Nifty extends gain to 2nd day, Brent below $100/bbl | Closing Bell

追加: 2026-05-07

[00:00:06]Heat. Heat.

[00:00:24]Heat. Heat.

[00:00:52]Hello and welcome back to money controls live stream. You're watching closing bell with me Lavishad and it's fairly ben rangebound day for the markets and you can see that nifty is off 100 points from the day's high level still holding above that 24300 mark and Sensex is also down by about 400 points from the day's high level. Of course remember it's the weekly expiry day for the BSC contracts.

[00:01:14]So of course you can see that Sensex Sensex has been fairly volatile throughout the trading session for today. But yes uh the smart outperformance that's coming in from the broader end of the markets. Both the nifty midcap and small cap indices have been uh trading with good set of gains.

[00:01:30]Nifty midcap index particularly that has notched a fresh lifetime high in today's trading session. Right now the index is up by about 1% as well. Even small caps for that matter that's up by about 8/10en of a percent. But yes, apart from that from a sectoral point of view, you can see Nifty Auto has been doing one once again quite well in today's trading session. It's up for the fourth consecutive day and this is coming in after you know we have seen a good sales data for the month of April and also we have seen that a slew of companies did report a steady quarter. For instance, Eminem, Bajage Auto, all of these companies have reported uh you know decent March quarter performance. But yes, apart from that you can see that Nifty Pharma index has been doing well.

[00:02:11]Metal index has been trading with good set of gains nearly half a percent gains coming in for there and of course uh Nifty Metal is also up for the fourth consecutive day as well. Apart from that you can see uh Bank Nifty is trading flat but with a positive bias. It's above that 56,000 mark and you can see that Royalty Index has been doing quite well once again half a percent gains coming in for there as well. But what is not doing uh well in the market like this that's your FMCG index seeing a bit of a profit booking down by about nearly more than half a percent. And you can see that some weakness has also emerged in uh PSU banking index as well as oil and gas uh stocks as well which have been seeing a bit of a sideways uh momentum. But yes, apart from that let's take a quick check of how the nifty gainers and losers look like in a market like this. You can see about 27 stocks have advanced versus 22 stocks which have declined among the large caps uh on the nifty50 index and amongst the gainers you can see the likes of HDFC life which is uh trading with good set of gains about 3% gains coming in for their Bajage auto um after the company announced its largest buyback after a span of four years that stock is also doing well with about 2 and a half% gains. Brokerages largely remain bullish on the counter following its March quarter performance. That's why you can see Bajage Auto and Eminem also doing well once again in today's trading session with about 2% gains. Following that you can see Grassim also trading with gains of about a percent. Shriram finance doing well with about a percent gains. NTPC following that you can see Hindalo Apollo Hospitals also remaining some of the gainers on the nifty50. But yes, what's not doing well in the market like this? Like I was talking about FMCG stocks remaining one of the top sectoral lagards and that's why you can see Hul uh with about 1 and a half% decline coming in for there as well. Uh some of the IT stocks are also under pressure.

[00:04:02]Uh tech mahindra TCS all of these stocks are seeing a decline of about a percent each. Titan ahead of its Q4 numbers which is due tomorrow. Uh the stock is trading a bit lower 1% decline coming in for there as well. Both Adani group stocks are seeing a bit of a profit booking. Adani uh Adani Enterprises and Adani ports uh both of these counters have not been doing well. They're seeing a decline for about nearly half a percent to a percent each. But yes uh you know the market breath still remains favorable towards the advances. You can see that the advanced decline ratio still standing at about 2 is to1 on the BSC. So yes uh that's a positive cue for the markets. But yes uh let's quickly move on and talk about how the last minutes of the trade looks like and how you should be positioned going ahead.

[00:04:45]I'll go across to Nirv Cheddar who is the assistant vice president equity derivatives and technical research retail at Nurmal Bank. Nirv uh good afternoon so good to have you back of course we're seeing some bit of a cool off from the day's high levels but still nifty is holding above that 24300 what are you watching out uh next in terms of levels given that Brent still remains below that $100 per barrel.

[00:05:10]>> Yeah, hi Lisha. Uh thanks for having me again. Um see uh there are two important factors here. Um after a very good upside from you know 20 to 500 odd levels Nifty reached 24500 uh in fact 24,000 levels which was um a very important resistance zone. Then in the last 8 to 10 days 24500 to 23900 has been the range. But one important thing that has happened is the 50-day moving average uh which was sloping downwards was at 24 500 about 10 days back. It is now around the 24,000 levels on the futures and that has been broken above and we are closing above the same for a second consecutive day which is a very positive sign according to me. I believe right now Nifty is well placed to move up from here up to 25,000 levels. uh so yes one should be buying nifty uh you know on uh at current levels and on dips with a stop loss of 24,000 and with a target of 25,25 200 odd levels which can uh come in soon uh similar is the case for bank nifty even bank nifty has broken above the 50-day moving average and expect some more buying to continue from current levels expect bank nifty to move towards the 200 day moving average which is around 57500 odd levels so One can look to buy bank nifty futures as well at current levels 55500 should be the stop loss.

[00:06:37]>> H okay got it. Of course uh those are the cues for the nifty and the bank nifty indexes. Nv let's talk about nifty auto index. It's up and running for the fourth consecutive day. We have seen several of the stocks have reported their Q4 results. What's your take on Nifty Auto and of course what lies ahead?

