Morning Alert..
*World Bank ups India's FY26 growth forecast to 6.5%, lowers FY27 projection*
The World Bank on Tuesday raised India’s FY26 gross domestic product (GDP) forecast to 6.5 per cent from 6.3 per cent in June and revised downwards the growth forecast for FY27 by 20 basis points (bps) to 6.3 per cent owing to the higher-than-expected tariffs imposed on India’s exports by US President Donald Trump. India, however, is expected to remain the world’s fastest-growing major economy, underpinned by continued strength in consumption growth, the World Bank said in its South Asia Outlook. “The government’s reforms to the goods and services tax (GST) — reducing the number of tax brackets and simplifying compliance — are expected to support activity… Forecast for FY27 has been downgraded, however, as a result of the imposition of a 50 per cent tariff on about three-quarters of India’s goods exports to the United States,” the report said. It said domestic conditions, particularly agricultural output and rural wage growth, have been better than expected. The Bank has forecast the growth for South Asia to reach 6.6 per cent in 2025 but may slow down to 5.8 per cent in 2026, partly due to US tariffs on India.
*Global market action*
Dow Jones – Up by 0.10% or 46.23 points
FTSE – Up by 0.05% or 4.44 points
CAC – Up by 0.04% or 3.07 points
DAX – Up by 0.03% or 7.49 points
Gift Nifty – Up by 0.01% or 2.00 points
*FII/DII activities*
FII – Bought 1440.66Cr worth of shares
DII – Bought 452.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Relaxo Footwear Ltd – 99.4%
Esab India Ltd – 95.2%
TTK Prestige Ltd – 87.9%
Go Digit General Insurance Ltd – 87.8%
JB Chemicals & Pharma Ltd – 86.1%
*Primary market activities*
Listing today
Valplast Technologies Ltd (BSE SME) – Subscribed 1.19x
BAG Convergence Ltd (NSE SME) – Subscribed 1.38x
Advance Agrolife Ltd (Main board) – Subscribed 56.90x
Sheel Biotech Ltd (NSE SME) – Subscribed 15.97x
Infinity Inflow Ltd (BSE SME) – Subscribed 277.24x
Munish Forge Ltd (NSE SME) – Subscribed 3.53x
Sunsky Logistics Ltd (BSE SME) – Subscribed 1.46x
Charaharit Ltd (BSE SME) – Subscribed 1.88x
Om Freight Forwarders Ltd (Main board) – Subscribed 3.88x
*Commodities updates*
Gold – Rs 121055/10gm, Silver – Rs 145410/kg, Brcrude – Rs 5474/barrel, Copper – Rs 966.10/kg.
*World Bank ups India's FY26 growth forecast to 6.5%, lowers FY27 projection*
The World Bank on Tuesday raised India’s FY26 gross domestic product (GDP) forecast to 6.5 per cent from 6.3 per cent in June and revised downwards the growth forecast for FY27 by 20 basis points (bps) to 6.3 per cent owing to the higher-than-expected tariffs imposed on India’s exports by US President Donald Trump. India, however, is expected to remain the world’s fastest-growing major economy, underpinned by continued strength in consumption growth, the World Bank said in its South Asia Outlook. “The government’s reforms to the goods and services tax (GST) — reducing the number of tax brackets and simplifying compliance — are expected to support activity… Forecast for FY27 has been downgraded, however, as a result of the imposition of a 50 per cent tariff on about three-quarters of India’s goods exports to the United States,” the report said. It said domestic conditions, particularly agricultural output and rural wage growth, have been better than expected. The Bank has forecast the growth for South Asia to reach 6.6 per cent in 2025 but may slow down to 5.8 per cent in 2026, partly due to US tariffs on India.
