May 13, 2025, 3:38 pm IST
Nifty Slumps Amid Broad-Based Selling; Geopolitical Risks Weigh
“The Nifty opened marginally lower at 24,864 and briefly climbed to an intraday high of 24,973 before witnessing aggressive selling pressure, plunging to a day’s low of 24,560 and now trading near the day's low . Sectoral performance was mixed, with PSU banks, media, and pharma showing resilience, while IT, auto, consumer goods, and realty dragged the index lower. Geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between India and Pakistan, adding to the cautious sentiment. On the derivatives front, the bearish bias was evident with only 64 stocks advancing against 157 decliners, while notable open interest buildup was seen in UPL, Paytm, SRF, IIFL, and Chambal Fertilisers. Options data revealed strong resistance at the 25,000 call strikes, with put writers accumulating positions at 24,000 and 23,500, further supported by a subdued put-call ratio of 0.69,” said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity.
May 13, 2025, 3:23 pm IST
Result Update: PVR INOX – Footfall recovery hopes pinned on robust content line-up; maintain BUY
“PVRINOX reported a weak Q4 as recovery in footfalls remains evasive. Revenue growth disappointed despite muted expectations for the quarter with YoY/QoQ sales decline of -0.5%/-27%. Movie tickets revenue witnessed muted growth of 1.5% YoY on a low base while sales reported a sharp decline of -27% QoQ. Occupancy stood at 20.5% for Q4 (-210bps YoY/-520bps QoQ). For FY25, occupancy declined by -260bps YoY to 23%. Bollywood did not see any material pick-up in Q4, except Chhava. Gross margin was the only silver lining as movie exhibition costs were lower than expected at ~39% of movie ticket sales vs our est of 44% of sales. As a result, GM was +50bps YoY/+30bps QoQ ahead of our est. Management expects revival in footfalls in FY26, on the back of strong content pipeline across Hollywood, Bollywood, and regional movies. We cut our FY26-27E revenue est by 10-11%, leading to 18-23% cut in EBITDA. Thus, we trim our target FY27E EV/EBITDA from 14x to 12x. We arrive at TP of Rs1,280. Retain BUY,” said YES SECURITIES.
May 13, 2025, 1:55 pm IST
Stocks Live Updates: Cipla Beats Street Estimates In Q4 Results
Pharma giant, Cipla reported a net profit of Rs 1,214 crore in Q4FY24, which is better than expected. The company posted revenue of Rs 6,730 crore, also higher than estimates. However, EBITDA and margins were below estimates to Rs 1,537 crore and 23% in the fourth quarter. PAT climbed 30.3% YoY and revenue was up by 9.2% YoY. EBITDA soared by 16.8% YoY, while margins expanded by 184 bps year-on-year.
May 13, 2025, 1:49 pm IST
Market Live Updates: Suven Life Shares Jump 12%
Suven Life Sciences Ltd. share price climbed by nearly 12% on Tuesday after the company announced its plan to issue 6.4 crore convertible warrants on preferential basis. The company will issue warrants to promoters and non-promoters at Rs 134 per warrant. The non-promoters list include Quant MF, Tejas Trivedi, Abakkus & Prashant Jain.
May 13, 2025, 12:54 pm IST
Market Live Updates: 34 Stocks Decline On Nifty 50
The Nifty 50 benchmark faced sharp selling pressure on Tuesday, falling by more than 1%. Out of the 50 scrips listed on Nifty, 34 of them declined. Power Grid, HCL Tech, Infosys, Bharti Airtel, Etenal, TCS, Eicher Motors, Hindalco, NTPC, and ITC declined by 2% to 3.5% each.
May 13, 2025, 12:16 pm IST
Star Health Announces New Board Appointments
Star Health and Allied Insurance Company Ltd has announced key appointments and leadership updates. Mr. Amitabh Jain, Chief Operating Officer has now been elevated as Whole-time Director and designated as a Key Managerial Personnel. Mr. Himanshu Walia, Chief Marketing Officer has also now been elevated as Whole-time Director and designated as a Key Managerial Personnel.
