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*News Headlines from Business News Agencies:*
*Business Standard*
📝 TSMC to invest $100 bn in US expansion on strong customer demand: CEO
📝 RBI set to ask lenders to tighten gold loan processes, monitor fund usage
📝 M&M ranks in top 1% of S&P Global's corporate sustainability assessment
📝 Blue Star to invest ₹400 cr in capacity expansion, eyes 20% growth in FY26
📝 Microfinance firm CreditAccess says asset quality, overdue loans moderating
📝 CorporatEdge raises Rs 100 cr equity fund from Carpedium Capital for growth
📝 Kalyani Powertrain, Compal partner to make 'X86 platform' servers in India
📝 Viacom18 and Walt Disney merger effect: Jio to lay off 1,100 employees
📝 Expect India to keep doing well irrespective of geopolitics: GIC execs
📝 German firm Infineon inks pact with CDIL to supply chips for semiconductors
📝 Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
📝 Fertilisers and Chemicals Travancore in talks to buy phosphate from Togo
📝 BPTP Group logs Rs 1,500 crore bookings on Day 1 of Gurugram luxury project
*Economic Times*
📝 Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports
📝 AstraZeneca gets nod to import, sell hyperkalaemia treatment drug in India
📝 Auto registrations across categories drop in February amid weak consumer sentiment: FADA
📝 India's renewable energy sector hit by weak demand, cancellations, report says
📝 Britannia Industries CEO Rajneet Kohli resigns
📝 MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion
📝 Automobile retail sales drop 7 pc in Feb amid slowing demand: FADA
📝 Nayara Energy to make buyback offer to minority shareholders
📝 Vikram Solar to manufacture solid-state cell and battery
📝 German firm Infineon signs pact with CDIL to supply chips for power semiconductors
📝 India bought Rs 1.5 lakh crore worth of Russian oil since Ukraine war
📝 US crude exports to India hit over 2-yr high in Feb as Russia sanctions bite
*Mint*
📝 GDP revision gives govt extra fiscal headroom for FY25 accounts
📝 INOX India bags multiple orders worth ₹190 crore
📝 Credit card growth slows in Jan, disbursement hits to four-year low: Report
📝 Tesla's India entry still in the realm of speculation: Volvo Car India MD
📝 Infosys rolls out system intervention to ensure minimum 10-day work from office
📝 SpiceJet hit with fresh insolvency claims from Irish lessors and former pilot
📝 India, Thailand face higher US reciprocal tariffs risk, says Nomura
📝 Different flightpaths: Air India fortifying domestic network, IndiGo goes global
📝 Trent, ITC lead EPS cuts in February; Bharti Airtel, Hindalco see top upgrades
📝 Oil marketing companies rally as Brent crude price slips below $70
📝 Deloitte wants employees to come to office to get bonuses; India ops unaffected
This week's top headlines 👇
📉BSE shares drop 20% in 5 days — 3 key reasons behind the fall
✈️SpiceJet's recovery prospects
🤷🏻♂️India's VIX shows unusual calmness
Watch Bull's Eye to know what's happening: https://youtu.be/cuDgVot4oqw?feature=shared
हिन्दी में समझने के लिए: https://www.youtube.com/watch?v=lIkRPBVxauQ&t=11s
*Instl. Investors EQUITY Cash Trades PROV. - 06/03/2025 : Rs. CRS. :*
*FIIS : SELL -2,377 (9,711-12,088)*
*DIIS : BUY +1,618 (13,276-11,658)*
POSITIONAL CALL : BUY AUBANK AT 554,SL-538,TRGT-635 (2 MONTHS )
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INTRADAY BUY NIFTY PUT OPT 22300 06MAR SER AT 69,SL-33,TRGT-175
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CORRECTION : INTRADAY BUY MAZDOCK AT 2274,SL-2264,TRGT-2333
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News Headlines from Business News Agencies:
Business Standard
📝 Cabinet nod to livestock disease control programme with Rs 3,880 cr outlay
📝 Jio, Airtel seek fair satellite spectrum rules as Starlink eyes India entry
📝 Indian Railways' slow growth in container volume raises concerns for Q4FY25
📝 Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity
📝 Darwinbox secures $140 million investment from Partners Group, KKR
📝 SaaS delays causing time, cost overruns for Indian firms: IDC-Zoho survey
📝 Reserve Bank appoints Ajit Ratnakar Joshi as new executive director
📝 Zydus launches affordable, breakthrough drug for transplant patients