[00:06:55]See uh Nifty Auto has outperformed no doubt about it but some of the names are a little overbought and I would suggest to book some profits there uh and you know go to sectors which haven't really performed much you know something like a defense or uh you know capital goods etc. the these sectors might outperform now the auto sector which has been performing quite well in the last one one and a half years. So uh you know there are chances that some sort of profit booking will emerge in the auto sector. So it would be a good time to you know uh book certain profits here.

[00:07:33]>> Okay certain profits can be booked.

[00:07:35]Let's uh talk about some individual names as well. Uh n of Bajage auto it's reacting well to the Q4 results and of course the company's also announced one of its largest buyback after a span of four years. What's your take here? Do you think uh the stock has run up uh quite a bit and it's time to book profit here as well?

[00:07:52]>> Uh no. So see uh in the auto pack if you look uh stock to stock there are some stocks which have underperformed in the last one one and a half years and Bajage auto is one of the you know one from that list and expect this to outperform why because you know after a brief long uh you know consolidation this stock has broken out above that 10,000 resistance band and expect this to outperform you it can go up towards 11 250 11400 odd levels. So with that target in mind uh you can you know hold on to the stock or you know look to buy at current levels and on certain decline with a stop loss of 10,000.

[00:08:32]>> Okay. All right. That's the cue for Baj Auto as well. The stock has been doing well with about 2% gains. All right. Uh let's move on and talk about Nifty Metal Index. It's up and running for the fourth consecutive day and we have seen that a lot of metal counters have been gaining traction. Anything that you're liking from the current price point NRO from the metal basket? Uh yeah the ferris space u uh you know something like a data steel sale uh these stocks have outperformed and the charts are very positive. So I like these stocks.

[00:09:03]One can look to you know buy these stocks even at current levels they can give very decent returns going forward.

[00:09:10]So uh I mean sale at current levels with a target of around 210 uh with a stop loss of around 175 and Tata steel as well you know at current levels with a uh stop loss of around 208 and expect something around 240 250 to come soon.

[00:09:25]So this space is in a bull trend and it should continue uh this trend going forward as well.

[00:09:33]>> Of course. All right that's the cue for sale and Tatast steel as well. All right, let's move on and talk about KI industries. Uh you can see that the stock is moving lower right on your screen 1% decline coming in and we have seen that uh the sources have told CNBC TV18 that uh the IT department is conducting some search operations at the company. Uh according to reports the searches are currently underway across nearly six locations which includes New Delhi as well. But yes, of course the development is coming after the company has reported its Q4 results and you know what's your take on KI and of course uh today's fall.

[00:10:09]see KI uh if you look at the chart I don't know you know um uh the news uh impact on this but uh the chart is positive and uh a very big breakout has come in around the 4800 levels u no doubt it retested this level and uh but I do believe this can still go upwards from here uh one can look to add this stock at current levels and on certain declines but 5500 level is coming so you can uh continue to hold this stock. You can keep a stop loss of 4,800 for your longs.

[00:10:45]>> Okay. All right. The structure looks positive from a near-term perspective.

[00:10:48]All right. Let's move on and talk about Godidge Consumer. The stock has fallen even after the company reported a steady March quarter performance. Number-wise, we've seen uh the revenue rising by about 11% on a year-on-year basis. EITA net profit has also increased in double digits as well. But still, the stock is seeing a bit of a cool off. 5% decline coming in for there as well. So yes uh N what's your take on Godish consumer? Not just this but we are seeing that today all of these FMCG counters they have been trading lower.

[00:11:19]>> So Godish consumer uh the chart is a bit negative. There was an important resistance around 1120 and uh that was briefly broken but not closed above. Um expect this stock to witness further selling. uh it can probably come down towards 995 uh to 980 odd levels which is where a very good support area is placed. So u you know around those levels one can you know look to buy again but at this point of time there is still some downside left.

[00:11:50]>> Okay. All right. Some downside is left for God consumer. But uh let's move on and talk about Misho shares. Uh the stock did see some good gains today but right now the stock is seeing a bit of a cool off from the day's high levels.

[00:12:01]It's down by about nearly 5% from the day's high level, but still it's up by about nearly a percent. And we have seen uh from a numbers perspective, the company's top line grew about uh 47% on a year-on-year basis. And even net loss has narrowed to about 166 cr rupees uh during the March quarter as well. Uh you know, what's your take from Misho?

[00:12:20]Earlier this month, we've seen that the stock had uh you know, seen a level of about 217. Uh can it reclaim those levels soon?

[00:12:28]Uh see the chart is positive no doubt it has come down in the last couple of days but uh expect buying to again emerge soon. Uh good support areas around 190.

[00:12:40]So if it falls towards 190 you can look to add more positions on the long side.

[00:12:44]Uh yes this can move up towards 240 245 odd level. So yes uh one can look to add positions with that stop loss of 190.

[00:12:53]>> Okay. All right. Stop loss is 190 for Misho. Uh let's move on and talk about another new age tech uh stock that's your PTM. The stock has been soaring in the trade today 8% gains coming in after we have seen that the company has returned to a profit of about 183 cr rupees compared to a net loss from the year ago period. Even revenue for that matter that has grown in about double digits and the management has said in their post earnings conference call that they expect significant marita margin expansion in the year ahead. So yes uh you know bullish views coming in not just from the uh you know Q4 report but of course from the management uh side as well. NRV what's your take for PTM strong breakout today.

