StockReport Archive

Newsletter: 11th Jun 2025

Texmaco Bags Railway Deal

Aaj Ka Bazaar

US markets extended their gains with all major indices closing in the green, supported by cautiously optimistic sentiment ahead of the U.S.–China negotiations. The talks concluded post-market with both sides agreeing to implement a framework based on the Geneva truce. However, markets remain wary as the success of the agreement depends on key implementation details, a concern reflected in U.S. futures, which are trading slightly lower. This cautious tone has also carried over to Asian markets, where the Nikkei and Hang Seng posted modest gains. On the domestic front, sentiment remains subdued, with GIFT Nifty indicating a modest gap-up at open, suggesting investors are in a wait-and-watch mode until the agreement receives formal endorsement from both governments. Meanwhile, liquor stocks may likely be under light activity after the Maharashtra government approved a significant hike in excise duties and introduced reforms aimed at tighter control and improved tax collection.

Markets Around Us

BSE Sensex – 82,492.33 (0.12%)

Nifty 50 – 25,133.40 (0.12%)

Bank Nifty – 56,509.05 (-0.21%)

Dow Jones – 42,783.46 (-0.19%)

Nasdaq – 19,714.99 (0.63%)

FTSE – 8,853.08 (0.23%)

Nikkei 225 – 38,372.24 (0.42%)

Hang Seng – 24,384.91 (0.92%)

Sector: Industrial Product

Texmaco Secures ₹44-Cr Railway Contract

Texmaco Rail & Engineering has won a ₹44.04 crore contract from Mumbai Railway Vikas Corporation (MRVC) for a major railway infrastructure project. The order involves supplying, building, installing, testing, and commissioning electrical equipment for the Central Railway’s 3rd and 4th lines. Specifically, Texmaco will set up a 1X25 kV traction substation with 40/56 MVA transformers, along with two sectioning posts and supporting systems. This setup is crucial for managing high-voltage electric power used to run trains efficiently and safely. The entire project is expected to be completed within 18 months. This deal strengthens Texmaco’s position in the railway electrification segment and reflects strong government spending on rail infrastructure, a positive sign for both investors tracking the stock and young professionals eyeing India’s growing transportation sector.

Why it Matters:

This order highlights growing government investment in railway infrastructure, boosting companies like Texmaco. It strengthens Texmaco’s role in the electrification space, potentially leading to more contracts. For investors, it signals steady revenue visibility and long-term growth opportunities.

NIFTY 50 GAINERS

COALINDIA – 406.25 (1.68%)

RELIANCE– 1461.60 (1.61%)

ONGC – 850.95 (1.71%)

NIFTY 50 LOSERS

SHRIRAMFIN – 690.60 (-1.40%)

GRASIM – 2680.30 (-1.02%)

JIOFIN – 299.90 (-0.96)

Sector : Microfinance Institutions

CreditAccess Grameen Secures $100M Social Loan

CreditAccess Grameen has raised $100 million through a multi-currency social loan from a group of banks across South Asia and the Far East. The loan is in both Japanese Yen and US Dollars and falls under the RBI’s automatic route for External Commercial Borrowings (ECBs). The funds will be used to support various social development projects aligned with the company’s mission to promote inclusive and sustainable growth in underserved communities. This move not only helps CreditAccess expand its impact but also shows strong confidence from international lenders. For professional traders, it signals robust funding and future growth potential for the company, while for young professionals, it’s a great example of how finance can power social change.

Why it Matters:

This funding strengthens CreditAccess Grameen’s ability to support social development in underserved areas, boosting its long-term impact. It also reflects growing trust from global banks in India’s microfinance sector. For investors, it signals financial stability and strong growth prospects.

Around the World

Asian currencies and the U.S. dollar remained mostly flat on Wednesday as investors waited for more clarity on two key events. First, U.S. and Chinese officials wrapped up trade talks in London, agreeing on a basic deal to reduce tensions. The deal could lead to China easing export limits on rare earth minerals and the U.S. softening curbs on tech exports, but it still needs approval from Presidents Trump and Xi. Despite this progress, currency markets didn’t move much since no concrete tariff cuts were announced. The U.S. Dollar Index rose slightly by 0.1%, and most Asian currencies, including the yuan, yen, rupee, and won, showed little change. Investors are also waiting for the U.S. inflation report, which will offer clues about whether the Fed will adjust interest rates. For traders, this means staying cautious as markets remain sensitive to policy signals and global trade developments.

Option Traders Corner

Max Pain

Nifty 50 – 25100

Bank Nifty – 56000

Nifty 50 – 25119 (Pivot)

Support – 25,040, 24,975, 24,896

Resistance – 25,183, 25,263, 25,327

Bank Nifty – 56736 (Pivot)

Support – 56,457, 56,284, 56,005

Resistance – 56,908, 57,187, 57,359

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Printing Money Just Got Costlier

Did you know the RBI will spend ₹6,372.8 crore on security printing in 2024-25? That’s a 25% jump from last year’s ₹5,101.4 crore all driven by the rising demand for banknotes. Yes, even printing money comes with a heavy price tag!

Newsletter: 10th Jun 2025

Protean Bags ₹100 Cr Deal

Aaj Ka Bazaar

The US markets ended marginally higher on Monday, buoyed by gains in tech giants Amazon and Alphabet, as investors closely monitored ongoing US-China trade negotiations, which have now been extended by another day—signaling potential progress. On the Asian front, sentiments remain upbeat with Nikkei and Hang Seng trading firmly in the green, tracking positive global cues and optimism around easing geopolitical tensions. Back home, the Indian equity markets are likely to extend their gains, with GIFT Nifty indicating a positive start. The momentum is supported by favorable global sentiment and anticipation of constructive outcomes from the US-China dialogue. On the sectoral front, defense will be in focus today amid report that the Indian Army is expected to get Rs. 30,000-crore boost with a new surface-to-air missile system, which will be cleared for acquisition by the Ministry of Defence.

