap company but has potential to become mid cap in coming years.

Near to hit big upper circuit 🚀🚀🚀🚀🚀

Ready to hit upper circuit 252.95🚀🚀🚀🚀

*News Headlines from Business News Agencies:* *Business Standard* 📝 Tata Motors post higher April sales, Eicher sales dip 📝 No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava 📝 UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y 📝 Jindal Stainless announces expansion plans, to invest Rs 5,400 cr 📝 APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating 📝 J&J subsidiary proposes paying $6.48 bn over 25 yrs to settle talc lawsuits 📝 GST mop-up hits record on good economic momentum, efficient collections: FM 📝 Truck rentals tepid, commercial vehicle sales skid in April, says report 📝 Tata Motors receives tax demand of nearly Rs 25 cr; plans to file appeal 📝 Sebi bans Manpasand Beverages, 3 top officials from market for 3 years 📝 Govt unlikely to impose export curbs on low-grade iron ore, says report *Economic Times* 📝 Maruti Suzuki's total sales increase 5% to 168,089 units in April 📝 India's power consumption rises 11 pc to 144.89 billion units in April 📝 MG Motor India reports 1.45 pc dip in retail sales at 4,485 units in April 📝 Hyundai sales rise 9.5 pc to 63,701 units in April 📝 ITC brand Fortune Hotels targets opening a new hotel every month in FY25 📝 Quality concerns could threaten over half of India's spice exports; needs urgent attention: GTRI 📝 India may see above normal maximum temperatures in May: IMD 📝 Saudi Arabia's Q1 GDP shrinks by estimated 1.8% YoY as oil sector weighs 📝 Novo Nordisk owner to invest $200 million in quantum computing startups 📝 Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr 📝 Microsoft to power data centers with Brookfield renewables deal: report 📝 Microsoft to open first regional data centre in Thailand *Mint* 📝 GST collection hits record high of ₹2.10 trillion in April 📝 Ambuja Cements Q4 net profit up 6% YoY to ₹532 cr; declares dividend of ₹2 📝 FPIs turn net sellers worth ₹8,671 crore in April after 2 months of buying 📝 Govt to go ahead with administrative allocation for satellite broadband 📝 Brazil’s Embraer plots a new 737-sized jet to rival Boeing 📝 Stride Ventures closes third fund at $165 million 📝 Oil retailers hike ATF rates, slash commercial LPG cylinder prices 📝 India’s plastics exports fall as global economic condition takes a toll 📝 India, US to expand warship repair network 📝 Godrej family to split 127-year-old business empire 📝 Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8

Morning Alert.. *G7 commits to coal phaseout with caveats, may influence G20 and COP29 talks* The Group of Seven (G7) developed economies, in the recent meeting of its Climate, Energy, and Environment Ministerial, has decided to phase out unabated coal during the first half of the 2030s. This decision sets the tone for the upcoming global dialogues on energy transition at COP29 (Conference of the Parties) in Baku and the Group of Twenty (G20) in Brazil later this year. “We commit to phasing out existing unabated coal power generation in our energy systems during the first half of the 2030s or in a timeline consistent with keeping a limit of 1.5°C temperature rise within reach, in line with countries’ net-zero pathways. (We would also) reduce as much as possible, in the meanwhile, the utilisation of unabated coal power generation plants in our energy systems to a level consistent with keeping the limit of 1.5°C temperature rise within reach,” the final communiqué of the G7 meeting in Tunis, Italy, said. While experts have criticised the language around the phaseout commitment as weak, the G7 is likely to exert more pressure on developing nations to give up fossil fuels — a stance they maintained at the last G20 meeting presided over by India and at COP28 in Dubai. *CBI conducts nationwide op against fraudulent app based investment scheme* The CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh. *Global market action* Dow Jones – Up by 0.49% or 187.35 points FTSE – Down by 0.28% or 22.89 points CAC – Down by 0.99% or 80.22 points DAX – Up by 1.03% or 186.15 points Gift Nifty – Up by 0.57% or 128.50 points *FII/DII activities* FII – Bought 1071.93 Cr worth of shares DII – Bought 1429.11 Cr worth of shares. *Stocks with high delivery Percentage* SPARC Ltd – 100% Eris Lifesciences Ltd – 96.7% ZF Commercial Vehicle Systems India Ltd – 88.3% Sundaram Fasteners Ltd – 87.2% Blue Dart Express Ltd – 85.3% *Commodities updates* Gold – Rs 73500/10gm, Silver – Rs 79460/kg, Brcrude – Rs 6847/barrel, Copper – Rs 860.60/kg. *Corporate News* Adani Power Q4 result: Net profit down 48% at Rs 2,737 cr, revenue up 30%. Ambuja Cements Q4FY24 results: Net profit surges 64% to Rs 1,055 crore. Hero MotoCorp: Total motorcycles and scooters sales in April at 533,585 units vs 396,107 units YoY.

