Analysis Financial News

On the BSE, Longview Tea(down 17.72 per cent), Palash Securities(down 11.04 per cent), Nova Pub(down 10.89 per cent), Kakatiya Text(down 10.46 per cent) and Diggi Multitrade(down 10.08 per cent) stood among the top losers in today's trade.

Shares of Biocon Ltd.(up 6.15 per cent), Divi's Laboratories Ltd.(up 4.5 per cent), Natco Pharma Ltd.(up 3.7 per cent), Granules India Ltd.(up 2.78 per cent) and Mankind Pharma Ltd.(up 2.7 per cent) ended the day as top gainers in the pack.

JHS Svendgaard Laboratories Ltd.(up 4.69%), Umang Dairies Ltd.(up 4.64%), Vadilal Industries Ltd.(up 3.57%), Heritage Foods Ltd.(up 3.56%), Sheetal Cool Products Ltd.(up 3.30%), Nakoda Group Of Industries Ltd.(up 3.09%), Patanjali Foods Ltd.(up 2.82%), Prataap Snacks Ltd.(up 2.69%), ADF Foods Ltd.(up 2.62%) and Dodla Dairy Ltd.(up 2.52%) stood among the top gainers.

NMDC Ltd.(up 5.60%), Sandur Manganese & Iron Ores Ltd.(up 5.13%), Aro Granite Industries Ltd.(up 4.27%), Gujarat Mineral Development Corporation Ltd.(up 3.74%), KIOCL Ltd.(up 3.62%), Lexus Granito(India)Ltd.(up 3.52%), Oriental Trimex Ltd.(up 3.50%), The Orissa Minerals Development Company Ltd.(up 3.10%), Madhav Marbles & Granites Ltd.(up 2.05%) and MOIL Ltd.(up 1.88%) stood among the top gainers.

European shares recouped some losses on Tuesday after falling for two straight sessions, with automobiles and mining stocks leading gains early in the session, as government bond yields across the continent eased. The pan-European STOXX 600 was up 0.6% by 0823 GMT after falling about 1.4% in the last two sessions.

Godrej Consumer Products Ltd. 1.81 per cent to Rs 1137.75 in Tuesday's trade as of 01:48PM (IST) even as the benchmark Nifty ruled at 23154.35, 68.4 points. The scrip had closed at Rs 1158.80 in the previous session. The stock quoted a 52-week low of Rs 1055.60 and a high of Rs 1541.30. The company quoted a market-cap of Rs 116684.95 crore on the BSE.

Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week. Brent futures slipped 53 cents, or 0.7%, to $80.48 a barrel by 0746 GMT, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.6% to $78.38 a barrel.

China stocks jumped the most in over two months as local chip firms rallied after the United States stepped up its tech curbs. ** At the midday break, the Shanghai Composite index gained 1.75% to 3,216.00 points, the best single-day gain since Nov. 7. The blue-chip CSI300 index added 1.74%.

corporate earnings growth in 1HFY25, the Indian market is poised for a recovery in 3QFY25. The previous quarters have seen slower growth, primarily due to weakness in sectors like metals, oil & gas, and cement. However, we anticipate a positive shift in the upcoming quarter, driven by strong performances in key sectors such as BFSI, capital goods, technology, healthcare, and real estate. These sectors are expected to lead the recovery and drive earnings growth.

«23,000 is a support level that we are looking at and on the upside 23,500 is the resistance that we are looking at. Although if it fails to hold 23,000, we could see a more downside move towards 22,650 levels. Now, this is the range and the band coming out for Nifty,» says Shivangi Sarda, Motilal Oswal Financial Services. Give us a sense of what you are making of the market move right now because after seeing a continuous series of red, whatever little recovery we are seeing on the markets, do you think this is here to stay, this is sustainable and even though it is inch by inch, do you think we are out of the danger now? Shivangi Sarda: So, we have seen that there has been some sort of a pullback move, but of course, it is the Sankranti effect. We have seen that there has been some stability around 23,000 zones. But then again, we will have to see how sustainable these levels are because we have still not managed to cross its previous day's high.

