SRTrades

Newsletter

Market Mint newsletter directly delivered to your mail before market opens so that you are ready for the trading day. Subscribe here.👇

  • Market Mint – Is the correction over?

    Market Mint – Is the correction over?

    Morning Mint: Your Daily Market Brief

    Thursday, January 30, 2025

    Market Recap

    • Indices Rally: On Wednesday, the BSE Sensex rose by 631.55 points (0.83%) to close at 76,532.9. The Nifty 50 increased by 205.85 points (0.90%), closing at 23,163.1.
    • Sector Performance: Information Technology stocks led the gains, reflecting a global tech rebound.

    Technical Insights

    • Nifty’s Movement: A bullish candle formed on the daily chart indicates strength. Breaking above the 23,000-23,100 resistance zone suggests potential for further gains. Key resistance levels are at 23,265-23,300, with immediate support at 23,070-23,000.

    FII Activity

    • Foreign portfolio investors stayed net sellers of Indian equities for the 19th straight session on Wednesday as they sold stocks worth Rs 2,586.4 crore.

    Global Factors to Watch

    • US Federal Reserve: Investors are keenly awaiting the Federal Reserve’s statements on interest rates, which could influence global market sentiment.

    Trading Strategy

    • Key Levels: A decisive move above 23,265-23,350 may negate the bearish trend, opening doors for more upside. Immediate crucial support is at 23,000.
    • For a long position entry, it is advised to enter a long trade at a pullback towards 23,000/23,070 level, as the risk-reward would be more favorable at those levels.

    Earnings Update

    • Tata Motors Q3 Results: Tata Motors reported a 22% year-on-year decline in net profit to Rs 5,451 crore, missing market estimates. The drop was attributed to lower margins in its Jaguar Land Rover business.
    • Quess Corp Performance: Quess Corp reported a 14% increase in revenues, driven by strong hiring in the retail, telecom, and GCC sectors. The company’s total headcount also saw a significant boost.

    Stay informed and trade wisely.

    Note: This newsletter is for informational purposes only and should not be considered financial advice.

    Subscribe to our daily Newsletter here.

  • Morning Mint : Is it a dead cat bounce?

    Morning Mint : Is it a dead cat bounce?

    Morning Mint Newsletter: Is it a dead cat bounce?

    Wednesday, January 29, 2025

    Market Overview

    • Positive Close on Tuesday: The Indian stock market ended higher on Tuesday, with the  Sensex rising by 535.24 points to 75,901.41, and the Nifty 50 gaining 128.10 points to close at 22,957.25. This uptick was mainly driven by financial stocks, following the Reserve Bank of India’s measures to enhance liquidity, which has increased optimism about a potential interest rate cut in February.

    Technical Insights

    • Nifty’s Resistance and Support Levels: The Nifty index continues to exhibit a ‘sell-on-rise’ trend. Immediate resistance is identified at 23144, while support is seen at 22,860/22800.
      Momentum indicators suggest the possibility of a short-term rebound, often referred to as a ‘dead cat bounce’. Options data indicates increased put writing at the 23,000 level, signaling support for the index.

    Foreign Investment Trends

    • Continued FPI Outflows: Foreign Portfolio Investors (FPIs) withdrew ₹4,921 crore from Indian equities on Tuesday 28 January, marking the 18th consecutive session of net selling. This trend reflects ongoing caution among foreign investors regarding the Indian market.

    Global Tech Developments

    • AI Advancements Impacting Markets: The success of advanced AI models, such as DeepSeek, has caused significant shifts in the U.S. tech market. However, experts see positive implications for India’s AI sector, suggesting potential growth opportunities driven by these technological advancements.

    Looking Ahead

    • Key Factors to Watch: Traders be cautious with bounces around 23000 level as it might be a dead-cat-bounce. Trade with strict stop loss.
    • Investors should monitor upcoming Union Budget on 1st of February, markets are anticipating a tax benefit for consumers to free up cash in hand for consumers.
    • That being said, few brilliant stocks are trading at reasonable prices right now, it’s a good time to accumulate in your holdings or even add new stocks in your portfolio.

    Stay informed with Morning Mint for your daily financial news and insights.

    – Team Morning Mint

    Subscribe to our daily Newsletter here.