*News Headlines from Business News Agencies:* *Business Standard* 📝 Strong capex, domestic demand behind India's growth performance: IMF 📝 Infrastructure output in March rises 5.2%, cement production up 10.6% 📝 Havells India Q4 results: Net profit up 25% at Rs 447 cr, revenue rises 12% 📝 IEG applies afresh after licence cancelled under FCRA over procedural lapse 📝 IndiGrid Investment Managers settles InvIT rule violation case with Sebi 📝 Bottler Coca Cola HBC beats revenue estimate for Q1 on strong demand 📝 Sanofi India introduces diabetes drug 'Soliqua' at Rs 1,850 per pen 📝 RBI grants 20 companies with PA licence in the first four months of 2024 📝 Meta's Facebook, Instagram in EU crosshairs for election disinformation 📝 Uco Bank aims to bring down govt stake to 75% this fiscal: MD Aswani Kumar 📝 Shriram Group in talks with partners for wealth management biz foray *Economic Times* 📝 National Highways construction to decline by 7-10% to 31 km/day in FY25: CareEdge Ratings 📝 Fino Payments Bank Q4 Results: Net profit rises 14% YoY to Rs 25 crore 📝 Enterprise browser Island receives capital at $3 billion value 📝 NIQ Launches Founders Pitch Slam for Emerging CPG Brands in India 📝 Central Bank of India Q4 Results: Profit jumps 41% to Rs 807 crore 📝 India to grant full cost of Lanka northern port development 📝 Neobanking startup Fi secures NBFC licence from RBI 📝 Huawei Q1 Results: Chinese tech giant posts over fivefold rise in profits 📝 Asia's first spot bitcoin and ether ETFs gain in Hong Kong debut 📝 Google prevented 2.28 million apps from being published due to policy violations 📝 Sebi tightens front-running regulations for AMCs to check market abuse *Mint* 📝 IOC Q4 net profit drops 40% QoQ to ₹4,838 crore; declares dividend of ₹7 📝 Manipal Hospitals to continue expanding across the country: CEO Dilip Jose 📝 Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say 📝 ChrysCapital closes its continuation fund at $700 million 📝 FirstCry refiles draft IPO papers; posts ₹4,814 cr revenue in Apr-Dec 📝 RBI estimates show 5% growth in jobs in FY23 in post-covid recovery 📝 IvyCap Ventures closes third fund, raises ₹2,100 crore 📝 Asia-Pacific economies’ resilience spurs IMF forecast upgrade 📝 McDonald’s supersizes China bet as corporate America pulls back 📝 India's oil import bill could rise to $101-104 billion in FY25, says ICRA report 📝 JNK India list with 50% premium at ₹621 on NSE

Break out above 42🚀🚀🚀

Near to hit big upper circuit 🚀🚀🚀🚀

Ready to hit upper circuit 🚀🚀🚀42.89

Ready to break above 42🚀🚀🚀🚀

After Huge Consolidation Looking Strong Rudra Global Infra bse code 539226 CMP 41 Test Resistance 60 support sl 32 Strong upper circuit

Hit upper circuit 🚀🚀🚀🚀🚀

Near 241🚀🚀🚀

Strong buying

Ready to hit upper 241 🚀🚀🚀🚀🚀

Biggest monthly candle after 7 months consolidation. Look at the monthly chart of AARTRCH SOLONICS. Stock has given strong candle stick break out after 7 months consolidation. This kind of break out gives a huge one sided move in the next 3 months after the break out.

