all posts Equity99

Morning Alert.. *Soft US inflation data pushes markets higher; Sensex gains 677 points* Benchmark indices rose nearly a per cent as softer-than-expected US consumer inflation renewed hopes of at least two interest rate cuts in 2024. After swinging wildly, the Sensex ended the session at 73,664, with a gain of 677 points or 0.9 per cent, while Nifty ended the session at 22,404, with a gain of 203 points or 0.9 per cent. This was the biggest gain for both indices since April 29. The Sensex fluctuated between 72,530 and a high of 73,750 in intra-day trade as moderating inflation data kept sentiment buoyant but sustained selling by foreign funds, and election uncertainty stoked volatility. The pace of foreign portfolio investor (FPI) selling, however, moderated on Thursday. They sold shares worth Rs 777 crore, while domestic institutional investors (DIIs) provided buying support of Rs 2,128 crore. So far this month, FPIs have sold shares worth nearly $3.5 billion (Rs 28,000 crore) amid a muddled outlook around US rate cuts. Besides, experts say rotation out of India and into China due to favourable valuations also contributed to FPI selling. *Lower crude oil prices likely to tilt imports towards Iraq and UAE* Industry sources have said that crude oil purchases in the first quarter (April-June) of 2024-25 would remain tilted towards Russia if Brent crude prices remain above $81 per barrel, officials at state-owned refiners said. However, it may swing towards crude from Iraq and the United Arab Emirates (UAE) if prices fall beyond that level, even if for a few days, they added. On Wednesday, crude oil prices fell to a two-month low of Rs 79.87 per barrel due to low demand growth predicted by the International Energy Agency. Brent Last Day Financial prices stood at Rs 80.38 at the time of writing this report on Thursday. While India is keen on diversifying its sources of crude and wants to raise the share of traditional partners like Iraq, Saudi Arabia, and the UAE in the import mix, the levels of discounts offered by Russia in the short term are expected to remain higher, refinery officials said. After shrinking for a few months in May last year, the level of discount rebounded later in the year. It has remained in the range of $4-6 per barrel in 2024 so far. * Global market action* Dow Jones – Down by 0.06% or 24.80 points FTSE – Down by 0.08% or 7.15 points CAC – Down by 0.63% or 51.50 points DAX – Down by 0.69% or 130.55 points Gift Nifty – Up by 0.01% or 1.50 points *FII/DII activities* FII – Sold 776.49Cr worth of shares DII – Bought 2127.81Cr worth of shares. *Stocks with high delivery Percentage* Century Plyboards (India) Ltd – 93.2% AIA Engineering Ltd – 93.1% Westlife Foodworld Ltd – 92.7% Ratnamani Metals & Tubes Ltd – 90.3% Avenue Supermarts Ltd – 83.6% *Primary market Activities* Listing today Premier Roadlines Ltd (NSE SME) – Subscribed 117.57x Aztec Fluids & Machinery Ltd (BSE SME) – Subscribed 218.38x Piotex Industries Ltd (BSE SME) – Subscribed 107.44x *Commodities updates* Gold – Rs 75380/10gm, Silver – Rs 87330/10gm, Brcrude – Rs 6618/barrel, Copper – Rs 894.75/kg. *Corporate News* Auto major M&M shifts to high gear with Rs 37,000 crore investments. Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr. Voda Idea Q4 results: Net loss widens to Rs 7,674 cr, Arpu at Rs 146.