📝 Ready for more opportunities from Coca-Cola: Kandhari Global Beverages
📝 Ducati plans to introduce motocross bikes in Indian market in 2026
📝 HPCL, Tata Motors launch co-branded diesel exhaust fuel 'Genuine DEF'
📝 Paytm introduces UPI Trading Blocks with auto payment from bank accounts
Economic Times
📝 India's engineering goods exports to US surge 18% in January, overall shipments grow 7.44%
📝 ArcelorMittal-Nippon says import curbs may hit India production, delay expansion
📝 Investments in manufacturing, healthcare & GCCs, fuelling growth: Sodexo
📝 Europe to protect auto sector from 'mortal danger': EU industry chief
📝 New Zealand Reserve Bank Governor Adrian Orr resigns amid rift with government
📝 Axis Mutual Fund appoints Nandik Mallik as Head - Equity & Hybrid for its proposed SIFs
📝 Heavy debt supply to further push up cost of borrowing for Indian states
📝 L&T bags significant orders to develop residential towers
📝 Oyo estimates Rs 1,100 crore PAT for FY26: Founder Ritesh Agarwal
📝 Housing finance market to grow at 15-16% CAGR through 2029-30: CareEdge
📝 Blackstone nears $400 mn deal for Kolkata's South City Mall
📝 Saudi Aramco weighs bid for BP’s Castrol lubricant assets, with special interest in $2.5 bn India arm
Mint
📝 India's services sector grows faster in February amid rising demand
📝 PowerChina unit sues Laos utility, claims $555 million in unpaid dues
📝 Coforge's $1.56 bn Sabre deal win sparks fresh optimism in a shaky IT sector
📝 Competition Commission clears acquisitions by JSW Energy, Shell, Adani Infra
📝 Mukka Proteins Limited Reports 151% Profit Increase in Q3 FY2024-25
📝 Schaeffler sees no 2025 rebound for automotive market, losses in EV unit
📝 Emirates Says Aircraft Retrofit Program Now Pushing $5 Billion
📝 Belgium’s John Cockerill eyes India’s nuclear expansion, cooling market
📝 Goldman Sachs Layoffs: Wall Street banking major to cut over 1,300 employees
📝 Govt clears Kedarnath and Hemkund Sahib Ji ropeway projects worth ₹6,811 cr
📝 Ultraviolette plans to introduce 10 new electric two-wheelers in 3 years
INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY CALL OPT 22200 06MAR SER AT 200 RECO LONGS GIVEN AT 121
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POSITIONAL BUY EPACK DURABLES AT 374,SL-333,TRGT-495 (2 MONTHS )
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INTRADAY BUY BANKNIFTY CALL OPT 48500 27MAR SER AT 915,SL-833,TRGT-1065
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TARIFF ROLLBACK TODAY ?
-> 25% tariffs on Canada, Mexico to be rolled back today
-> Post NY close, Commerce Secy Lutnick said that Trump may roll back Canada, Mexico tariffs
-> CAD, MXN rallied after NY close
-> Trump may provide clarity during his State of the Union address
All Weekly & Monthly Expiry Days revised to Monday vs Thursday earlier!
Changes effective from 4 April 2025
US Markets end weak as latest concessions from the White House on President Donald Trump’s controversial tariff policies failed to calm rattled investors 🙁
🇺🇸 Markets on Thursday
#DowJones -1%
#Nasdaq -2.6%, falls 10% from a recent high!
S&P 500 -1.8%
🇺🇸 Markets on pace for their worst week since September 2024
DowJones -2.9%
Nasdaq -4%
S&P500 3.6%
Chipmaker Marvell Technology -20% after the company issued mixed first-quarter guidance. Other semiconductor builders such as ON Semiconductor, Taiwan Semiconductor & Nvidia slid in trade.
Commentary on Thursday
👉 Trump announced that more Canadian and Mexican goods made in accordance with the USMCA agreement would receive a one-month extension on the taxes.
👉 Treasury Secretary Scott Bessent argued in favor of tariffs, leaving investors questioning how far the White House would be willing to go in making compromises on the embattled policy over the long term.
Other Asset Classes
🇺🇸 10-year Treasury yield at 4.27%
💲 Dollar Index at 104.1, at 4 month low
⛽️ Brent Crude at 69.5$/barrel
💸 Bitcoin at 85480$
🪙 Gold at $2,916/ounce
Big Cue to track on Friday 👉 February’s nonfarm payrolls report. Economists polled by Dow Jones forecast growth of 170,000 jobs, and expect the unemployment rate held steady at 4%.
Introduction of Futures & Options Contracts on Three Individual Securities would be available for trading w.e.f. March 28, 2025.