Hidden Hero Aartech Solonics Ltd. has pioneered the development of India’s first import substitute fast bus transfer system for power plants and continuous process industries, and remains a market leader in this field. The company manufactures custom-built electrical systems for power stations, receiving stations, sub stations, distribution networks, process plants and variety of industries. The company supplies its products to defense & exploration, renewable energy, non-renewable, transportation, power T&D, heavy engineering, IT & Telecom & healthcare sectors. For the first nine months of this FY its sales and profit increased 95 and 154 per cent respectively. It is a micro-cap company but has potential to become mid cap in coming years.

Ready To Hit Again Upper circuit 🚀🚀🚀

Morning Alert.. *Bouncing back: Smallcaps set to post the biggest gain in five months* The Nifty Smallcap 100 rose for a sixth consecutive day on Monday, extending its monthly gain to 11.4 per cent. The index is set to post its biggest monthly jump since November 2023. The Nifty Midcap 100 also gained for a sixth straight session, taking its April gain to nearly 6 per cent — its best monthly show since December. Both indices had plummeted in March amid concerns over expensive valuations and a warning by markets regulator Securities and Exchange Board of India (Sebi) regarding a “bubble” buildup. However, they have more than recouped their losses — the Nifty Smallcap 100 index has surged over 20 per cent from its March lows, while the Nifty Midcap 100 index has climbed 12 per cent to trade at fresh highs. This rebound has propelled the market capitalisation of all BSE-listed firms to a record high of Rs 406.5 trillion ($4.9 trillion) on Monday. It was Rs 364 trillion at the start of the year. Both broad market indicators have outperformed the Sensex and Nifty this month, which are up 1.4 per cent each. *Silver ETF gains greater traction as AUM tops Rs 5,000 crore in April* Two years after the launch of the first mutual fund (MF) offering, silver exchange-traded funds (ETFs) are gaining greater traction. The assets under management (AUM) of the eight ETFs offered by various fund houses crossed the Rs 5,000 crore mark in April amid a rally in silver prices. Last month, the AUM of gold ETFs offered by domestic MFs topped Rs 31,000 crore for the first time. Inflows into silver ETFs have been elevated since the start of the calendar year 2024. During January–March 2024, the garnered net inflows of over Rs 1,500 crore compared to around Rs 1,300 crore inflow in the previous nine months of 2023–24 shows data from the Association of Mutual Funds in India. Back-of-the-envelope calculations based on April 25 AUM disclosures show an inflow of around Rs 650 crore in April. Likewise, inflows into gold ETFs — a more established offering — have averaged Rs 550 crore over the past nine months. The inflows into these two precious metals through the MF route come on the back of a sharp rally this calendar. From this year’s low, gold and silver prices in the domestic market have advanced 17 per cent each from this year’s low. *Global market action* Dow Jones – Down by 0.08% or 30.03 points FTSE – Up by 0.09% or 7.20 points CAC – Down by 0.29% or 23.09 points DAX – Down by 0.24% or 42.69 points Gift Nifty – Up by 0.15% or 34.50 points *FII/DII activities* FII – Bought 169.09 Cr worth of shares DII – Bought 692.05 Cr worth of shares. *Stocks with high delivery Percentage* AIA Engineering Ltd – 91.8% Krishna Institute of Medical Sciences Ltd – 89.9% Cholamandalam Financial Holding Ltd – 85.9% Home First Finance Company India Ltd – 83.2% Vinati Organics Ltd – 82.8% *Primary market activities* Listing today Emmforce Autotech Ltd (BSE SME) – Subscribed 364.37x JNK India Ltd (Main board) – Subscribed 28.46x Shivam Chemicals Ltd (BSE SME) – Subscribed 6.61x Varyaa Creations Ltd (BSE SME) – Subscribed 3.59x IPOs opening today Storage Technologies & Automation Ltd (BSE SME) – Issue size 29.95Cr Amkay Products Ltd (BSE SME) – Issue size 12.61Cr Sai Swami Metals & Alloys Ltd (BSE SME) – Issue size 15Cr *Commodities updates* Gold – Rs 74485/10gm, Silver – Rs 80823/kg, Brcrude – Rs 6897/barrel, Copper – Rs 866.35/kg. *Corporate News* PNB Housing Finance Q4FY24 results: Net profit rises 57% to Rs 444 crore. Trent Q4 results: Profit sees multi-fold jump at Rs 712 cr, sales up 51%. Uttarakhand suspends licences of 14 products of Ramdev's pharma firms.