Ready to break above 40🚀

BTST PLAYERS FOCUS RUDRA GLOBAL INFRA BSE CODE 539226 CMP 39.50

Morning Alert.. *April exports drop to five-month low on geopolitical woes, shows data* Disruptions caused by geopolitical tensions, such as the Red Sea crisis, and softer commodity prices dragged down the value of India’s goods exports to a five-month low in April. Data released by the commerce department showed that the country’s merchandise exports grew merely 1.07 per cent year-on-year (Y-o-Y) to $34.99 billion during the first month of the current financial year (FY25), while merchandise imports rose sharply by 10.25 per cent to $54.09 billion in this period, leading to the widening of the trade deficit to a five-month high of $19.1 billion. The surge in inbound shipments was mainly driven by petroleum products, which grew by a fifth to $16.64 billion. The category constitutes more than 30 per cent of the total imports. This was followed by the trebling of gold imports to $3.1 billion. Electronic imports grew by 10 per cent to $7.05 billion. Non-petroleum, non-gems and jewellery imports grew by nearly 2 per cent Y-o-Y to $32.72 billion. Non-petroleum and non-gems and jewellery exports, an indication of exports’ health, saw a moderate growth of 1.32 per cent at $26.77 billion. *Urban jobless rate reaches four quarter high in Q4FY24: PLFS data* Urban unemployment rate increased to touch 6.7 per cent in Q4 (January-March) of FY24, up sequentially from 6.5 per cent in the preceding quarter, according to the Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Wednesday. The headline unemployment rate in the current weekly status (CWS) terms for those above 15 years is the highest since the January-March 2023 quarter, when the unemployment rate touched 6.8 per cent. In CWS, the activity status is determined on the reference period over the past seven days preceding the date of the survey. Previously, the jobless rate in urban areas has been steadily declining since the high of 12.6 per cent reported during the April-June quarter of FY22 during the peak of the pandemic, the PLFS data showed. Data showed that while the unemployment rate among women declined slightly to 8.5 per cent during the quarter, the jobless rate among men shot up to 6.1 per cent from 5.8 per cent in the preceding quarter. * Global market action* Dow Jones – Up by 0.09% or 35.18 points FTSE – Up by 0.21% or 17.67 points CAC – Up by 0.17% or 14.19 points DAX – Up by 0.82% or 152.94 points Gift Nifty – Up by 0.54% or 119.50 points *FII/DII activities* FII – Sold 2832.83Cr worth of shares DII – Bought 3788.38Cr worth of shares. *Stocks with high delivery Percentage* Eris Lifesciences Ltd – 90.3% RHI Magnesita India Ltd – 88.1% Star Health and Allied Insurance Co Ltd – 87% Westlife Foodworld Ltd – 86.4% CCL Products Ltd – 82.9% *Primary market activities* IPOs opening today Rulka Electricals Ltd (NSE SME) – Issue size 26.40Cr HOAC Foods India Ltd (NSE SME) – Issue size 5.54Cr Listing today Energy-Mission Machineries (India) Ltd (NSE SME) – Subscribed 320.67x *Commodities updates* Gold – Rs 75070/10gm, Silver – Rs 86964/kg, Brcrude – Rs 6551/barrel, Copper – Rs 891.45/kg. *Corporate News* Cipla promoters sell 2.53% stake worth Rs 2,637 cr to fund philanthropy. IIFL Finance raises Rs 1,271 crore through rights issue to fund biz growth. Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore.

Ready to hit big upper circuit 🚀🚀🚀🚀

Strong Results Expections Rudra Global Infra bse code 539226 CMP 39 / 40 Resistance 60 support 30

Ibreal @121 🚀🚀🚀

Vodafone Idea Another Game Changer Next Resistance Level 20 support 9 Expected upper circuit coming Days

https://m.economictimes.com/industry/telecom/telecom-news/vodafone-idea-cash-ebitda-seen-growing-32-cagr-during-fy24-28/articleshow/110081065.cms

Ready to open lower circuit

Lower levels attractive Aartech Solonic ( defence play) CMP 220 Ready to open lower circuit next Resistance 259 support 190

Ready to hit upper circuit 194.35🚀🚀🚀🚀

Ready to break above 212🚀🚀🚀🚀

Special Situation UNIVASTU INDIA CMP 210/214 Resistance levels 250 support sl 190 Coming days view

Morning Alert.. *Spike in food & fuel prices push WPI inflation to 13-month high in April* India’s wholesale inflation, measured by the Wholesale Price Index (WPI), rose sharply to a 13-month high in April, reaching 1.26 per cent from 0.53 per cent in March. As a result, WPI-based inflation remained in positive territory for the sixth consecutive month after staying in the deflationary zone for the major part of the previous financial year (2023-24). In April last year, wholesale inflation stood at minus 0.79 per cent. Data released by the Ministry of Commerce and Industry on Tuesday showed that the uptick in factory gate inflation during April was primarily driven by spikes in the prices of food articles and fuel, among other factors. Within food articles, pressure on factory gate prices mainly built up due to an acceleration in the prices of onions (59.7 per cent), vegetables (23.6 per cent), potatoes (71.9 per cent), and paddy (12.03 per cent). Meanwhile, the prices of cereals (8.7 per cent) and pulses (16.6 per cent) decelerated during the month but remained elevated. On the other hand, price rises of fruit (minus 1.78 per cent) and protein-rich items like eggs, meat (0.88 per cent), and milk (4.3 per cent) provided some relief during the month. *Highway Ministry hits 20% of capital expenditure target in April 2024* Despite being slow on award of projects in the second half of 2023, the Ministry of Road Transport and Highways (Morth) continued with front-loading of capital expenditure, as it spent over Rs 54,500 crore for building new highways in April this year. The ministry has met 20.04 per cent of its capex target with 11 months remaining, Morth said in its monthly report to the Union Cabinet. The ministry has been among the front runners in early execution of capex, a strategy adopted by the finance ministry to ensure that infrastructure creation does not suffer due to excessive backlogs towards the end of the financial year. Ministries are typically expected to ensure that at least two-thirds of their capex is spent by the end of the second quarter. While the highway ministry has maintained double-digit percentage shares in capex in the past, it is for the first time that it has opened the financial year having spent over Rs 50,000 crore. According to experts, there is still a healthy pipeline of projects by the NHAI, and impacts of the Bharatmala slowdown will be more pronounced in FY26. * Global market action* Dow Jones – Up by 0.00% or 0.62 points FTSE – Up by 0.16% or 13.14 points CAC – Up by 0.20% or 16.52 points DAX – Down by 0.14% or 25.80 points Gift Nifty – Up by 0.25% or 55.00 points *FII/DII activities* FII – Sold 4065.52Cr worth of shares DII – Bought 3527.86Cr worth of shares. *Stocks with high delivery Percentage* Westlife Foodworld – 94.1% Schaeffler India – 91.9% Sundaram Fasteners – 89.5% Vinati Organics – 88.1% Radico Khaitan – 81.2% *Primary market activities* IPOs opening today Quest Laboratories Ltd (NSE SME) – Issue size 43.16Cr Go Digit General Insurance Ltd (Main board) – Issue size 2614.65Cr Listing today TBO Tek Ltd (Main board) – Subscribed 86.69x Aadhar Housing Finance Ltd (Main board) – Subscribed 26.76x TGIF Agribusiness Ltd (BSE SME) – Subscribed 37.13x Silkflex Polymers (Indai) Ltd (NSE SME) – Subscribed 39.30x *Commodities updates* Gold – Rs 74380/10gm, Silver – Rs 85434/kg, Brcrude – Rs 6513/barrel, Copper – Rs 884.35/kg. *Corporate News* Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses. Bharti Airtel Q4FY24 results: Net profit drops 31% to Rs 2,071 crore. Siemens profit surges 70%, to list energy biz into separate entity. Tata Motors overtakes TCS as group's most profitable firm after 10 years.

