Apr 02, 2025, 3:40 pm IST
Flash Update: India Hotels | Smooth sailing as demand remains buoyant
“With sustained momentum in demand, the hotel industry recorded a robust Feb’25 as panIndia RevPAR grew c.20% YoY to INR 7,446. Occupancy was up 200-400bps YoY to 72- 74%, while ARR grew c.15% YoY crossing the level of INR 10,000 to INR 10,200/day (source: HVS Anarock). In the previous month (Jan’25), pan-India RevPAR was up c.14% to INR 6,164, as occupancy moved up 200-400bps YoY to 66-68%, and ARR grew c.11% YoY to INR 9,200. The industry is poised for its 12th consecutive quarter of RevPAR growth in 4QFY25, with pan-India growth expected to be 10-12%. We believe that the hospitality industry is in a long term up-cycle supported by favourable demand-supply dynamics, changing customer preferences and robust MICE activity. Our preferred picks in the space are Lemon Tree Hotels and Juniper Hotels. Any moderation in ARR growth (as rates are up 35- 40% up from pre-covid levels) and unexpected sharp slowdown in the broader economy remain key risks to our call,” said Sumit Kumar of JM Financial Institutional Securities.
Apr 02, 2025, 3:07 pm IST
Flash Update: Hindalco Industries | Scaling up, slimming down and standing strong
“We attended the investor day of Hindalco, hosted by Mr. Kumar Mangalam Birla (Chairman), Mr. Satish Pai (MD) and others. The key takeaways from the meet are 1)The margin expansion from current sub ~US0/t EBITDA/t to US0/t at Novelis will be led by a) operating leverage from scale – primarily led by Bay Minette and de-bottlenecking projects b) pricing – renewed pricing contracts for beverage sheets c) product mix – sustained high margin auto product volumes in the mix d) operational efficiencies (US0mn) – phasing out sub-optimal plants like Richmond; savings driven by SG&A initiatives e) increased recycling content from current 63% to 75% by 2030. Indian aluminum operations will benefit on account of a) higher captive coal in the mix with mines getting operational in the medium term – Meenakshi / Chakla b) volume growth led by growth projects in aluminium (180ktpa) / FRP (170ktpa) / alumina (850ktpa) operations. The Company reinstated its Net debt to EBITDA guidance for the consolidated entity to ~2x and for Novelis ~2.5x. Current capital expenditure program includes USbn for India and USbn for Novelis. The company continues to maintain a strong ROIC focus alongside 8-10% of the FCF committed towards return to shareholders. The current Net debt to EBITDA stands at ~1.3x. The outlook for Hindalco continues to be buoyant given resilient performance by India aluminium operations and enhanced coal security. Re-iterate BUY,” said Ashutosh Somani of JM Financial Institutional Securities.
Apr 02, 2025, 3:05 pm IST
Indian companies hit a record high in fundraising via debt and equity in FY25, with Rs 3.88 lakh crore raised—driven by soaring valuations and a revival in IPOs
“This euphoria of capital raise was fuelled by extremely positive primary market conditions, the trend of exiting after listing gains became a ‘herd mentality’ game. Most primary issues (IPOs/QIPs/FPOs) etc listed above the issue price. In- fact under-performance in secondary markets was caused partially by movement of portfolio allocation from MFs/listed stocks to IPOs. Latter part of the year saw a trend reversal of this game, which may be paradigm going forward. Unlikely that this trend will continue as there are several VUCA factors that will prevail globally affecting domestic and international trade opportunities thereby causing the investors to stay cautious. Some large pending IPOs may see light of the day but a lot of FPOs, QIPs will be held back considering market conditions,” said Akshay Gupta, Director, Prime Securities.
Apr 02, 2025, 3:03 pm IST
Federal Bank Shares In Focus
Today, Federal Bank unveiled the Fed StarBiz, a credit card created specifically for business clients, as a new addition to its product line. Federal Bank established this in partnership with Visa, a multinational payments technology company, and NPCI, a governing body that runs retail payments and settlement systems in India. Fed StarBiz offers a number of features and advantages that improve ease and financial management in order to meet the specific demands of SME clients.
Apr 02, 2025, 2:19 pm IST
IDFC FIRST Bank In Focus
Today, IDFC FIRST Bank declared that the Central Pension Accounting Office (CPAO), Government of India, has given it permission to pay pensions on its behalf. All India Service Officers, former Members of Parliament, retired High Court and Supreme Court judges, former Indian Presidents and Vice Presidents, and representatives of Civil Ministries and Departments (apart from Railways, Posts, Telecom, and Defense) are among the Central Government pensioners to whom the bank is able to provide pension benefits directly in their IDFC FIRST Bank savings account.