Again upper circuit 🚀

Ready to hit upper circuit 🚀🚀🚀🚀

Biggest monthly candle after 7 months consolidation. Look at the monthly chart of AARTRCH SOLONICS. Stock has given strong candle stick break out after 7 months consolidation. This kind of break out gives a huge one sided move in the next 3 months after the break out.

Bse hit upper circuit 230.55🚀🚀🚀 NSE circuit open 229.55

229.56 upper

Hit high 229🚀🚀

Ready to break 225🚀🚀🚀🚀

Ready to hit 40.88🚀🚀

Positive Movement Jsw Steel Technically strong strength Expected next high

Ready to hit upper circuit 🚀🚀🚀

Ready to Test Important Resistance 250🚀

Morning Alert.. *Banks may have to slow down loan growth in FY25: S&P Global Ratings* Indian banks' credit growth, profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said. In the Asia-Pacific 2Q 2024 Banking Update, S&P Global Ratings Director SSEA Nikita Anand said the agency expects the sector's strong credit growth to moderate to 14 per cent in FY25, from 16 per cent in FY24, if deposit growth, especially retail deposits, remain tepid. Anand said there is a deterioration in loan-to-deposit ratio is every bank, with loan growth being 2-3 percentage points higher than deposit growth. "We expect banks to bring down their loan growth in FY25 and bring it in line with deposit growth. If banks do not do that, they would be paying higher to get wholesale funding, which will impact profitability," she said at a recent webinar of S&P Global Ratings. *Global market action* Dow Jones – Up by 0.34% or 130.37 points FTSE – Up by 0.75% or 60.97 points CAC – Up by 0.89% or 71.59 points DAX – Up by 1.36% or 243.73 points Gift Nifty – Up by 0.23% or 52.00 points *FII/DII activities* FII – Sold 3408.88 Cr worth of shares DII – Bought 4356.83 Cr worth of shares. *Stocks with high delivery Percentage* SPARC Ltd – 100% Century Plyboards (India) Ltd – 96% Star Health & Allied Insurance Co Ltd – 83.6% Alembic Pharma Ltd – 83% Kajaria Ceramics Ltd – 82.4% *Commodities updates* Gold – Rs 74495/10gm, Silver – Rs 80745/kg, Brcrude – Rs 6995/barrel, Copper - Rs 859.50/kg. *Corporate News* Vi FPO rings in vigour for telecom sector, may reduce subscriber loss. Apollo Hospitals lines up Rs 3,000 crore investment post Advent deal. L&T Finance plans to increase short term, ECB fundraise in FY25.

*MARKET WRAP 26th April, 2024* *_Market Indices_* NIFTY 50 : 22,419.95 ⬇️-150.40/-0.67% SENSEX : 73,730.16 ⬇️-609.28/-0.82% BANKNIFTY :48,201.05 ⬇️+293.90/-0.61% INDIAVIX: 10.92 ⬆️+0.19/+1.77% _*Market round-up*_ Frontline equity indices snapped their 5-day winning streak amid mixed global market cues and as losses in Bajaj Finance offset gains in TechM & HDFC Bank. Broader market indices rose outperforming benchmarks. _*Rising stocks*: 1101_ _*Falling stocks*: 1094_ _*Technical Outlook*:_ NIFTY witnessed selling pressure throughout the day from the resistance zone of 22,560-22650. Until this zone is not taken out decisively, we can expect the consolidation to continue. As far as the BANKNIFTY is concerned the recovery from the previous day’s lows was short-lived and lacked follow-up buying interest. _*Key levels to monitor*_: 🔹NIFTY ▪️Support: 22,375-22,054 ▪️Resistance: 22,695-23,016 🔹BANKNIFTY ▪️Support: 47,946-47.058 ▪️Resistance: 48,834-49,722 _*Top 3 stock gainers(NIFTY 500)*_: ▪️HUDCO (⬆️+12.33%) ▪️Glenmark Life (⬆️+8.58%) ▪️Zensar Tech (⬆️+8.01%) _*Top 3 stock losers(NIFTY 500)*_: ▪️LTTS(⬇️-7.80%) ▪️Bajaj Finance (⬇️-7.72%) ▪️KSB Pumps (⬇️-5.21%)