Vodafone Idea Another Game Changer Next Resistance Level 20 support 9 Expected upper circuit coming Days

https://m.economictimes.com/industry/telecom/telecom-news/vodafone-idea-cash-ebitda-seen-growing-32-cagr-during-fy24-28/articleshow/110081065.cms

Morning Alert.. * Retail inflation eases to 4.83% in April on softening fuel prices* Retail inflation as measured by the consumer price index (CPI) marginally eased by 2 basis points to an 11-month low of 4.83 per cent in April aided by softening core and fuel inflation even though food inflation accelerated. The data released by the National Statistical Office (NSO) on Monday showed food inflation shot up to 8.7 per cent in April from 8.52 per cent in the preceding month, driven by acceleration in the prices of fruits (5.22 per cent), oils (9.43 per cent), cereals (8.63 per cent), and protein-rich items like meat and fish (8.17 per cent). Though the prices of vegetables (27.8 per cent), and pulses (16.84 per cent) decelerated compared to the preceding month, they still recorded a double-digit rise in April. D K Srivastava, chief policy advisor, EY India, said retail inflation in April this year continued the downward trend that started in December 2023 and it was the second successive month when inflation was below 5 per cent. "Although food inflation is marginally higher at 8.7 per cent, the downward pressure emanates from petroleum-related commodity groups namely, fuel and light, and transport and communication services. * Urban demand slows down for FMCG products as rural picks up steam* Rural demand has overtaken urban demand in the quarter, but urban demand, which was driving fast-moving consumer goods sales, is now starting to witness a slowdown. According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected. “In fact, urban has considerably slowed down. It was growing at 5.6 per cent in the fourth quarter of calendar year (CY) 2023; however, that dropped to 4.7 per cent (January-March),” K Ramakrishnan, managing director, South Asia, Kantar Worldpanel, said. In its outlook for the year, Ramakrishnan stated, “We expect growth to be muted for another quarter at least, led by urban slowdown. However, rural seems certainly on a path of revival, as can be noted, and if we see a solid performance from rural, it is likely to bring back growth towards the second half of the year.” In non-food, personal care continues to grow at a faster clip at 4.8 per cent in January-March compared to 3.5 per cent in the corresponding quarter last year, and this comes on the back of shampoos, talcum powder, rubs and balms, and hair colour witnessing higher demand in the quarter. * Global market action* Dow Jones – Down by 0.08% or 32.14 points FTSE – Down by 0.22% or 18.77 points CAC – Down by 0.12% or 9.86 points DAX – Down by 0.16% or 30.63 points Gift Nifty – Up by 0.43% or 95.00 points *FII/DII activities* FII – Sold 4498.92Cr worth of shares DII – Bought 3562.75Cr worth of shares. *Stocks with high delivery Percentage* Sundaram Fasteners Ltd – 90.2% Westlife Foodworld Ltd – 88.6% V-Mart Retail Ltd – 88.5% Pfizer Ltd – 87.8% Prince Pipes & Fittings Ltd – 87.3% *Primary market activities* Listing today Finelistings Technologies Ltd (BSE SME) – Subscribed 37.44x Winsol Engineers Ltd (NSE SME) – Subscribed 682.14x Refractory Shapes Ltd (NSE SME) – Subscribed 255.08x *Commodities updates* Gold – Rs 74235/10gm, Silver – Rs 84874/kg, Brcrude – Rs 6603/barrel, Copper – Rs 883.5/kg. *Corporate News* TCS announces creation of Global AI Center of Excellence in Paris. ICICI Securities breached shareholder privacy rules: Shareholders tell NCLT. DLF Q4 results: Net profit up 62% at Rs 920 cr, total income at Rs 2,316 cr.

