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Market outlook:
👉 Donald Trump claims the US controls the Strait of Hormuz, with oil transit reportedly exceeding pre-war levels. He also blames Democrats for the market’s sharp post-election fall, promising the U.S will emerge “bigger and stronger than before.”
👉 Donald Trump stated that the administration is reviewing laws concerning Russian diesel tankers.
👉Iran submits a new nuclear proposal to the US via Qatar, which Washington is currently reviewing alongside media reports of concrete proposals.
👉Dow Jones fell over 1,800 points on Thursday, giving up the entire 1,500 point rally it had just the day prior after the midterm election results.- Fears about a clampdown on the AI expansion and data center buildout after democrats take charge of the House and Senate from January next year
👉 Technically: Resistance: 22440/24580 Support: 23800/24000
👀 Stocks to Watch
Quarterly Results 👍 Oil and Natural Gas Corporation (ONGC) – Profit surges 57.3% to ₹15,488.6 crore; revenue grows 32.8% to ₹43,875.2 crore. Strong growth in both profitability and revenue. 👍 Bharti Airtel – Profit increases 30.9% to ₹8,887.5 crore; revenue jumps 16.7% to ₹60,877.5 crore. Healthy performance with profit growth ahead of revenue. 🤙 Titan Company – Profit more than doubles, rising 113.7% to ₹2,393 crore, while revenue grows 10% to ₹20,614 crore. Strong headline profit growth; worth tracking the factors driving the sharp increase. 👍 Britannia Industries – Profit rises 10.2% to ₹721 crore; revenue increases 15.6% to ₹5,597.8 crore. Healthy revenue growth, although profit growth is relatively moderate. 👎 Godfrey Phillips India – Profit declines 37.7% to ₹189.9 crore despite revenue growth of 4.1% to ₹1,342.2 crore. Significant pressure on profitability. 👎 Glenmark Pharma – Profit plunges 56.8% to ₹263.8 crore; revenue declines 29.8% to ₹4,247.3 crore. Weak performance with a sharp contraction in both revenue and profit. 👍 NCC – Profit grows 19.1% to ₹184.3 crore; revenue increases 32.4% to ₹6,014.7 crore. Strong topline growth, though profit growth is slower than revenue growth.
Other Stocks to Watch 👍 KNR Constructions – Receives a Letter of Acceptance from HMDA for an elevated corridor project connecting ICCC, Banjara Hills, to Shilpa Layout Flyover Road in Hyderabad. Project value stands at ₹1,396.54 crore, with a 24-month construction period. Significant order win. 👍 Ashoka Buildcon – Declared the L1 bidder by NHAI for the balance work on the Vadodara–Mumbai Expressway (Karvad–Jujuwa section) in Gujarat. The EPC project is valued at ₹865.90 crore. Positive order pipeline, subject to final award.
Bulk Deals 👎 Forbes & Company – Elysian Wealth Fund sells 3.14 lakh shares, representing 2.4% stake, for ₹8.47 crore at ₹270.04 per share. Resonance Opportunities Fund also sells the same number of shares worth approximately ₹8.48 crore. Notable selling pressure from two investors. 🤙 Anantam Highways Trust – Edelweiss Broking acquires 22.5 lakh units, representing 1.03% stake, for ₹22.5 crore at ₹100 per unit. WhiteOak Capital Multi Asset Allocation Fund sells 11.83 lakh units for approximately ₹11.8 crore. Mixed institutional activity.
