StockReport Archive

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

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: 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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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.

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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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Printing Money Just Got Costlier

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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Printing Money Just Got Costlier

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.

Newsletter: 28th May 2025

HBL Bags ₹101 Cr

Aaj Ka Bazaar

The US markets were closed on Monday in observance of Memorial Day. However, US equity futures rose over 1% following President Trump’s decision to delay imposing 50% tariffs on European Union imports until July 9. These moves temporarily eased fears of an escalating trade war, providing a positive signal for global markets. Meanwhile, investors were also looking ahead to earnings news from Nvidia (NVDA), with the AI daring scheduled to release its fiscal first-quarter results after the close of trading next Wednesday. On the US economic front, the Commerce Department released a report showing that new home sales in the US in April spiked compared to a significantly downwardly revised level in March. Asian markets fluctuated this morning, and the dollar edged down while gold changed a little. Oil was slightly lower ahead of an OPEC+ meeting that will decide on supply policy. Indian market is seen opening little changed on Tuesday, tracking muted cues from other Asian markets as fears persist over US tariffs and fiscal deficit. Benchmark indexes Sensex and Nifty climbed around 0.6% each on Monday, driven by gains in rate-sensitive auto and banking stocks as India overtook Japan to become the world’s fourth-largest economy. Reports indicate that RBI is seeking approval to allow domestic banks to lend the rupee to overseas borrowers, accelerating the internationalization of the Indian currency.

Markets Around Us

BSE Sensex – 81,489.36 (-0.84%)

Nifty 50 – 24,765.80 (-0.25%)

Bank Nifty – 55,329.80 (0.03%)

Dow Jones – 42,341.92 (0.00%)

Nasdaq – 19,199.16 (2.47%)

FTSE – 8,778.05 (0.68%)

Nikkei 225 – 37,843.57 (0.32%)

Hang Seng – 23,232.02 (-0.64%)

Sector: Industrial Goods

HBL Wins ₹101 Cr Kavach Deal

HBL Engineering said that it has received letter of acceptances (LoA) from IRCON International for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 kilometers and two locomotives. The contract has to be executed within a period of 18 months. The total value of the contract is Rs 101.55 crore. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, nicad, silver zinc, lithium, and railway & defence electronics and other products. The company reported a consolidated net profit of Rs 64.61 crore in Q3 FY25, down 18.3% compared with Rs 79.04 crore in Q3 FY24. Revenue from operations fell 24.8% YoY to Rs 450.56 crore in Q3 FY25.

Why it Matters:

This news highlights HBL Engineering’s strategic win in India’s railway modernization efforts through the Kavach safety system. Despite a dip in Q3 earnings, the ₹101.55 crore order reinforces its positioning in railway and defense electronics. It signals future growth potential amid ongoing infrastructure upgrades.

NIFTY 50 GAINERS

JIOFIN – 294.60 (1.10%)

INFY– 1580.10 (0.64%)

DRREDDY – 1249.40 (0.50)

NIFTY 50 LOSERS

ITC – 420.35 (-1.34%)

NESTLEIND – 2431.00 (-1.22%)

JSWSTEEL – 1002.80 (-1.08)

Sector : Railway Wagons

Jupiter Wagons Accelerates EV Rollout

Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said. The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said. JEM Tez offers CCS2 charging compatibility besides and delivering 30 per cent more range on a single charge, all while supporting a 1050 kg payload. This creates a strong niche in the market.

Why it Matters:

This partnership marks a significant step in accelerating EV adoption for commercial logistics, aiding India’s shift to sustainable transport. JEM’s Tez offers high range, fast charging, and robust payload capacity making it ideal for demanding last-mile and intercity deliveries. It strengthens Jupiter Wagons’ position in the booming electric mobility sector.