Apr 02, 2025, 1:43 pm IST
Stock Market Live Updates
Top 5 Gainers And Losers Today
Apr 02, 2025, 12:48 pm IST
Markets Live Updates: Gold Prices Cautious
Gold prices in India witnessed a correction in their record rally party on Wednesday, as investors braced for Donald Trump and his significant tariff announcement ahead of the day. Nonetheless, gold prices globally continued to trade near their record levels. MCX gold price still traded near Rs 91,000 per 10 grams mark, while 24K gold prices were unchanged. Comex gold traded around ,130 an ounce. Is the rally party over in gold?
Apr 02, 2025, 12:09 pm IST
Stock Market Live: Central Bank of India, Gensol, etc Among Top Losers on NSE
Stock Market Live: Central Bank of India, Gensol, Shaily, PSB, Dangee Dums, etc appeared as the top laggards on NSE. On BSE, shares of Fortis, BEL, AstraZeneca Pharma, and Bajaj Holdings were trading in red on Wednesday.
Apr 02, 2025, 11:58 am IST
Stock Market Live: Nifty Bank Surges, IndusInd Bank, HDFC Bank Amid Top Gainers
Stock Market Live: Nifty Bank indices surged significantly during Wednesday's trading session. HDFC Bank, IndusInd Bank, etc emerged as top gaining stocks of the sectoral index.
Apr 02, 2025, 11:44 am IST
Stock Market Live: Broad Market Indices Trade in Green
Stock Market Live: Broad market indices are trading in green on Wednesday. Nifty Midcap 50, Nify 100, Nifty 200, Nifty 500, were trading emerged as top gainers among indices on Wednesday's trading session.
Apr 02, 2025, 11:33 am IST
Stock Market Live: Tata Consumer Share Price Jump 8%, What's Driving the Rally?
Stock Market Live: Tata Consumer share price jumped nearly 8% during intraday trade on Wednesday after Goldman Sach upgraded its ratings and raised the price target. The company's stock market capitalisation stood at Rs 1,05,485.02 crore
Apr 02, 2025, 11:05 am IST
Stock Market Live: PSU Bank Stocks Continue Their Loses, Central Bank Down 9%
Stock Market Live: PSU bank stocks continued their downward trend on Wednesday. Central Bank of India was trading 9% lower and emerged as the top laggards on NSE. Punjab & Sind Bank shares continued to decline
Apr 02, 2025, 10:43 am IST
Stock Market Live Updates: India Manufacturing PMI adjusted upward to 58.1
Stock Market Live Updates: India's manufacturing industry has progressed in March this year. The HSBC India Manufacturing PMI surpassed the flash estimated and was adjusted upward to 58.1 in March 2025. The figure also exceeded February's reading reaching at the highest level since July 2024.
India registered a 58.1 manufacturing PMI in March, up substantially from 56.3 during the previous month. Although international orders slightly slowed, overall demand momentum remained robust, and the new orders index recorded an eight-month high of 61.5. Strong demand prompted firms to tap into their inventories, causing the fastest drop in finished goods stocks in over three years. Business expectations remained fairly optimistic, with around 30% of survey participants foreseeing greater output volumes in the year ahead, compared to less than 2% that anticipate a contraction," said Pranjul Bhandari, Chief India Economist at HSBC
Apr 02, 2025, 10:19 am IST
Stock Market Live: Auto, Bank, IT stocks trade in green
Stock Market Live: Top stocks related to auto, bank, and IT sector were trading in green on Wednesday. Nifty Auto was up 0.47%
Apr 02, 2025, 9:44 am IST
Fsn E-commerce Ventures: Step up in BPC customer acquisition encouraging. Maintain ADD
“Nykaa’s core BPC online AUTC/orders are likely to grow at 20/21% CAGR along with rising order frequency over FY25-27E vs a soft 17% in FY24 as focus has decisively shifted toward customer acquisition in core BPC. Teething issues in its new ad tech stack now seem to have settled. Ergo, ad/shipping income (non-linear) which bottomed out in FY24 is normalizing upwards (8.6% to 9.8% of NSV in 9MFY25). What is more encouraging is that despite the step-up in customer acquisition (core online BPC), purchase frequencies, AOVs and customer engagement have only improved. On the margin front, BPC (despite the rising eB2B skew in GMV) has maintained its margins (8.6% of NSV) over 9MFY25. Fashion losses continue to ebb with improving AOVs, take rates, and higher other income. If one were to value the core BPC at 39x FY27 EV/EBITDA, then we are effectively paying only for the core online BPC business, while fashion and eB2B business remain optional value. We reiterate our ADD rating with a DCF-based TP of INR 180/sh (implying 47x EV/EBITDA) on a consolidated basis,” said HDFC Securities.