Markets Around Us

BSE Sensex – 82,476.35 (0.04%)

Nifty 50 – 25,129.55 (0.12%)

Bank Nifty – 56,754.10 (-0.15%)

Dow Jones – 42,899.82 (0.33%)

Nasdaq – 19,591.24 (0.31%)

FTSE – 8,832.28 (-0.06%)

Nikkei 225 – 38,473.43 (1.01%)

Hang Seng – 24,232.91 (0.19%)

Sector: IT Services

Protean to digitize insurance marketplace operation

Protean eGov Technologies has won a major ₹100 crore contract from the Bima Sugam India Federation (BSIF) to build and manage the Bima Sugam Marketplace – a new digital platform for insurance services. Chosen through a formal bidding process, Protean will be responsible for developing the technology, handling platform integration, and providing ongoing support and maintenance. This platform aims to simplify and unify insurance services in India. Known for its experience in building large digital systems for the government, Protean will help ensure the platform runs smoothly and follows all required protocols. This deal highlights Protean’s growing role in India’s digital transformation, especially in public infrastructure projects that impact millions of users. For both traders watching government tech contracts and young professionals exploring fintech, this is a key move in building a more accessible and efficient insurance ecosystem in India.

Why it Matters:

This deal positions Protean at the core of India’s digital insurance revolution, handling a ₹100 crore tech project for Bima Sugam. It strengthens the company’s role in public digital infrastructure and opens doors in the fast-growing insuretech space. For traders and young investors, it signals confidence in government-backed digital platforms and long-term growth potential.

NIFTY 50 GAINERS

GRASIM – 2719.90 (4.27%)

BEL– 400.20 (1.97%)

INDUSINDBK – 850.95 (1.71%)

NIFTY 50 LOSERS

ICICIBANK – 1418.10 (-1.16%)

ETERNAL – 254.91 (-0.75%)

BAJAJFINSV – 2002.50 (-0.74)

Sector : Civil Construction

ITD cementation secures ₹893 Cr odisha project

ITD Cementation India Ltd. has secured a major contract worth ₹893 crore in Odisha. The project includes building a berth and breakwater for developing greenfield captive jetties, as mentioned in its stock exchange filing. ITD Cementation is known for handling large-scale infrastructure and EPC projects, with expertise across maritime structures, metro systems, airports, tunnels, dams, highways, and industrial buildings. The company has a strong presence in both public and private sector projects across India. Looking ahead, ITD Cementation is aiming for a 25–30% increase in revenue this financial year. Alongside growth, the company is also working on improving profitability through better cost control and margin expansion. This contract win adds to its strong order book and signals continued momentum in India’s infrastructure space, especially in maritime and logistics development, which traders and young investors should watch for potential long-term gains.

Why it Matters:

This ₹893 crore project strengthens ITD Cementation’s order book and showcases its expertise in maritime infrastructure. It signals strong growth potential, especially as the company targets a 25–30% revenue jump this year. For traders and investors, it’s a positive indicator of earnings visibility and sector momentum.

Around the World

Asian stock markets moved higher on Tuesday, driven by optimism around U.S.-China trade talks. Reports suggested that President Trump might ease chip export restrictions to China, which boosted confidence in technology stocks. The S&P 500 Futures rose 0.5% in Asian trading, and key Chinese indices like the CSI 300 and Shanghai Composite also edged up. Japanese markets gained after strong GDP data, with the Nikkei 225 rising 1%. South Korea’s KOSPI continued its rally post-election, and Australia’s ASX 200 neared record highs. Despite trade hopes, weak Chinese economic data, including lower exports and slower inflation, limited some gains. Investors are also eyeing the upcoming U.S. inflation data on Wednesday. For traders and young investors, the overall tone remains cautiously optimistic, especially for tech and export-driven sectors in Asia, though global economic data could shift sentiment quickly.

Option Traders Corner

Nifty 50 – 25250

Bank Nifty – 56000

Nifty 50 – 25113 (Pivot)

Support – 25,066, 25,030, 24,983

Resistance – 25,149, 25,196, 25,232

Bank Nifty – 56893 (Pivot)

Support – 56,738, 56,637, 56,481

Resistance – 56,995, 57,150, 57,251

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Printing Money Just Got Costlier

Weekly Report: 09th Jun 2025

Weekly Trend Report

Week Gone By

The key equity indices posted significant gains this week, driven by the Reserve Bank of India’s surprise 50 basis points rate cut and a shift in its monetary policy stance from accommodative to neutral. The easing inflation outlook and strong Q4 FY25 GDP growth of 7.4% boosted investor confidence, signaling a stable and supportive economic environment. Broader markets outperformed, reflecting renewed optimism around domestic demand and lower borrowing costs. Despite global headwinds and geopolitical concerns, sentiment remained upbeat as macroeconomic indicators pointed toward a healthy growth-inflation balance. In US, the US ISM Manufacturing PMI edged down to 48.5 in May from 48.7, marking the lowest reading since November. This marks the third straight month of contraction, with underlying components still signaling broad-based weakness.

Week Ahead

Market heads into the new week riding high on the RBI’s unexpectedly bold move, a 50 basis point rate cut that landed like confetti on Dalal Street. While the surprise CRR cut added extra cheer, the central bank’s lower inflation forecast (now 3.7% for the year, down from 4%) and steady confidence in growth have further sweetened the mood. The move is being read as front-loading of policy action, even though the stance turned a tad more cautious. Traders are already adjusting their lenses, rotating into rate-sensitive names like banks, NBFCs, and autos, while themes like railways continue to chug along with investor interest. India’s retail inflation data for May will release on Thursday, 12 June 2025. The annual inflation rate in India fell to 3.16% in April of 2025, the lowest since July of 2019, from 3.34% in the previous month. On the global cues, China’s inflation and trade data for May will release on Monday, 9 June 2025. US inflation data for May will release on Wednesday, 11 June 2025. The annual inflation rate in the US eased to 2.3% in April 2025, the lowest since February 2021, from 2.4% in March.