Around the World

Asian stock markets mostly moved higher on Wednesday, following strong gains in the U.S. after President Trump delayed trade tariffs on Europe and stability returned to the bond market. Tech stocks led the rally, especially after strong earnings from China’s Xiaomi and ahead of Nvidia’s results, which investors expect to show strong growth from AI demand. Japan’s Nikkei and South Korea’s KOSPI saw solid gains, boosted by chipmakers like Advantest, SK Hynix, and Samsung. Taiwan’s TSMC and Foxconn also inched higher. However, Chinese markets underperformed due to weak earnings from e-commerce giant PDD and continued concerns about low consumer spending and deflation. Xiaomi’s strong results were not enough to offset overall weakness in China. Meanwhile, Australia’s market rose slightly due to inflation concerns delaying rate cuts. Singapore and Japan’s broader TOPIX gained modestly. India’s Nifty 50 futures signaled a weak start, struggling to hold above the 25,000 mark. Investors remained focused on tech and upcoming earnings.

Option Traders Corner

Max Pain

Nifty 50 – 24800

Bank Nifty – 55300

Nifty 50 – 24864 (Pivot)

Support – 24,665, 24,505, 24,307

Resistance – 25,024, 25,223, 25,383

Bank Nifty – 55407 (Pivot)

Support – 54,983, 54,613, 54,189

Resistance – 55,776, 56,200, 56,570

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

Weekly Report: 26th May 2025

Weekly Trend Report

Week Gone By

Indian equity benchmarks registered notable losses this week, pressured by rising market volatility. The indices closed in the red on three out of five trading days. This downturn was largely driven by intensifying global trade tensions, concerns over fiscal deficits, rising bond yields, and renewed fiscal worries in major global economies. Investor sentiment also weakened due to growing unease about the U.S. fiscal outlook, especially after Moody’s downgraded the U.S. credit rating outlook. Despite several encouraging domestic economic indicators, investors remained focused on global risks and reacted sharply to international headwinds. India’s infrastructure growth slowed in April, rural inflation eased, and private sector activity accelerated sharply, driven by strong manufacturing and services PMI data.

Week Ahead

The Indian stock market is expected to begin the week on a cautious note as investors await key developments and continue to grapple with uncertainties, especially around the India-U.S. trade agreement. Elevated valuations and recent profit-booking have led to volatility, with potential for short-term consolidation. Foreign Institutional Investors may also trim their exposure in this environment. Despite these concerns, strong domestic fundamentals—such as healthy macroeconomic indicators, healthy corporate earnings, and forecasts of an above-normal monsoon—are helping to support market sentiment. Additionally, expectations of a record-high dividend payout from the RBI for FY25, to be discussed at its May 23 meeting, are seen as a positive move toward fiscal consolidation and have already contributed to easing bond yields.

Technical Overview

Nifty closed at 24,853, registering a sharp recovery of +243 points (+0.99%). The bullish engulfing candle suggests strong demand at lower levels after recent weakness.
The index bounced from the 24,500–24,600 zone, which has now turned into a solid short-term support cluster. This zone also aligns with the rising 20-day EMA and horizontal demand line.
The Ichimoku cloud remains bullish, and price is again holding firmly above the cloud, indicating that the medium-term trend remains positive.
RSI rebounded to 59.33, reversing from the midline and negating short-term bearish divergence. This bounce reflects regained momentum.
The ADX remains firm at ~29.6, and the +DI continues to stay above -DI. The trend remains intact, although it’s entering a mature phase with moderate strength.
MACD histogram bars have turned green again, confirming that the bearish momentum has waned and buyers are stepping back in.
Volume was moderately higher on today’s upmove, which strengthens the reliability of the bounce and suggests fresh long interest.
Price remains well above the rising 200-day EMA and short-term swing supports, indicating a healthy broader structure and no signs of breakdown.
A clear bullish structure of higher highs and higher lows remains valid, with the recent correction appearing to be a pullback rather than trend reversal.
No major distribution signs yet — the moving average slope, ADX strength, and clean trend continuation patterns remain bullish.
Nifty ended the week on a firm note with bulls defending the 24,500 level, marking it as a key support zone. For the week ahead, it’s crucial for the index to hold above 24,000 to maintain momentum. On the upside, resistance is seen around the 24,900–25,000 range, while support remains firm at 24,600–24,500.

