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May 13, 2025
- Daily Morning Report
- Date: 13.05.2025
- NIFTY OUTLOOK: 24924.70 FII: Rs. 1246.48 cr DII: Rs. 1448.37 cr
- As discussed yesterday, market behaviour followed the expected path as Nifty strongly negated the prior bearish sentiment and rallied up to 24945.
- Nifty opened with a gap-up, crossed the key resistance at 24365, the recent high of 24589, and the previous swing high of 24857, forming a strong bullish candlestick on the daily chart. This suggests continuation of the rally, with potential to move towards 25110–25157 and possibly 25295, if 25017 is decisively crossed.
- On the downside, 24833–24740 may act as immediate support. A breakdown below these levels could drag Nifty to 24647–24553.
- Bank Nifty OUTLOOK
- SPOT: 55382.85 PCR: 0.87 Max CE OI: 63000 Max PE OI: 54000
- On 13th May 2025, Bank Nifty closed at 55382.85, up 3.34% from the previous day. The index moved 908.25 points intraday, with a high of 55466.30 and a low of 54558.05.
- The previous day’s high of 55466.30 and low of 54558.05 may act as resistance and support, respectively, for today’s trading.
- Technical View on Daily Chart
- Key technical levels for Bank Nifty are 55800 as resistance and 54700 as support. A breakout above 55800 may push the index towards 56350, while a breach below 54700 could take it down to 54100.
- The Relative Strength Index (RSI) for Bank Nifty stands at 62.6; levels below 30 are considered oversold, and above 70 overbought.
- Bank Nifty Day SMA Analysis
- Bank Nifty is trading above all 8 key SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
- It is trading below none of the SMAs.
- A bullish candlestick pattern was identified in Bank Nifty.
- • Morning Star
- • Long Line uptrend
- Macros
- 1. Dollar index @ 101.50
- 2. Vix @ 18.39
- 3. Crude @ 64.68
- 4. U.S. 10 year’s bond yield @ 4.455
- Note:
- Most Asian and U.S. stocks rose on Tuesday as investors welcomed a sharp de-escalation in the U.S.-China trade war. However, Chinese markets lagged slightly due to profit booking and speculation over a delay in further local stimulus. Markets remain cautious ahead of key U.S. inflation data due later in the day.
- U.S. and Chinese officials announced on Monday that Washington will reduce tariffs on China to 30% from 145%, while Beijing will lower tariffs on the U.S. to 10% from 125%. This significant easing of trade tensions between the two largest economies has raised hopes for broader trade agreements with other major countries.
- Conclusion:
- Most of the negative news appears to be behind us, and a market bottom seems to have formed. Any meaningful profit booking around the 24600–24700 zone should be seen as a buying opportunity. After prolonged underperformance, mid-caps and small-caps are expected to outperform going forward.
- Contributed by
- Ashok bhandari : INH000019549
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- BEAT THE STREET BULLETIN
- Date: 13-May-2025
- Telegram: \[t.me/beatthestreet10]
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- NEW PROJECTS / ORDER WIN
- C2C ADVANCED: Secures AI-driven smart housing & cybersecurity projects in UAE worth ₹40.6 Cr, enhancing MAGI-CIX platform.
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- Q4 RESULTS
- TATA STEEL: Q4 net profit soars 113% YoY to ₹1300 Cr; revenue and EBITDA flat YoY but up 11% QoQ.
- KIMS: Q4 net profit up 55% YoY at ₹102 Cr; revenue and EBITDA grow 26% and 25% YoY respectively.
- KRSNAA DIAGNOSTICS: Q4 net profit rises 10% YoY to ₹20.6 Cr; revenue and EBITDA up 12% and 21% YoY respectively.
- CHALET HOTELS: Q4 net profit jumps 50% YoY to ₹123.84 Cr; strong 25% revenue growth and 46.25% margin.
- KEWAL KIRAN: Q4 net profit drops 23% YoY to ₹29.13 Cr despite 31% revenue surge; margins soften slightly.
- JM FINANCIAL: Q4 posts flat ₹209 Cr profit QoQ, swings from ₹118 Cr YoY loss; revenue down 20% YoY.
- VENTIVE HOSPITALITY: Q4 profit skyrockets 171% YoY to ₹127.8 Cr on 462% revenue growth and 50% margins.
- THOMAS COOK: Q4 profit up 14% YoY at ₹64.5 Cr; revenue rises 18% YoY but dips QoQ.
- * *SIYARAM SILK**: Q4 profit edges up 4% YoY to ₹72 Cr on 14% revenue growth and strong QoQ momentum.
- CARE RATINGS: Q4 profit rises 77% YoY to ₹42.6 Cr with 22% revenue growth and margin expansion to 43.2%.
- RAYMOND LTD: Q4 profit down 42% YoY to ₹132 Cr despite 110% revenue surge; margins at 9.9%.
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- FUND INFUSION / CAPITAL ALLOCATION
- TATA STEEL: Approves fund infusion of up to \$2.5B in its foreign subsidiary TSHP during FY25-26.
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- PRODUCT LAUNCH
- TRIDENT LIFELINE’S SUBSIDIARY: Launches new domestic skincare brand “YES – Your Everyday Skincare” on May 12.
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- DEMERGER / CORPORATE ACTIONS
- ADITYA BIRLA FASHION: Sets May 22 as record date to allot ABLBL shares 1:1 post demerger.
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- FII/DII STAKE CHANGES / BULK DEALS
- TANLA PLATFORMS: Sees promoter buy 18.62L shares; two U.S. funds sell \~18.6L shares at ₹470.15/share.
- SUNDARAM CLAYTON: Sees promoter sell and TATA MUTUAL FUND buy 6.2L shares each at ₹1990/share.
- NORTHERN ARC CAPITAL: Sees 360 ONE sell 35.47L shares; MORGAN STANLEY buys 8.8L shares around ₹194.
- GP ECO SOLUTIONS: Sees CCV FUND-I offload 0.7L shares (1.6% stake) at ₹377.94/share.
- GENSOL ENGINEERING: Sees NOVA FUND sell 3L shares (0.78% stake) at ₹53.95/share.
- MOTILAL OSWAL FINANCIAL: Sees MORGAN STANLEY sell and CITIGROUP buy 2.03L shares each at ₹679.5/share.
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