Morning Alert.. *FPIs withdraw Rs 17,000 cr from equities in May over political uncertainty* Foreign investors pulled out a massive Rs 17,000 crore from Indian equities in the first 10 days of the month owing to general election and the uncertainty surrounding its outcome coupled with expensive valuations and profit booking. This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Looking ahead, post-general elections, corporate India's strong financial performance in Q4 FY24 is anticipated to be rewarded. While FPIs may adopt a cautious stance until the election results are clear, favourable outcomes and established political stability could see their return in significant numbers, Trivesh D, COO at Tradejini, said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) experienced a net outflow of Rs 17,083 crore in equities this month (till May 10). There are multiple reasons behind this aggressive selling by FPIs. With the ongoing general election and the uncertainty surrounding its outcome, investors are wary to enter the markets before the election results, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. * Global market action* Dow Jones – Down by 0.12% or 47.73 points FTSE – Up by 0.63% or 52.41 points CAC – Up by 0.38% or 31.49 points DAX – Up by 0.46% or 86.25 points Gift Nifty – Down by 0.10% or 23.00 points *FII/DII activities* FII – Sold 2117.50Cr worth of shares DII – Bought 2709.81Cr worth of shares. *Stocks with high delivery Percentage* GR InfraProjects Ltd – 94.5% Metro Brands Ltd – 89.7% Galaxy Surfactants Ltd – 89.1% AIA Engineering Ltd – 88.5% Radico Khaitan Ltd – 87.1% *Primary market activities* IPOs opening today Indian Emulsifer Ltd (NSE SME) – Issue size 42.39Cr Mandeep Auto Industries Ltd (NSE SME) – Issue size 25.25Cr Vertiaas Advertising Ltd (NSE SME) – Issue size 8.48Cr Listing today Indegene Ltd (Main board) – Subscribed 70.30x *Commodities updates* Gold – Rs 74850/10gm, Silver – Rs 84984/kg, Brcrude – Rs 6552/barrel, Copper – Rs 870.70/kg. *Corporate News* Over 250,000 Infosys employees are trained in GenAI: CTO Tarafdar. Tata Power to sell green energy to group companies, MNCs: Praveer Sinha. SBI to hire over 15,000 in FY25 to boost operations, expand network.

Morning Alert.. *Markets log biggest drop in 4 months; Sensex ends 1,062 points lower* Benchmark indices posted their biggest decline in nearly four months as foreign portfolio investors (FPIs) intensified their selling amid uncertainty around general elections in India and rate cuts at the US central bank. The Sensex ended the session at 72,404, with a decline of 1,062 points, or 1.5 per cent, its biggest fall since January 2023. The Nifty closed at 21,958, following a decline of 355 points, or 1.5 per cent. The index finished below its 100-day moving average (DMA), seen as a critical support, for the first time since November 13, 2023. FPIs sold shares worth nearly Rs 7,000 crore, their biggest single-day pullout in nearly a month. “Results have been a mixed bag with a fair share of downside rather than upsides in earnings. The corporate results haven’t surpassed expectations. Valuations are becoming more stretched. Analysts are cutting target prices or reducing their position from buy to hold. And some are becoming positive about China, and maybe some are taking money out of India to China,” said Andrew Holland, chief executive officer of Avendus Capital Alternate Strategies. * Global market action* Dow Jones – Up by 0.05% or 18.58 points FTSE – Up by 0.33% or 27.30 points CAC – Up by 0.69% or 56.24 points DAX – Up by 1.02% or 188.22 points Gift Nifty – Up by 0.18% or 39.50 points *FII/DII activities* FII – Sold 6994.86Cr worth of shares DII – Bought 5642.53Cr worth of shares. *Stocks with high delivery Percentage* Indigo Paints Ltd – 93.1% Vinati Organics Ltd – 92.3% AIA Engineering Ltd – 91.8% Sapphire Foods Ltd – 91.5% La Opala RG Ltd – 89.9% *Primary market activities* IPOs opening today ABS Marine Services Ltd (NSE SME) – Issue size 96.29Cr Premier Roadlines Ltd (NSE SME) – Issue size 40.36Cr Aztec Fluids & Machinery Ltd (BSE SME) – Issue size 24.12Cr Piotex Industries Ltd (BSE SME) – Issue size 14.47Cr Listing today Slone Infosystems Ltd (NSE SME) – Subscribed 667.81x *Commodities updates* Gold – Rs 73480/10gm, Silver – Rs 84575/kg, Brcrude – Rs 6603/barrel, Copper – Rs 860/kg *Corporate News* PNB Q4 result: Profit jumps nearly three-fold to a 16-quarter high. Asian Paints Q4 results: Net profit rises 1.8%, misses estimates. Paytm denies claims on its lending partners invoking loan guarantees.