[00:13:34]>> Oh yes there has been a breakout above 1170 levels uh a strong one at that and with volume so that's a good sign. Uh expect more buying to uh continue in this stock. It can move up towards 1270300 levels that should be the target. uh you can look to add positions here. 1170 will be your stop loss.

[00:13:56]>> Okay. All right. 12 uh 1200 and 1170 could be the stop loss for PTM. All right. Uh uh let's move on and talk about Blue Star shares. Uh that stock has fallen by about 3%. And you can see that this is coming in after the companies reported a fairly mixed March quarter performance where revenue had missed what the street was anticipating and however margins and profitability that has come in ahead of expectations.

[00:14:20]So yes, it's a mixed uh quarter for blue star but the stock has been reacting quite negatively. It's cooled off from the day high levels as well down by about 3%. Uh uh n what's your take for blue star? We have seen that in the past 1 month the stock is relatively gained by about 13%.

[00:14:38]>> So uh it has been underperforming for quite some time. Chart doesn't seem very positive even at this point of time. Uh consolidation is in place for the stock.

[00:14:47]It has reached the upper band and now likely to move down towards its lower band uh which is around 1,600 levels. So uh you know do not buy this stock at current levels. Let it come down uh once it comes towards 1650 1600 that is when you look to buy again.

[00:15:04]>> Okay. All right. That's the cue for blue star. All right. Let's move on and talk about bhat shares. The stock has been reacting quite positively after the company reported its March quarter earnings and outlined an optimistic growth outlook as well. Now the management has said that they remain confident of delivering 25% revenue growth along with a corresponding increase in IBITA going forward and that's why right now you can see the stock price has been commanding some good gains with about 6% gains coming in for there as well. Anrov what do you make sense of today's rise and do you believe that the stock can inch towards its 52- week highs of about 2,000 >> uh yeah I think so see it hit 2,000 uh today and u uh I believe there has been a very big breakout which has come in in this stock uh above the 1,800 odd levels briefly it had gone down but again you know it has reclaimed those levels And uh I believe now the next real targets for this stock is around 2250 2300 levels. So you can look to add positions. Uh looks like a very solid chart. Um your stop loss would be around uh 1850. Now uh for longs.

[00:16:19]>> Okay. All right. That's the cue for Bat for the stock looks positive from a near-term perspective. Let's move on and talk about CG power. The stock has been doing well with about 3 and a half% gains and uh the stock has also hit a new record high today uh from the 52- week low and uh the stock uh and you can see that majority of the brokerages they've retained their bullish call in the counter. What's your call on CG power? The stock is up by about 65% from the 52- week lows.

[00:16:47]>> Oh yes. Uh there's been a beautiful uh rise in this particular stock. Uh expect more buying to continue. Um uh this stock can probably move up toward the 925 930 odd band very soon. So continue to hold if you are long. You can build more long positions at current levels as well. Uh you need to keep a stop loss of around 805 for your longs.

[00:17:13]>> Okay. All right. That's the cue for CG power. Let's move on and talk about Yes Bank. The stock is up for the fourth consecutive session and you can see that it's witnessing a strong momentum and its best weekly gain in the last four two years as well. So yes, yes bank in the past one month also we have seen that the stock has surged by about 24% and today also the stock has been doing quite well. Um Nv should we buy at the current levels?

[00:17:41]>> Oh yes uh we should. Um so this stock has been in the longest consolidation uh uh you know in the last uh five 6 years uh this stock has really uh done nothing much uh you know 23 24 on the upside and about 17 or 15 on the downside but believe the time is right for this stock to now break out. Um good volumes have gone in at the near the base and expect this stock to move up now toward the 2830 level. So look to buy the stock at current levels and on certain declines 18 should be your stop loss and you know 28 to 30 should be your target.

[00:18:19]>> Okay. All right. That's the cue for Yes Bank. Right now the stock is up by about 2%. But is let's talk about some volume buzzes of the day. TJS networks has been doing well. We are seeing a good breakout for the counter 15% gains coming in for there and with that in just the past one month the stock has gained by about 27%. So yes the network is doing quite well today. Nero what's your call for this particular counter it's seeing a strong surge today >> yeah so see Lisha there have been some stocks in the last 1 and a half years almost 18 months where they've continuously come down most of the stocks you know small cap midcap and finally in the month of April they've all seen reversals and with volume so this is something which has happened with the networks as well and super volumes have gone in near that 300 to 400 band and then a breakout. Uh so definite uh buy at current levels. I believe this stock can move up quite aggressively now up to the 800 to 1,000 uh range and that to within you know the next uh 2 3 months. So look to buy this stock at current levels and on certain declines. Good volumes have gone in good breakout has come in. Uh your stop loss should be around 465 for longs and uh again 800 would be your first target.

[00:19:37]>> H okay. All right. 800 would be the first target for the networks. All right. Uh some bullish statement coming in. Let's move and talk about another volume buzzer of the day. That's your Raymond Realy. The stock is up by about 12%, yesterday also. We have seen that the stock hit an upper circuit of about 20% after uh we've seen a stronger Q4 performance where the pre-sales has had more than doubled. Uh NRA, what's your call on Raymond Realy? The stock has relatively cooled off from the day's high levels but still 11% gains.