Technical Overview

NIFTY closed at 25,003.05, gaining 252.15 points (+1.02%), and has convincingly crossed above the psychological resistance of25,000, showing strong bullish sentiment.
Though Friday’s volume was lower than the recent high-volume sessions, the rise was supported by a positive structure, suggesting that buying interest remains intact.
The RSI is at 60.03, comfortably placed in bullish territory, indicating sustained strength. There is room for the RSI to move higher without being overbought.
The ADX stands at 29.49 with +DI above -DI, reaffirming that trend momentum is improving and bulls have an upper hand.
MACD histogram continues to print green bars, showing sustained positive momentum. No divergence signs yet, keeping the bullish structure healthy.
Price action remains above the 20-EMA and Ichimoku cloud, and the recent pullbacks are finding support near 24,550–24,600 zone, which is also near the rising average levels.
The next resistance zones are seen at 25,350 and 25,500, which align with the earlier consolidation top and Fibonacci extensions.
Immediate support is now placed at 24,700, followed by a broader base at 24,550–24,600.
NIFTY has finally managed to reclaim the 25,000 mark, which was a key hurdle in the recent sessions. For the coming week, if NIFTY sustains above 25,000, we may see aggressive call unwinding, leading to further upside toward 25,350–25,500. Support for the index is now firmly placed at the 24,700 zone. A close below that may pause the upward momentum.

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Newsletter: 05th Jun 2025

$2.5M Win for Newgen Global

Aaj Ka Bazaar

U.S. market showed mixed performance with the Nasdaq 100 rising by 0.3%, supported by strength in tech stocks, while the Dow Jones Industrial Average slipped 0.2%, pressured by weak private sector hiring data that heightened concerns over the broader economic impact of ongoing trade policy uncertainty. This slight decline in U.S. activity, was the impact of tariffs and heightened uncertainty across the economy. In the Asia-Pacific region, equity-index futures traded mixed ahead of important data releases scheduled for Friday, including inflation figures from Taiwan and the Philippines, Australian trade data, and China’s Caixin Services PMIs. Meanwhile, European markets remained in focus as the European Central Bank prepared to announce its interest rate decision later in the day, a key event for global monetary policy watchers. GIFT Nifty futures were trading 7 points higher, indicating a muted start for the bourses. In stock specific front, Newgen Software Technologies will be in focus as the company received a $2.5 million supply and implementation order from an international client to support a digital transformation initiative spanning multiple business divisions. Investors will closely monitor the RBI’s policy meeting, with expectations of a potential 25 basis point rate cut to support economic growth. Market participants will also keep an eye on global trade developments and their implications for the domestic economy.

Markets Around Us

BSE Sensex – 81,305.77 (0.38%)

Nifty 50 – 24,731.40 (0.46%)

Bank Nifty – 55,767.10 (0.16%)

Dow Jones – 42,441.04 (0.03%)

Nasdaq – 19,460.49 (0.32%)

FTSE – 8,801.29 (0.16%)

Nikkei 225 – 37,562.10 (-0.49%)

Hang Seng – 23,764.84 (0.47%)

Sector: Software & Consulting

Newgen Secure $2.5 M Global Transformation Deal

IT company, Newgen Software Technologies Ltd, on Wednesday (June 4) said it has received and accepted an international order worth $2.5 million (approximately ₹20.8 crore) for the supply and implementation of its Enterprise Workflow and Content Management System. The contract, awarded by an overseas customer, includes licensing, implementation, and support services, and will be executed over a five-year period. As part of the deal, Newgen’s solutions will be deployed to drive digital transformation across multiple business lines of the client.

Why it Matters:

This deal reinforces Newgen Software’s growing global presence and expertise in digital transformation. The $2.5 million contract showcases strong demand for its enterprise workflow and content management solutions. Spanning five years, the project highlights long-term client trust and recurring revenue potential.

NIFTY 50 GAINERS

ETERNAL – 253.46 (3.17%)

DRREDDY– 1280.70 (2.30%)

TRENT – 5596.50 (1.63%)

NIFTY 50 LOSERS

BAJFINANCE – 8930.00 (-0.63%)

BAJFINSV – 1949.70 (-0.33%)

AXISBANK – 1168.20 (-0.24)

Sector : Diversified Metal

Vedanata Seeks $500 Million Debt Refinancing

Vedanta Resources (VRL), the London-based parent of India’s Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, sources aware of the development said. These high-interest borrowings are set to mature in 2026. The proposed issuance offers investors three structures. The first tranche is ₹2,250 crore with a ₹750 crore greenshoe option, maturing in December 2027. A second option totals ₹1,000 crore with a ₹75 crore greenshoe and a three year tenor, while the third comprises ₹850 crore, maturing in two years, a company spokesperson said. The fundraising comes as Vedanta undergoes a major restructuring, spinning off its businesses into five independent, pure-play entities. The group has outlined a $4 billion investment plan over the next three years, with $1.5 billion already deployed in 2024–25 (FY25).

Why it Matters:

Vedanta’s $550 million refinancing move is crucial to manage its high-interest debt maturing in 2026 and ease financial pressure. This comes amid a major restructuring, where the group is splitting into five focused entities. With a $4 billion investment roadmap underway, refinancing ensures liquidity and investor confidence during this pivotal transition.

Around the World

Asian markets were mixed on Thursday as traders weighed weak U.S. economic data and uncertainty over trade policies. While Japan, Australia, and Singapore saw minor losses or stayed flat due to softer wage and trade data, Hong Kong and South Korea outperformed. Hong Kong’s tech-heavy Hang Seng Index rose on gains in stocks like Alibaba and Meituan, supported by optimism in U.S. tech and AI trends. South Korea’s KOSPI surged nearly 2%, driven by strong chipmaker stocks and relief after a new president was elected, ending months of political tension. Meanwhile, China’s markets lagged, with weak manufacturing data dampening the slight growth seen in services. Investors are now watching for potential stimulus measures from Beijing and a call between Trump and Xi that could revive trade talks. In India, markets stayed steady ahead of an expected rate cut by the Reserve Bank. Overall, tech stocks led gains, while macro data kept traders cautious.