*Global market action*
Dow Jones – Up by 0.10% or 46.23 points
FTSE – Up by 0.05% or 4.44 points
CAC – Up by 0.04% or 3.07 points
DAX – Up by 0.03% or 7.49 points
Gift Nifty – Up by 0.01% or 2.00 points
*FII/DII activities*
FII – Bought 1440.66Cr worth of shares
DII – Bought 452.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Relaxo Footwear Ltd – 99.4%
Esab India Ltd – 95.2%
TTK Prestige Ltd – 87.9%
Go Digit General Insurance Ltd – 87.8%
JB Chemicals & Pharma Ltd – 86.1%
*Primary market activities*
Listing today
Valplast Technologies Ltd (BSE SME) – Subscribed 1.19x
BAG Convergence Ltd (NSE SME) – Subscribed 1.38x
Advance Agrolife Ltd (Main board) – Subscribed 56.90x
Sheel Biotech Ltd (NSE SME) – Subscribed 15.97x
Infinity Inflow Ltd (BSE SME) – Subscribed 277.24x
Munish Forge Ltd (NSE SME) – Subscribed 3.53x
Sunsky Logistics Ltd (BSE SME) – Subscribed 1.46x
Charaharit Ltd (BSE SME) – Subscribed 1.88x
Om Freight Forwarders Ltd (Main board) – Subscribed 3.88x
*Commodities updates*
Gold – Rs 121055/10gm, Silver – Rs 145410/kg, Brcrude – Rs 5474/barrel, Copper – Rs 966.10/kg.
Equity99
Photo
Short Term View
Bonus on 13th oct after 5 days record date
Univastu India CMP 256 / 260
Available @ lower Valuation In net Zero Construction
Test Resistance 280 / 300 Sl 225
Coming days View Strong Potential View
Bonus on 13th oct after 5 days record date
Univastu India CMP 256 / 260
Available @ lower Valuation In net Zero Construction
Test Resistance 280 / 300 Sl 225
Coming days View Strong Potential View
Morning Alert..
*Govt to launch ₹7,350 cr plan to boost production of rare-earth magnets*
The government is in final stages of launching a ₹7,350 crore scheme to spur domestic production of sintered rare earth permanent magnets (REPMs) and cut import dependence, Business Standard has learnt. This comes months after China imposed restrictions on exports of REPMs in April, squeezing supplies to India’s automobile and electronics industries. The initiative — likely to be called the Scheme to Promote Sintered Rare Earth Permanent Magnet Manufacturing in India — aims to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents. The goal is to build a homegrown value chain spanning the conversion of NdPr (neodymium-praseodymium) oxide into sintered NdFeB (neodymium-iron-boron) magnets. These are critical to sectors such as automobile, electronics, wind energy, and defence. The REPM production includes mining, beneficiation, processing, extraction, refining to rare earth oxide, conversion to metal and alloy, and finally magnet manufacturing.
*Global market action*
Dow Jones – Up by 0.02% or 11.45 points
FTSE – Up by 0.68% or 65.29 points
CAC – Up by 1.06% or 85.28 points
DAX – Up by 0.86% or 211.35 points
Gift Nifty – Up by 0.20% or 50.00 points
*FII/DII activities*
FII – Bought 81.28Cr worth of shares
DII – Bought 329.96Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Concord Biotech Ltd – 88.7%
Shyam Metalics and Energy Ltd – 85.7%
Ajanta Pharma Ltd – 79.3%
Sheela Foam Ltd – 79.2%
AIA Engineering Ltd – 75.9%
*Primary market activities*
IPOs opening today
Rubicon Research Ltd (Main board) – Issue size 1377.50Cr
Canara Robeco AMC Ltd (Main board) - Issue size 1326.13Cr
Listing today
Greenleaf Envirotech Ltd (NSE SME) - Subscribed 3.84x
*Commodities updates*
Gold – Rs 123290/gm, Silver – Rs 149940/kg, Brcrude – Rs 5580/barrel, Copper – Rs 999.60/kg.
*Govt to launch ₹7,350 cr plan to boost production of rare-earth magnets*
The government is in final stages of launching a ₹7,350 crore scheme to spur domestic production of sintered rare earth permanent magnets (REPMs) and cut import dependence, Business Standard has learnt. This comes months after China imposed restrictions on exports of REPMs in April, squeezing supplies to India’s automobile and electronics industries. The initiative — likely to be called the Scheme to Promote Sintered Rare Earth Permanent Magnet Manufacturing in India — aims to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents. The goal is to build a homegrown value chain spanning the conversion of NdPr (neodymium-praseodymium) oxide into sintered NdFeB (neodymium-iron-boron) magnets. These are critical to sectors such as automobile, electronics, wind energy, and defence. The REPM production includes mining, beneficiation, processing, extraction, refining to rare earth oxide, conversion to metal and alloy, and finally magnet manufacturing.