Apr 02, 2025, 9:18 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments
The element of uncertainty regarding reciprocal tariffs is expected to come down with the tariff declaration today. But considering Trump’s flip flops on tariffs earlier, the uncertainty is likely to continue beyond today. It appears that FIIs turning buyers in the last several trading days of March was triggered by end of year considerations. The short-covering which FII buying triggered contributed to India’s outperformance in March. Now with FIIs selling for Rs 10255 crores in the cash market in two days, the shorting has resumed. This was reflected in the 353 point sharp cut in Nifty yesterday.
Investors can wait for clarity to emerge regarding tariffs and market trends. If the tariffs are worse-than-expected there can be another round of sell-off in the market. Even in such a scenario domestic consumption driven sectors will remain resilient.
Apr 02, 2025, 9:15 am IST
Nifty Technical Outlook By Anand James, Chief Market Strategist, Geojit Investments Limited
The five day decline from the interim top has now reached the 38% fibo of the 4th March to 25th March ascent. Ideally this presents the best opportunity for bulls to regroup and launch a recovery move aiming 24200. The nearest support below 23137 is seen at 23050-22960. That said, penetration of the same may not revive calls for a crash to 21800 right away, as 22730-650- 522 appear well equipped to fend off large downside attempts for now.
Apr 02, 2025, 9:12 am IST
Bank Nifty Holds 50,000 Support—Accumulation Opportunity?
“We expect the index to extend the last five session consolidation in the broad range of 52,000-50,000 thus forming a base for the next leg of up move and in the process work off the overbought condition developed in the daily stochastic after recent rally of 4200 points. We believe the current breather should be used to accumulate quality banking stocks as we expect the index to sustain above the recent major breakout area of 50,500-50,000 and gradually head towards 53,000 levels in coming weeks being the measuring implication of the recent 10 weeks range breakout,” said the technical research team of Bajaj Broking.
Apr 02, 2025, 9:11 am IST
Nifty In A Range: Overbought Conditions Eased, 24,200 In Sight?
“Index on expected lines post breakdown below last week low 23,400 extended decline and closed below 23,200 levels. Overall Nifty is seen consolidating in the range of 23,800-23,000 in the last 5 sessions, thus working off the overbought condition after recent sharp rally of 1900 points. Index has already taken 5 sessions to retrace just 50% of its preceding 6 sessions up move (22,353-23,869). A shallow retracement signals overall positive price structure. We believe the current breather should be used as a buying opportunity in quality stocks in a staggered manner for up move towards 24,200 levels in the coming weeks. With key supports placed at 23,000-22,800 levels,” according to Bajaj Broking Research.
Apr 02, 2025, 8:28 am IST
Bank Nifty Turns Bearish After Breaching 200-Day SMA—Key Levels To Watch
“Technically, Bank Nifty breached support near the 200-Day Simple Moving Average (200-DSMA) and formed a bearish candle on the daily chart, indicating weakness. On the downside, the next major support for the index is placed near 50,650, while 51,020 will act as an immediate hurdle, where the 200-DSMA is positioned,” commented Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.
Apr 02, 2025, 8:28 am IST
Nifty Weakens Below 100-DEMA—Key Levels To Watch For Traders
“Technically, on the daily chart, Nifty broke the support of the 100-Day Exponential Moving Average (100-DEMA), placed near 23,400, and formed a large red candle, signalling weakness. However, on the downside, the previous breakout point and the psychological level of 23,000 will act as strong support for the Nifty. On the upside, 23,400 will serve as an immediate hurdle for the index. Traders should monitor these levels for potential trading opportunities,” commented Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).