Option Traders Corner

Max Pain

Nifty 50 – 24750

Bank Nifty – 55700

Nifty 50 – 24598 (Pivot)

Support – 24,552, 24,484, 24,438

Resistance – 24,666, 24,712, 24,779

Bank Nifty – 55625 (Pivot)

Support – 55,459, 55,242, 55,077

Resistance – 55,842 22, 56,008, 56,225

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Printing Money Just Got Costlier

Newsletter: 04th Jun 2025

Big Energy Plans Unfold in Rajasthan

Aaj Ka Bazaar

Wall Street indices closed higher on Tuesday, driven primarily by gains in Nvidia and other chipmakers, as investors looked ahead to potential negotiations between the United States and its trade partners for greater clarity on Washington’s tariff plans. Positive US labor market data also contributed to the upbeat sentiment. The Dow Jones Industrial Average rose 214.16 points to close at 42,519.64, the S&P 500 gained 34.43 points to reach 5,970.37, and the Nasdaq Composite added 156.34 points, ending at 19,398.96. Following the rally in US tech stocks, Asia-Pacific markets also advanced, tracking the positive momentum from Wall Street. Indian benchmark indices are expected to open on a positive note, supported by favorable global cues and the commencement of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting today. This sentiment is further reflected in the GIFT Nifty, which is trading in the green. On the stock-specific front, Wipro announced a multiyear strategic deal with Entrust, a global leader in identity-centric security solutions. As part of this agreement, Wipro will provide technology services to support Entrust’s digital transformation and growth strategy. The Indian IT major will assist in modernizing Entrust’s product development, infrastructure, and applications using advanced generative AI and analytics.

Markets Around Us

BSE Sensex – 80,770.52 (-0.01%)

Nifty 50 – 24,550.90 (0.04%)

Bank Nifty – 55,491.35 (-0.20%)

Dow Jones – 42,519.12 (0.02%)

Nasdaq – 19,398.96 (0.81%)

FTSE – 8,787.02 (0.15%)

Nikkei 225 – 37,766.18 (0.85%)

Hang Seng – 23,684.24 (0.73%)

Sector: Power

Lignite Power Projects Planned in Rajasthan

NLC India Limited (NLCIL), a Navratna Government of India enterprise, has incorporated a new joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to expand its footprint in thermal power and lignite mining sectors. The new joint venture, named “NLC Rajasthan Power Limited,” has been set up with a 74:26 equity shareholding between NLCIL and RVUNL, respectively. The company was officially incorporated on June 2, 2025, and the Certificate of Incorporation was received by NLCIL on June 3, 2025. According to the official filing made to stock exchanges, the purpose of the joint venture is to develop, operate, and maintain lignite mines and lignite-based thermal power stations in the state of Rajasthan.

Why it Matters:

This joint venture matters because it strengthens India’s energy security by boosting domestic lignite-based power production. It also deepens NLCIL’s presence in Rajasthan, a key region for energy demand. The collaboration supports the government’s push for reliable and affordable power infrastructure.

NIFTY 50 GAINERS

TATAMOTORS – 711.10 (1.90%)

BHARTIARTL– 1869.30 (1.52%)

SHRIRAMFIN – 656.85 (1.33)

NIFTY 50 LOSERS

TRENT – 5533.00 (-1.02%)

NTPC – 326.10 (-0.65%)

SUNPHARMA – 1659.20 (-0.50)

Sector : Power

Total Energies Back Adani green growth

French energy company TotalEnergies has confirmed its continued support for Adani Green Energy Ltd.’s expansion in India, according to Chairman and CEO Patrick Pouyanné. Speaking during a meeting in Paris with Indian Commerce and Industry Minister Piyush Goyal, Pouyanné said, “We are committed to continuing to support the expansion of Adani Green, which already has 14 gigawatts of capacity. We will continue to support this growth.” Minister Goyal is on a three-day official visit to France that began on June 1. AGEL currently operates 14 gigawatts of renewable energy capacity, and its partnership with TotalEnergies is expected to contribute to India’s broader renewable energy goals. Over the past five years, TotalEnergies has invested around $5 billion in India, focusing on areas such as natural gas infrastructure, city gas networks, and renewable energy installations including both solar and wind through collaborations with Adani Group companies.

Why it Matters:

This news highlights global confidence in India’s renewable energy sector, with TotalEnergies reaffirming its $5 billion commitment. Their continued support for Adani Green strengthens India’s clean energy capacity and sustainability goals. It also reinforces India-France energy collaboration on a global stage.

Around the World

Asian stock markets mostly rose on Wednesday, driven by hopes of renewed talks between the U.S. and China, which could revive trade relations. South Korea’s KOSPI led gains with a 2.4% jump after the election of a new liberal president, boosting confidence in political stability and economic support. Chinese markets also edged higher as investors focused on a potential Trump-Xi call and further stimulus measures from Beijing. Australian shares rose despite weaker GDP data, as traders bet on more rate cuts. Japan’s markets gained, although Toyota Industries fell sharply due to concerns over a buyout deal. In contrast, Singapore’s market dipped due to pressure on bank stocks. U.S. futures turned slightly negative after Trump raised tariffs on metals. Overall, optimism in technology and chip stocks, along with expectations of policy support across countries, lifted sentiment in the region. India’s Gift Nifty indicated a slight rebound after recent declines.