*Closing Bell:* • Sensex: 72404.17(-1062.22) • Nifty 50: 21957.50( -345.00) • Nifty bank: 47487.90 (-533.20) *Nifty top 5 Gainers:* • Heromoto: 4,764.90 (+151.00) • Tata Motors :1,030.30 (+18.20) • M&M: 2,212.55 (+30.15) • Bajaj Auto: 8,846.85 (+97.45) • SBI: 819.80(+9.00) *Nifty top 5 losers:* • Larsen: 3,275.45 (-211.40) • Asian Paints: 2,710.10 (-133.20) • BPCL: 592.15 (-28.15 ) • Coal India: 443.50 (-20.95 ) • ONGC: 265.25 (-11.60)

Ready to hit 219🚀🚀🚀

UNIVASTU INDIA has given dream move after 2 years consolidation Look at weekly chart of UNIVASTU INDIA. Stock was in consolidation range between 2022-2024. price range was 100-130. This year after breaking this consolidation range stock has shown dream run. Now it has cross it's long term trendline which indicates more move will come. Now stock has resistance near 225/250 levels Down side support exists near 175 levels

Ready to hit upper circuit 🚀🚀🚀🚀🚀🚀🚀

Morning Alert.. *RBI asks NBFCs to stick to gold loan cash payout cap of Rs 20,000* India's central bank on Wednesday warned some non-bank lenders against disbursing cash loans in excess of the permissible limit of 20,000 rupees ($240), according to two sources and a letter seen by Reuters, a move that is likely to stop large cash payouts to those borrowing against gold. The central bank's advisory comes within weeks of regulatory action against IIFL Finance, India's second-largest gold loan player, for violation of cash disbursal and other norms. Retail credit in India has been growing at a rapid clip, with loans against gold rising threefold over the last four years. A significant portion of gold loans are being disbursed in cash, at least a dozen sources told Reuters. None of the sources wished to be identified as they are not authorised to speak with the media. India prohibits lenders from handing out cash loans in excess of 20,000 rupees to customers, as per income tax rules. Non-bank finance companies (NBFC) have been flouting this rule and have been handing over large cash loans by asking customers to sign an 'indemnity' for accepting liability against income-tax actions, sources told Reuters. * Global market action* Dow Jones – Down by 0.09% or 35.49 points FTSE – Up by 0.49% or 40.38 points CAC – Up by 0.69% or 55.73 points DAX – Up by 0.37% or 68.33 points Gift Nifty – Down by 0.04% or 9.50 points *FII/DII activities* FII – Sold 6669.10Cr worth of shares DII – Bought 5928.81Cr worth of shares. *Stocks with high delivery Percentage* ZF Commercial Vehicles Control System Ltd – 92.9% P&G Health Ltd – 92.4% Five Star Business Finance Ltd – 88.8% Kajaria Ceramics Ltd – 88.1% PI Industries Ltd – 86.7% *Primary market activities* IPO opening today Energy-Mission Machineries (India) Ltd (NSE SME) – Issue size 41.15Cr *Commodities updates* Gold – Rs 73655/10gm, Silver – Rs 82953/kg, Brcrude – Rs 6589/barrel, Copper – Rs 855.20/kg. *Corporate News* Hero MotoCorp Q4 result: Net profit increases by 16.4% to Rs 943 crore. Zomato starts crowd-supported weather infrastructure network: CEO Goyal. BSE Q4 results: Net profit at Rs 107 crore, announces dividend of Rs 15.

*Closing Bell:* • Sensex: 73466.39(-45.46) • Nifty 50: 22302.50 • Nifty bank: 48021.10(-264.25) *Nifty top 5 Gainers:* • Heromoto: 4,613.90(+137.15) • BPCL : 620.30(+ 16.00) • Tata Motors: 1,012.10 (+23.55) • Power Grid Corp: 302.00 (+6.75) • Hindalco: 633.50 (+13.30) *Nifty top 5 losers:* • Dr.reddy: 6,056.35 (-201.25) • Asian Paints: 2,843.30 (-69.70 ) • Grasim: 2,377.35 (-43.65) • UltraTechCement: 9,519.40 (-163.00) • SBI Life Insura: 1,426.75 (-23.40)