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Newsletter: 27th May 2025

IndiGo Stake Rs 6,800 Cr Exit

Aaj Ka Bazaar

Markets Around Us

BSE Sensex – 81,489.36 (-0.84%)

Nifty 50 – 24,792.60 (-0.82%)

Bank Nifty – 55,167.75 (-0.73%)

Dow Jones – 41,970.11 (0.88%)

Nasdaq – 18,737.21 (-1.00%)

FTSE – 8,717.97 (-0.24%)

Nikkei 225 – 37,449.60 (-0.22%)

Hang Seng – 23,241.23 (-0.18%)

Sector: Airline

Gangwal Family to Sell IndiGo Shares

Rakesh Gangwal, co-founder of IndiGo, and his family are set to divest up to a 3.4% stake in InterGlobe Aviation, which operates India’s largest airline, through block deals on Tuesday, according to term sheets circulated by three bankers managing the transaction. The estimated deal size is pegged at Rs 6,831 crore ($803 million). The shares will be offloaded by Gangwal and The Chinkerpoo Family Trust at a floor price of Rs 5,175 per share a 4.5% discount to IndiGo’s closing price of Rs 5,420 on the National Stock Exchange as of May 26. As of March 31, 2025, the Gangwal family held a 13.53% stake in IndiGo. The proposed sale marks yet another step in their gradual exit from the airline, which Gangwal co-founded with Rahul Bhatia in 2006. Just three years ago, the Gangwal family held close to 37% in the company. The latest block deal reflects continued promoter churn in India’s aviation sector, even as IndiGo maintains its dominant market share and expands its international footprint.

Why it Matters:

This news signals Rakesh Gangwal’s continued exit from IndiGo, marking a significant shift in promoter holding. The Rs 6,831 crore block deal reflects ongoing churn in India’s aviation sector. Despite the stake sale, IndiGo remains a market leader with growing global ambitions.

NIFTY 50 GAINERS

BEL – 387.25 (0.70%)

INDUSINDBK– 801.40 (0.16%)

NIFTY 50 LOSERS

GRASIM – 2604.60 (-1.95%)

ULTRACEMCO – 11466.60 (-1.91%)

ETERNAL – 223.70 (-1.37)

Sector : Consumer Electronics

Promoter family offload stake in PG Electroplast

The promoter Gupta family of PG Electroplast Ltd. is set to sell shares worth Rs 1,177 crore via open market transactions on Tuesday. The promoter group will offer 1.59 crore shares representing a 5.6% stake, via block deal window, according to terms reviewed by NDTV Profit. The floor price for the PG Electroplast block deal is set at Rs 740 per share, a 4% discount to Monday’s closing. PG Electroplast led growth in the electronics manufacturing services industry after its consolidated net profit jumped twofold to Rs 146.38 crore in the fourth quarter. Strategic expansion in products and capacity helped PG Electroplast in the March quarter. The company’s growth prospectus remained positive due to ongoing client additions and new stock-keeping unit launches,

Why it Matters:

The Gupta family’s ₹1,177 crore stake sale in PG Electroplast signals partial profit booking in a multibagger stock. Despite the block deal, the company’s strong Q4 performance and expansion plans highlight robust growth potential. This move also reflects rising investor interest in India’s electronics manufacturing sector.

Around the World

Asian stock markets stayed mostly flat or slightly down on Tuesday as investors remained cautious about potential new U.S. trade tariffs. Japan’s market slipped after the Bank of Japan hinted at more interest rate hikes due to rising inflation. U.S. markets were shut for Memorial Day, but futures went up after Trump delayed tariffs on the EU. However, uncertainty remains as tariffs on smartphones are still possible, which could impact Asian tech giants like Samsung, Xiaomi, and Apple suppliers. South Korea’s and China’s tech-heavy stocks were hit, while Hong Kong’s market edged up slightly. Japan’s economy also showed signs of weakness, adding to concerns. Meanwhile, in Australia, BHP shares rose on news of a potential mine sale. In India, Gift Nifty futures indicated a flat start after the index recently crossed the 25,000 mark. Investors are also watching for NVIDIA’s earnings this week, which could impact the global tech sector.

Option Traders Corner

Max Pain

Nifty 50 – 24800

Bank Nifty – 55200

Nifty 50 – 24993 (Pivot)

Support – 24,908, 24,814, 24,729

Resistance – 25,086, 25,172, 25,265

Bank Nifty – 55585 (Pivot)

Support – 55,294, 55,016, 54,726

Resistance – 55,862, 56,153, 56,430