*Global market action*
Dow Jones – Up by 0.02% or 11.45 points
FTSE – Up by 0.68% or 65.29 points
CAC – Up by 1.06% or 85.28 points
DAX – Up by 0.86% or 211.35 points
Gift Nifty – Up by 0.20% or 50.00 points
*FII/DII activities*
FII – Bought 81.28Cr worth of shares
DII – Bought 329.96Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Concord Biotech Ltd – 88.7%
Shyam Metalics and Energy Ltd – 85.7%
Ajanta Pharma Ltd – 79.3%
Sheela Foam Ltd – 79.2%
AIA Engineering Ltd – 75.9%
*Primary market activities*
IPOs opening today
Rubicon Research Ltd (Main board) – Issue size 1377.50Cr
Canara Robeco AMC Ltd (Main board) - Issue size 1326.13Cr
Listing today
Greenleaf Envirotech Ltd (NSE SME) - Subscribed 3.84x
*Commodities updates*
Gold – Rs 123290/gm, Silver – Rs 149940/kg, Brcrude – Rs 5580/barrel, Copper – Rs 999.60/kg.
Intraday Players & Coming Days
Vms Tmt CMP 75 / 77
Test Resistance 85 / 90 / 95 Sl 69
Coming days View Strong Potential View
From Today 20 % Circuit Limit🚀
Vms Tmt CMP 75 / 77
Test Resistance 85 / 90 / 95 Sl 69
Coming days View Strong Potential View
From Today 20 % Circuit Limit🚀
Forwarded from Equity99
Bullish CUP & HANDLE formation on daily chart of UNIVASTU INDIA
Look at the daily chart of UNIVASTU INDIA. Stock is forming CUP & HANDLE formation which is highly bullish in its nature & RSI also turns bullish.
Now expect a big rally upto 295 / 312 / 330 in this counter...
Look at the daily chart of UNIVASTU INDIA. Stock is forming CUP & HANDLE formation which is highly bullish in its nature & RSI also turns bullish.
Now expect a big rally upto 295 / 312 / 330 in this counter...
Morning Alert..
*India inks critical mineral, climate change and defence deals with UK*
India and the United Kingdom (UK) on Thursday announced a dozen outcomes across sectors ranging from education and critical minerals to climate change and defence cooperation. These include a $468 million (350 million pound) contract under which the UK will supply lightweight multirole missiles to India, and an agreement, worth $333 million (250 million pounds) initially, to take their collaboration on electric-powered engines for naval ships to the next stage. Prime Minister Narendra Modi and his visiting UK counterpart, Keir Starmer, met in Mumbai on Thursday morning and sought to inject fresh momentum into the strategic and economic partnership between the two countries. The meeting aimed to build on the free-trade agreement signed on July 24 during Modi’s visit to Chequers. “In today’s time of global uncertainty, our growing partnership stands as an important pillar of stability and economic progress,” Modi said at one of the three events — including a joint press conference — that the two leaders addressed during the day.
*Global market action*
Dow Jones – Up by 0.11% or 52.30 points
FTSE – Down by 0.42% or 39.47 points
CAC – Down by 0.23% or 18.77 points
DAX – Up by 0.06% or 14.12 points
Gift Nifty – Up by 0.02% or 5.50 points
*FII/DII activities*
FII – Bought 1308.16Cr worth of shares
DII – Bought 864.36Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
UTI AMC Ltd – 90.8%
V-Guard Industries Ltd – 90.2%
Rainbow Children Medicare Ltd – 88.1%
Hatson Agro Products Ltd – 88%
Galaxy Surfactants Ltd – 85.6%
*Primary market activities*
IPOs opening today
SK Minerals & Additives Ltd (BSE SME) – Issue size 41.15Cr
Canara HSBC Life Insurance Co. Ltd (Main board) – Issue size 2517.50Cr
Sihora Industries Ltd (BSE SME) - Issue size 10.56Cr
Listing today
Wework India Management (Main board) – Subscribed 1.15x
*Commodities updates*
Gold – Rs 120280/10gm, Silver – Rs 146150/kg, Brcrude – Rs 5468/barrel, Copper – Rs 1003.20/kg.