May 13, 2025, 11:28 am IST
L&T secures contracts for Building & Factories Business
The Buildings & Factories (B&F) vertical of L&T has secured large orders from various state and central government undertakings in India. It has secured an engineering, procurement & construction (EPC) order from the Central Public Works Department (CPWD) for the construction of Common Central Secretariat buildings 6 & 7 in New Delhi. The project encompasses two buildings of 1 basement + 2 podiums + upper ground + 6 floors configuration.
May 13, 2025, 11:28 am IST
Cineline Inida Ltd Reports Q4 & FY25 Financial Performance
Cineline India Limited has announced its audited financial results for Q4 FY25 and the full year ended March 31, 2025. In Q4 FY25, Cineline India reported a total revenue of ₹5,617 lakhs, a significant 44% year-on-year growth compared to ₹3,899 lakhs in Q4 FY24. The company’s EBIDTA (Earnings Before Interest, Depreciation, Tax & Amortization) stood at ₹974 lakhs for Q4 FY25, registering a solid 55% increase compared to ₹628 lakhs in the same quarter last year.
May 13, 2025, 10:37 am IST
Morepen Board Proposed Dividend After 23 Years Scores Highest PAT of ₹118 Crore in FY25
Morepen Laboratories Ltd board has proposed to declared a dividend (₹0.20 per share) after a gap of 23 years, subject to approval of the shareholders in the forthcoming Annual General Meeting. The declaration comes on the back of excellent Þnancial results for FY25, with gross revenue rising to ₹1,830 crore, up from ₹1,704 crore in FY24 a 7.4% year-on-year increase. EBITDA surged 11.5% to ₹192 crore, and ProÞt After Tax jumped to ₹118 crore, while Earnings Per Share (EPS) climbed to ₹2.20, up 17% from the previous year.
May 13, 2025, 9:48 am IST
Currency Update
The Indian rupee began Tuesday at 84.65 per dollar, 72 paise higher than its previous closing.
May 13, 2025, 9:05 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
After the sharp surge in the market yesterday, mainly in response to the ceasefire, it is time to take stock and try to understand the likely direction of the market, going forward. It is important to understand that the sharp 916-point surge in Nifty was not caused by institutional activity. The combined FII and DII buying yesterday was only Rs 2694 crores. This means the market surge was triggered by short-covering and HNI plus retail buying. This implies that institutional activity is likely to remain subdued in the coming days which may constrain the continuation of the rally. The agreement between US and China to reduce tariffs for 90 days signals the possibility of the end of the trade war between US and China. This augurs well for the global economy. Since the probability of a recession in the US has come down, Indian IT companies might benefit from the higher tech spending by US companies. Indian pharma exporters will face pricing pressure in the US from Trump’s executive order reducing drug prices. This will impact their stock prices.
May 13, 2025, 8:52 am IST
Morning Star Shines Bright on Bank Nifty—Can It Break 56,000?
“Technically, the Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for the Bank Nifty is placed near the 56,000–56,100 zone, while major support is seen near 53,480. Traders are advised to hold long positions and consider booking profits around the 56,000-56,100 levels,” commented Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).
May 13, 2025, 8:51 am IST
Nifty Targets 25,500–25,800 Post Breakout Above 24,860
“Technically, Nifty formed a big bullish candle on the daily chart and crossed the major resistance zone of the 24,850–24,860, resulting in a fresh breakout. Based on this breakout, if the index sustains above 24,850, it could test 25,200 in the short term and 25,500–25,800 in the medium term. Hence, traders are advised to adopt a buy-on-dips strategy as long as the index holds above 24,850 on a closing basis,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).
May 13, 2025, 8:30 am IST
Bank Nifty Prediction Today By Om Mehra, Technical Research Analyst, SAMCO Securities
The index has now formed a Morning Star pattern (bullish), which further strengthens the ongoing momentum. The index has also moved above all key moving averages, while the daily RSI at 65 is trending higher. The immediate resistance is placed at the all-time high of 56,098.70. A decisive breakout above this level could open further upside toward 56,500–56,600. The hourly MACD has turned positive, and a corresponding confirmation on the daily timeframe would strengthen the positive outlook. The support is placed at 55,000, followed by 54,750. The overall trend remains bullish, with any pullback likely to be a buy-on-dip opportunity.
