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Morning Alert..
*Tariff impact: Gems & jewellery shipments to US hardest hit in September*
Exports of gems and jewellery to the United States (US) were hit the hardest in September, following the full impact of the 50 per cent tariff that took effect during the month. Shipments of pearls, precious, and semi-precious stones plunged 76.7 per cent during the month, while exports of gold and other precious metal jewellery dropped 71.1 per cent, disaggregated data released by the commerce department showed. During the month, exports of cotton fabrics and madeups (-36.2 per cent), marine products (-26.9 per cent), industrial machinery for dairy (-28.1 per cent), readymade garments (-25 per cent), drug formulations (-16.4 per cent) and auto components (-12 per cent) also contracted in double digits. The US accounts for 37 per cent of India’s total exports of precious stones and 28 per cent shipments of gold jewellery, respectively. Exports of drug formulations contribute 40 per cent to India’s total exports, while readymade garments (34 per cent), marine products (36 per cent) and auto components (22 per cent), also form significant shares of India’s shipments. While the 25 per cent so-called reciprocal tariff on India kicked in from August 5, the additional 25 per cent US tariff on Indian goods — 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.

*Global market action*
Dow Jones – Up by 0.09% or 40.75 points
FTSE – Down by 0.44% or 42.81 points
CAC – Down by 0.49% or 39.99 points
DAX – Down by 0.67% or 160.59 points
Gift Nifty – Down by 0.16% or 42.50 points

*FII/DII activities*
FII – Sold 6769.34Cr worth of shares
DII – Bought 7068.44Cr worth of shares.

*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.2x

*Stocks with high delivery percentage*
Medplus Health Services Ltd – 91.8%
Emcure Pharma Ltd – 84.3%
Fine Organics Industries Ltd – 83.1%
Finolex Industries Ltd – 82.4%
Niva Bupa Health Insurance Co. Ltd – 81.6%

*Primary market activities*
Listing today
Jayesh Logistics Ltd (NSE SME) – Subscribed 65.59x

*Commodities updates*
Gold – Rs 121284/10gm, Silver – Rs 148399/kg, Brcrude – Rs 5421/barrel, Copper – Rs 1011.05/kg.
Morning Buzzer ( Cheapest Valuation)

Listed Before 1 Month

GLOTTIS Cmp 74

Test Resistance 85 / 90 / 99 Sl 65

Coming Days View
Superb Fundamental

GLOTTIS Cmp 74

Glottis Limited is a Chennai-based logistics company established in 2004, now a listed public company servicing both domestic and international freight needs. The firm specializes in comprehensive freight solutions including ocean, air, and road logistics, offering customized supply-chain management across 120+ countries and handling a wide range of cargo, from high-tech goods to bulk commodities.​

Key Investment thesis
Expansive Global & Domestic Network: The company maintains a strong pan-India presence with eight branches at key cargo corridors and a global network spanning more than 120 countries. This widespread connectivity is supported by 171 global partners, 98 shipping lines, and 52 transporters, allowing Glottis to efficiently manage time-sensitive and bulk shipments for a diverse client base.​

Focus on Renewable Energy Logistics: A significant share of their growth is attributed to the energy infrastructure segment, especially renewable energy cargoes, where operational efficiencies and margin improvements have been strong. These sector-specific skills position Glottis as a preferred logistics partner for growing industries.​

Rapid Revenue and Profit Growth: Glottis Limited achieved exceptional revenue CAGR of approximately 40% from FY23 to FY25, and profit growth close to 58% during the same period, driven by operational efficiency, asset-light model, and strong international expansions. Their PAT margin remains robust at about 6% and EBITDA margin has improved to 8.3%, highlighting financial discipline and effective cost controls.​

Integrated, Tech-Driven Services: Glottis excels by offering integrated logistics, project cargo, customs clearance, and advanced warehousing solutions—all leveraging technology for real-time cargo tracking and documentation. Their multi-modal approach ensures tailored solution delivery for energy, hi-tech, and commodity sectors.​
Huge Movement Expected

15 % Movement Upside

Consolidation pattern break out likely on 15 min chart of GLOTTIS

Look at the 15 MIN chart of GLOTTIS. Stock is ready to give upward CONSOLIDATION pattern. Now above 75 expect rally up to 83/90 fast. Down side support exist at 67 levels.
Morning Alert..
*Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong*
India’s monthly crude oil imports from the US climbed in October to their highest level since March 2021, even as purchases of Russian oil stayed robust at 1.61 million barrels per day (bpd) but slightly below the year-to-date average of 1.73 million bpd, according to data from maritime intelligence firm Kpler. Indian refiners imported 593,000 bpd of crude oil from the US in October, a sharp rise from 207,000 bpd in September and well above the year-to-date average of 305,000 bpd. The growing share of US oil in India’s crude basket underlines deepening energy ties between the two nations and reflects New Delhi’s strategy to balance supply security, economics, and geopolitics. “The increase was economics-led, supported by a strong arbitrage window, a wider Brent-WTI spread, and weak Chinese demand that made WTI Midland competitive on a delivered basis,” said Sumit Ritolia, lead research analyst for refining and modelling at Kpler. “That said, further upside is limited, as the rise is arbitrage-led, not structural, constrained by longer voyage times, higher freight costs, and WTI’s lighter, naphtha-rich yield.” Imports of Russian oil in October were marginally higher than in September, when Indian refiners bought 1.57 million bpd.