[00:20:07]Uh yeah. So uh at this point of time uh you know I again very similar chart to the networks when you know ever since it listed differently the stock has come down from 1,000 odd to about you know 380 odd and then finally a breakout with volumes and uh I believe uh very similar to tages this stock can move up uh very aggressively up to the 900 950 odd uh and uh look to buy this stock. But the only caveat here is uh this stock has already moved up in this week itself from 450 to about 670 odd level. So you know about 30%, it has moved. So I would suggest to you know uh buy on certain declines up to you know 600 580 odd levels. When that comes in by with a stop loss of 525 you will see you know levels of 850 to 900 coming soon. H okay got it that's your Raymond realy let's discuss about uh another volume buzzer of the day that's your Arvind that stock has hit a fresh 52- week high and the stock has gained by about nearly 13% in today's trading session and this is coming in after uh the company has announced an acquisition update through its US-based subsidiary and that's why the stock is doing uh quite well today um what's your call here NRA after we've discussed uh uh the both volume buzzes of the day uh they just networks and Raymond Royalty. What's your call on Arvind?

[00:21:40]>> Arvind as well you know uh there was a a big consolidation which was going on since 2024 August and now that breakout has come in today uh a big breakout with volumes again. Um so yeah uh this stock uh which was in a range of about 400 to 300 uh in the last 18 months this has broken out. I believe this stock can come up towards the 525 550 odd band maybe even higher but at least for that target uh you can look to buy this stock 425 will be your stop loss >> okay all right that's the cue for the 16% powering move for this particular stock all right let's move on and talk about the BSC capital goods index that has hit a fresh uh record high today and we have seen the likes of Bale Polycap the all of these counters have surged in today's trading session with about 6 to 7% gains as well. Nero, what's your call on capital goods index? Do you see more moves going ahead in the near term?

[00:22:39]>> Well, yes. Uh I think you know defense and capital goods have bottomed out and uh very likely most of the stocks will uh start to make new 52- week highs soon. I believe they can move up quite aggressively. So yes, one should look to you know add positions here. uh you know something like a you know smaller stock like BML uh that is something it's my pick also for today. So uh that should move up uh as well. So yeah I mean one should be invested in these you know capital goods stocks. Um I had already mentioned you know when you asked about auto that you should shift to capital goods and defense and this can be a good shift at this point of time uh you know because most of the stocks are even volume buzzers and they are breaking out on charts.

[00:23:29]>> Okay. Got it. Got it. All right. Uh you know let's move on and talk about Craftsman Auto. This particular stock has been doing quite well after following its March quarter performance.

[00:23:38]We've seen that revenue has increased in double digits of about 27%. EITA has increased by about 47% and margins have expanded quite sharply by over 200 basis points and that's why the stock has been reacting quite positively to its Q4 performance 11% gains coming in for there NRV what's your call on Craftsman Auto of course the stock has picked up pace since the month of April uh do you think the trend can sustain over the near term >> I think it should um there's been a flag breakout in this stock a brief consolidation breakout uh the stock can move up towards towards you know the 10,000 levels soon. One can look to add positions here. You can give a stop loss of 8050 for your longs.

[00:24:21]>> Okay. All right. That's the cue for craftsman auto. But the broad end of the markets they have been performing quite well today. You can see both the nifty midcap and small cap indexes have been doing well. N what's your call for midcap index particularly? You know it's hit a fresh lifetime high today up for the fourth consecutive day. What does the near-term trend looks like to you?

[00:24:43]Yeah. So, uh, Lisha even though you know it has hit a fresh lifetime high uh if you see the 18 months they had been very painful for midcap and small cap investors and most of the stocks have come down you know 25 30 50%. uh across the board still there were some stocks which moved up and that is why the index was up but I believe finally uh that 18 month consolidation or downward leg is over and you can see very good momentum in most of the small cap midcap names from here and that is one place where you should be invested because very good returns are to be made I do see you know 25 30% jump in most of the small cap midcap names you know going forward from a 1 to two perspective.

[00:25:31]>> Okay, got it. That's your Craftsman Auto. Looks like a positive near-term perspective. Let's discuss about Wandera Holidays. The stock is seeing a significant breakdown today despite reporting a strong set of performance from a Q4 perspective where we did see revenue rising by about 40% in a year-on-year basis. Net profit also grew in double digits. EITA and EITA margins have also seen an improvement from the year ago period. Wonder holidays, what's your call here? And of course uh what's the sentiment like around this uh particular stock? Uh >> see this stock is in a uh you know lower top lower bottom formation. The breakout uh didn't come in. It tried uh you know a couple of times. Once this stock moves up above the 555 levels on a closing basis that is when you'll see a good breakout coming in and you know stock jumping up towards 700. Until then uh do not buy this stock. Buy only above 555 with a stop loss of 525 once that breakout comes in.

[00:26:27]All right, 555 is a crucial level that we need to watch out then. All right, let's uh discuss about Cororomandel Corandal International. The stock is near its uh days low level though it has been attempting recovery in the last couple of minutes but we have seen that according to the Q4 numbers the net profit has declined quite sharply by about 76% from a year ago period and of course it did report an exceptional loss of about 71 cr rupees in this quarter as well. uh revenue also increased uh however by 20%, EITA increased by about 40%, 14% and margins they have contracted however to about 8.1 from 8.5%. So yes uh it's the bottom line performance which has uh you know depressed the street and that's why you can see negative moves which is playing on the stock price as well. Uh Korandal International uh what does the trend look like uh in the near-term for you?