Close above 221 Highly Positive technically

BTST players strong movement

Ready to hit 223🚀🚀🚀🚀🚀🚀

Near to hit upper circuit 223.96

Ready to hit upper circuit 🚀🚀🚀🚀

Aartech Solonics investments in recent times Strong note

Hidden Hero Aartech Solonics Ltd. has pioneered the development of India’s first import substitute fast bus transfer system for power plants and continuous process industries, and remains a market leader in this field. The company manufactures custom-built electrical systems for power stations, receiving stations, sub stations, distribution networks, process plants and variety of industries. The company supplies its products to defense & exploration, renewable energy, non-renewable, transportation, power T&D, heavy engineering, IT & Telecom & healthcare sectors. For the first nine months of this FY its sales and profit increased 95 and 154 per cent respectively. It is a micro-cap company but has potential to become mid cap in coming years.

Ready to hit 220

Hit high 221 in Bse

Ready to move above 215🚀🚀

Special Situation Stock Aartech Solonic Cmp 213/220 Test Resistance 275 / 300 Support Work as sl 190 Coming weeks Can be Hit Upper

Recent update from company post Fund raise. This counter has potential to make a complete turnaround considering its valuation and its assets.

Special Situation Ibreal ( indiabulls real ) CMP 138 Resistance 160 / 170 / 180 Support 120 / 105 / 90

*Global bits* ✒️China passes tariff law as tensions with trading partners simmer ✒️Asia stocks, yen tentative with eyes on BOJ decision ✒️Asia stocks, yen tentative with eyes on BOJ decision ✒️South Korea's public finances no longer a credit rating 'strength', Fitch says ✒️Yen at its weakest in decades as BOJ meets ✒️Inflation in Japan's capital slows more than expected, slides below BOJ goal ✒️Bank of Japan may signal near-term rate hike with new price forecasts ✒️Irish consumer sentiment falls for third month in a row ✒️Tepid US data hits stocks, lifts Treasury yields to over 5-month high ✒️Weak GDP, strong prices, highlight Fed dilemma ✒️US weekly jobless claims unexpectedly fall ✒️FTSE 100 hits record high on BHP bid for Anglo American, earnings push ✒️European stocks retreat on earnings gloom, weak US economic data ✒️Sri Lankan shares end higher as financials, industrials gain ✒️South African rand strengthens after producer inflation data ✒️Global economy set to stay on a roll for the rest of the year: Reuters poll ✒️UK consumer sentiment returns to two-year high, GfK survey shows ✒️Imports hold back US economy in first quarter, inflation flares up Source: Reuters (Collated by Munjaal Raval)

Morning Alert.. *Above-normal monsoon likely to ease food prices: Finance ministry* With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry’s monthly economic report for March has said.The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. “Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall,” the monthly report, released by the Department of Economic Affairs, said. The ministry said the retail inflation rate in FY24 witnessed a significant decline, reaching its lowest level since the pandemic came. The food inflation rate declined from 8.7 per cent in February to 8.5 per cent in March. The Reserve Bank of India in its State of the Economy report on Wednesday, however, cautioned while the retail inflation rate was within sight of hitting the 4 per cent target, extreme weather events, an increase in crude oil prices due to geopolitical uncertainties posed a risk. *Global market action* Dow Jones – Up by 0.08% or 28.89 points FTSE – Up by 0.48% or 38.48 points CAC – Down by 0.93% or 75.21 points DAX – Down by 0.95% or 171.42 points Gift Nifty – Up by 0.11% or 25.00 points *FII/DII activities* FII – Sold 2823.33 Cr worth of shares DII – Bought 6167.56 Cr worth of shares. *Stocks with high delivery Percentage* Sundaram Fasteners Ltd – 96.6% AIA Engineering Ltd – 89.8% Jindal Worldwide Ltd – 87.6% Suven Pharma Ltd – 87.6% Home First Finance Company India Ltd – 83.5% *Primary market activities* Listing today Faalcon Concepts Ltd (BSE SME) – Subscribed 71.28x *Commodities updates* Gold – Rs 73975/10gm, Silver – Rs 80699/kg, Brcrude – Rs 6916/barrel, Copper – Rs 850.95/kg. *Corporate News* IndiGo places $5 billion order for 30 A350-900 widebody aircraft. Nestle India Q4FY24 results: Net profit soars 27% to Rs 934 crore. India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'.

