D-Street Likely To Open On A Cautious Note Today Amid Mixed Global Cues, Indicates GIFT Nifty

[00:00:00]All right, let's get you a check on what's happening in the Asian markets.

[00:00:04]Taiwan and Hong Kong are only getting underway, but the mix sort of has the start sort of has been mixed. As you can see, Taiwan is up about one over almost one and a half% now, whereas Hang softer down half a percent. Uh what's happening in Cosby because that's where all the action has been. This week sort of marks the recovery of the Cosby index because the last two weeks were pretty brutal and now rightly so. on the second day of recovery after what we saw yesterday.

[00:00:30]Today, Cosby also up about 5 1/2%. Nikke also up about 2%. All thanks to the global handover that we've been getting.

[00:00:38]Wall Street snapped a 3-day losing streak overnight. Chip stocks of course led that rebound. AMD, Micron, uh all these stocks including Intel closed higher. Now, the key earnings to watch out for will be on the Wall Street and that would sort of decide what happens next with the chip stocks. Alphabet and Tesla will report their earnings after the US market. Uh but let's get you a setup of what's happening back here at home. GIF Nifty is indicating a mixed start to the day. So let's look at Nifty implied open pretty much in the red 70 points down. Hormas, what's your take on today's Nifty implied open?

[00:01:12]>> Continuing to grind lower. We've been going nowhere over the last two days, right? And uh that's what the implied open is also suggesting. So most likely we still open above the mark of 24,000.

[00:01:20]Yes, but be interesting to see because there is a lot to track in terms of sectors, in terms of stocks and with the chip stocks getting back in vogue, it'll be interesting to see how Indian IT reacts because Indian IT was the one that was a prime beneficiary of the sell-off that you saw in a lot of uh these momentum chip names across the globe. But our research team is also here to set you up for today's trading session and Vive is now here to tell you all the market cues that you need to watch out for. Vive, good morning to you.

[00:01:47]>> Well, good morning. Absolutely. Now, so what we actually seeing is very mixed cues coming in as far as the overnight markets are concerned. US markets managed to snap a three-day losing streak. All of the US markets ended with gains. On the other hand, oil prices continue to remain a bit of a concern.

[00:02:01]You saw a further spike of 2% yesterday.

[00:02:03]So Brent now hovering above the $91 a barrel mark. In terms of the Asian markets, like you mentioned, mixed start. Gift Nifty indicating a gap down start for our own markets. In terms of yesterday's trading session, you know, yesterday was a session which belonged to the broad end of the market. So you actually saw the midcap and small cap indices broadly outperforming the benchmark indices. The nifty auto clearly stood out with two strong results coming in both from Bajage auto as well as DVS motors. NBC's was the other set of stocks that did very well.

[00:02:30]Sriam Finance stood out over there. In terms of what is it that we are going into watch as far as today's trading session are concerned you cannot look past all of the farmer stocks especially you Indian farmer companies that have significant presence in the US market especially in the generic space. The whole host of these talks could be under quite a bit of pressure today on account of the Trump truth social post where he said that two years later you could see almost 100% tariffs coming in as far as generics are concerned. In terms of results reactions expect you know results reactions coming in for Indian hotels JW infra bandan bank signm whole host of results today lot of important ones coming about internal Dr. Ready Nest day BPCL HPCL JW energy all of these companies will be reporting their results today.

[00:03:15]Vic, thank you for those updates there.

[00:03:17]Indeed, it promises it's a it's a very very resthe day uh in today's trading session. A lot of nifty names, broader market names uh compared to uh what will be announced over the course of the day.

[00:03:28]Over to Ria now who list out the stocks that should be on your radar today. Ria, morning.

[00:03:31]>> Well, good morning. Let's start off with the pharma companies first that will be in focus on the back of negative news flow. However, as Trump is said to impose 100% tariffs after 2 years on generics and 200% tariffs thereafter and we will of course bring you more details on that. But moving on to the quarter 1 earnings, we have IHCL in focus. Uh we have seen a good performance this time around. The company has beaten estimates on all fronts. The revenue has gone up by nearly 15% with the net profit also going up by nearly 19% for the company.

[00:03:58]The hotel performance has also remained strong for the company wherein the air catering segment has seen some softening. For GSW Infra, the results have been largely in line with consensus this time around with the revenue seeing an increase of around 18% and EPIDA also going up by nearly 16% compared to the previous year. For Sgility, the net profit has seen an increase of around 46% to 217 crores this time around with the revenue also seeing a healthy increase of nearly 28%. For Bundan Bank, the net interest income has gone up by nearly 6% this time around at 2,9621 crores. for AAS financial as well. Net interest income seeing an increase of nearly 17% compared to the previous year. Scan DLM has also reported it strongest ever quarter one performance this time around with revenue growth of 35% well above the estimates that the street was working with. And lastly, Anand Raj will also be in focus as the company will be demerging its data center business to attract more investors and strategic partners and this will be creating two independent listed companies with a 1 is to1 share issuance ratio. Ria, thank you for those updates there. And lastly, Sudaran joins in with cues from the FNO space. Daran, good morning. Well, we continuing to move downwards, but what's the FNO data indicating today?

[00:05:11]>> Good morning, Hamas. So, in the cricketing term, we've heard the word or term nervous 90s. Now, the biggest indicator for us is crude. Can it face the pressure of nervous 90s or move above the level of 100? That will be tracked very closely over the next few days. And if we go by the statements that we are getting from US president, it's very unlikely that crude is going to slip below the level of 90. Let's wait and watch. Now talking about the FNO action, what exactly we have seen yesterday is the major call writing above the level of 24,200.

[00:05:43]Not only call writing on put writing also we have seen around this level. So we'll have to see if Nifty manages to hold on to the levels above 24,000 because the first support would be around 24,100. If we fail to hold that next support comes around 23,950 odd. Now talking about gift nifty it's indicating a again down downtick start currently down almost 70 points. If you talk about FI's action they have been sellers all around in the index futures in the stock futures they have added short positions reduced long positions and now reduction in the short position was the highest that we have seen in the last several days and that's more than 7,400 contracts longs exposure has reduced to 9%. Now aggressive call lighting is indicating in the put call ratio too it's down to one versus 1.14.

[00:06:31]Now coming to the options data on the put side as I told you 24,200 was the most active where we have seen a change in the open in test of almost 50 lakh shares and the next active put option was 23,600. If you talk about the call options 24,200 and 24,600 were the most active ones. So nifty level first support 24,100 resistance first residence 24,300 next residence comes around 24,500 one stock remains the band that is K technology keep an eye on Banhard Bank it has come out with earnings earnings are looking mixed we'll have to see because stock has run up in the last few weeks TVs motor has seen short covering earnings were very strong even comment for FY27 outlook is looking good we'll have to see and two major contributor I would say biggest contributors SDFC bank and Reliance Industries have been dragging Nifty and yesterday also they have seen long unwinding.

[00:07:21]>> All right, thank you so much Sudashan for that update.

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