Nifty Today: Check Today’s Projected Range
The Nifty may find immediate support at 21,750 level and resistance at 22,300 level after declining to a severe intraday low of up to 5%, according to Aditya Gaggar, director of Progressive Shares Brokers.
“In the short term, the market’s direction is likely to rely on the development around the tariffs, with any positive news potentially triggering a sharp recovery,” Gaggar said.
Titan Updates Live: What Brokerages Say
Macquarie:
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Retained an ‘outperform’ with a target price of Rs 4,000 apiece, implying a potential upside of 10% from the previous close.
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Ahead of the fourth-quarter results, notes healthy growth in jewellery sales with overall sales coming in above estimates.
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Expects 20% standalone Ebitda growth for the March quarter.
Morgan Stanley:
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Retained an ‘overweight’ with a target price of Rs 3,876 apiece, implying a potential upside of 6% from the previous close.
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Notes strong headline performance in jewellery business but with mixed internal trends.
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Points out single-digit buyer growth due to soft demand at lower price points.
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However, sustained demand at higher price points led to strong double-digit growth in average ticket size.
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Management highlighted early signs of recovery in the solitaire segment, with growth in both value and buyer base.
Citi
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Retained ‘neutral’ with a target price of Rs 3,550 apiece, implying a potential downside of 3% from the previous close.
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Expects strong jewellery revenue growth in the fourth quarter.
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However, sees decline in the share of studded jewellery in the sales mix.
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Flags margin trajectory as a key monitorable going forward.
Nifty Today: What F&O Cues Indicate
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Nifty April Futures down by 2.78% to 22,263 at a premium of 102 points.
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Nifty April futures open interest up by 1.62%.
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Nifty Options April 9 Expiry: Maximum call open interest at 25,400 and maximum put open interest at 20,650.
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Securities in ban period: Birla Soft, Hindustan Copper, Manappuram Finance.
Stock Market News Live: Jefferies On Siemens
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Maintains ‘buy’ call and cuts target price to Rs 3,300 from Rs 7,215
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Capex growth moderating outside power, but still in double digits
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Energy business to see twice the compound annual growth rate earnings per share in FY24-27E versus ex-energy
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Marginally cut EPS by 3-5%, to reflect some potentially lower electrification or smart infra revenues post the Energy demerger
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Current levels still offer upside
Stock Market News Live: Dollar Check
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The US Dollar index is down 0.34% at 102.91.
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Euro was up 0.58% at 1.0975.
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Pound was up 0.50% at 1.2787.
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Yen was down 0.36% at 147.31.
Source: Bloomberg
Stock Market News Live: Morgan Stanley On IndusInd Bank
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Retained an ‘equal-weight’ rating on the stock and lowered target price to Rs 755 apiece from Rs 1,105, implying a potential downside of 4% from the previous close
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Builds in weaker earnings projections over the next few years
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Incorporates a large treasury-related impact into fiscal 2025 earnings per share estimate
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Forecasts book value per share to reduce by 4% for fiscal 2026 and by 5% for fiscal 2027
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Raised cost of equity assumptions, given the uncertainty around management leadership and strategic direction
Stock Market News Update: Poonawalla Fincorp Announces Shopkeeper Loan Business
The company announced the launch of their shopkeeper loan business to address challenges like cash flow, inventory, and customer management faced by small retailers and kirana stores.
Source: Exchange Filing
Stock Market News Update: RattanIndia Enterprises On Revolt Motors Expansion Strategy
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Revolt Motors expands to 200 dealerships, targets 400 by FY26
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Doubles dealership network to 200 from 100 in one year
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International expansion on track, with Nepal launch this year
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Now present in 23 states and union territories across India
Source: Exchange Filing
Stock Market News Live: Godrej Properties Business Update (YoY)
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Quarterly booking process crosses Rs 10,000 crore for the first time
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Booking value grew 7% to Rs 10,163 crore
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FY25 Booking value rose 31% to Rs 29,444 crore
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Achieves 109% of annual guidance for booking value
Source: Exchange Filing
Stock Market News Live: Sobha Business Update (YoY)
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Total sales value at Rs 1,836 crore versus Rs 1,504 crore
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Sales value at Rs 1,370 crore versus Rs 1,274 crore
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Average price realisation at Rs 11,781 per square feet versus Rs 11,230 per square feet
Source: Exchange Filing
Stock Market News Live: Global Check
Asian markets witnessed heightened volatility amid global uncertainties on Tuesday but ended on a positive note. The Topix index grew 6.44%. The Nikkei 225 similarly advanced to 6.16%.
Chinese stocks experienced a sharp downturn on Monday, with Beijing’s retaliatory measures against Washington’s tariffs forcing the market to confront the likelihood of a prolonged trade conflict.
The impact was felt globally, with the S&P 500 initially nearing bear market territory before a dramatic intraday recovery. This reversal marked the index’s largest since the volatile trading conditions of 2020. The S&P 500 and the tech-heavy Nasdaq Composite fell 1.93% and 2.55%, respectively. The Dow Jones Industrial Average slipped 0.91%.
Stock Market Live: GIFT Nifty Rises Over 150 Points
Hello and welcome to NDTV Profit’s live coverage on stock markets.
The GIFT Nifty was trading above 22,650 on Tuesday morning at a marginal gain, indicating a positive open for the benchmark indices.
The futures contract based on the benchmark Nifty 50 was trading 0.74% or 167 points higher at 22,654.50 as of 07:03 a.m.
On Monday, the benchmark equity indices crashed on heightened volatility following Trump’s reciprocal tariffs announcement. The NSE Nifty 50 ended 742.85 points or 3.24% lower at 22,161.60 and the BSE Sensex closed 2,226.79 points or 2.95% down at 73,137.90.
. Read more on Markets by NDTV Profit.On Monday, the benchmark equity indices crashed on heightened volatility following Trump’s reciprocal tariffs announcement. Read MoreMarkets, Business, Notifications
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