*India inks critical mineral, climate change and defence deals with UK*
India and the United Kingdom (UK) on Thursday announced a dozen outcomes across sectors ranging from education and critical minerals to climate change and defence cooperation. These include a $468 million (350 million pound) contract under which the UK will supply lightweight multirole missiles to India, and an agreement, worth $333 million (250 million pounds) initially, to take their collaboration on electric-powered engines for naval ships to the next stage. Prime Minister Narendra Modi and his visiting UK counterpart, Keir Starmer, met in Mumbai on Thursday morning and sought to inject fresh momentum into the strategic and economic partnership between the two countries. The meeting aimed to build on the free-trade agreement signed on July 24 during Modi’s visit to Chequers. “In today’s time of global uncertainty, our growing partnership stands as an important pillar of stability and economic progress,” Modi said at one of the three events — including a joint press conference — that the two leaders addressed during the day.
*Global market action*
Dow Jones – Up by 0.11% or 52.30 points
FTSE – Down by 0.42% or 39.47 points
CAC – Down by 0.23% or 18.77 points
DAX – Up by 0.06% or 14.12 points
Gift Nifty – Up by 0.02% or 5.50 points
*FII/DII activities*
FII – Bought 1308.16Cr worth of shares
DII – Bought 864.36Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
UTI AMC Ltd – 90.8%
V-Guard Industries Ltd – 90.2%
Rainbow Children Medicare Ltd – 88.1%
Hatson Agro Products Ltd – 88%
Galaxy Surfactants Ltd – 85.6%
*Primary market activities*
IPOs opening today
SK Minerals & Additives Ltd (BSE SME) – Issue size 41.15Cr
Canara HSBC Life Insurance Co. Ltd (Main board) – Issue size 2517.50Cr
Sihora Industries Ltd (BSE SME) - Issue size 10.56Cr
Listing today
Wework India Management (Main board) – Subscribed 1.15x
*Commodities updates*
Gold – Rs 120280/10gm, Silver – Rs 146150/kg, Brcrude – Rs 5468/barrel, Copper – Rs 1003.20/kg.
Can Be Doubler
Patel Retail is currently trading at a significantly lower P/E compared to all major retail peers, making it the cheapest stock among prominent listed retail companies and suggesting attractive valuations for investors.
P/E Comparison: Patel Retail and Peers
Patel Retail > PE - 34.71 (Cheapest, strong value) 🚀🚀🚀🚀🚀🚀
Patel Retail is currently trading at a significantly lower P/E compared to all major retail peers, making it the cheapest stock among prominent listed retail companies and suggesting attractive valuations for investors.
P/E Comparison: Patel Retail and Peers
Patel Retail > PE - 34.71 (Cheapest, strong value) 🚀🚀🚀🚀🚀🚀
Avenue Supermarts > PE - 114.35 (Premium, expensive)
Vishal Mega Mart > PE - 103.97 (Expensive)
V-Mart Retail > PE - 112.01 (Expensive)
Shoppers Stop > PE - 333.06 (Highly expensive)
Electronics Mart > PE - 52.36 (Moderate to expensive)
Spencer’s Retail > PE - 534.58 (Extremely expensive)Morning Alert..
*Finance ministry to review US tariff impact on MSME sector on Monday*
The Ministry of Finance is scheduled to hold a review meeting on Monday with public-sector banks (PSBs) to assess the impact of the punitive tariffs by the United States (US) on the micro, small, and medium enterprises (MSME) sector and evaluate their credit requirements, a senior government official said on condition of anonymity. The meeting will be chaired by Department of Financial Services (DFS) Secretary M Nagaraju. “The review will focus on financial inclusion schemes, such as MUDRA and credit guarantee, among others. The aim is to understand how external trade pressures are affecting MSMEs and to ensure that adequate credit support continues under existing government initiatives,” said the official. The government is also concerned that non-performing assets (NPAs) for MUDRA loans could rise due to higher tariffs, the official said, adding that the DFS would review the situation and seek suggestions from bankers on possible corrective measures. India’s MSMEs, which contribute over 45 per cent to the country’s exports, are facing major disruptions following the US decision to impose an additional 50 per cent tariff on the country’s goods. MSME industry bodies have raised concerns over its deep impact, seeking immediate government intervention.
*Global market action*
Dow Jones – Up by 0.82% or 371.75 points
FTSE – Down by 0.87% or 81.93 points
CAC – Down by 1.56% or 123.36 points
DAX – Down by 1.53% or 369.79 points
Gift Nifty – Down by 0.30% or 76.00 points
*FII/DII activities*
FII – Bought 459.20Cr worth of shares
DII – Bought 1707.83Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Akzo Nobel India Ltd – 95.8%
Garware Technical Fibres Ltd – 92.3%
Grindwell Norton Ltd – 91.4%
SRF Ltd – 87.2%
Emami Ltd – 82.4%
*Primary market activities*
Listing today
Tata Capital Ltd (Main board) – Subscribed 1.96x
*Commodities updates*
Gold – Rs 121492/10gm, Silver – Rs 146698/kg, Brcrude – Rs5246/barrel, Copper – Rs 968.95/kg.