Hit upper circuit

Hit high 204🚀🚀🚀🚀

Ready to hit 210🚀 tomm

Ready to break 201🚀🚀

BTST PLAYERS STRONG MOMENTUM UNIVASTU INDIA CMP 198 / 202 TEST RESISTANCE 210 SUPPORT SL 188

*Good Morning* *News Headlines from Business News Agencies :* *Business Standard :* 📝 Sebi rejects NSE's proposal to extend trading hours for equity derivatives 📝 Dr Reddy's Q4 results: Net profit rises 36% to Rs 1,307 cr, revenue up 12% 📝 FY25 poised to be the best year for Happiest Minds since IPO: Ashok Soota 📝 Iraq closes gap with Russian oil in FY24 as Moscow's discounts shrink 📝 GreenCell Mobility gets Rs 300 crore credit from SMBC for UP e-bus project 📝 Govt, industry must work together to reduce import dependence: Pharma secy 📝 Japanese steelmaker JFE eyes overseas investments amid slower profit growth 📝 April fuel consumption rises by 6.1% year-on-year: Oil ministry data 📝 BP Q1 results: Net profit slides 40% to $2.7 billion, misses forecasts 📝 IDBI Bank gets Rs 2.97 crore GST demand order from Dehradun officials 📝 Pvt sector investment in FY23 fell to Covid-year levels, govt's share up *Economic Times :* 📝 India's toy exports slip to $152.34 mn in 2023-24; need strategy to push it: GTRI report 📝 AMPIN Energy Transition secures $35 million funding 📝 Drone-based agritech startup BharatRohan raises $2 million in pre-IPO round 📝 Muthoot Microfin looking to raise $50 million in ECB 📝 Okaya EV MD Anshul Gupta reveals company's future strategy, says not in a price war with Ola 📝 Log analytics firm Parseable raises $2.75 million from Peak XV's Surge 📝 China’s economic forays in Central Asia gives rise to discomfiture in Moscow 📝 Namdev Finvest's assets under management cross Rs 1,200 cr-mark in FY24 📝 Plant-based specialty product maker Sanstar gets Sebi nod for an IPO 📝 Waaree Energies appoints Amit Paithankar as CEO 📝 ICRA predicts moderate credit flow in FY25, bond issuance likely to rise to Rs 10.6 lakh crore *Mint :* 📝 FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ 📝 Hinduja's IIHL proposes changes to corporate structure in RCap takeover 📝 Disney pares streaming losses, takes hit from India deal 📝 Sonata Software Q4 result: Revenue down 12.1% at ₹2,191.6 crore 📝 Indegene IPO sails through smoothly on Day 2; oversubscribed at 7.35x 📝 Jaiprakash Associates defaults on ₹4,616 crore loan amid restructuring efforts 📝 JSW to launch 60,000-tonne lithium-ion cell project with Chinese tech partner 📝 Godrej Properties places building blocks for FY25, but may stumble 📝 India's IIFL Finance facing liquidity crunch after gold loan business curbs 📝 Latent View Q4 result: PAT up 32.2% at ₹ 45.2 crore 📝 Dixon Electro signs agreement with Nokia for development & manufacturing of telecom products

Morning Alert.. *FMCG companies move fast on volume growth while rural beats urban* Volume growth seems to be the latest mantra in the fast-moving consumer goods (FMCG) sector. This coincides with rural outpacing urban consumption in volume terms for the first time in five quarters, according to the NielsenIQ January-March data. While focussed on volume, FMCG companies are also looking at increasing advertising spends in order to grow their brands. Consumer goods major Hindustan Unilever (HUL) told its investors post its earnings call recently that its focus remains on driving competitive volume-led growth across its businesses. “We want to continue driving gross margin improvement. Even in this quarter, when we delivered a 23.4 per cent EBITDA (earnings before interest, tax, depreciation and amor­tisation), you saw a very strong 350 bps gross margin improvement. A large part of that got invested into advertising & promotion spends (A&P),” Ritesh Tiwari, chief financial officer at HUL, said. *In FY23, investments in mining, construction and manufacturing fell* Gross capital formation (GCF) — or investment — in manufacturing, construction, and mining sectors contracted in FY23 primarily due to a fall in export demand and low private consumption during the year, an industrywise analysis of the National Accounts Statistics 2024 data showed. The Ministry of Statistics and Programme Implementation (MoSPI) had released the data on Monday. The fall in GCF in the three sectors comes at a time when overall GCF in the economy grew by 6.9 per cent to Rs 55.3 trillion at constant prices in the financial year ended March 31, 2023 (FY23). GCF is a broad measure of investment in an economy and represents total value of physical assets including fixed assets, inventories and valuables. On the other hand, gross fixed capital formation (GFCF) is a narrow measure of investment in the economy and excludes inventories, or acquisitions of valuables. Real manufacturing GFC that contracted 5.4 per cent to Rs 9.4 trillion could be attributed to “subdued manufacturing growth” during the year as capacity utilisation was low and firms had less incentive to invest, said economists. * Global market action* Dow Jones – Down by 0.12% or 45.81 points FTSE – Up by 1.22% or 100.18 points CAC – Up by 0.99% or 79.04 points DAX – Up by 1.40% or 254.84 points Gift Nifty – Up by 0.01% or 2.50 points *FII/DII activities* FII – Sold 3668.84Cr worth of shares DII – Bought 2304.50Cr worth of shares. *Stocks with high delivery Percentage* KPR Mills – 93.4% ESAB India – 92% SKP India – 90% Timken India – 89.9% RHI Magnesite India – 89.2% *Primary market activities* TBO Tek Ltd (Main board) – Issue size 1550.81Cr Aadhar Housing Finance Ltd (Main board) – Issue size 3000Cr TGIF Agribusiness Ltd (BSE SME) – Issue size 6.39Cr Listing today Storage Technologies and Automation Ltd (BSE SME) – Subscribed 278.82x Amkay Products Ltd (BSE SME) – Subscribed 748.03x Sai Swami Metals & Alloys Ltd (BSE SME) – Subscribed 543.72x *Commodities updates* Gold – Rs 73665/10gm, Silver – Rs 82831/kg, Brcrude – Rs 6576/barrel, Copper – Rs 864.05/kg. *Corporate News* Paytm's UPI transactions fall for 3rd straight mth, market share contracts. Axis Bank to bring in expats in latest move to woo global companies. FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota.