  • Morning Mint : Indian Markets At Seven Months low

    Morning Mint : Indian Markets At Seven Months low

    Morning Mint Newsletter

    Tuesday, January 28, 2025

    Hello friends, Indian markets declined to seven month lows on Monday January 26th. Nifty opened below crucial level of  23000 and closed at 22829.15, very near to the support level of 22786-800.

    Talking purely technically, coming days and this week ending it will be crucial for Nifty to claim 23000 level and close decisively above 23000 to give ray of hope to Bulls in the market and pause further fall in the market. All eyes on upcoming Union Budget on 1st February, Saturday.

    Global Market Overview

    • Tech Stocks Decline: On Monday, U.S. tech stocks faced significant downturns due to the emergence of DeepSeek, a Chinese startup introducing a cost-effective AI model. The S&P 500 decreased by 1.8%, and the Nasdaq Composite fell by 3.3%. Nvidia’s shares notably dropped by more than 17%. (Data at 12:40 am January 28)
    • DeepSeek’s Impact: DeepSeek’s new AI model has raised concerns among investors about increased competition in the tech industry, leading to declines in major tech stocks.

    Indian Market Insights

    • Market Performance: Indian markets declined to seven-month lows on Monday. The Sensex decreased by 1.08% to 75,366.17 points, and the Nifty 50 fell by 1.14% to 22,829.15 points. This downturn was influenced by weak earnings reports and global uncertainties.
    • Foreign Portfolio Investors (FPIs): FPIs have been net sellers in the Indian equity market for 17 consecutive sessions, offloading equities worth ₹5,016 crore recently. So far in January 2025, FPIs have sold equities totaling ₹67,022 crore, according to NSDL.

    Key Factors Influencing the Market

    • Global Economic Concerns: Ongoing global economic uncertainties, including trade tensions and interest rate decisions, continue to affect investor sentiment.
    • Corporate Earnings: Recent underwhelming earnings reports have heightened concerns about a potential slowdown in corporate profits, contributing to market declines.
    • Indian Budget announcement on February 1st is itself an enigma which is one of the big factors causing market volatility.

    Looking Ahead

    Investors are advised to monitor upcoming corporate earnings reports, union budget announcements and global economic developments closely.

    Stay informed with Morning Mint and navigate the current market volatility smoothly.

    – Team Morning Mint

    Subscribe to our daily Newsletter here.

  • Market Mint – 24 Jan ’25

    Market Mint – 24 Jan ’25

    Morning Mint | Newsletter for January 24, 2025
    Kickstart your day with the latest insights from the Indian financial markets!

    📉 Market Overview: Nifty Outlook

    • The Nifty is expected to trade in a rangebound manner below 23350/400 for coming days because of uncertainty lingering due to upcoming Budget day on  01 February.
    • Key resistance remains at 23,350-400, while nearest support is visible at 23000.
    • Analysts suggest that 23,150 will be crucial to maintain a positive trend, and a breach below could invite further selling pressure.
    • Sectors to watch: IT, Metals, FMCG  and Pharma.

    📈 Factors Driving Today’s Market Action

    1. Global Trends: Mixed cues from US and European markets.
    2. Foreign Institutional Investors (FIIs): Foreign portfolio investors stayed net sellers of Indian equities for the 15th straight session on Thursday, as they sold stocks worth Rs 5,462.52 crore.
    3. Earnings Reports: Key results from Adani Green Energy, United Spirits, and Mankind Pharma are likely to influence specific stock movements.

    🛠️ Stock-Specific Updates

    Mankind Pharma Q3 Results

    • Net Profit dropped 16% YoY to ₹385 crore, compared to ₹458 crore in Q3FY24.
    • Revenue increased by 17% YoY to ₹3230 crore, driven by strong domestic performance.
    • Management attributed the profit decline to higher expenses and slower international growth.

    United Spirits Q3 Results

    • Reported a 4.3% drop in net profit to ₹335 crore, compared to ₹350crore YoY.
    • Revenue increased marginally  to ₹7,732 crore against ₹6,962 crore YoY, indicating muted demand in premium segments.

    Adani Green Energy Q3 Results

    • Net profit surged 85% YoY to ₹474 crore vs ₹256 crore, fueled by higher solar capacity utilization.
    • Revenue increased by 2.3% to ₹2,365 crore vs ₹2,311 crore, reflecting strong operational performance.
    • This marks a positive sentiment for renewable energy stocks.