*Finance ministry to review US tariff impact on MSME sector on Monday*
The Ministry of Finance is scheduled to hold a review meeting on Monday with public-sector banks (PSBs) to assess the impact of the punitive tariffs by the United States (US) on the micro, small, and medium enterprises (MSME) sector and evaluate their credit requirements, a senior government official said on condition of anonymity. The meeting will be chaired by Department of Financial Services (DFS) Secretary M Nagaraju. “The review will focus on financial inclusion schemes, such as MUDRA and credit guarantee, among others. The aim is to understand how external trade pressures are affecting MSMEs and to ensure that adequate credit support continues under existing government initiatives,” said the official. The government is also concerned that non-performing assets (NPAs) for MUDRA loans could rise due to higher tariffs, the official said, adding that the DFS would review the situation and seek suggestions from bankers on possible corrective measures. India’s MSMEs, which contribute over 45 per cent to the country’s exports, are facing major disruptions following the US decision to impose an additional 50 per cent tariff on the country’s goods. MSME industry bodies have raised concerns over its deep impact, seeking immediate government intervention.
*Global market action*
Dow Jones – Up by 0.82% or 371.75 points
FTSE – Down by 0.87% or 81.93 points
CAC – Down by 1.56% or 123.36 points
DAX – Down by 1.53% or 369.79 points
Gift Nifty – Down by 0.30% or 76.00 points
*FII/DII activities*
FII – Bought 459.20Cr worth of shares
DII – Bought 1707.83Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Akzo Nobel India Ltd – 95.8%
Garware Technical Fibres Ltd – 92.3%
Grindwell Norton Ltd – 91.4%
SRF Ltd – 87.2%
Emami Ltd – 82.4%
*Primary market activities*
Listing today
Tata Capital Ltd (Main board) – Subscribed 1.96x
*Commodities updates*
Gold – Rs 121492/10gm, Silver – Rs 146698/kg, Brcrude – Rs5246/barrel, Copper – Rs 968.95/kg.
Morning Alert..
*India's retail inflation slips to 99-month low of 1.54% in September*
After a minor uptick in August, India’s retail inflation moderated significantly in September to hit a 99-month low of 1.54 per cent, with food prices dropping 2.3 per cent from a year ago, marking the most benign print for the volatile and essential component of the household spending basket since December 2018. With September’s price rise pace coming under the central bank’s inflation tolerance range of 2 per cent to 6 per cent, the average inflation through the second quarter (Q2) of 2025-26 (FY26) is 1.74 per cent, a tad below the Reserve Bank of India (RBI) projection of 1.8 per cent for Q2 as well as Q3. Receding inflation pressures could lend more comfort for the Monetary Policy Committee of the RBI, which chose to keep interest rates unchanged for the second time at its bi-monthly review that concluded on October 1, to focus on growth. The RBI has lowered its inflation projection for FY26 to 2.6 per cent, with Q4 expected to clock a higher average of 4 per cent. Paras Jasrai, associate director, India Ratings & Research, said October’s retail inflation could be around 1 per cent, the lowest in the current CPI series, thanks to the GST rate cuts and a favourable base as inflation stood at 6.2 per cent in October 2024. The agency reckons there is scope for another 25 basis points (bps) repo rate cut by the RBI, contingent on upcoming data reflecting effective GST adjustments.
*Global market action*
Dow Jones – Up by 0.22% or 103.53 points
FTSE – Up by 0.16% or 15.40 points
CAC – Up by 0.20% or 16.26 points
DAX – Up by 0.60% or 146.47 points
Gift Nifty – Up by 0.05% or 13.00 points
*FII/DII activities*
FII – Bought 240.10Cr worth of shares
DII – Bought 2333.42Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Sheela Foam Ltd – 97.3%
Timken India Ltd – 88.2%
JB Chemicals & Pharma Ltd – 86.4%
Sai Life Sciences Ltd – 80.3%
Balrampur Chini Mills Ltd – 80%
*Primary market activities*
Listing today
LG Electronics India Ltd (Main board) – Subscribed 54.02x
Mittal Sections Ltd (BSE SME) – Subscribed 2.25x
*Commodities updates*
Gold – Rs 124562/10gm, Silver – Rs 154650/kg, Brcrude – Rs 5307/barrel, Copper – Rs 1004/kg.