https://www.moneycontrol.com/news/business/markets/nse-to-conduct-live-trading-session-on-may-18-with-disaster-recovery-switch-12716705.html

*Closing Bell:* • Sensex: 73511.85(-383.69) • Nifty 50: 22302.50( -140.20) • Nifty bank: 48285.35 (-609.95) *Nifty top 5 Gainers:* • HUL: 2,379.40 (+123.20) • Tech Mahindra: 1,292.45 (+30.20) • Britannia: 5,173.85 (+112.25) • Nestle: 2,508.65 (+51.25) • TCS: 3,978.95 (+57.90) *Nifty top 5 losers:* • Bajaj auto: 8,677.90 (-374.65) • Power Grid Corp: 295.25 (-11.60 ) •ONGC: 273.60 (-8.55) • IndusInd Bank: 1,452.55 (-44.95 ) • Hindalco: 620.20 (-18.60)

Ready to break 209🚀

Ready to Hit Upper Circuit 210.95

Ready to Hit 209🚀

UNIVASTU INDIA has given dream move after 2 years consolidation Look at weekly chart of UNIVASTU INDIA. Stock was in consolidation range between NaN. price range was 100-130. This year after breaking this consolidation range stock has shown dream run. Now it has cross it's long term trendline which indicates more move will come. Now stock has resistance near 225/250 levels Down side support exists near 175 levels

*News Headlines from Business News Agencies:* *Business Standard* 📝 Investors pull $9.9 billion from hedge funds in March: NASDAQ eVestment 📝 Wipro, Microsoft team up for AI virtual assistants for financial services 📝 Marico Q4FY24 results: Net profit up 5% at Rs 318 cr, revenue rises 1.7% 📝 Elections will not have impact on CV sales: Ashok Leyland MD & CEO 📝 Quadria Capital acquires minority stake in NephroPlus for $102 million 📝 India's airlines to have 50% mkt share of int'l passengers by FY28: CRISIL 📝 FirstCry's parent company Brainbees Solutions re-files documents for IPO 📝 India and Ghana agree to operationalise UPI link within six months 📝 Indian Bank Q4 results: Net profit jumps 55% to Rs 2,247 crore, NII up 9% 📝 Petrobras loads diesel from RIL on crude tanker in India after delay 📝 Investments through P-note surge to near 6-yr high at Rs 1.5 trillion 📝 Coromandel expands agtech footprint, increases shareholding in Ecozen *Economic Times* 📝 Railways clocks 1.46% higher freight loading in April 2024 📝 Marico eyes foods portfolio to be 2x of current scale in FY27 📝 Zee Media Corporation terminates CEO Abhay Ojha 📝 SBI invested Rs 714 crore in TCG’s Gurugram project 📝 CBAM, permanent establishment rules, transfer pricing key in India’s outbound FDI: EY 📝 We expect strong momentum to continue in business: Warren Harris, Tata Tech 📝 VST Zetor launches new range of tractors 📝 Sterlite Power names Reshu Madan as CEO of global products, services business 📝 RITES to undertake safety assessment of Vande Bharat trains 📝 Growing online enrolments, rising tuition fee to drive revenue for education sector: Ind-Ra 📝 CarTrade Tech Q4 PAT grows 43% YoY, recorded highest revenue 📝 Hero Realty bags Indian Green Building Council's Gold Rating for green project *Mint* 📝 KKR wins bidding war to acquire medical devices firm Healthium 📝 India Bank Q4 Result: NII up 9.2% at ₹6,015 crore 📝 Gujarat Gas appoints Rajesh Sivadasan as CFO of the company 📝 India’s services sector is still booming, but signs of weakness are visible 📝 Jack Dorsey leaves Bluesky board, calls X ‘Freedom Technology’ 📝 PwC India unveils a suite of GenAI-enabled products for CFOs 📝 Singtel-owned Optus names broadband network boss Stephen Rue as new CEO 📝 Lupin gets US FDA approval for Travoprost Ophthalmic Solution USP 📝 CG Power Q4 PAT down 45%, EBITDA margin stood at 13% 📝 KuCoin Introduces Lifeform in Its 27th Spotlight IEO, Pioneering Decentralized 📝 Bajaj Healthcare appoints Dayashankar Patel as CFO of the company

Ready to break above 205🚀🚀🚀

Near to open lower circuit 🚀🚀🚀🚀

Ready to open lower circuit

Strong Performer Stock ( Corrected Due to Esm 1 ) UNIVASTU INDIA CMP 189 TEST RESISTANCE 225 / 250 / 280 SL 150 READY TO OPEN LOWER CIRCUIT