Apr 02, 2025, 8:23 am IST
Nifty Tests Crucial Support At 23100: Key Levels To Watch For Bullish Bounce
“Nifty has retraced 38.2% of its recent rally and is now testing a crucial support zone around 23100, which aligns with the 20 DEMA and 50 DEMA. Holding this level will be key; a breach could push prices lower toward the 23000–22900 range. Looking back at March’s bullish candle, we had advocated a buy-on-dip approach, making the mentioned support levels critical. For bullish momentum to regain strength, Nifty needs to close above the 89 DEMA at 23350, followed by a break above today’s high near 23600. Traders should monitor these levels closely and plan their trades accordingly. Given the ongoing geopolitical uncertainties and the likelihood of volatile swings, it is advisable to remain cautious, avoid complacency, and limit overnight exposure,” said Rajesh Bhosale, Equity Technical Analyst, Angel One.
Apr 02, 2025, 8:18 am IST
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Nifty Bank has broken out of its consolidation zone, underscoring a cautious market sentiment. A surge in call writing at higher levels, coupled with put unwinding, has intensified downward pressure on the index. The lack of sustained buying interest has led to every minor rise being met with renewed selling, while a close below 51,000 signals a continuation of supply pressure. The RSI dipping below 60, alongside the index failing to sustain at higher levels, suggests that upward movements are short-lived and being used to initiate fresh shorts. The 51,500–51,700 range remains a strong supply zone, where prior support has turned into a firm resistance due to consistent call accumulation. On the downside, the 51,000–50,500 range serves as a critical support, bolstered by significant put writing and psychological demand. A decisive breakout above 51,500 could reignite bullish momentum, but with call writers strengthening their hold and put unwinding in progress, traders should brace for continued selling pressure, punctuated by brief recoveries. As long as Nifty Bank remains below 51,500, a sell-on-rise strategy remains the preferred approach. Meanwhile, a break below 50,800 could trigger the next leg of downside, potentially dragging the index toward 50,500 in the near term.
Apr 02, 2025, 8:18 am IST
Bank Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Derivative data suggests a bearish inclination, with call writers overpowering put writers, indicating a decline in market confidence. Significant call writing at the 52,000 strike (9.69 crore contracts) has established it as a strong resistance, while notable put writing at the 50,000 strike (9.22 lakh contracts) underlines a firm support base, reflecting waning bullish conviction at lower levels. The 51,500–51,700 region has now transformed into a supply-heavy zone, supported by aggressive call writing, whereas the 51,000–50,700 area saw sustained put buildup, reinforcing it as a key support region. The Put-Call Ratio (PCR) slipped from 0.99 to 0.90, signalling a cautious stance among traders. With Max Pain at 51,300, bears are absorbing any buying interest, potentially setting the stage for further downside risks.
Apr 02, 2025, 8:16 am IST
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Nifty has decisively broken out of its recent narrow trading range, hinting at a shift in sentiment. With a noticeable uptick in call writing at higher levels and unwinding of put positions, strong selling pressure persists. The absence of buying interest has led every minor rally to be met with renewed short positions, while a close below its 200-day EMA further reinforces a bearish undertone. RSI closing below 60, together with index’s failure to sustain at higher levels, suggests that upward movements are short-lived and met with selling interest. The 23,500–23,350 zone remains a critical supply region, where consistent call accumulation has turned prior support into a firm resistance. On the downside, the 23,200–23,000 range holds as a crucial support zone, backed by heavy put writing and psychological support. A decisive breakout above 23,500 could restore bullish momentum, but with call writers tightening their grip and continued put unwinding, traders should brace for further selling pressure with occasional short-covering bounces. As long as Nifty trades below 23,500, a sell-on-rise strategy remains optimal. Conversely, a break below 23,150 could trigger another downward move, potentially dragging the index toward 23,000 in the near term.
Apr 02, 2025, 8:16 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Derivatives data reflects a strong bearish bias, with call writers overpowering put writers, indicating a deterioration in market sentiment. The 23,500 strike saw substantial call writing (1.37 crore contracts), firmly establishing it as a major resistance level. Meanwhile, put writing at 23,000 (75.81 lakh contracts) highlights a crucial support zone, but diminishing bullish confidence at lower levels is evident. The 23,300–23,500 zone has transformed into a supply-heavy region, backed by aggressive call writing, while the 23,000–23,200 range witnessed steady put accumulation, signalling short-term support. The Put-Call Ratio (PCR) slipped from 0.78 to 0.63, reflecting cautious trader positioning. With Max Pain at 23,300, bears are absorbing buying attempts, hinting at potential downside pressure ahead.
Click it and Unblock the Notifications
Sign in with Google