*India's retail inflation slips to 99-month low of 1.54% in September*
After a minor uptick in August, India’s retail inflation moderated significantly in September to hit a 99-month low of 1.54 per cent, with food prices dropping 2.3 per cent from a year ago, marking the most benign print for the volatile and essential component of the household spending basket since December 2018. With September’s price rise pace coming under the central bank’s inflation tolerance range of 2 per cent to 6 per cent, the average inflation through the second quarter (Q2) of 2025-26 (FY26) is 1.74 per cent, a tad below the Reserve Bank of India (RBI) projection of 1.8 per cent for Q2 as well as Q3. Receding inflation pressures could lend more comfort for the Monetary Policy Committee of the RBI, which chose to keep interest rates unchanged for the second time at its bi-monthly review that concluded on October 1, to focus on growth. The RBI has lowered its inflation projection for FY26 to 2.6 per cent, with Q4 expected to clock a higher average of 4 per cent. Paras Jasrai, associate director, India Ratings & Research, said October’s retail inflation could be around 1 per cent, the lowest in the current CPI series, thanks to the GST rate cuts and a favourable base as inflation stood at 6.2 per cent in October 2024. The agency reckons there is scope for another 25 basis points (bps) repo rate cut by the RBI, contingent on upcoming data reflecting effective GST adjustments.
*Global market action*
Dow Jones – Up by 0.22% or 103.53 points
FTSE – Up by 0.16% or 15.40 points
CAC – Up by 0.20% or 16.26 points
DAX – Up by 0.60% or 146.47 points
Gift Nifty – Up by 0.05% or 13.00 points
*FII/DII activities*
FII – Bought 240.10Cr worth of shares
DII – Bought 2333.42Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Sheela Foam Ltd – 97.3%
Timken India Ltd – 88.2%
JB Chemicals & Pharma Ltd – 86.4%
Sai Life Sciences Ltd – 80.3%
Balrampur Chini Mills Ltd – 80%
*Primary market activities*
Listing today
LG Electronics India Ltd (Main board) – Subscribed 54.02x
Mittal Sections Ltd (BSE SME) – Subscribed 2.25x
*Commodities updates*
Gold – Rs 124562/10gm, Silver – Rs 154650/kg, Brcrude – Rs 5307/barrel, Copper – Rs 1004/kg.
Morning Alert..
*Jewellery, garments, marine goods bore the brunt of US duties in August*
As the 25 per cent US tariffs on Indian goods kicked in on August 7, the country’s labour-intensive exports, such as gems & jewellery, garments, and marine products, took the maximum hit, according to disaggregated data released by the commerce department. During the month, shipments of pearls, precious and semi-precious stones declined 54.2 per cent year-on-year, followed by marine products (–33 per cent), gold and other precious metal jewellery (–18.6 per cent), readymade garments (–13.2 per cent), cotton fabrics and made-ups (–10.1 per cent), drug formulations (–7 per cent), and auto components (–6.6 per cent). The US accounts for 34 per cent of India’s readymade garments exports and 39 per cent of cotton fabrics shipments. Exports of precious stones and gold jewellery contribute 37 per cent and 28 per cent to total shipments, respectively, while marine products (36 per cent), drug formulations (40 per cent), and auto components (22 per cent) also form significant shares of India’s shipments. The additional 25 per cent US tariff on Indian goods, which was imposed in response to New Delhi’s purchase of Russian oil, came into effect on August 27, raising the cumulative duty on Indian exports to 50 per cent. The commerce department will today (Wednesday) release trade data for September that may reflect the full impact of the 50 per cent tariff on Indian exports.