[00:27:20]Uh so this stock I believe uh can uh you know not uh move up. I think uh why because see when when all of the stocks were moving down this was one stock which continued to move up in the last uh you know uh 1 one and a half years from 2024 onwards. This stock moved up from 1100 up to you know uh 26 2700 levels and it has made a top kind of a formation around this 27 2500 zone with lot of volumes going in there. Uh that does tell us that very likely now this stock will come down then a breakdown uh below the 2180 which was a very important support zone uh has confirmed its downward leg from there. I believe this stock can come down towards the 1600 to 1500 uh band and it should also take three to six months of consolidation. So at this point of time if you're holding this stock just exit it because there are chances some more selling will come in and some time correction will take place.

[00:28:24]>> Okay. All right. some time correction could take place but just a couple of seconds before we get to the last trades and you know it's likely that we're going to close uh quite in the positive territory and that's why you can see it's a very flattish kind of a close for the markets today nifty who clinging on to that 24300 mark so to say and of course very mild four points gain for the nifty even census for that matter it's seeing a decline of about 72 points a fairly been a rangebound day for the markets of course we are seeing that it's the BSC weekly derivatives expiry which has played a spoil sport for the markets and of course uh the tensions which continue to linger between US and Iran uh given that they have exchanged uh an one-page MMO but Iran is yet to respond uh to the US on how the peace proposal looks like going ahead but is the oil oil markets have taken it well Brent crude continues to remain below that $100 per barrel but of course uh it's the tension and of course the uncertainty uh with regards to the West Asia which is keeping markets on the tent hooks. But yes, apart from that, you can see Bank Nifty's uh you know closed in the green uh above that 56,000 mark and Midnifty Midcap index that's one of the smart outperformer of the day. Both the nifty midcap and small caps index which has uh you know outperformed the ben benchmarks for today's trading session. Of course, both of these indices have been up and running for the fourth consecutive day.

[00:29:46]So of course it's the smart outperformance which is coming in from there. But yes sir from a sectoral point of view FMCG index has uh ended in the red with about half a percent decline.

[00:29:55]IT index was also ended the day in the negative territory with about half a percent cut. PSU banking index with about 4/10en of a percent cut coming in for there as well. What has done well today? It's your nifty auto index which is up by about 2%. Of course uh you know it's the uh you know April month sales data and of course the Q4 reports which has uh perked up all of these auto counters and that's where you can see Nifty Auto index with about 2% gains.

[00:30:21]Following that you can see uh Nifty Metal Index which has done well with about 3/10en of a percent gain. Nifty realy up and about with about half a percent gains and apart from that you can see Nifty Pharma index has also closed uh flat but with a positive bias.

[00:30:36]Now let's take a look at um how the gainers and losers look like on the Nifty50. You can see about 27 stocks have declined versus 23 that have advanced in today's trading session. And amongst the gainers you can see HDFC Life which has done well with about 3% gains. Following that you have two of these auto majors right on your screen.

[00:30:55]Bajage Auto and Eminem with about uh you know 3 to 2% gains. Grassim is doing well with about 1 and a half% gains.

[00:31:02]NTPC with about a percent gains. Shiram Finance also doing well. OMGC, Apollo Hospitals and Hindalco. OGC rebounding from yesterday being the top nifty loser. Today it has slipped into the positive territory with about a percent gains. And you can see Apollo Hospitals and Hindalo remaining the other top nifty gainers. On the flip side, what has not done well in a market like this is your HOL seeing a decline of about 2%. Some of the IT stocks coming under pressure. TCS, Tech Mahindra with about a percent loss. uh tight tighten ahead of the Q4 numbers is seeing a little bit of a sideways movement. Uh 1% decline coming in for there as well. ITC and coal India some of the other top nifty losers right on your screen. But yes, let's discuss about HDFC live one of the top nifty gainers of the day and of course the stock is up for the fourth consecutive day. Uh coming to you NRA for HDFC live how does the trend look like for the near term?

[00:31:59]So uh SGFC life in the longest time has been in consolidation on the upside 750 uh 780 odd levels and on the downside around 550 levels that has been the range for about 4 5 years now and uh it hit the lower band uh just recently and from there a reversal has taken shape I believe now it will go towards this upper band which is around the 750 levels. So it's a good level to enter this stock even now from a trading perspective. Yes, some sort of downside.

[00:32:27]Uh if it comes, go ahead and buy. Uh your stop loss should be 580 now and 750 should be your target.

[00:32:35]>> Okay. All right. That's your HTFC life.

[00:32:37]Uh but yes, just one last question before I let you go, Nero. Uh what are your top picks? I know you mentioned Bale and of course being bullish on capital goods. Anything else apart from that?

[00:32:47]>> Yeah, so BML is one stock that I like. U there has been a breakout which has come in uh in this stock. So one can look to buy this stock now uh with a stop loss of 1950 and I expect 2200 to come very soon. That is one. Uh the second stock that I like is protein ego. Um this is one stock which everyone has sold into.

[00:33:12]The stock has come down from 2,000 odd levels up to you know 550 odd but there has been a very good reversal with volumes and I expect good buying to continue in this stock. one can look to buy the stock with a target of 650. 580 should be a stop loss.