Morning Alert.. *RBI provisioning norms singe PSU banks, infrastructure financers* Shares of the state-owned banks and project financers plunged on Monday, days after the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-construction projects. Shares of Power Finance Corporation (PFC) and REC fell the most at 9 per cent and 7.5 per cent, respectively. The Nifty PSU Bank index slumped 3.7 per cent with Punjab National Bank (PNB) leading the fall at 6.4 per cent. Canara Bank and Bank of Baroda were other major losers. Top lender State Bank of India (SBI) fell nearly 3 per cent. The RBI on Friday released a draft circular on project financing in a bid to strengthen balance sheets. Under the proposed norms, lenders will have to make provisions of up to 5 per cent of the outstanding exposures under construction projects. This would reduce to 2.5 per cent once the asset was operational. It would decline further to 1 per cent when 20 per cent of the loans are repaid and the project has the adequate cash flow to repay current obligations. The circular covers not just project financing but also commercial real estate financing for all lenders. More importantly, the guidelines are to be applicable immediately and will include the current outstanding exposure. * Global market action* Dow Jones – Up by 0.43% or 166.93 points FTSE – Up by 0.51% or 41.34 points CAC – Up by 0.49% or 39.07 points DAX – Up by 0.96% or 173.61 points Gift Nifty – Up by 0.00% or 0.00 points *FII/DII activities* FII – Sold 2168.75 Cr worth of shares DII – Bought 781.39 Cr worth of shares. *Stocks with high delivery Percentage* Garware Technical Fibres Ltd – 96.4% P&G Hygiene & Healthcare Ltd – 95.8% SKF India Ltd – 90.3% Vinati Organics Ltd – 90.2% Elgi Equipments Ltd – 86.1% *Primary market activities* IPOs opening today Silkflex Polymers (India) Ltd (NSE SME) – Issue size 18.11Cr Finelistings Technologies Ltd (BSE SME) – Issue size 13.53Cr *Commodities updates* Gold – Rs 73795/10gm, Silver- Rs 83000/kg, Brcrude – Rs 6538/barrel, Copper – Rs 866.40/kg. *Corporate News* Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit. Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore. Coromandel expands agtech footprint, increases shareholding in Ecozen.

Aartech Solonic The stock after a tremendous performance of fantastic back to back returns has entered ESM : Stage 2 which also gives you opportunity to accumulate from lower levels. The fundamentals and the growth story will remain constant, no need to panic, accumulate with the opportunity from the lower levels.

Morning Aert.. *Global biofuel alliance sets up three-pronged work plan, says govt* The Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops, petroleum and natural gas ministry officials said. These were adopted as immediate goals at a key meeting of the body held on the sidelines of the G20 deliberations in Brazil last month. And, the officials added that the GBA has decided to take stock of them in July. “India has also suggested three potential workstreams to support biofuel trade, increase awareness in biofuels, and identify support mechanisms for enhanced adoption of biofuels,” an official said. Launched on the sidelines of the 2023 G20 summit in New Delhi, the GBA aims to reshape the global landscape and expedite uptake of biofuels worldwide. It also hopes to set standards for biofuel, expand the size of formal biofuel markets and better map demand and supply. The India-led initiative has seen 24 countries signing up so far, with special interest generated among African nations. Apart from G20 member South Africa, non-G20 nations like Kenya and Uganda are on the list, while Tanzania is keen on joining, sources said. *Govt announces bond buyback: Short-term yields to soften, liquidity to ease* The Centre's decision to repurchase short-term government bonds, maturing within 6-9 months, is expected to lower the yields and ease liquidity conditions, said market participants. On Friday, the Reserve Bank of India (RBI) had announced its plan to repurchase securities worth Rs 40,000 crore. The securities scheduled for buyback include G-Secs 6.18 per cent 2024, 9.15 per cent 2024, and 6.89 per cent 2025, according to RBI's release. Notably, there is no specified amount for individual securities, and the auction process will employ the multiple price method, said the RBI. The auction will be conducted on Thursday. This kind of repurchase was last seen in March 2018. The decision came amid observations that while government spending surged between February and April, there is an anticipation of a slowdown leading up to the June election results. * Global market action* Dow Jones – Up by 0.10% or 39.45 points FTSE – Up by 0.51% or 41.34 points CAC – Up by 0.54% or 42.92 points DAX – Up by 0.59% or 105.10 points Gift Nifty – Up by 0.47% or 106.00 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* AIA Engineering Ltd – 92.7% Ratnamani Metals & Tubes Ltd – 87.4% Endurance Technologies Ltd – 87% TTK Prestige Ltd – 86.5% Timken India Ltd – 85.3% *Primary market activities* IPOs opening today Winsol Engineers Ltd (NSE SME) – Issue size 23.36Cr Refractory Shapes Ltd (NSE SME) – Issue size 18.60Cr Indegene Ltd (Main board) – Issue size 1841.76Cr *Commodities updates* Gold – Rs 73330/10gm, Silver – Rs 81060/kg, Brcrude – Rs 6542/barrel, Copper – Rs 855.15/kg. *Corporate News* IIHL sets sights on $50 bn valuation by 2030: Chairman Ashok Hinduja. M&M Finance Q4FY24 results: Net profit declines 10% to Rs 619 crore.

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