*After Zomato, it's now Swiggy that will come to the market.* They've got an approval for a ₹10,414 cr IPO.

*india Daybook – Stocks in News* *Rites:* Company entered into a MOU with Ultratech for project management consultancy services of rail infra projects (Positive) *Biocon: Co Says Scheme Of Amalgamation Of Biofusion Therapeutics With Biocon Pharma Approved By Indian Tribunal. (Positive) *Cyient:* Company Q4 earnings Net profit up 28.5% at ₹196.9 cr vs ₹153.2 cr, Revenue up 2.2% at ₹1860.8 cr vs ₹1,821.4 cr (QoQ) (Positive) *Zensar Tech:* Net profit up 45.4% at ₹173.3 cr vs ₹119.2 cr, Revenue up 1.4% at ₹1,229.7 cr vs ₹1,212.6 cr (YoY). (Positive) *Som Distilleries:* Net profit at ₹20 cr vs ₹15.9 cr, Revenue up 51.1% at ₹381.6 cr vs ₹252.6 cr (YoY) (Positive) *Jai Balaji:* Net profit Rs 273 crore vs loss Rs 13.1 crore, revenue Rs 1846 crore vs Rs 1724 crore (YOY) (Positive) *GG Engineering:* Net profit Rs 8.1 crore vs Rs 5.3 crore, revenue Rs 76 crore vs Rs 24.9 crore (YOY) (Positive) *Aavas Fin:* Net profit Rs 143 crore vs Rs 127 crore, revenue Rs 546 crore vs Rs 449 crore (YOY) (Positive) *Puravankara:* Company arm Provident Housing secures ₹1,150 cr investment from HDFC Capital. The investment is for 6.2 msf of new residential projects with a combined GDV of ₹17,100 cr. (Positive) *SJVN:* Company unit incorporates joint venture with Assam Power Distribution Company (Positive) *IndiGo:* Company places order for 30 Airbus A350 jets. (Positive) *PSP Projects:* Compay approves allocation of 36 lakh shares to eligible qualified institutional buyers at Rs 670 apiece. (Positive) *L&T Tech:* Company unveils strategic reorganization. (Positive) *REC:* Company avails green loan of 60.5 billion Japanese Yen from Italian export credit agency SACE. (Positive) *Sandur Manganese:* Company to acquire 80% stake in Arjas Steel Private at an enterprise value of Rs 3,000 crore. (Positive) *Macrotech:* Company expects pre-sales to grow about 20% in the year to March after reporting its highest-ever quarterly revenue. (Positive) *Tata Steel:* Company has agreed detailed terms with the UK Government on the proposed grant package to support the £1.25 billion investment (Positive) *CRISIL:* Company’s unit gets SEBI license to commence the business of ESG Ratings Provider. (Positive) *Indusind Bank:* NII at Rs 5376 crore versus poll of Rs 5472 crore, Net profit at Rs 2349 crore versus poll of Rs 2403 crore (Neutral) *Vedanta Ltd:* Net profit down 27.4% at ₹2,273 cr vs ₹3,132 cr (YoY), Revenue down 6.4% at ₹35,509 cr vs ₹37,930 (YoY) (Neutral) *Welspun Living:* Net profit up 16.4% at ₹146 cr vs ₹125.4 cr (YoY), Revenue up 19.6% at ₹2,575.2 cr vs ₹2,154 cr (YoY) (Neutral) *Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral) *Bajaj Fianance:* Net profit at ₹3,824.5 cr vs poll of ₹3,888.7 cr, Gross NPA at 0.85% vs 0.95% (QoQ) (Neutral) *Happiest Minds:* Company to acquire Pure Software Technologies for Rs 779 crore. (Neutral) *BHEL:* Company appoints Koppu Sadashiv Murthy as CFO. (Neutral) *Tata Motors:* Company and Tata Motors DVR merger proposal voting commences on April 25 (Neutral) *LIC:* Company board approves infusion of approximately Rs 14 crore in Life Insurance Corporation (Lanka) (Neutral) *Zensar Tech:* Company CFO Sachin Zute resigns effective May 3 (Neutral) *Adani Ent:* Company to consider Q4 Results and Dividend on 02nd May 2024. (Neutral) *Coromandel International:* Arun Alagappan appointed as Executive Chairman of Company (Neutral) *Glenmark Life:* Net profit down 33% at ₹98 cr vs ₹146.3 cr (YoY), Revenue down 13.6% at ₹536.5 cr vs ₹621.3 cr (YoY) (Negative) *Tech Mahindra:* Net profit plunged almost 41% to ₹661 crore for Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore. (Negative) *Schaeffler:* Company reported a 25.3% YoY fall in net profit at ₹219.7 crore, revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore YoY (Negative)