[00:33:29]>> Okay. 580 for for the stop loss for this particular stock. All right. U those were some of the top picks but with that we have to let you go NRAV. Appreciate your time and of course thank you for joining us.

[00:33:39]>> Thank you.

[00:33:42]>> Of course it's been a choppy session for the markets. You can see that both the front line indices have closed quite uh you know very quiet in the trade and of course uh flat but you know it's a mixed trading session for both of these indices given that the expiry has also played a spoil sport for any of the uh moves which is coming in today but of course we'll be watching out how the West Asia tensions pan out in the next coming days whether or not there is a formidable resolution between the two countries and of course uh what the oil price movement uh tells us going ahead but yes let's quickly move on to our next guest of the show and to understand uh and talk more about markets. Uh joining me is Sedhhat Kimka who's the head of research wealth management at Motila Financial Services to understand of course how the market setup looks like going ahead from here on. Uh Sat good afternoon so good to have you back.

[00:34:34]>> Yeah good afternoon Lisha. Yes glad to be on the show. Yeah. So that's I mean since yesterday till today we've seen markets have fairly been able to quick enough to digest any of these deescalation hopes with respect to what is happening over the West Asia. I mean what are your first thoughts on the prevailing sentiment and of course what the way ahead looks like.

[00:34:55]Yeah, I think that is one event that has kept the markets on the edge for quite some time and news flows from various sources indicate that there is some uh progress in the talks and that is why I think if you look at the key indicator uh for us in India is what the global crude oil prices are behaving and if any uh correction in that would be an indication that things are progressing well. uh I think the biggest single biggest factor for the India macro variable for the next few months uh would remain the crude oil prices. So a sustained or an elongated uh period of high crude oil prices could put a pressure on the uh India macros. Plus it has already putting a lot of pressure on the Indian currency inflation and uh then maybe few months down the line there could be an possibility that to re in the inflation central banks to try to come in and uh hike some rates which could be a big negative. But having said that uh the belief uh at least by reading what the new sources are suggesting is that there has been some progress made. Both the parties which is your US and Iran are looking to uh get into a settlement much sooner than later and that should be a big positive for Indian markets.

[00:36:14]>> Got it. Got it. Sedat you know we have seen that um a lot of these global indices they have recovered smartly after the March 2026 selloff but nifty that continues to trade below the pre-war levels currently what is the market still nervous about as I told you the biggest concern for Indian market is uh the high qualai prices and the and the energy prices on top of it if you look at the supply disruptions mainly on in the form of the natural gas NPG and fertilizers uh I I think those are a bigger concerns and the upcoming monsoon season which the IMD has predicted that because of Nino could be below normal. So all these factors I think is uh an indication that there could be inflationary pressures few months down the line and if this uh wastation crisis doesn't resolve soon I think uh till the time we have the confirmation uh Indian markets are more susceptible to these uh crisis given that 40 50% of our energy requirements come from the state of hormos and as a becoming a key choke point uh for the Indian industries so That's Lisha I think is the single biggest factor which is keeping the Indian markets under check.

[00:37:30]>> Okay. Got it. Got it. Sat you know I was reading your uh latest strategy note where it mentioned that all of these global markets they are currently pricing in about 20 to 40% of EPS growth but India that's building in nearly 18% earnings growth. So does that make India more realistically valued or do you think it's more less attractive compared to the global indexes?

[00:37:51]Yes, I think uh some of the industries global economies they are largely the earnings is driven by your chips and semiconductors where India you do not have that sector it is more real and more industry based sectors that we have in India. uh so I think uh the high growth in some of these uh US and the Korean markets those are largely driven by the semiconductors and hence they are seeing high growth and high valuations compared to that I think Indian growth even if we were to give a 15% earnings growth in FI27 valuations are comfortable we have seen a huge outflow from FIS and I think uh if this earnings were to improve uh FI money would start coming back uh and that could be a big support point.

[00:38:42]Domestic flows have been pretty strong and has been able to absorb bulk of this selling from FIS and I think so far we have done well in terms of our macros being stable, inflation still much under the the RBI's comfort zone. supply is still there and I think uh government has managed the supply chain as well as has not passed on the few price hikes in the retail prices. So that has also helped to get keep the inflation in check. Earnings recovery is seeing now Q4 earnings so far has been pretty much in line to above our expectations. some 110 companies that have reported from our coverage universe. Uh I think revenue is about one and a half% above our expectations on an aggregate basis while the net profit is almost 2 and a half% above our expectations. So uh earnings recovery is something that has been building up on FY27. uh the key risk again uh goes on uh purely in the form of the crude devability the supply chain disruptions and the commodity prices uh which could impact this growth and hence I think there is some cautiousness as we enter into the Q1 of FI27 >> got it got it you know you were earlier Sat you were me mentioning about how the FIS have been you know net sellers and of course DIS have been holding the ground I mean do you think with DIS or DI I holdings reaching about record high levels. FI is to record low. Uh I mean is this character can this create a flow for a market during riskoff phases with DIS holding the ground.

[00:40:23]So Luigia if you look at historically two decades FIS were holding the grounds and even a small selling from FIS used to bring down Indian uh markets indices and finally we have uh a strong domestic inflows and we are only going to see uh the domestic inflows growing from here.