*Global market action*
Dow Jones – Up by 0.11% or 50.93 points
FTSE – Up by 0.10% or 9.90 points
CAC – Down by 0.18% or 14.64 points
DAX – Down by 0.62% or 150.99 points
Gift Nifty – Up by 0.35% or 88.00 points
*FII/DII activities*
FII – Sold 1508.53Cr worth of shares
DII – Bought 3661.13Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Global Health Ltd – 92%
Century Plyboard India Ltd – 88.8%
Akzo Nobel India Ltd – 82.6%
EIH Ltd – 82.2%
Timken India Ltd – 82%
*Primary market activities*
IPO opening today
Midwest Ltd (Main board) – Issue size 451Cr
*Commodities updates*
Gold – Rs 126324/10gm, Silver – Rs 159718/kg, Brcrude – Rs 5228/barrel, Copper – Rs 994.50/kg.
*Jewellery, garments, marine goods bore the brunt of US duties in August*
As the 25 per cent US tariffs on Indian goods kicked in on August 7, the country’s labour-intensive exports, such as gems & jewellery, garments, and marine products, took the maximum hit, according to disaggregated data released by the commerce department. During the month, shipments of pearls, precious and semi-precious stones declined 54.2 per cent year-on-year, followed by marine products (–33 per cent), gold and other precious metal jewellery (–18.6 per cent), readymade garments (–13.2 per cent), cotton fabrics and made-ups (–10.1 per cent), drug formulations (–7 per cent), and auto components (–6.6 per cent). The US accounts for 34 per cent of India’s readymade garments exports and 39 per cent of cotton fabrics shipments. Exports of precious stones and gold jewellery contribute 37 per cent and 28 per cent to total shipments, respectively, while marine products (36 per cent), drug formulations (40 per cent), and auto components (22 per cent) also form significant shares of India’s shipments. The additional 25 per cent US tariff on Indian goods, which was imposed in response to New Delhi’s purchase of Russian oil, came into effect on August 27, raising the cumulative duty on Indian exports to 50 per cent. The commerce department will today (Wednesday) release trade data for September that may reflect the full impact of the 50 per cent tariff on Indian exports.
*Global market action*
Dow Jones – Up by 0.11% or 50.93 points
FTSE – Up by 0.10% or 9.90 points
CAC – Down by 0.18% or 14.64 points
DAX – Down by 0.62% or 150.99 points
Gift Nifty – Up by 0.35% or 88.00 points
*FII/DII activities*
FII – Sold 1508.53Cr worth of shares
DII – Bought 3661.13Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 15.6x
*Stocks with high delivery percentage*
Global Health Ltd – 92%
Century Plyboard India Ltd – 88.8%
Akzo Nobel India Ltd – 82.6%
EIH Ltd – 82.2%
Timken India Ltd – 82%
*Primary market activities*
IPO opening today
Midwest Ltd (Main board) – Issue size 451Cr
*Commodities updates*
Gold – Rs 126324/10gm, Silver – Rs 159718/kg, Brcrude – Rs 5228/barrel, Copper – Rs 994.50/kg.
Can Be Doubler
Any Time Movement Towards 255
Patel Retail is currently trading at a significantly lower P/E compared to all major retail peers, making it the cheapest stock among prominent listed retail companies and suggesting attractive valuations for investors.
P/E Comparison: Patel Retail and Peers
Patel Retail > PE - 34.71 (Cheapest, strong value) 🚀🚀🚀🚀🚀🚀
Any Time Movement Towards 255
Patel Retail is currently trading at a significantly lower P/E compared to all major retail peers, making it the cheapest stock among prominent listed retail companies and suggesting attractive valuations for investors.
P/E Comparison: Patel Retail and Peers
Patel Retail > PE - 34.71 (Cheapest, strong value) 🚀🚀🚀🚀🚀🚀
Avenue Supermarts > PE - 114.35 (Premium, expensive)
Vishal Mega Mart > PE - 103.97 (Expensive)
V-Mart Retail > PE - 112.01 (Expensive)
Shoppers Stop > PE - 333.06 (Highly expensive)
Electronics Mart > PE - 52.36 (Moderate to expensive)
Spencer’s Retail > PE - 534.58 (Extremely expensive)Morning Alert..
