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UltraTech Cement to set up wires & cables plant in Bharuch, Gujarat, with an expenditure of ₹1,800 crore over next two years. The plant is expected to be commissioned by December 2026.
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Markets will remain shut on the occasion of Mahashivratri Tommorow
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POSITIONAL CALL UPDATE : BOOK PROFITS IN CASTROL INDIA AT 218.50 RECO LONGS GIVEN AT 198
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24 Feb. : Prov figs: Rs.crs
FIIs: - 6287
(7905-14192)
DIIs: +5186
(12552-7366)
INTRADAY CALL UPDATE : BOOK PROFITS IN AXISBANK AT 1011 RECO LONGS GIVEN AT 1002
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🇺🇸U.S. ECONOMIC DATA THIS WEEK:
• HOUSE PRICE INDEX (TUES.)
• CONSUMER CONFIDENCE (TUES.)
• NEW HOME SALES (WED.)
• Q4 GDP (THURS.)
• JOBLESS CLAIMS (THURS.)
• DURABLE GOODS ORDERS (THURS.)
• PENDING HOME SALES (THURS.)
• CORE PCE INFLATION (FRI.)
• CHICAGO PMI (FRI.)
#NewsAlert | Former RBI Governor Shaktikanta Das appointed as Principal Secretary to Prime Minister Modi
#ShaktikantaDas
🚨Steep fall in US markets on Friday
📉Dow down 748 points
📉Fresh U.S. data sparked concern among investors over a slowing economy
📉S&P Global U.S. services purchasing managers’ index fell to 49.7 — a 25-month low and below the 50 threshold, marking a contraction in activity
📉University of Michigan consumer sentiment index fell to 64.7 in February, a decline of nearly 10% and a steeper drop than expected
📉Walmart shares fell 2.5%, marking a second day of declines after the company issued a weaker-than-expected forecast
📉 rising worries of US entering into a stagflation with low growth and sticky inflation led to sharp market slide
Nifty Changes announced 👇
Nifty Inclusions 👉 Zomato & Jio Financial services
Nifty Exclusions 👉 BPCL & Britannia
Changes shall become effective from March 28, 2025
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY PUT OPT 49100 27FEB AT 513 RECO LONGS GIVEN AT 393
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INTRADAY BUY BANKNIFTY PUT OPT 49100 27FEB AT 393,SL-296,TRGT-588
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 L&T secures major Hindalco order to build alumina refinery in Odisha
📝 Renault beats profit forecast in 2024, warns on EU emissions rules
📝 India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics
📝 Tata Motors announces special offers on EVs as Tesla prepares India entry
📝 EPC companies raise concern over longer payment cycles for water projects
📝 BPTP Group targets Rs 6,500 cr from new luxury housing project in Gurugram
📝 Oil prices see minor dip as US crude stocks rise, easing supply concerns
📝 India tops global private capital exits with $27.9 bn in 2024: GPCA report
📝 Hydropower firm SJVN to expand its lone coal project in Bihar: Chairman
📝 India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand
📝 Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs
*Economic Times*
📝 SIA and Air India explore opportunities to deepen recently confirmed relationship
📝 Ministry of Defence inks contract worth Rs 1220.12 cr with Bharat Electronics Limited
📝 Skoda Auto Volkswagen must fall in line and not play victim: Customs dept to Bombay HC
📝 Govt extends Chief Economic Adviser Nageswaran's term until March 2027
📝 Indian refiners cancel palm oil orders due to price surge
📝 Sebi mulls framework for fast track follow-on offer by REITs, InvITs
📝 Hiranandani, Krisala ink development JV for 105-acre township in Pune’s Hinjewadi
📝 Auto sector demand hinges on marriage season, infrastructure revival: Report
📝 Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
📝 Chennai’s office stock set to exceed 100 million sq ft by 2026 end
📝 Crompton looks to join billion dollar sales club in FY25, launches new vision
*Mint*
📝 India’s Economic Growth Set to Pick Up Pace, RBI Says
📝 Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA
📝 Ayala Land Plans $1.3 Billion Debt, to Focus on High-End Homes
📝 Alibaba Q3 Results: Company posts higher-than-expected revenue of $38.5
📝 Automotive ER&D firms struggle as tariffs, Chinese carmakers disrupt markets
📝 US becomes India's fifth largest oil supplier, Russia retains top spot: Report
📝 NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
📝 Norinchukin CEO to Resign as Bank Forecasts Bigger Annual Loss
📝 Paytm launches India’s first solar soundbox for merchants
📝 Inox Group companies prepare for semiconductor boom, LNG growth prospects
📝 India’s Wheat Crop Under Threat from Warm Weather Before Harvest
*Instl. Investors EQUITY Cash Trades PROV. - 25/02/2025 : Rs. CRS. :*
*FIIS : SELL -3,529 (12,500-16,029)*
*DIIS : BUY +3031 (11,278-8,247)*
SEBI CONSULTATION PAPER on F&O Trades
SEBI plans to revamp F&O open interest calculation
New Ol calculation to be based on Delta
New Change will reduce chances of stock entering F&O Ban
SEBI stimulation shows reduction in BAN by 90% for F&O stocks
SEBI Proposal: New MWPL Formula: Set as the lower of (15% of free-float market cap) or (60× ADDV in cash market), recalculated quarterly.