May 13, 2025, 8:29 am IST
Nifty Prediction Today By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty broke out above a rising trendline connecting a series of higher swing tops, reaffirming the resumption of its broader uptrend. This move was further supported by a sharp intraday drop in India VIX, which eased 14.98% to close at 18.39, signaling a notable decline in market volatility and uncertainty. Nifty has reclaimed levels above the 9-day EMA, and the daily RSI has turned upward after remaining range bound, indicating renewed bullish momentum. Based on Fibonacci clustering, resistance remains near the 25,200 mark, while support has shifted higher to around 24,600. The index has given a strong breakout, out of its recent consolidation, and the broader trend has turned decisively positive. A 'buy-on-dips' strategy may be preferred for the upcoming sessions.
May 13, 2025, 8:20 am IST
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The Nifty Bank now holds firmly above the key 55,000 mark. A push above today’s high could further energize the rally. Technically, the breakout above resistance band has been decisive, and the follow-up price action indicates previous resistance has flipped into support. As long as index manages to float above 54,800, the broader uptrend looks solid, with pullbacks seen as buying opportunities. Resistance is now seen around the 56,000 zone, and a clear breakout above that could drive a fresh wave of short covering and lead the index into newer highs. On the flip side, any dip below 54,800 might cause mild profit-taking, but such declines may still attract buyers near 54,500. Momentum-wise, RSI on the daily scale has crawled above 60, suggesting bulls are gaining momentum and strength is gradually building up. Holding above 55,000 could give more confidence to buyers and attract further follow-up action.
May 13, 2025, 8:19 am IST
Bank Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
On the options front, the landscape looks a bit mixed but starting to lean toward a bullish tilt. Call writers are still holding their ground at higher levels, but some of them are seen booking profits, while put writers have begun inching upwards—hinting bulls might be regaining their grip slowly. The 56,000 Call strike has emerged as a stubborn resistance point with 12.33 lakh open contracts, while the 55,000 Put strike has gained heavy OI of 19.71 lakh contracts—marking it as a strong support base for now. Put writers are showing intent and building bottom support zones between 54,800–55,000, forming a foundation for price stability. The Put-Call Ratio (PCR) inched up to 0.88 from 0.73, reflecting a gradual shift towards bullish sentiment, though not fully convincing yet. Max Pain remains at 55,000, hinting at indecision—but it’s also where the biggest battle between bulls and bears is unfolding.
May 13, 2025, 8:19 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives data has tilted decisively toward a bullish structure. Put writers have intensified their activity at elevated strikes, leading to a wave of call unwinding. Simultaneously, call writers are seen exiting from higher bands and repositioning at distant strikes a classic sign of bearish retreat. The 25,000 strike call has built-up hefty open interest of 67.45 lakh contracts, highlighting it as a strong resistance point. On the flip side, heavy put writing at 24,500 strike — with 83.01 lakh contracts, confirms it as a key demand zone. OI clusters between 24,500–24,800 showcase solid support. The Put-Call Ratio (PCR) has jumped from 0.73 to 1.18, signaling increased bullish sentiment among market participants. Max Pain is anchored at 24,500, implying that the market awaits a final breakout cue.
May 13, 2025, 8:16 am IST
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
From a technical angle, the breakout above major resistance along with rising volumes and momentum suggests that bulls are tightening their grip. Support zones have started converting into floors, making dips more attractive for accumulation. As long as the index floats above 24,750, the broader structure stays strong. Intraday pullbacks are getting absorbed swiftly and buying interest is increasing with every dip. Now the immediate hurdle is near 25,000, and a convincing close above it could spark another round of short covering taking the index to 25,200–25,300 zone. On the downside, a slide below 24,700 could trigger some mild profit-taking toward 24,500 levels, which may serve as another buying opportunity. Momentum wise, RSI on the daily chart has perked above 65 mark, indicating that the bullish undertone is strengthening. A breakout above 25,000 could bring fresh momentum and trigger more buying. On the FPI front, strong long build-ups were being noticed.
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