1. HINDZINC
2. INOXWIND
3. PNBHOUSING
INTRADAY CALL UPDATE : CLOSE POSITIONS IN NIFTY PUT OPT 22300 06MAR SER AT 33 SL HIT
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INTRADAY BUY BANKNIFTY PUT OPT 48600 27MAR SER AT 717,SL-661,TRGT-999
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Massive Change In Germany & Europe !
Huge Implications. 10 points.
1. For 15 years or more, Germany (the lynchpin for Europe) has seen poor growth (eg, 0 growth in 2024), been tightfisted in spending, followed America's lead in foreign policy (for much much longer), antagonized China, spent very little on it's own defense & so and so forth..
2. Last night, it looked like Germany took the first steps to break out of this stupor ! Germany green lighted massive defense & infrastructure spending.
3. Basically, Germany is heading not only for a massive U-turn on fiscal policy but also for a very strong response to the new defence & security challenges
4. Events @ the Munich Security Conference & in the Trump White House have clearly had a huge impact on the thinking of German leader Friedrich Merz, who until recently was still adamant that all challenges could be met within the existing debt limits !
5. Remember, what was agreed last night exceeds the reforms that the SPD had been calling for and by quite a margin
6. Highly symbolic that German leader Merz is using Draghi’s "whatever it takes" phrase. Ten years ago, the German Constitutional Court was ruling against Dragh’s phrase. Today, Merz not only used that phrase but did so with purpose.
7. Big question is if the the can-do attitude shown last night lifts sentiment & pulls in private investment, even before fiscal policy gets going
8. Further reforms by end-2025 - Plan is to reform the federal part of the debt limit/brake so that it does not overly restrict investments
9. A special session of the German Parliament is proposed for next week. Additional parliamentary procedures etc will be required before a final vote
10. These changes need to be watched carefully ! But they do feel very material. If all this clears, it will mean significant changes in foreign policy attitudes, defense alliances & should help European equities do very well as well !
🇺🇸 StockMarkets end higher on hopes for Trump tariff concessions
US Markets on Wednesday
#DowJones +1.1%
#Nasdaq +1.5%
S&P 500 +1.1%
😮💨 White House said it granted a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement
🚘 Reaction 🚀 Stellantiss +9%, Ford +5% & General Motors +7%
White House Press Secretary Karoline Leavitt also said Trump was open to providing additional exemptions on the taxes 🤞
US Economic Data – Mixed
👎Private payrolls +77,000 jobs last month vs forecast for 140,000.
👍 Institute for Supply Management’s non-manufacturing purchasing managers index climbed to 53.5 last month vs 52.8 in January
Other Asset Classes
🇺🇸 10-year Treasury yield at 4.31%
💲 Dollar Index at 104.3, lowest since November 8
⛽️ Brent Crude at 68.5$/barrel, lowest since December 2021. OPEC+ plans to increase production from April
💸 Bitcoin sinks to 90140$
🪙 Gold at $2,919/ounce
05 Mar. : Prov figs: Rs.crs
FIIs: - 2895
(12046-14941)
DIIs: +3371
(15068-11697)
INTRADAY CALL UPDATE : CLOSE POSITIONS IN BANKNIFTY CALL OPT 48500 27MAR SER AT 833 SL HIT RECO LONGS GIVEN AT 915
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INTRADAY BUY NIFTY CALL OPT 22200 06MAR SER AT 121,SL-78,TRGT-222
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BTST CALL UPDATE : BOOK PROFITIS IN MAZDOCK AT 2195 RECO LONGS GIVEN AT 2175
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INTRADAY CALL UPDATE : BOOK PROFITS IN HAL AT 3349 RECO LONGS GIVEN AT 3318
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 EU Commission proposes 800-billion-euro plan to boost defence capabilities
📝 Coca-Cola to sell North Gujarat bottling plant to Kandhari for Rs 2,000 cr
📝 Apollo Hospitals partners with Ion Beam Applications for proton therapy
📝 CVC Capital Partners closes $4.85 billion strategic opportunities fund
📝 Govt fines Reliance for missing battery plant deadline under PLI scheme
📝 Protection for Indian steel industry after clarity in tariffs: Kumaraswamy
📝 Indian exports under mounting pressure from US, EU trade policies
📝 Qatar Airways to place large wide-body aircraft order soon, says CCO
📝 Credit card spending hits Rs 1.84 lakh cr in January 2025, up 14% on year
📝 IIFL Finance plans to raise $150 million by reissuing 2028 dollar bonds
📝 India sees 5th month of negative flows, US accounts for 50% of outflows
📝 Oyo speeds up IPO plans as Ritesh Agarwal's debt repayment date looms
*Economic Times*