Impact: Backtesting shows a 90% drop in ban period instances (from 366 to 27), reducing manipulation risks.
Index Derivatives: No MWPL currently; SEBI will assess the need for one to maintain market stability.
SEBI aims to shift Open Interest (OI) calculation to a Future Equivalent (Delta-based) approach for better risk assessment. Key reasons:
Notional-based OI can be manipulated, distorting risk exposure.
Delta-based OI provides a clearer view by combining futures and options exposure.
Helps align derivatives activity with cash market trends.
SEBI proposes changing Open Interest (OI) calculation in equity derivatives from notional terms to a Future Equivalent (Delta-based) approach. Key goals:
Prevent stocks from entering the ban period unnecessarily.
Strengthen position limits for index derivatives.
Minimal impact on small investors, reducing trading disruptions.
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Citigroup upgrades Indian stocks from neutral to overweight, sours on Asean
📝 Retail inflation eases to 4.61% for farm workers, 4.73% for rural labourers
📝 Defence Ministry forms high-level panel to speed up Tejas jet deliveries
📝 CEAT Specialty expands globally, targets 70-30 export-domestic split
📝 India's IT sector must revamp biz, create own language models: HCLTech CEO
📝 Indorama Ventures to buy minority stake of 25% in EPL from Blackstone
📝 DBS Bank to cut 10% workforce in 3 years as AI transforms operations
📝 Qualcomm brings Snapdragon X platform to India for more affordable AI PCs
📝 India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
📝 Several APAC economies like India, Korea could face higher US tariffs: S&P
📝 India Inc revenue to grow 7-8% in Q4 on demand revival, govt spend: ICRA
*Economic Times*
📝 India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
📝 India-UK FTA: Immigration has never been a part of trade negotiations, says Piyush Goyal
📝 Apple plans Texas factory for AI servers, 20,000 research jobs
📝 Dabur India plans to invest Rs 550 crore in Madhya Pradesh
📝 Parle, Rasna anticipate double-digit growth this summer season
📝 Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacity
📝 India’s GCC sector surges: 24 centres cross $1 bn revenue, on path for further growth
📝 India sets strategic path for AI growth with nuclear energy investments
📝 India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says
📝 26% equity mutual funds outperformed respective benchmarks in January
📝 Ashok Leyland targets ₹2,000 crore in savings with focus on leaner financial structure and profit growth
*Mint*
📝 Railways will achieve 100 pc electrification in FY26: Ashwini Vaishnaw
📝 Maruti Suzuki to launch three more EVs after e Vitara, aims 50% market share
📝 India's manufacturing slump prompted February rate cut, says RBI rate panel's Kumar
📝 Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
📝 Canadian banks expected to build reserves to cushion tariff uncertainty
📝 Byju’s insolvency: NCLT approves new resolution professional
📝 Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
📝 ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India
📝 Bharat Forge Arm Kalyani Powertrain collaborates with AMD to enter the Indian server market
📝 Amid global risks, Indian retail investors increase allocation to bonds, FDs
📝 EaseMyTrip to invest ₹200 cr for manufacturing electric buses in MP, says CEO
POSITIONAL CALL : (2MONTHS) BUY NTPCGREEN AT 97.65,SL-92,TRGT-111
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*News Headlines From Business News Agencies :*
*Business Standard :*
📝 India to harvest bumper wheat crop this year: Agriculture Minister Chouhan
📝 Pump Rs 300 crore into Bima Sugam by February-end: Irdai to insurers
📝 EPF is in urgent need of an overhaul for flexibility and portability
📝 CDSCO withdraws export NOC, bans drugs linked to West Africa opioid crisis
