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Nifty breaks out of five week's consolidation, 25200 in sight

RBI raised its inflation forecast across periods by around 30 bps. 

RBI, in its monetary policy, has announced a slew of measures which is seen to ease challenge on deposit accretion faced by banks since couple of quarters. 

Wholesale volume prints for the month of November 2024 were broadly stable. 2Wand PV witness a steady growth while CV reported a flattish performance.

The Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for 5 capital acquisition proposals amounting to over Rs 21772 crore

Housing Sales momentum strong; expect the trend to sustain

Aster DM Health and Blackstone-backed Quality Care (QCIL) have agreed to merge and create one of the top 3 Hospital Chains in India. 

Star Cement: Adani group is evaluating acquisition of Star Cement

Saregama India (Saregama) is India’s oldest music label owned by RPSG Group with ~1.6+ lacs songs, which is monetized over various formats such as digitals (streaming, YouTube), physical (Carvaan) and television

Equity benchmark extended gains over second consecutive week fueled by state election outcome that coupled with firm global cues. Broader market remained outlier as Midcap, Smallcap gained 2.3% and 4.5%, respectively 

A government panel is reviewing the CPI basket and the base year revision of the inflation series as the CPI was last revised in 2011-12. New CPI series with revised weightages is likely to be released from April 2025.

M&M has launched Electric Origin SUVs, the BE 6e and XEV 9e, on November 26, 2024, in Chennai, with introductory prices of ₹18.9 lakh and ₹21.9 lakh, respectively.

Ola Electric has announced the launch of its new range of electric scooters

HMSI has officially launched its first electric scooters in India, the Activa E and QC1, marking a significant entry into the growing electric vehicle market.

Speculation on IRDAI tightening distribution norms hits life insurance stocks

LTI Mindtree Analyst Meet Key Takeaways: Showcases strong AI capabilities; Aspires for US$10 bn revenues by FY31/32

Siemens reported decent set of Q4FY24 results. Consolidated revenues grew by 11% YoY to Rs. 6461 crore. Segmentally, Energy (34%of consolidated revenue share), Smart Infrastructure (30%), Digital Industries (17%) and Mobility (14%) segment revenues grew by 12.4%, 7.6%, 11% and 24% respectively on a YoY basis.

HPL Electric & Power (HPL), incorporated in 1992, is among India’s leading electric equipment manufacturer with a formidable presence across two major segments, 1) Metering & Systems and 2) Consumer & Industrials.

FII's selling continued amid rise in US Dollar index and bond yields that weighed on market sentiment

CPI Inflation – without vegetables led inflation, CPI would have been < 4%

Highest ever inflows in October at Rs 42000 crore Vs Rs 34400 crore in September.

The trend emerging from Pharma Q2FY25 numbers indicates decent performance by US and India.

Eicher Motors: Reports steady performance in Q2FY25; Guides healthy performance for H2FY25

Ratnaveer Precision Engineering Ltd (RPEL), is a Gujarat based stainless steel (SS) product manufacturer focused on producing finished sheets, washers, pipes and tubes. Demand of SS sheets has been increasing at a CAGR of ~13% over the last 5-6 years. Going ahead, demand for SS sheets is expected to remain healthy at over the next 5 years, mainly driven by increasing usage in elevators, escalators, commercial kitchens, bus bodies, metro and railways coaches etc

Wholesale volume prints for the month of October 2024 were broadly healthy led by robust double digit volume growth in 2-W and tractor domains.

M&M: Reports healthy performance in Q2FY25, guides for upbeat H2FY25

Healthcare – strong numbers from

Defence Companies Q2FY25 performance

Steel Players: Cheap Steel Imports has weighed on realization and profitability, Guides for better performance in H2FY25

We believe that Engineers India is well positioned to capitalize on the large pipeline of refinery & petrochemical capex in India. The company is also strongly focused on enhancing its green energy business by engaging in projects in green hydrogen & ammonia, biofuels, coal gasification etc

Defying the global trend Nifty consolidated in narrow range to settle down with a cut of 1% at 24700 amid mixed Q2 earnings.  

IT Companies – Steady quarter, muted H2

Axis Bank reported mixed performance in Q2FY25 results, with moderation in advance growth and decline in margins were offer by treasury gains and one-off tax inflow thereby aiding earnings.

Bajaj Auto reported steady performance in Q2FY25. Total operating income for the quarter came in at ₹ 13,127, up ~22% YoY amidst 16% YoY growth in volumes at 12.21 lakh units.

Domestic Tyre Space: Gross margin decline on expected lines, commentary awaited amid course correction in rubber prices

Sudarshan chemicals has entered into a definitive agreement to acquire Germany-based Pigments major Heubach Group, in one of the largest outbound deals in the Indian Chemicals context.

Waaree Energies IPO

Newgen is a low code application development platform company. It is an established player in the market of enterprise content management (ECM), business process management (BPM) & customer communications management (CCM).

IT Q2FY25 Preview: Gradual recovery likely; Outlook commentary key ahead

Cabinet Committee on Security (CCS) has approved acquisition of major defence platforms worth Rs 80,000 crore.

SKF India's board has approved the demerger of its automotive and industrial businesses.

JK Lakshmi Cement – Strong focus on capacity expansion and cost control 

Nifty snapped three-week winning streak tracking intensified geopolitical worries and settled the week with a cut of 3% amid heavy sell off by FII's. However, metal space continued to shine tracking Chinese stimulus  

SEBI has converted its consultation paper into regulation by adopting almost every point to discourage F&O trading in its recent regulation.

Monsoon 2024: Above normal at 108% of LPA

Auto September Volumes: 2-Ws continue to outshine, CV’s stage deep decline

Post banning one NBFC for irregularities, RBI has released a circular citing reviewing procedures followed in gold loan business and has asked lenders to adhere to the prescribed norms. In the circular, central bank has highlighted deficiencies including

Banks expected to deliver mixed performance in Q2FY25 with pressure on margins to continue amid challenge on liabilities front, however, moderation in opex could offset the impact keeping return ratio steady.

As per media sources, the steel ministry is seeking a 100% increase in basic custom duty on the import of steel from China.

Buy dips in monthly expiry week as Nifty eying 26200