Ready to close 214.40 🚀🚀🚀🚀

BTST STRONG movement

Hit New High 214🚀🚀🚀

Technically break out above 21

Defence Multibagger Stock 🚀 3 x Potential Aartech Solonics, (CMP – 210 ), is a manufacturer of Electrical Machinery and Apparatus N.E.C. Company is a system solution-oriented R&D enterprise in the field of specialized and selected energy appliances. Company has ROCE of 8.31% and ROE of 5.19%. It is a regular dividend paying counter having dividend yield of 0.28%. Company has minimal debt of 2.66Cr with debt equity ratio of just 0.02x. Also, company has recently made some investments in UK by forming subsidiary under the name of Aartech Solonics UK Limited. We expect some technical investments by company through this subsidiary. Stock is consolidating near its all time high levels. One base is created we expect strong momentum in this counter making new all time high.

Ready to hit 214🚀🚀🚀

In Bse circuit open now in NSE ready to open

Movement started 🚀🚀🚀🚀

Ready to open lower circuit 🚀🚀🚀don't sell just hold small correction impact due to Esm

New Journey 🚀 Vodafone Idea CMP 12.40 Resistance 15 / 18 / 21 / 22 Support 12 / 10 / 8

Morning Alert.. *RBI flags unauthorised forex entities offering exorbitant returns* The Reserve Bank of India (RBI) on Wednesday flagged unauthorised entities offering foreign exchange (forex) trading facilities with promises of exorbitant returns. The central bank said that authorised dealers should promptly report such transactions to the Enforcement Directorate when they detect such instances. Upon investigation, the RBI noted that to facilitate unauthorised forex trading, these entities have employed local agents to open accounts at various bank branches for the purpose of collecting money related to margins, investments, charges, and more. These accounts are established under the names of individuals, proprietary concerns, trading firms, etc. In several instances, the transactions conducted in these accounts do not align with the stated purpose for their establishment. Additionally, these entities are offering residents the option to remit or deposit funds in Indian Rupees for engaging in unauthorised forex transactions via domestic payment systems such as online transfers and payment gateways, the RBI said. *Global market action* Dow Jones – Down by 0.27% or 105.20 points FTSE – Down by 0.06% or 4.43 points CAC – Down by 0.17% or 13.92 points DAX – Down by 0.27% or 48.95 points Gift Nifty – Down by 0.29% or 65.50 points *FII/DII activities* FII – Sold 2511.74 Cr worth of shares DII – Bought 3809.90 Cr worth of shares. *Stocks with high delivery Percentage* SPARC Ltd – 100% Krishna Institute of Medical Sciences Ltd – 92.9% Century Plyboard (India) Ltd – 92.7% Carborundum Universal Ltd – 90.1% Sundaram Fasteners Ltd – 86.1% *Commodities updates* Gold – Rs 74015/10gm, Silver – Rs 80500/kg, Brcrude – Rs 6888/barrel, Copper – Rs 843/kg. *Corporate News* RBI tells Kotak Mahindra Bank to stop issuing new credit cards. Axis Bank Q4 results: Reports net profit at Rs 7,130 crore, NII rises 11%. IHC Q4 result: PAT rises 29% to Rs 438 cr, total income at Rs 1,951 cr.