📝 Maha govt to give additional Rs 50k subsidy for rural homes under PMAY
📝 UK, EU step up FTA talks with India in US President Donald Trump era
📝 Tesla's entry not a significant threat to Indian EV OEMs, says CLSA
📝 Eupheus Learning narrows loss to Rs 9 cr, revenue at Rs 225 cr in FY2024
📝 US federal workers must justify job or risk dismissal, says Elon Musk
📝 USAID funded 7 projects worth $750 mn in India in FY24: FinMin report
📝 Yunus invites Musk to visit Bangladesh, launch Starlink satellite service
📝 NewMe plans to launch 20 new stores by 2025, aspires for IPO in 3-5 years
*Economic Times :*
📝 NTPC, EDF India collaborate for PSP, hydro projects, to explore avenues in distribution
📝 Indian drugmakers can retain US dominance even with tariffs, says industry body
📝 Coal India and France's EDF to form renewables joint venture
📝 Qatar signs deal with Scale AI to use AI to boost government services
📝 KKR to buy cancer care hospital chain HCG from CVC for $400 million
📝 Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years
📝 Union budget aims to build healthy economy with long-term vision: Mansukh Mandaviya
📝 Rural market at inflection point offers headroom, long-term potential for growth: Marico MD & CEO
📝 Assam Cabinet clears investment proposals worth Rs 1.22 lakh crore ahead of Summit
📝 Shein's annual profit down by more than a third: report
📝 Meta to open India office, hire for engineering and AI roles in Bengaluru
*Mint :*
📝 Wall Street week ahead: Spotlight on PCE inflation, Q4 GDP, Nvidia earnings
📝 Sebi mulls expanding investors pool for angel funds
📝 L'Oréal, Colgate eye opportunity as preference for premium products rises
📝 Robust infra, business friendly environment make TN key investment hub, says Study
📝 Non-stop renewable energy key to lowering green hydrogen prices: Gentari CEO
📝 Satya Nadella reveals one web trend Microsoft missed, but Google didn't
📝 India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
📝 US news: Donald Trump to name FBI chief Kash Patel as acting ATF director
📝 FBI Director Kash Patel pushes back against Elon Musk’s productivity questions
📝 Indian VCs join a global race to back the next big AI disruptor
📝 Elon Musk's DOGE set to inspect Fort Knox gold reserves
Plenty of chatter on the weakness in markets but do keep noting the data points on 🇮🇳 economy which stand out 💪
1️⃣ Solid growth in Services export rose 24.3% YoY growth to $38.6 Bn
2️⃣ Jan - Feb 2025 FASTag collections have been very strong at 19%-21% which were part supported by toll hikes but traffic remains robust
3️⃣ Power demand in February 2025 has grown by 6% yoy on a 6% yoy growth in base year
4️⃣ Domestic Daily passenger growth is approx +14% yoy in Feb 2025 which could be part supported by Mahakumbh
*Today's Headlines :
*Economic Times*
📝 India's GDP growth likely to improve to 6.2 pc in Q3FY25 from 5.4 pc in Q2FY25
📝 Gold investment stays strong, but record prices weigh on jewellery demand
📝 Donald Trump signs memo to impose retaliatory tariffs for digital taxes
📝 Pentagon says it will cut 5,400 probationary workers starting next week
📝 RBI move to formalise debt collection may complicate recovery
📝 India mulling lower duties for low-volume US imports
📝 FMCG Inc readies quick fix for urban distributors
📝 Machine learning, AI models to power RBI's deep check
📝 Amazon MGM takes creative reins of 007 franchise
📝 GDP likely grew by a median 6.3% in Q3, slightly higher than RBI’s 6.2% estimate
*Business Standard*
📝 Gold price dips Rs 10 to Rs 87,740, silver falls Rs 100 to Rs 1,00,300
📝 Over 50 firms sign up for race to develop India-specific AI models
📝 Services sector growth pushes India's private sector output to 6-month high
📝 Reserve Bank of India for foreclosure of biz loans to MSEs, individuals
📝 RBI likely to hold fresh talks on project financing in three months
📝 Trai recommends slashing authorisation charges for DTH, radio services