Option Traders Corner

Max Pain

Nifty 50 – 24600

Bank Nifty – 55600

Nifty 50 – 24629 (Pivot)

Support – 24,414, 24,286, 24,071

Resistance – 24,757, 24,972, 25,100

Bank Nifty – 55739 (Pivot)

Support – 55,316, 55,033, 54,611

Resistance – 56,022, 56,444, 56,729

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Printing Money Just Got Costlier

Weekly Report: 02nd Jun 2025

Weekly Trend Report

Week Gone By

The Indian key equity indices ended with moderate losses this week, driven by profit booking, global uncertainties, and cautious investor sentiment ahead of key economic data. The market showed strength for two days, supported by the RBI’s record Rs 2.68 lakh crore dividend payout, which eased fiscal concerns and lifted investor confidence. However, the remaining three sessions saw declines, as rising global trade tensions, and elevated valuations triggered profit booking and risk aversion. During the week, Nifty 50 ended slightly lower by 0.41% at 24,750.70, while the Sensex dropped marginally by 0.33% to settle at 81,451.01. India has overtaken Japan to become the world’s fourth-largest economy, according to IMF data cited by NITI Aayog CEO, he further stated that India may soon surpass Germany to become the third-largest economy. On the global front, U.S. federal trade court ruled that President Donald Trump exceeded his authority by imposing reciprocal tariffs on goods from over 180 countries. Although the court ordered the tariffs to be removed, a higher court quickly brought them back after an appeal, and the Trump administration may now take the case to the Supreme Court.

Week Ahead

Next week, investor sentiment will be shaped by a mix of important domestic and global economic data releases. India’s HSBC Manufacturing PMI (Final) for May releases on June 2, followed by the Composite and Services PMIs on June 4. The RBI will announce its interest rate decision on June 6, with markets watching closely after the April rate cut to 6%. On the global front, the U.S. ISM Manufacturing PMI for May will be released on June 2. On June 3, the U.S. will also release its JOLTs Job Openings data for April. The U.S. ISM Services PMI will be in focus on June 4, followed by the European Central Bank’s interest rate decision and press conference on June 5. Finally, the U.S. non-farm payrolls data for May will be released on June 6, offering key insights into the health of the U.S. labor market.

Technical Overview

Consolidation Near Resistance – NIFTY ended the session at 24,750.70, down 82.90 points, after failing to decisively cross 25,116, which remains a critical resistance level.
Sustaining Above 25,000 Remains Key – The index continues to hover near the psychological 25,000 mark. It is crucial for NIFTY to sustain above 25,000 for any meaningful upside continuation.
Failure to Hold May Lead to Range-Bound Action – If NIFTY fails to hold 25,000, we may witness a sideways consolidation between 24,500–25,100 in the near term.
Immediate Supports Emerging – On the downside, 24,630 (near-term swing low) and 24,535–24,551 (zone of moving averages and Ichimoku support) will act as immediate support areas.
Volume Spike on Down Day – The session saw a sharp volume jump to 853.78M, indicating institutional activity, possibly profit booking at higher levels.
RSI Cooling Off But Above Midline – The RSI has dropped to 55.52, showing weakening momentum while still remaining in the bullish zone.
Mixed ADX Readings – Though +DI is still above -DI, ADX at 26 is flattening, suggesting that trend strength is fading unless a breakout happens soon. MACD Shows Loss of Momentum – The MACD histogram is still positive but has started to contract, hinting at a slowdown in upward momentum.
Trend Support Intact, But At Risk – The Parabolic SAR still supports the uptrend with dots below the price, but a close below 24,630 could reverse this setup.
Conclusion
While the overall structure remains positive, NIFTY must sustain above the 25,000 mark for the rally to continue. Failure to hold this level could result in sideways consolidation between 24,770–25,116, with a possible revisit of support near 24,530–24,630. Traders should monitor price action closely around the 25,000 zone for directional clarity.

To view the detailed report click here to Download

Newsletter: 03rd Jun 2025

Signature Global’s ₹4,000 Cr Investment Plan

Aaj Ka Bazaar

After the S&P 500’s strongest May performance in 35 years, US stocks rose as big tech rebounded, offsetting earlier declines from weak manufacturing, trade tensions, and geopolitical risks. Wall Street remained focused on trade developments, with the US extending the exclusion of Section 301 tariffs on some Chinese goods until August 31. Following this, the Asian Pacific market saw slight gains, and GIFT Nifty futures pointed to a muted start for the Indian equity market. Domestic indices Sensex and Nifty are expected to be influenced by global cues, institutional activity, and concerns over US-China trade tensions and US President Trump’s tariff plans. In stock-specific news, Maruti Suzuki saw a 1.4% increase in May production, reaching 1.95 lakh units. With the results season winding down, attention is now turning to the upcoming RBI monetary policy.

Markets Around Us

BSE Sensex – 81,197.47 (-0.22%)

Nifty 50 – 24,661.20 (-0.28%)

Bank Nifty – 55,828.50 (-0.13%)

Dow Jones – 42,172.21 (-0.31%)

Nasdaq – 19,242.61 (0.67%)

FTSE – 8,774.26 (0.02%)

Nikkei 225 – 37,540.12 (0.19%)

Hang Seng – 23,241.24 (1.14%)

Sector: Realty

Signature Global Plans ₹ 4,000 Cr FY26 Investment

Real estate company Signature Global plans to invest around ₹4,000 crore in FY26 to expand its housing projects, mainly in Gurugram. This includes ₹1,200–1,500 crore for buying new land parcels and around ₹2,500 crore for construction activities. Last year, the company spent ₹1,070 crore to purchase 48 acres in Gurugram and ₹1,900 crore on construction. Signature Global is actively looking for land in the Delhi-NCR region to grow further, as housing demand remains strong from both homebuyers and investors. The company believes there’s still a supply-demand gap in the market, making this a good time to invest and develop new projects.

Why it Matters:

This investment signals strong confidence in the housing market, especially in high-demand areas like Gurugram. It reflects continued interest from both end-users and investors despite rising prices. For traders and investors, it indicates potential growth in the real estate and construction sectors.