[00:40:42]So, so if you look at mutual fund penetration, demand penetration, financializations of savings uh over the next few years is only going to go up and that will create a strong base of our domestic supply. uh the uh positive side is that whenever the FIS come back I think that can provide pro provide the double engine uh to the uh market momentum where both FIS and DIS are buying into the stocks and I think that is one of the reasons why we are seeing the broader markets kind of outperforming in this environment where earnings growth are there and I think a lot of liquidity flows are going towards the midcap small cap idea >> okay got it got it uh what's your take on the broad end of the market. Sedat uh you know we have seen today midcap index has inched notched a fresh record high.

[00:41:31]Do you think all of these gains are sustainable going ahead?

[00:41:35]>> Definitely Lisha I think uh the uh the momentum in broader market is largely driven by earnings. Uh what we are expecting is that the midcap small caps earning growth should sharply outperform that of the large caps. So while large caps for Q4 are expected to still report mid- singledigit earnings growth, mid and small caps are expected to report almost high teams which is about 18 19% kind of earnings growth and that is what so far the numbers have come out. Uh what is also been supportive is the management commentaries across some of these broader markets themes uh sectors that have come out. they have indicated strong growth guidance uh for FI27. Some of them have even raised the capex guidance. So I think overall uh the uh valuations have kind of cooled off from their peaks and now with earnings recovery happening uh new for mid and small caps from here selectively sectors wise I think that is where the market opportunity line is going.

[00:42:38]>> H okay got it that's your take for broader markets. All right. You know, you were talking about Q4 results.

[00:42:45]That's, you know, been in line with what you were expecting. Any hits, misses in terms of sectoral themes.

[00:42:52]I >> think if you look at uh key sectors that have done well, BFSI has done well. So, banking uh financials, so NBFCs have come out with strong numbers. Capital market companies have come out with strong numbers. Metals have reported almost 50% earnings growth so far. uh wires and cables is another space which has come out with strong numbers. Uh so these are some of the pockets where we have seen capital goods defense uh have come out with strong numbers. So we have seen strong uh earnings growth as well as strong order book from some of the uh capital goods uh the power transmission sector. I think that has come out with strong numbers.

[00:43:34]>> Okay. Got it. Got it. So what do you make of LNT? Of course we have seen that uh you know since the March lows the stock made a decent recovery but just yesterday we heard the management where they did highlight some caution uh to be observed during the first quarter of FI27 and of course going into the FI27 for second quarter as well. I mean do you think these all of these gains that LNT made is sustainable going ahead or would they see further fall um you know in the near near to medium term?

[00:44:02]So yeah, Loisha, I think Larsson is facing some execution challenges especially in the West Asian countries where they are present and hence uh some weakness in the near term. But overall if you look at they're sitting on a record order book and what we also expect is once this west crisis uh gets over a lot of newer growth opportunities can come by for LNT. uh further to that LNT has uh outlined investments across new age areas such as uh uh to be future ready. So a lot of newer segments that they are getting in uh in the energy space, high-tech manufacturing and some of the other aspects like infrastructure, utility uh and new age green hydrogen, semiconductors as well as for into electronic product manufacturing. So overall what we see is that the capeex uh growth across India is pretty strong and the company is investing across segments. So uh what we are expecting is that the core EP business to see a steady uh 20 25% kind of earnings growth over the next two years. Plus uh some of the businesses for example because it is a holding company and uh lot of value is also coming from the IT companies and some of the other businesses that got demoted.

[00:45:20]Uh the LT finance which is doing very well. uh both the uh LTIM plus LTS I think there the valuation downtrending has already happened and we see limited downside from here so overall I think near-term L&T could remain a little bit sideways but I think from a longerterm perspective uh once the execution pickups there is a strong order book plus investments in new businesses that should drive growth for LLP so we have a long-term positive view and a target price of 4,500 >> okay got it got it So that let's talk about some of the FMCG stocks. U you know they've underperformed uh since a long time uh because the growth was muted but now we have seen that several of the counters are seeing good volume growth. Do you think the valuations have started to become attractive again?

[00:46:08]>> Uh lo I think there's been a mixed bag.

[00:46:10]Some of the uh FMG companies have started reporting strong numbers. For example Marico they clearly was an outlier among its peers. uh the revenue grew about 22% uh specifically if you look at the domestic revenue there was a volume growth of 9% international revenue grew about 19% and uh they expect to sustain the high singledigit volume growth in the India business as well as the margins uh that is where also they have kind of outperformed so I think selectively in the FMCG space compared to that we had the goodage consumer numbers yesterday marginally weak compared to our expectations. Uh HL numbers were broadly in line but again something where growth is not putting in and hence a little bit of you can say underweight kind of view. Uh overall valuations are definitely kind of seeing some softening but the challenges in terms of growth and more specifically the input costs uh as raw metal prices goes up uh the margins pressure that is impacting some of the staple companies.

[00:47:18]So clearly uh what we like I mean we we we would like to be an equal to underweight on uh FMCG and very selectively stocks like Marico where they have sharply outperformed with a strong uh growth guidance. I think that is where one can look at and largely some of the consumer consumptiondriven companies I think that is where we would like to focus more on in this environment.

[00:47:44]>> Okay got it. What about it? Of course we have seen the kind of meltdown uh earlier also before the results announcement it was the AI risk which was building in all of these counters and right now the street looks pretty much disappointed with how Q4 results have panned out. Uh what's your take here? I mean even after valuations looking cheap. Do you think that this is the segment that you would stay away from?