Ready To Break Important Resistance 49🚀🚀🚀🚀

Morning Alert.. *RBI holds back US dollar sales in February amid pressure on rupee* The Reserve Bank of India (RBI) abstained from selling any US dollars throughout February, for the first time in nine months. The decision comes amid increasing pressure on the rupee, as expectations of rate cuts by the US Federal Reserve keep pushing back. The last time the RBI did not sell dollar over a month was in May 2023. The RBI had sold $8.5 billion in the spot market in January 2024. The central bank purchased $8.5 billion over the month in February to build the foreign exchange reserves and to protect the rupee from further depreciation as the US CPI data for January was higher than expected, said market participants. India’s foreign exchange reserves have been hitting new peaks for the past seven consecutive weeks. It reached a new peak of $648.56 billion in the week ended April 5, latest data by the Reserve Bank of India showed. The reserves surged by $2.98 billion in the week. “RBI was intervening in the foreign exchange market both through spot and forwards to contain volatility in the rupee,” said a treasury head at a private sector bank. “Dollar was getting stronger as the data was unsupportive and rate cut was pushed back to June,” he said. *Net FDI in India dips to $14.55 billion in April 2023-Februray 2024* The net foreign direct investment (FDI) in India, inflows minus the outflows, dropped sharply by 45.5 per cent in the 11 months of Financial Year 2024 (April 2023 to February 2024), when compared with the same period a year ago due to a rise in repatriation of capital. The net FDI stood at $14.55 billion in April-2023-February 2024 period, down from $26.71 billion in the same period a year ago. The Reserve Bank of India’s (RBI) data (April 2024 bulletin) said FDI in India was $26.69 billion and outflows were $ 12.14 billion in April 2023-February 2024. In the same period last year (April 2022-February 2023), FDI inflows were at $ 39.61 billion, while outflows had touched $12.90 billion during the same period. Repatriation/disinvestment by those who made direct investments in India rose to $38.30 billion in the 11-months of FY24 from $27.17 billion in April 2022-February 2023, according to RBI data. According to the “State of Economy” report in RBI’s monthly bulletin for April 2024, more than 60 per cent of the FDI equity flows were directed towards manufacturing, computer services, electricity and other energy, retail and wholesale trade, and financial services. *Global market action* Dow Jones – Up by 0.07% or 26.68 points FTSE – Up by 0.26% or 20.94 points CAC – Up by 0.81% or 65.42 points DAX – Up by 1.55% or 276.85 points Gift Nifty – Up by 0.33% or 73 points *FII/DII activities* FII – Sold 3044.54 Cr worth of shares DII – Bought 2918.94 Cr worth of shares. *Stocks with high delivery Percentage* SPARC Ltd – 97.9% Kajaria Ceramics Ltd – 92.2% Gillette India Ltd – 87.9% AIA Engineering Ltd – 86.1% Schaeffler India Ltd – 86.1% *Commodities updates* Gold – Rs 73680/10gm, Silver – Rs 80657/kg, Brcrude – Rs 6939/barrel, Copper – Rs 838.45/kg. *Corporate News* SBI Card introduces inaugural travel-centric core credit card 'MILES'. ICICI Pru Life Q4 results: Net profit drops 26% to Rs 173.76 crore. As silver price rally, Hindustan Zinc's plans entry into value-adds.

Ready To Hit Upper circuit 🚀🚀🚀🚀🚀

Ready To 42.60🚀 upper

Rudra global taken support from strong support area Look at weekly chart of RUDRA GLOBAL. Stock has taken support near 40 level which is strong support zone. Now stock has resistance near 48 level cross will take 56/60 levels Down side support exists near 35/30 levels

Photo from L

Upper circuit 42.60🚀🚀🚀🚀

Ready To Hit near Upper circuit Strong 🚀🚀🚀🚀

RUDRA GLOBAL Stock is looking strong on charts, likely to make a upside move to upper circuit Improved delivery volumes has given support. Important technical levels S1 - 37 S2 - 35 R1 - 48 R2 - 60

Ready to hit again upper circuit 🚀🚀🚀🚀🚀

https://www.livemint.com/companies/company-results/rudra-global-infra-products-q3-fy24-results-live-profit-rises-by-26-27-yoy-11708118818202.html

RUDRA GLOBAL INFRA Looking attractive at the lower levels now, Upside Resistances 42-48-56 & Support at 37-35 🚀

Aartech Solonics investments in recent times Strong note

Ready to open lower next levels 230

Average from lower levels ready to open lower circuit technically 🚀🚀🚀

Ready to open lower circuit 🚀🚀🚀🚀🚀

After Continuous upper circuit Stock Hit lower circuit Aartech Solonic ( defence play ) Cmp 214.95 Expected lower circuit open 230 Today Again resistance move near Support Zone🚀🚀🚀