NIFTY 50 GAINERS

ETERNAL – 243.00 (0.75%)

SHRIRAMFIN– 647.30 (0.74%)

M&M – 3047.90 (0.73)

NIFTY 50 LOSERS

ADANIENT – 2484.00 (-1.38%)

COALINDIA – 394.50 (-1.30%)

SBILIFE – 1784.60 (-0.99)

Sector : Iron & Steel

Jindal Stainless Partners with Oyster Renewable

Jindal Stainless has acquired a 33.64% stake in a special purpose vehicle (SPV) created with Oyster Renewable Energy to develop a 282 MW hybrid renewable energy project. This project aims to supply clean energy to Jindal Stainless’s manufacturing plants. The company has invested ₹79.2 crore in the first phase and plans a total investment of ₹132 crore. The project is expected to be completed by the third quarter of FY 2025-26. This move is part of Jindal Stainless’s strategy to reduce its carbon footprint and secure long-term, sustainable energy sources. By using hybrid renewable energy, the company is also aiming to cut costs and meet environmental goals, which aligns with the global push for greener manufacturing practices. This development reflects a growing trend of industrial companies investing directly in clean energy to power operations and reduce dependence on conventional electricity sources.

Why it Matters:

This move helps Jindal Stainless cut energy costs and reduce carbon emissions, boosting sustainability. It ensures reliable clean energy for operations, improving long-term efficiency. For investors, it shows a strategic shift toward green infrastructure with potential cost and ESG benefits.

Around the World

Most Asian currencies moved in a narrow range on Tuesday as traders stayed cautious due to global economic concerns and possible new U.S. trade tariffs. The U.S. dollar slightly recovered after recent losses, while the Australian dollar fell the most due to weak economic data and a dovish stance from the Reserve Bank of Australia. The Japanese yen saw some gains earlier but slipped slightly. The Chinese yuan remained steady despite weak manufacturing data and rising tensions with the U.S. over trade and technology. Talks between China and the U.S. seem to have stalled again. Other Asian currencies like the Singapore dollar, South Korean won, and Indian rupee also saw minimal movement. Traders are waiting for key events like the Reserve Bank of India’s upcoming rate decision, where a 25 basis point cut is expected. Overall, risk appetite remained low across forex markets due to global uncertainty and geopolitical tensions.

Option Traders Corner

Max Pain

Nifty 50 – 24750

Bank Nifty – 55700

Nifty 50 – 24665 (Pivot)

Support – 24,577, 24,437, 24,348

Resistance – 24,805, 24,893, 25,033

Bank Nifty – 55756 (Pivot)

Support – 55,547, 55,191, 54,981

Resistance – 56,112, 56,322, 56,678

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Newsletter: 02nd Jun 2025

Adani Energy Raises Big

Aaj Ka Bazaar

Wall Street wrapped up a mixed session on Friday after experiencing heightened volatility, rebounding from session lows after President Donald Trump indicated that he planned to speak with Xi Jinping following accusations that China had breached a trade agreement. The S&P 500 ended virtually unchanged, slipping just 0.01 percent. The Nasdaq fell 0.32 percent, while the Dow Jones rose 0.13 percent. Asia-Pacific markets opened mixed after U.S. President Donald Trump announced a sharp increase in tariffs on steel imports. Gift Nifty was trading lower, indicating a marginally negative start to the day in the Indian market. As the day progresses, investors will react to stronger-than-expected Q4 GDP data, along with the final U.S. and India manufacturing PMI figures for May. This upbeat data, combined with favorable macroeconomic indicators such as an early monsoon onset and a benign inflation outlook, is expected to support market momentum despite prevailing global uncertainties. In stock-specific news, IOC will remain in focus today as the company has finalised the levelized cost of hydrogen for setting up a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex. This marks the company’s entry into the green hydrogen space with India’s largest-ever green hydrogen project to date.

Markets Around Us

BSE Sensex – 80,879.25 (-0.16%)

Nifty 50 – 24,579.85 (-0.71%)

Bank Nifty – 55,527.75 (-0.38%)

Dow Jones – 42,120.99 (-0.36%)

Nasdaq – 19,175.87 (0.39%)

FTSE – 8,772.38 (0.64%)

Nikkei 225 – 37,437.69 (-1.39%)

Hang Seng – 22,778.45 (-2.24%)

Sector: Power

Adani Energy to Raise Funds via Stake

Adani Energy has decided to raise $502 million by selling shares through a method called Qualified Institutional Placement (QIP), which allows companies to sell shares to big investors like banks or mutual funds. This move is part of the Adani Group’s broader effort to strengthen its finances and win back investor trust after facing challenges earlier, including legal issues in the US. In recent months, the group has been actively securing funds $750 million in April for an acquisition, with support from major investors like BlackRock, and $150 million last week through a loan from DBS Bank. Credit rating agency Fitch recently improved its outlook on Adani Energy, saying the group has shown it still has good access to funding. This fundraising is expected to help the company manage its debt, invest in new projects, and signal to the market that it remains financially stable and growth-focused.

Why it Matters:

This fundraise signals growing investor confidence in Adani Group after recent controversies. It strengthens Adani Energy’s financial position, helping it invest in future projects and manage debt. For traders, it indicates renewed momentum and stability in a key energy stock.

NIFTY 50 GAINERS

APOLLOHOSP – 7065.00 (2.68%)

ADANIPORTS– 1455.60 (1.59%)

COALINDIA – 400.60 (0.83)

NIFTY 50 LOSERS

HEROMOTOCO – 4221.30 (-2.04%)

BAJAJ-AUTO – 8451.50 (-1.81%)

JSWSTEEL – 976.80 (-1.68)

Sector : Pharmaceuticals

Alembic Pharma Bags USDFA Drug Approval

Alembic Pharmaceuticals has received final approval from the USFDA to sell its generic version of Bosutinib tablets in the U.S. market. This drug is used to treat adults with a specific type of blood cancer called chronic myelogenous leukemia (CML), especially those who didn’t respond well to earlier treatments. Alembic’s version is equivalent to Pfizer’s brand-name drug Bosulif, meaning it works the same way and offers the same benefits at likely a lower cost. The market for Bosutinib tablets in the U.S. is estimated to be around $291 million as of March 2025, offering Alembic a strong revenue opportunity. This approval adds to Alembic’s growing presence in the U.S. generic drug market, where it now holds 223 ANDA approvals in total. As a vertically integrated company, Alembic handles everything from R&D to production, helping ensure quality and cost efficiency. This move boosts its credibility and growth prospects in oncology.