📝 RBI to conduct $10 billion buy/sell swap to infuse durable liquidity
📝 Religare shares surges 18.9% following Burman family becoming promoter
📝 BlackRock Veteran Swaminathan to lead its venture with Jio Financial
📝 Govt calls for Siam proposals to rev up electric car adoption in India
📝 Sensex, Nifty extend losses fourth consecutive session, hit 8-month lows
📝 Amfi launches SIP for students, two more initiatives to expand MF base
📝 Govt to cap EV charging investment for tariff relief as Tesla's entry looms
📝 Metal index extends gain, up 6% in 1 week on hopes of earnings improvement
📝 Reserve Bank of India issues norms for forward contracts in G-secs
📝 HCG Enterprises Q3 results: Consolidated net profit up 22.8% to Rs 7 cr
📝 RBI announces mega $10 billion FX swap to infuse rupee liquidity
*Financial Express*
📝 RBI proposes scrapping foreclosure charges on floating rate loans for individuals and MSEs
📝 RBI announces massive liquidity infusion via $10bn forex swap
📝 India’s forex reserves down $2.54 billion to $635.721 billion
📝 FMCG stocks log worst losing streak over demand concerns
📝 GDP growth likely improved to 6.3% in December quarter
📝 CPSE capex rises over 11%
📝 Bank credit growth to NBFCs slows to four-year low in 2024
📝 Coal stocks at power plants rise to 74% of normal level
*Mint*
📝 Gold price jumps ₹9500 in seven straight weeks on Trump's tariff policy
📝 India's forex reserves snap three-week gaining streak to hit $635.721 billion
📝 RBI to conduct $10 bn forex currency exchange to infuse liquidity in banking
📝 Indian auto ancillary industry to witness slower growth in FY25 and FY26
📝 Inflation softer in near-term, global trade pose risk to growth.
*Instl. Investors EQUITY Cash Trades PROV. - 21/02/2025 : Rs. CRS. :*
*FIIS : SELL -3,449 (10,144-13,593)*
*DIIS : BUY +2,884 (12,889-10,005)*
RBI to inject liquidity through long term USD/INR Buy/Sell Swap Auction Of USD 10 billion for a tenor of 3 years
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INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY PUT OPT 22950 27FEB SER AT 252 RECO LONGS GIVEN AT 202
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INTRADAY BUY NIFTY PUT OPT 22950 27FEB SER AT 202,SL-161,TRGT-316
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BTST CALL UPDATE : BOOK PROFITS IN HAL AT 3475 RECO LONGS GIVEN AT 3415
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US Markets comes in for profit taking post lackluster forecast from Walmart which prompted questions about the outlook of the economy 🙁
🇺🇸 Markets on Thursday
#DowJones -1.01%
#Nasdaq -0.47%
S&P500 -0.43%
Culprit was ‘Dow member Walmart’ -6.5%
👉 Weak guidance overshadowed quarterly earnings that topped estimates.
👉 Co said it expects fiscal-year sales to grow between 3% and 4%
👉 But company’s fiscal 2026 earnings outlook, was below analysts’ expectations
Rub off impact!
👎 Target & Costco each fell about 2%
Retail investor favorite Palantir -5.2%, post 10% decline already seen this week
👉 Defense Secretary Pete Hegseth told department officials to brace for budget cuts while a new trading plan from CEO Alex Karp drove the stock lower.
Economic Data declared also weighed on the market
🙁 Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15 vs forecast 215,000 claims for that week
🙁 Philadelphia Fed’s monthly manufacturing index tumbled by 26.2 points - the most in nearly five years - to 18.1 in February from 44.3 in January.
Lower Treasury yields weighed on banking stocks
🏦 Goldman Sachs -4%
🏦 Morgan Stanley -4.5%
Other Asset Classes
🇺🇸 10-year Treasury yield slips to 4.51%
💲 Dollar Index 106.3
🪙 Gold at $2937/ounce
⛽️ Brent Crude at 76.5$/barrel
💸 Bitcoin at 98330$
Asia Economy
🇯🇵 Japan’s inflation rate climbs to a 2-year high of 4% in January & has been above the Bank of Japan’s 2% target for 34 straight months.
😱 Strengthens the case for rate hikes by the central bank