*Global market action*
Dow Jones – Down by 0.26% or 120.93 points
FTSE – Down by 0.16% or 15.88 points
CAC – Down by 0.14% or 11.28 points
DAX – Up by 0.72% or 174.11 points
Gift Nifty – Down by 0.19% or 48.00 points

*FII/DII activities*
FII – Sold 1883.78Cr worth of shares
DII – Bought 3516.36Cr worth of shares.

*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.3x

*Stocks with high delivery percentage*
Sundaram Fasteners Ltd – 89.6%
Emcure Pharma Ltd – 83.4%
Akzo Nobel Ltd – 80%
AIA Engineering Ltd – 77.7%
P&G hygiene and healthcare Ltd – 76.2%

*Primary market activities*
IPOs opening today
Billionbrains Garage Ventures Ltd (Main board) – Issue size 6632.30Cr
Shreeji Global FMCG Ltd (NSE SME) – Issue size 85Cr

Listing today
Game Changer Texfab Ltd (BSE SME) – Subscribed 1.17x

*Commodities updates*
Gold – Rs 121416/10gm, Silver – Rs 147761/kg, Brcrude – Rs 5444/barrel, Copper – Rs 1009.30/kg.
Morning Note :

Indian equities expected to open with flat note, however supportive move expected with sector specific momentum.

Global Update: Asian markets opened in the green zone with supportive trading cues. U.S. equity index futures are trading in the green zone after reports suggested Congress was close to reaching a deal to end the longest ever government shutdown. During previous week, U.S. stocks faced on concerns of technology stocks’ valuations over a fear of artificial intelligence-fueled bubble.

*Sectors to Watch:* Metals, Financials, Defence and Selective Consumer stocks expected to remain on focus during the day.

*GIFT NIFTY Price* 25612.0 *Adjusted Change:* +23.0 Points, Percent Change: +0.09%

*Technical Levels: Nifty Near Future*

*Support*: 25496.0/25408.0
*Resistance*: 25693.0/25740

*Technical Levels: Bank Nifty Near Future*

*Support*: 58099.0/57800.0
*Resistance*: 58409.0/58589.0
7 Coming Days View🔤🔤🔤💲

Newly Listed available @ 40 % Discount From Issue Size

Vms Tmt CMP 69 / 71

Test Resistance 88 / 95 / 99 Sl 65

Coming days View Strong Potential View

available @ Cheap rate 🚀
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Morning Alert..
*India's Q2 economic growth may have surpassed RBI's 7% projection*
Led by a revival in consumption demand, an above-normal monsoon that propped up agriculture, robust industrial growth, and sustained public capex, the Indian economy is expected to have sustained the growth momentum in the July-September quarter (Q2) with a gross domestic product (GDP) growth uptick to over 7 per cent, after the 7.8 per cent growth recorded in Q1, economists reckon. The National Statistics Office (NSO) is expected to release the quarterly growth estimates for Q2 on November 28. In its bi-monthly monetary policy review that concluded on October 1, the Reserve Bank of India (RBI) had raised its GDP growth estimate for Q2 to 7 per cent from 6.7 per cent projected earlier, noting that domestic economic activity has continued to ‘sustain momentum’ in the September quarter. Favourable base effects and the low deflator growth which boosted the headline growth number in Q1, are likely to have persisted through Q2, most economists believe.

*Global market action*
Dow Jones – Up by 0.20% or 96.23 points
FTSE – Down by 0.84% or 82.72 points
CAC – Up by 0.37% or 30.46 points
DAX – Down by 0.56% or 135.76 points
Gift Nifty – Down by 0.14% or 35.00 points

*FII/DII activities*
FII – Sold 383.68Cr worth of shares
DII – Bought 3091.87Cr worth of shares.

*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.3x

*Stocks with high delivery percentage*
ZF Commercial Vehicles Control System India Ltd – 94.6%
Sumitomo Chemical India Ltd – 89.9%
Go Digit General Insurance Ltd – 87.4%
TTK Prestige Ltd – 84%
Metropolis Healthcare Ltd – 81.5%

*Primary market activities*
IPO opening today
Capillary Technologies India Ltd (Main board) – Issue size 877.50Cr

Listing today
Shining Tools Ltd (BSE SME) – Subscribed 1.15x
Curis Lifesciences Ltd (NSE SME) – Subscribed 74.39x
Pine Labs Ltd (Main board) – Subscribed 2.48x

*Commodities updates*
Gold – Rs 126815/10gm, Silver – Rs 162319/kg, Brcrude – Rs 5226/barrel, Copper – Rs 1014.50/kg.