[00:48:07]>> Definitely. I think what we saw in the Q4 numbers plus the uh outlook I think clearly uh technology the risks of the AI that is clearly being visible and uh the uh that is kind of being impacted in the terms of the uh the deflationary environment because of AI. So I think you have to look at uh uh two three points. A the long-term uh impact that is uh so the Q4 uh as I said results have clearly shown that most of the large cap companies uh is likely to see a declaration in revenues a clear sign that AIled deflation is picking up and it may get worse before it gets better.

[00:48:53]When I say it gets better in the long term is because these companies that are adopting the AI uh for their operational efficiency is going to start showing the results only over a longer period of time. So uh what is happening in the interim a the timing and extent of AI deflation that is very crucial and the timing and scale of AIE revenue opportunities which is mostly in the longer term. Hence what we are seeing is that uh bulk most of the large cap AI companies which have a higher share of legacy businesses would see some deceleration uh in business in margins in the near term and could underperform lot of stocks in in terms of valuation the pricing is already factoring in this downside risk but for the upside to begin I think we'll have to wait and watch at least for we'll have to give one or two more quarters for things to start happening. ing in the interim what is happening is some of the midcap IT tier 2 IT players as especially in the engineering erd space they have started reporting strong numbers and growth. So I would focus more on uh some midcap names as well as some of the erd companies uh in the IT names to look at if at all but mostly we are underweight on it.

[00:50:10]>> Okay underweight on it. All right. You know today we saw polycab reacting quite smartly to its March quarter performance but uh commodity prices like copper aluminium all of these remain quite volatile. How big a risk are raw material swings for the margins in this sector going ahead?

[00:50:28]So um Loia what we have seen is that especially in the wires and cable segment uh because of the higher prices they have been mostly able to pass on the price hikes as they are mostly value added products and what we have also seen is that the the cables and wire segment that has kind of shown strong growth be it polycarap ki r cable all have reported strong numbers and even margins have seen a strong growth and uh the management has Most of them have highlighted that while the Q4 could have seen some disruption due to the geopolitical disruption especially in the March month there is increasing growth demand and some of them are uh in looking at capacity expansion for example KI also getting into some of the other value added products uh and hence what we see is that overall there is a steady growth especially in the larger ones like for example polycab ki both which we like and uh the operating margins are are likely to sustain at current levels as they pass on the price hex. So so demand for some of these uh companies remain strong. They are able to maintain the margins and uh uh growth is pretty steady. So I think uh there is more upside left in companies like Polycap, KI which we like uh and I have a buy recommendation.

[00:51:53]>> Okay. Got it. Got it. So bullish on wires and cables. So that the a lot of uh new age companies have reported their Q4 results. We've seen that Zumato has given out a strong guidance for Q1. PTM swung to profitability. Misho has uh you know narrowed some of its losses. So the question is like now the market earlier questioned whether these companies could ever make money. But Q4 has showed that there is a bit of a not just Q4 but of course in the last couple of quarters we have seen that there is an improving profitability across multiple platforms.

[00:52:22]Do you think this entire new tech new new age tech pack has entered a more mature phase now?

[00:52:29]So yes, I think Lisha this has been the trend in the last actually couple of years. Uh last couple of quarters as you rightly said companies like Eternal the food uh delivery platform had become cash positive sometime back itself while the uh quick service quick delivery uh quick commerce that was something that is still uh showing some signs of improvement. Overall what we seeing that yes uh a lot of these platform companies the entire premise uh was that once uh the business stabilizes uh and they have uh the benefit of platformizing is that slowly and gradually uh they turn profitable and once they do that cash flows are bound to come back. So clearly we have seen that in the case of Eternal now in case of PTM some of the other uh new age companies for example lens card Nika uh you also pointed out on Visho I think they are all uh moving towards the part to profitability much faster than what the street was expecting even company is something that got listed recently. So our view on the digital uh platform companies is very positive. We believe that the future growth exponential growth can be seen in some of these players because there is a case that they are that there's a specific need of the customer that they are able to fulfill until the time they are able to do that monetization of the revenues of of the services will be easy to come by once the client acquisition happens and the platform becomes stable. So companies like Eternal is something that we like. PDM is another one on the fintech side is among our preferred ticks.

[00:54:10]>> Okay. Okay. Got it. All right. You know with that we have to let you go Sedat but uh you know appreciate your time and thank you so much for connecting with us. We are looking forward to more such conversations.

[00:54:20]>> Sure. Thank you.

[00:54:22]>> Thank you.

[00:54:24]All right. Rangebound day and rather choppy session for the markets today. We can see that uh Nifty has held on to that 24300 but yes Sensex has slipped by about 100 points but yes uh you know that's all we have for this edition of closing bell. We'll be getting you more earnings reaction. Tomorrow we have a slew of companies which will be reporting their March quarter performance. For instance we have Bank of Boda, Bank of India, Hyundai Motors, Swiggy, Titan, Tata Consumer all of them which will be reporting the Q4 numbers itself. So yes so we'll be watching out for these companies. We'll also be getting you more updates on the West Asia warfront. So yes, uh not just that, but of course how the crude oil prices and of course the global markets are behaving. But yes, that's all we have for this edition. Until then, do stay tuned to Money Control. For now, I'm signing off.

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