    🌍 FII Positions Update

    • The FIIs bought index futures worth Rs 717.85 crore and options worth Rs 633.05 crore.
    • Call writing was noted at the 23,400 strike price, indicating resistance at higher levels.
    • Strong buying in select midcaps and financials shows FIIs are betting on domestic growth.

    📊 Pro-Tip for Traders

    • With markets rangebound, focus on swing trades in defensive sectors like IT and Pharma.
    • Watch for breakouts above 23350-23,400 for bullish trades or below 23000-22900 for bearish setups.

    Stay informed, stay ahead!
    Team Morning Mint

    Subscribe to our daily Newsletter here.

  • Morning Mint – 23 Jan ’25

    Morning Mint – 23 Jan ’25

    Morning Mint Newsletter

    Thursday, January 23, 2025

    Market Overview

    • After a sharp decline to a seven-month low due to tariff concerns, India’s benchmark indices experienced a modest recovery on Wednesday.
      The Nifty 50 rose by 0.57% to 23,155, and the Sensex increased by 0.75% to 76,405 This uptick was supported by gains in HDFC Bank due to expected result, climbing about 1.4%.

    Corporate Earnings

    • HDFC Bank: India’s largest private lender reported a standalone net profit of ₹16736 crore for the third quarter ending December 31, aligning closely with analyst expectations.
      However, the bank’s asset quality declined, with gross non-performing assets (GNPA) rising to 1.42% from 1.36% in the previous quarter, primarily due to an increase in bad agricultural loans. Provisions for bad loans and contingencies also grew by 17%, reaching ₹3154 crores

    Technical Insights

    • The Nifty 50 formed a hammer candlestick pattern on the daily chart, indicating a potential reversal if the index sustains above 23,300/350 levels.
      Immediate resistance is at 23,265, with potential targets between 23,600 and 23,800 upon a breakout. Conversely, a close below 23,000 could signal a bearish trend, possibly dragging the index down to 22,800 and eventually 22500.

    Investor Activity

    • Foreign Portfolio Investors (FPIs) continued their selling streak for the 14th consecutive session on Wednesday, offloading Indian equities worth ₹4,026.25 crore.
      In contrast, Domestic Institutional Investors (DIIs) were net buyers for the 25th straight session, purchasing equities amounting to ₹3,640.22 crore.

    Upcoming Events

    • Investors are keenly awaiting third-quarter earnings reports from major companies, including UltraTech Cement, ICICI Bank, Adani Green, Adani Energy, Mphasis, and Tejas Network, to gauge market direction.

    Stay informed with Morning Mint for the latest updates in finance and business.

    Subscribe to our daily Newsletter here.

  • Morning Mint – 22 Jan ’25

    Morning Mint – 22 Jan ’25

    Morning Mint Newsletter

    Wednesday, January 22, 2025

    Market Overview

    • Indian equity markets were extremely volatile through out the day, and experienced a downturn on Tuesday, influenced by global trade uncertainties and domestic factors.
    • The Sensex declined by 1.60%, closing at 75,838.36 points, while the Nifty 50 dropped 1.37% to settle at 23,024.65, very close to the psychological level of 23000.
    • Despite the Open near 49500, Nifty Bank closed below 48600 at 48570. Any upside attempt in the markets were eventually failed in Tuesday market.

    Key Influences on the Market

    • Global Trade Concerns: U.S. President Donald Trump’s announcement of potential 25% trade tariffs on Mexico and Canada has introduced uncertainty, affecting investor sentiment worldwide.
    • Foreign Portfolio Investors (FPIs): FPIs have been net sellers in the Indian market for 13 consecutive sessions, offloading approximately ₹6.7 billion in January.
    • Domestic Institutional Investors (DIIs): While the FIIs been selling, DIIs continue to support the market, mitigating some of the impacts of FPI outflows.

    Technical Insights

    • The Nifty index formed a bearish engulfing pattern, indicating potential continued bearish momentum. Tuesday’s candle on Nifty chart is seen engulfing last 6 days’ candles.
    • Support Level: 23,000 points. A drop below this could lead to further declines towards the 22,786 – 22,500 range.
    • Resistance Levels: 23,300 and 23,500. A sustained move above these levels would be necessary to confirm a bullish reversal.