📝 Tata Motors begins trials of hydrogen-powered heavy duty trucks for long haul transportation
📝 Tesla's China-made EV sales fall 29% in first two months of 2025
📝 Suzlon secures order of 204.75 MW from Jindal Green Wind 1
📝 Sebi's total income rises 48% to Rs 2,075 cr in 2023-24
📝 Senores Pharma to acquire 14 ANDAs from Dr Reddy's Laboratories
📝 China's suspends soybean import from three US exporters, halts log imports
📝 India's exports face pressure from US, EU trade policies, govt official says
📝 Prudential is said to seek $12 billion value on India JV listing
📝 M2P Fintech in talks to acquire AI startup Vue AI in distress deal
📝 Quant Mutual Fund files draft papers with Sebi for an arbitrage fund
📝 Government panel pulls up railways and telecom for slow asset monetisation
📝 Bagmane likely to buy Cognizant’s Chennai campus for Rs 800 cr
*Mint*
📝 India will have sufficient sugar at the start of next season; minimum selling price of sugar must be hiked: ISMA
📝 Relief for IndiGo: Delhi HC strikes down IGST on re-imported aircraft repairs
📝 CEA Nageswaran warns of global growth risks, backs deregulation to spur economy
📝 IRDAI warns insurance firms against commission payouts, urges action
📝 Jio Financial shares up 4% on plans to acquire Jio Payments Bank shares from SBI
📝 Singapore considering canning for financial scammers; to tackle malicious websites
📝 Jitendra Virwani becomes Chairman of Embassy Developments, Aditya appointed MD
📝 Indian startups raise USD 1.65 bn in Feb; median valuation at USD 83.2 mn
📝 Hero Future Energies launches green hydrogen plant for blending with PNG, LPG
📝 Capital goods sector to gain from renewable energy and T&D expansion: ICRA
📝 Bharat Value fund invests ₹130 crore in Veira Electronics in pre-IPO round
Flows in Cash Market on 4-March-2025
👎 FII net sold ₹3406 cr
👍 DII net bought ₹4851 cr
Impact of US Tariff’s on China, Mexico, Canada (+ves for India)
Some Initial Thoughts
Pharma
- Chinese pharma exports to the US will become ~20% costlier, creating opportunities for Indian players.
- India’s pharma imports are minimal, and US tariffs on Indian pharma could potentially drop to 0%.
- No demand deflation risk as pharma has inelastic demand; drug shortages in the US are higher than two years ago.
- US manufacturing costs are ~8x higher than in India, making a full shift to US production impractical.
- India supplies 30-35% of US generics, creating a high probability of price & volume gains.
- If China faces tariffs in CDMO, companies like Divi’s Labs could benefit.
- Aurobindo Pharma has the largest US market share but lacks US facilities, whereas Cipla could benefit more due to its local US presence.
Chemicals
- Vinati Organics (31% exports) and Navin Fluorine (21% exports) have no major competition from China in the US.
- No significant benefits from US tariffs, as chemical companies have not indicated positive impacts in earnings calls.
- Setting up and running chemical plants in the US is 1.5x-2x costlier, making local manufacturing less viable.
Oil & Gas
- The US consumes ~16mn barrels/day and produces ~13mn barrels/day, but tariff changes won’t impact global oil prices significantly.
-
- The US can easily source oil from Latin America and neighboring countries instead of Canada.
- No major pricing fluctuations expected in Oil & Gas/Chemicals sectors.
Auto
- Tata Motors (JLR) could face risks if the US imposes tariffs on European imports, as JLR has no plants in the US.
Metals & Mining
- India has minimal direct steel exports to the US (~$500mn), and minor North American exports can be redirected elsewhere.
- Chinese dumping risk remains, particularly in other global markets.
- Jindal Stainless exports are small but could grow, benefiting from US tariffs on China.
- Tata Steel could see a slight negative impact, as it exports to the US from its Netherlands facility, though it’s a small part of the business.
- Coking coal imports from the US can be easily replaced by sourcing from other regions.
Cables
- Companies like Apar Industries, which have prior US supply licenses, stand to gain.
- Chinese dumping remains a concern, especially in markets like Europe and India.
Capital Goods
- Praj Industries expects positives from increased ethanol plant investments in the US.
- Triveni Turbine (40% export share) sees no impact, while Elgi Equipments (25% US revenue) could see some benefit.
- Fragmented impact across the sector, but power equipment companies remain attractive due to strong domestic demand.
- Domestic capex remains the primary focus, with multiple capacity additions supporting strong growth visibility.
- Top picks: ABB India, Ingersoll-Rand, Cummins India, Voltamp, Kirloskar Pneumatic.