Why it Matters:

This approval allows Alembic to enter a $291 million cancer drug market in the U.S. It strengthens the company’s oncology portfolio and boosts its U.S. generics presence. For investors, it signals steady growth and revenue potential.

Around the World

Asian stock markets fell on Monday due to rising concerns over a potential U.S.-China trade war after President Trump accused China of breaking a recent trade deal, which China strongly denied. Investors were also worried after Trump raised tariffs on steel and aluminum imports, creating uncertainty about U.S. trade policy. Tensions between Russia and Ukraine and possible new U.S. tariffs on China and India for buying Russian oil added to the negative sentiment. Weak Chinese economic data and ongoing trade tensions further hurt investor confidence, especially in Hong Kong, where the Hang Seng index dropped 2.3%. Japan’s Nikkei fell 1.5%, while other markets like Australia, Singapore, and India also saw mild declines. However, India’s strong GDP growth may help limit further losses. South Korea’s market was an exception, gaining slightly ahead of its presidential elections. Overall, traders are cautious due to geopolitical tensions, weak Chinese data, and uncertain global trade outlook.

Option Traders Corner

Max Pain

Nifty 50 – 24700

Bank Nifty – 55000

Nifty 50 – 24777 (Pivot)

Support – 24,690, 24,630, 24,544

Resistance – 24,837, 24,923, 24,983

Bank Nifty – 55639 (Pivot)

Support – 55,466, 55,183, 55,009

Resistance – 55,923, 55,096, 56,379

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Newsletter: 30th May 2025

Bajaj Auto Faces Bumpy Ride

Aaj Ka Bazaar

Indian benchmark indices traded higher today and closed in positive territory, buoyed by news that the US trade court has blocked most of President Donald Trump’s proposed “Liberation Day” import duties. The Court of International Trade ruled that President Trump exceeded his authority with the proposed tariff plan. The Nifty 50 gained 81.15 points to end at 24,833.60, while the Sensex rose by 320.70 points to close at 81,633.02. Broader markets also ended higher. On the sectoral front, most indices ended in the green, with the Nifty Metals index leading the gains, followed by Nifty Realty. However, Nifty FMCG and Nifty PSU Bank ended in the red. On the stock-specific front, Sterling & Wilson Renewable Energy Limited (SWREL) rose over 2% after the company announced it had emerged as the L1 (lowest) bidder for a turn-key EPC contract to develop a 225 MW (AC) grid-connected solar PV project in Gujarat, India.

Markets Around Us

BSE Sensex – 81,499.13 (-0.16%)

Nifty 50 – 24,838.40 (0.02%)

Bank Nifty – 55,625.35 (0.10%)

Dow Jones – 42,183.03 (-0.08%)

Nasdaq – 19,175.87 (0.39%)

FTSE – 8,716.45 (-0.11%)

Nikkei 225 – 37,893.26 (-1.40%)

Hang Seng – 23,228.80 (-1.46%)

Sector: Automobile

Bajaj Auto Q4 Misses Estimates, Margin Steady

Bajaj Auto’s Q4FY25 performance was affected by weak domestic demand and a halt in KTM exports. Despite this, the overall quality of growth looks promising. Looking ahead into FY26, we remain cautiously positive. The company is expected to benefit from better rural demand and last year’s low base, which should help volume growth. However, the recovery in urban demand is still slow, which could impact the sales of higher-end bikes and limit any major improvement in profit margins. In the near future, gains from better product pricing may be limited. Key points to watch include management’s outlook on volume growth for FY26, consumer demand trends in India, upcoming product launches, and how they expect profit margins to shape up. Overall, while some challenges remain, there are also signs of a possible recovery in the coming quarters.

Why it Matters:

This matters because Bajaj Auto is a major player in the Indian auto sector, and its performance reflects broader trends in consumer demand, especially in rural vs urban markets. The Q4 miss highlights ongoing challenges, but resilient margins show operational strength. Investors should watch upcoming volume and margin guidance closely for future direction.

NIFTY 50 GAINERS

ETERNAL – 230.54 (0.95%)

BAJAJFINSV– 2023.70 (0.64%)

RELIANCE – 1426.50 (0.61)

NIFTY 50 LOSERS

BAJAJ- AUTO – 8651.50 (-2.51%)

HINDALCO – 638.10 (-1.83%)

TECHM – 1574.20 (-1.61)

Sector : Real Estate

Sunteck To Launch Andheri East Project

Sunteck Realty Limited announced on May 29 that its wholly-owned subsidiary has been appointed to develop a residential project in Andheri East, Mumbai. The project is planned on a 2.5-acre land parcel (approximately 10,290 square meters) located near the Western Express Highway, a well-connected and sought-after area in the city. In a regulatory filing, the company stated that this new development is expected to yield a free sale area of approximately 2,75,000 square feet. The project involves both development and redevelopment components, and is part of Sunteck’s broader strategy to expand its residential portfolio in key micro-markets of Mumbai. This strategic addition reinforces Sunteck’s focus on premium urban developments and further strengthens its presence in the western suburbs of Mumbai. Given the location and size of the project, it is expected to attract significant interest from end users and investors alike, offering high potential for long-term value creation.

Why it Matters:

This project strengthens Sunteck Realty’s presence in a prime Mumbai location with high demand for residential spaces. The 2.5-acre plot near Western Express Highway offers strong connectivity and redevelopment potential. With 2.75 lakh sq. ft. of saleable area, it could drive significant revenue and brand visibility.