    Global Factors to Watch

    • Bond Yields: Rising bond yields are drawing investments away from equities and increasing corporate borrowing costs.
    • Federal Reserve Policies: Investors are anticipating the Federal Reserve’s decisions on interest rates, with expectations of a quarter percentage point cut.

    Stocks in Focus

    • Zomato: Shares fell by 10.5% due to disappointing quarterly profits.
    • Mankind Pharma: Experienced a 5.4% decline following a rating downgrade.
    • Apollo Hospitals: Saw a 2% increase after an analyst upgrade.

    Investor and Trader Advisory

    • Given the current volatility, investors are advised to exercise caution.
    • Implementing strict stop-loss measures is recommended for traders. Remember, ‘Cash in hand’ is also a position in the market

    Stay informed with Morning Mint, your daily companion for market and corporate updates!

    Subscribe to Morning Mint Newsletter here.

  • Morning Mint – 21 Jan ’25

    Morning Mint – 21 Jan ’25

    Morning Mint Newsletter

    Tuesday, January 21, 2025

    Market Overview

    • Key Indices:
      • The Nifty 50 closed at 23344 near the critical resistance level of 23,350. Nifty jumped back after testing the support of 23170 in the morning session and crossed above 23350 by the afternoon. Nifty remained in a range of 60 points for rest of the day after the upside move and closed at 23344
      • The session reflected mixed trends due to foreign outflows and mixed corporate earnings.
      • Important Levels for Nifty 50 for today:
        Support: 23,265/50, 23170/50
        Resistance: 23390, 23480, 23570
    • Foreign Portfolio Investors (FPIs):
      • FIIs sold equities worth ₹4,337 crore, marking the 12th consecutive session of net outflows.

    Global Insights

    • Tech Sector and Trump Policies:
      • Trump is back in the White House. Trump is sworn in as 47th president of the USA.
      • Global analysts are believing Trump’s comeback in the White House might prove to be a good news for tech industries. In this anticipation BTC is also trading near the ATH and Nasdaq is only around 700 points away from its ATH.

    Corporate Updates

    • Zomato Q3 Results:
      • Zomato posted a 57.2% decline in net profit, recording ₹59 crore versus ₹138 crore in the same quarter last year.
      • The decline was attributed to increased operational costs tied to Blinkit’s expansion.
    • HUL Q3 Preview:
      • Hindustan Unilever (HUL) is likely to report a muted quarter, with sequential volume declines, reflecting weak rural demand and limited pricing power.

    Currency Update

    • The Indian Rupee appreciated by 5 paise, closing at ₹86.55 against the US Dollar.
    • Positive domestic equities and moderating global oil prices supported the currency.

    Stocks to Watch

    • Wipro:
      • Reported a 24% rise in Q3 net profit, standing at ₹3,354 crore, with slight revenue growth of 0.5%.
    • Kotak Mahindra Bank:
      • The bank’s Q3 net profit increased by 10%, reaching ₹3,305 crore, supported by better interest income.
    • Adani Energy Solutions:
      • Plans to raise ₹4,200 crore through a qualified institutional placement to fund infrastructure projects.
    • Motilal Oswal Financial Services:
      • Strong growth across business segments led to a 15% increase in net profit for Q3.

    That’s all for today morning, folks! Have a great day.

    Stay informed with Morning Mint, your daily companion for market and corporate updates!

    Subscribe to Morning Mint Newsletter here.

  • Market Mint – 18 Jan ’25

    Market Mint – 18 Jan ’25

    Morning Mint Newsletter
    Date: January 18, 2025

    On Friday, Nifty50 closed at 23203. Nifty remained dull after the morning session and traded in a tight range below  23265.
    Nifty will continue to be under pressure until and unless Nifty could strongly break above 23350.

    On the other hand, Bank Nifty was dragged down on Friday because of weak results of Axis Bank and in anticipation of more weak results coming. Bank Nifty closed 48540.

    Top Headlines of the Week

    • Rupee Depreciation Continues:
      • The Indian Rupee saw further depreciation amid global economic uncertainties. USD INR stands at around 86.55.
      • Potential discussions about the 8th Pay Commission and its impact on government expenditure are in focus.
      • US sanctions on oil exports stirred the global energy market, adding pressure to developing economies like India.
    • Foreign Portfolio Investors (FPIs) Exit Indian Markets:
      • FPIs have sold Rs. 33,181 crore in the past eleven sessions, maintaining their stance as net sellers.
      • Global market volatility and tightening monetary policies in advanced economies appear to be key factors.
    • SEBI Pushes for Greater Transparency in Mutual Funds:
      • SEBI has instructed mutual funds to disclose the information ratio of schemes to investors.
      • This move aims to improve transparency and help investors make better decisions based on scheme performance.