*India casts doubt after Donald Trump claims its Russia oil buy to end*
The Ministry of External Affairs (MEA) on Thursday said it was unaware of any new conversation between US President Donald Trump and Prime Minister Narendra Modi, hours after Trump claimed he spoke with the Indian leader, who pledged to halt Russian oil purchases. It noted that the last phone call between the two took place on October 9. “To the best of our knowledge, I am not aware of any conversation between PM Modi and President Trump yesterday,” Randhir Jaiswal, spokesperson for the MEA, told reporters at a briefing in New Delhi. The ministry emphasised that India is “broad-basing and diversifying” its sourcing of energy to meet market conditions. It noted that New Delhi’s discussions with the Trump administration to deepen energy cooperation are “ongoing,” and that India is also sourcing oil from Brazil, whose Vice President Geraldo Alckmin is visiting India. The MEA’s statement followed comments made by Trump at a White House event on Wednesday. “Modi is a great man. He assured me today they will not be buying oil from Russia. Maybe that’s a breaking story. It has started. You can’t do it immediately, there is a little bit of process but the process is going to be over soon,” claimed the US president. He described Modi as a “friend” and a “great leader,” adding: “We were not happy with him buying oil from Russia because that lets Russia continue with this ridiculous war, where they’ve lost a million and a half people.”
*Global market action*
Dow Jones – Down by 0.14% or 63.97 points
FTSE – Up by 0.12% or 11.34 points
CAC – Up by 1.36% or 111.59 points
DAX – Up by 0.37% or 90.82 points
Gift Nifty – Down by 0.15% or 37.50 points
*FII/DII activities*
FII – Bought 997.29Cr worth of shares
DII – Bought 4076.20Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16x
*Stocks with high delivery percentage*
Garware Technical Fibres Ltd – 87.1%
Alkem Labs Ltd – 85%
Afcons Infra Ltd – 84.7%
Rainbow Childrens Medicare Ltd – 84.2%
Ramco Cements Ltd – 83.1%
*Primary market activities*
Listing today
SK Minerals & Additives Ltd (BSE SME) – Subscribed 3.52x
Canara HSBC Life Insurance Co Ltd (Main board) – Subscribed 2.30x
Sihora Industries Ltd (BSE SME) – Subscribed 1.27x
*Commodities updates*
Gold – Rs 130005/10gm, Silver – Rs 167632/kg, Brcrude – Rs 5060/barrel, Copper – Rs 994.25/kg.
*India casts doubt after Donald Trump claims its Russia oil buy to end*
The Ministry of External Affairs (MEA) on Thursday said it was unaware of any new conversation between US President Donald Trump and Prime Minister Narendra Modi, hours after Trump claimed he spoke with the Indian leader, who pledged to halt Russian oil purchases. It noted that the last phone call between the two took place on October 9. “To the best of our knowledge, I am not aware of any conversation between PM Modi and President Trump yesterday,” Randhir Jaiswal, spokesperson for the MEA, told reporters at a briefing in New Delhi. The ministry emphasised that India is “broad-basing and diversifying” its sourcing of energy to meet market conditions. It noted that New Delhi’s discussions with the Trump administration to deepen energy cooperation are “ongoing,” and that India is also sourcing oil from Brazil, whose Vice President Geraldo Alckmin is visiting India. The MEA’s statement followed comments made by Trump at a White House event on Wednesday. “Modi is a great man. He assured me today they will not be buying oil from Russia. Maybe that’s a breaking story. It has started. You can’t do it immediately, there is a little bit of process but the process is going to be over soon,” claimed the US president. He described Modi as a “friend” and a “great leader,” adding: “We were not happy with him buying oil from Russia because that lets Russia continue with this ridiculous war, where they’ve lost a million and a half people.”
*Global market action*
Dow Jones – Down by 0.14% or 63.97 points
FTSE – Up by 0.12% or 11.34 points
CAC – Up by 1.36% or 111.59 points
DAX – Up by 0.37% or 90.82 points
Gift Nifty – Down by 0.15% or 37.50 points
*FII/DII activities*
FII – Bought 997.29Cr worth of shares
DII – Bought 4076.20Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16x
*Stocks with high delivery percentage*
Garware Technical Fibres Ltd – 87.1%
Alkem Labs Ltd – 85%
Afcons Infra Ltd – 84.7%
Rainbow Childrens Medicare Ltd – 84.2%
Ramco Cements Ltd – 83.1%
*Primary market activities*
Listing today
SK Minerals & Additives Ltd (BSE SME) – Subscribed 3.52x
Canara HSBC Life Insurance Co Ltd (Main board) – Subscribed 2.30x
Sihora Industries Ltd (BSE SME) – Subscribed 1.27x
*Commodities updates*
Gold – Rs 130005/10gm, Silver – Rs 167632/kg, Brcrude – Rs 5060/barrel, Copper – Rs 994.25/kg.