Around the World

Asian stock markets fell on Friday due to renewed concerns over U.S. tariffs after a court reinstated them, reversing an earlier block. Chinese stocks were hit hardest, dropping up to 1.5%, after U.S. Treasury Secretary Bessent said trade talks with China had stalled, reducing hopes for a long-term deal. Tensions rose further with both sides imposing tech-related restrictions. Japan’s markets also slipped, as higher-than-expected inflation data raised chances of a rate hike in July, while the yen strengthened, putting pressure on exporters. Despite weak inflation in retail sales, Australia’s market remained flat, hinting at possible rate cuts. South Korea and Singapore also saw minor declines, with tech stocks losing steam. Meanwhile, India’s Gift Nifty 50 futures edged up 0.1%, indicating a positive start as the index stayed firm just under 25,000. Investors are now eyeing U.S. PCE inflation data for clues on the Fed’s next move.

Option Traders Corner

Max Pain

Nifty 50 – 24850

Bank Nifty – 56000

Nifty 50 – 24801 (Pivot)

Support – 24,709, 24,585, 24,494

Resistance – 24,925, 25,016, 25,140

Bank Nifty – 55475 (Pivot)

Support – 55,167, 54,788, 54,481

Resistance – 55,853, 56,161, 56,540

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Newsletter: 29th May 2025

Reliance Bags Solar Deal

Aaj Ka Bazaar

Indian benchmark indices ended in negative territory due to a lack of support from foreign investors. The Nifty 50 fell 73.75 points to close at 24,752.45, while the Sensex declined 239.31 points to settle at 81,312.32. On the sectoral front, most indices ended lower, with significant losses in Nifty FMCG as FMCG giant ITC fell 1.17% following a large block deal by British American Tobacco plc (BAT), which sold a 2.5% stake in the company, thereby relinquishing its veto power in the diversified Indian conglomerate. On the stock-specific front, defense stock Apollo Micro Systems surged 15% after the company announced that it had secured and exported an order worth Rs. 113.81 crores. The deal was signed for the development of an avionic system intended for use in civil and military aircraft applications.

Markets Around Us

BSE Sensex – 81,591.03 (0.34%)

Nifty 50 – 24,825.10 (0.29%)

Bank Nifty – 55,571.40 (0.28%)

Dow Jones – 42,680.56 (1.35%)

Nasdaq – 19,100.94 (-0.51%)

FTSE – 8,726.01 (-0.60%)

Nikkei 225 – 38,341.55 (1.64%)

Hang Seng – 23,388.90 (0.58%)

Sector: Power

Reliance Wins Solar- Battery Project from SJVN

Reliance NU Energies, a part of Reliance Power, has received a Letter of Award from SJVN Ltd for developing a 350 MW solar power project along with a 175 MW/700 MWh battery energy storage system (BESS). This project will be connected to the inter-state transmission system, helping supply clean energy across different regions. Once completed, it will add 600 MW of solar power and 700 MWh of storage capacity to Reliance Power’s clean energy portfolio. This strengthens the company’s position in the renewable energy sector. With this project, Reliance’s total clean energy pipeline now stands at 2.4 GW of solar capacity and over 2.5 GWh of battery storage. Reliance had secured this project by winning a competitive auction held by SJVN, and it will sell the power generated at ₹3.33 per unit for 25 years. This move highlights Reliance’s growing focus on sustainable and future-ready energy solutions.

Why it Matters:

This news signals Reliance’s strong push into the clean energy space, aligning with India’s renewable energy goals. The addition of battery storage makes the project future-ready and reliable for round-the-clock power. It also strengthens Reliance Power’s position in the competitive green energy market.

NIFTY 50 GAINERS

INFY – 1602.70 (1.97%)

JSWSTEEL– 1017.60 (1.66%)

WIPRO – 250.57 (1.27)

NIFTY 50 LOSERS

TATACONSUM – 1109.00 (-0.38%)

ULTRACEMCO – 11210.00 (-0.25%)

HDFCLIFE – 787.90 (-0.20)

Sector : Pharmaceuticals

Zydus Drug Gains USFDA Fast Track Status

Zydus Lifesciences has received fast track designation from the US FDA for its experimental drug Usnoflast, which is being developed to treat amyotrophic lateral sclerosis (ALS), a severe neurodegenerative disease. Usnoflast is an oral NLRP3 inhibitor and has shown potential in addressing ALS, a condition with very limited treatment options. Fast track status means the drug could get faster regulatory review and potential early approval, helping it reach patients sooner if it meets required criteria. The drug had already been granted Orphan Drug Designation (ODD), which comes with benefits like tax credits on clinical trials, exemption from certain FDA fees, and up to seven years of market exclusivity if approved. This is an important step for Zydus, highlighting its growing focus on innovative therapies for rare and serious diseases.

Why it Matters:

This update boosts Zydus’s credibility in developing breakthrough treatments for rare diseases. Fast track and orphan drug designations can accelerate approval and offer significant commercial advantages. It also reflects investor confidence in the company’s R&D pipeline.

Around the World

Asian markets rose on Thursday, supported by strong gains in U.S. stock futures after a U.S. court blocked former President Trump’s proposed tariffs, saying he overstepped his authority. The ruling reduced fears of aggressive trade measures, boosting global investor sentiment. Technology stocks led the rally, thanks to better-than-expected earnings from Nvidia, which lifted chipmakers across Asia. South Korea’s KOSPI surged over 1.7%, helped by gains in Samsung and SK Hynix. A surprise 25 basis point rate cut and a dovish outlook from the Bank of Korea further supported South Korean stocks. Japan’s Nikkei 225 and Taiwan’s tech firms also posted strong gains. Chinese markets saw moderate gains, held back by concerns over deflation and slow economic growth. Overall, optimism around global tech demand and reduced trade war fears drove market momentum, with India’s Gift Nifty futures up 0.4%, signaling a positive start for domestic indices after recent losses.

Option Traders Corner

Max Pain

Nifty 50 – 24800

Bank Nifty – 55300

Nifty 50 – 24784 (Pivot)

Support – 24,704, 24,657, 24,577

Resistance – 24,832, 24,911, 24,959

Bank Nifty – 55391 (Pivot)

Support – 55,261, 55,105, 54,974

Resistance – 55,547, 55,677, 55,833

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.