MphasiS Ltd. traded 0.34 per cent up at Rs 2769.20 at around 01:38PM (IST) on Tuesday. The stock had closed at Rs 2778.85 in the previous session. Equity benchmark Sensex traded 179.92 points at 76509.93 around the same time.

Barflex Polyfilms was fully subscribed on Tuesday, the third day of bidding with an overall subscription of 6.11 times as of 11:40 AM. The company aims to raise Rs 39 crore through the SME IPO, with the shares set to list on the NSE SME platform. The retail portion of the issue was subscribed by 9.58 times, while the issue was subscribed 6.16 times in the non-institutional investors category on the third day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Siemens Ltd. 0.46 per cent to Rs 5777.10 in Tuesday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 23165.85, 79.9 points. The scrip had closed at Rs 5804.05 in the previous session. The stock quoted a 52-week low of Rs 3966.05 and a high of Rs 8129.95. The company quoted a market-cap of Rs 206156.38 crore on the BSE.

Marico Ltd. traded 0.9 per cent in Tuesday's session at 01:13PM (IST). The stock opened at Rs 670.00 and has touched an intraday high and low of Rs 670.00 and Rs 654.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 719.80 and a 52-week low of 486.75. About 8,895 shares changed hands on the counter so far.

ICICI Lombard General Insurance Company Ltd. 0.52 per cent to Rs 1827.25 at 01:23PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 2,543 shares with a turnover of Rs 0.48 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 40.64, while the price-to-book value ratio stood at 6.80.

«The worry is that if DXY goes back to 121 and that is the one big risk I want to highlight, it is a high probability that it can play out. And if it plays out, that can be a longer-term top also,» says Sandeep Tandon, CIO, Quant Mutual Fund. It is not turning out to be a great year so far. Will it be a great year by the time it ends? Sandeep Tandon: So, if you ask me purely from a numbers perspective can CY25 be higher than CY24, December 2024, maybe the answer could be yes globally. But what is very important for us to understand, this year is not about market or market return.

N Jayakumar, MD, Prime Securities, says despite ongoing market challenges, financials are the best investment option for the next rally. Additionally, the dollar-rupee exchange rate will benefit the pharmaceutical sector, particularly generics and exports. The IT sector may also see gains, with some benefits reaching consumers. Moreover, India's manufacturing and Production-Linked Incentive (PLI) initiatives will attract investment alongside financials. For a market where bulls were looking immortal, they are running for cover now. At the beginning of the year, the general narrative was that we are in for a good year. Now everyone is guessing what is coming next. What is your view on what lies ahead for us? N Jayakumar: The way I see this is that complacency had set in in a pretty major way and we saw that the last six months gave virtually no returns. Indices did not fall by more than 8-10% and yet portfolios were down 15% and 20%. Individual stocks were down up to 30-35%. Complacency had settled, people said it is a buy on dips. Now that particular thesis, in a sense, got challenged with this most recent correction. In the last few days, especially the last three-four days, I have seen all around capitulation coming through.

Pidilite Industries Ltd. traded 0.19 per cent in Tuesday's session at 12:52PM (IST). The stock opened at Rs 2796.75 and has touched an intraday high and low of Rs 2820.00 and Rs 2785.20, respectively, during the session so far. The stock quoted a 52-week high of Rs 3414.40 and a 52-week low of 2490.00. About 5,179 shares changed hands on the counter so far.

Lupin Ltd. traded 0.0 per cent in Tuesday's trade at 01:03PM (IST). Around 2,991 shares changed hands on the counter. The counter opened at Rs 2111.40 and touched an intraday high and low of Rs 2179.70 and Rs 2111.40, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 2403.45 and a 52-week low of Rs 1367.45.

Indian Hotels Company Ltd. traded 1.49 per cent in Tuesday's session at 01:08PM (IST). The stock opened at Rs 760.00 and has touched an intraday high and low of Rs 770.70 and Rs 751.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 894.15 and a 52-week low of 450.55. About 54,939 shares changed hands on the counter so far.

insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period. There are no other estimates on the company's third quarter profit and net premium income. However, the value of new business (VNB) growth is likely to be anywhere between 19-21% YoY during the quarter. Most estimates predict a decline in VNB margins on a YoY basis.