    Markets and Finance

    • Cryptocurrency Surges:
      • Bitcoin prices soared past $100,000 this week, driven by speculation of early action on crypto regulation by former US President Donald Trump.
      • Experts suggest heightened market interest in digital assets despite regulatory uncertainties.
    • Corporate Earnings:
      • Wipro:
        • Reported a 4.5% quarter-on-quarter (QoQ) rise in net profit to Rs. 3,354 crore in Q3 FY25.
        • The company outperformed market expectations, reflecting strong operational performance.
      • SBI Life Insurance:
        • Posted a 71% jump in net profit for Q3, reaching Rs. 550.82 crore.
        • The surge is attributed to higher premium income and effective cost management.

    What to Watch This Week

    • Impact of US Oil Sanctions:
      • Analysts are closely monitoring how sanctions on oil exports will affect crude prices and India’s import bill.
    • Investor Sentiment in Indian Markets:
      • With continued FII selling, Indian equities may remain under pressure.
    • Corporate Earnings Season:
      • Results from key players in the banking and technology sectors will set the tone for market sentiment.
        Zomato, Kotak Mahindra Bank, HDFC Bank, HUL, Persistent Systems, Coforge are expected to announce results in the next week.

    Quote of the Day: “Investing in knowledge always pays the best interest.” — Benjamin Franklin

    Morning Mint Insights: Stay informed and make smart financial decisions. We’ll keep you updated with key trends and data every morning.

    Join our newsletter mailing list here.

    Have a great weekend!

  • Market Mint – 17 January ’25

    Market Mint – 17 January ’25

    Morning Mint Newsletter

    Good Morning Readers, ☕

    Here’s a quick roundup of the top business and market stories to kickstart your day: 🚀

    Markets at a Glance 📊

    • Sensex Gains Momentum: Sensex surged by 319 points, while Nifty maintained a strong position above 23,300, signaling positive investor sentiment. Stay tuned for updates as corporate earnings season continues.
    • Breakout Stocks to Watch: Keep an eye on BSE, GMDC, and HDFC Life as analysts identify these as potential breakout opportunities for Friday’s trade.

    Corporate Highlights 💼

    • Axis Bank Posts Growth: Axis Bank reported a 4% increase in Q3 net profit, amounting to ₹6304 crore. The bank’s steady performance reflects robust growth in its core banking operations.
    • Infosys ADRs Plunge: Despite an upward revision in revenue guidance, Infosys ADRs dropped over 6% post-Q3 earnings. The market responded to concerns over operating margins.
    • Adani Group in Focus: Shares of Adani Group surged as the founder announced the disbanding of Hindenburg Research’s allegations, signaling restored investor confidence.
    • Reliance Q3 Results: Reliance Industries reported a 7.4% rise in net profit for Q3, driven by a rebound in retail and higher telecom earnings.

    Sectoral Updates

    • Textile and Apparel Exports Rise: Despite global challenges, the Indian textile and apparel industry has managed to register growth. Strong demand from key markets contributed to this performance.

    Economic Insights 📊

    • Impact of a Weakening Rupee: The Indian rupee’s depreciation continues to affect various sectors, from imports to inflation. Export-driven industries, however, stand to benefit from the trend.

    FII Positions to Note 📈

    • Foreign portfolio investors sold stocks worth Rs 4,342 crore, as they remained net sellers for the 10th session in a row.
    • Domestic institutional investors have been buyers for 22 consecutive sessions and bought stocks worth Rs 2,928.7 crore, as per the provisional data shared by the National Stock Exchange.

    Key Levels for Nifty50 and Bank Nifty 📉📈

    • Nifty50:
      • Support: 23265 / 23155
      • Resistance: 23350 / 23460
    • Bank Nifty:
      • Support: 49000 / 48600
      • Resistance: 49754 / 49900 / 50000

    These levels could guide intraday trading strategies as the markets react to global and domestic factors.

    That’s all for this morning! Keep an eye on the markets and stay updated with Morning Mint for your daily business insights. Have a productive day ahead! 🙌