Equity99

*Closing Bell:* • Sensex: 73466.39(-45.46) • Nifty 50: 22302.50 • Nifty bank: 48021.10(-264.25) *Nifty top 5 Gainers:* • Heromoto: 4,613.90(+137.15) • BPCL : 620.30(+ 16.00) • Tata Motors: 1,012.10 (+23.55) • Power Grid Corp: 302.00 (+6.75) • Hindalco: 633.50 (+13.30) *Nifty top 5 losers:* • Dr.reddy: 6,056.35 (-201.25) • Asian Paints: 2,843.30 (-69.70 ) • Grasim: 2,377.35 (-43.65) • UltraTechCement: 9,519.40 (-163.00) • SBI Life Insura: 1,426.75 (-23.40)

Hit upper circuit

Hit high 204🚀🚀🚀🚀

Ready to hit 210🚀 tomm

Ready to break 201🚀🚀

BTST PLAYERS STRONG MOMENTUM UNIVASTU INDIA CMP 198 / 202 TEST RESISTANCE 210 SUPPORT SL 188

*Good Morning* *News Headlines from Business News Agencies :* *Business Standard :* 📝 Sebi rejects NSE's proposal to extend trading hours for equity derivatives 📝 Dr Reddy's Q4 results: Net profit rises 36% to Rs 1,307 cr, revenue up 12% 📝 FY25 poised to be the best year for Happiest Minds since IPO: Ashok Soota 📝 Iraq closes gap with Russian oil in FY24 as Moscow's discounts shrink 📝 GreenCell Mobility gets Rs 300 crore credit from SMBC for UP e-bus project 📝 Govt, industry must work together to reduce import dependence: Pharma secy 📝 Japanese steelmaker JFE eyes overseas investments amid slower profit growth 📝 April fuel consumption rises by 6.1% year-on-year: Oil ministry data 📝 BP Q1 results: Net profit slides 40% to $2.7 billion, misses forecasts 📝 IDBI Bank gets Rs 2.97 crore GST demand order from Dehradun officials 📝 Pvt sector investment in FY23 fell to Covid-year levels, govt's share up *Economic Times :* 📝 India's toy exports slip to $152.34 mn in 2023-24; need strategy to push it: GTRI report 📝 AMPIN Energy Transition secures $35 million funding 📝 Drone-based agritech startup BharatRohan raises $2 million in pre-IPO round 📝 Muthoot Microfin looking to raise $50 million in ECB 📝 Okaya EV MD Anshul Gupta reveals company's future strategy, says not in a price war with Ola 📝 Log analytics firm Parseable raises $2.75 million from Peak XV's Surge 📝 China’s economic forays in Central Asia gives rise to discomfiture in Moscow 📝 Namdev Finvest's assets under management cross Rs 1,200 cr-mark in FY24 📝 Plant-based specialty product maker Sanstar gets Sebi nod for an IPO 📝 Waaree Energies appoints Amit Paithankar as CEO 📝 ICRA predicts moderate credit flow in FY25, bond issuance likely to rise to Rs 10.6 lakh crore *Mint :* 📝 FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ 📝 Hinduja's IIHL proposes changes to corporate structure in RCap takeover 📝 Disney pares streaming losses, takes hit from India deal 📝 Sonata Software Q4 result: Revenue down 12.1% at ₹2,191.6 crore 📝 Indegene IPO sails through smoothly on Day 2; oversubscribed at 7.35x 📝 Jaiprakash Associates defaults on ₹4,616 crore loan amid restructuring efforts 📝 JSW to launch 60,000-tonne lithium-ion cell project with Chinese tech partner 📝 Godrej Properties places building blocks for FY25, but may stumble 📝 India's IIFL Finance facing liquidity crunch after gold loan business curbs 📝 Latent View Q4 result: PAT up 32.2% at ₹ 45.2 crore 📝 Dixon Electro signs agreement with Nokia for development & manufacturing of telecom products

Morning Alert.. *FMCG companies move fast on volume growth while rural beats urban* Volume growth seems to be the latest mantra in the fast-moving consumer goods (FMCG) sector. This coincides with rural outpacing urban consumption in volume terms for the first time in five quarters, according to the NielsenIQ January-March data. While focussed on volume, FMCG companies are also looking at increasing advertising spends in order to grow their brands. Consumer goods major Hindustan Unilever (HUL) told its investors post its earnings call recently that its focus remains on driving competitive volume-led growth across its businesses. “We want to continue driving gross margin improvement. Even in this quarter, when we delivered a 23.4 per cent EBITDA (earnings before interest, tax, depreciation and amor­tisation), you saw a very strong 350 bps gross margin improvement. A large part of that got invested into advertising & promotion spends (A&P),” Ritesh Tiwari, chief financial officer at HUL, said. *In FY23, investments in mining, construction and manufacturing fell* Gross capital formation (GCF) — or investment — in manufacturing, construction, and mining sectors contracted in FY23 primarily due to a fall in export demand and low private consumption during the year, an industrywise analysis of the National Accounts Statistics 2024 data showed. The Ministry of Statistics and Programme Implementation (MoSPI) had released the data on Monday. The fall in GCF in the three sectors comes at a time when overall GCF in the economy grew by 6.9 per cent to Rs 55.3 trillion at constant prices in the financial year ended March 31, 2023 (FY23). GCF is a broad measure of investment in an economy and represents total value of physical assets including fixed assets, inventories and valuables. On the other hand, gross fixed capital formation (GFCF) is a narrow measure of investment in the economy and excludes inventories, or acquisitions of valuables. Real manufacturing GFC that contracted 5.4 per cent to Rs 9.4 trillion could be attributed to “subdued manufacturing growth” during the year as capacity utilisation was low and firms had less incentive to invest, said economists. * Global market action* Dow Jones – Down by 0.12% or 45.81 points FTSE – Up by 1.22% or 100.18 points CAC – Up by 0.99% or 79.04 points DAX – Up by 1.40% or 254.84 points Gift Nifty – Up by 0.01% or 2.50 points *FII/DII activities* FII – Sold 3668.84Cr worth of shares DII – Bought 2304.50Cr worth of shares. *Stocks with high delivery Percentage* KPR Mills – 93.4% ESAB India – 92% SKP India – 90% Timken India – 89.9% RHI Magnesite India – 89.2% *Primary market activities* TBO Tek Ltd (Main board) – Issue size 1550.81Cr Aadhar Housing Finance Ltd (Main board) – Issue size 3000Cr TGIF Agribusiness Ltd (BSE SME) – Issue size 6.39Cr Listing today Storage Technologies and Automation Ltd (BSE SME) – Subscribed 278.82x Amkay Products Ltd (BSE SME) – Subscribed 748.03x Sai Swami Metals & Alloys Ltd (BSE SME) – Subscribed 543.72x *Commodities updates* Gold – Rs 73665/10gm, Silver – Rs 82831/kg, Brcrude – Rs 6576/barrel, Copper – Rs 864.05/kg. *Corporate News* Paytm's UPI transactions fall for 3rd straight mth, market share contracts. Axis Bank to bring in expats in latest move to woo global companies. FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota.

*Closing Bell:* • Sensex: 73511.85(-383.69) • Nifty 50: 22302.50( -140.20) • Nifty bank: 48285.35 (-609.95) *Nifty top 5 Gainers:* • HUL: 2,379.40 (+123.20) • Tech Mahindra: 1,292.45 (+30.20) • Britannia: 5,173.85 (+112.25) • Nestle: 2,508.65 (+51.25) • TCS: 3,978.95 (+57.90) *Nifty top 5 losers:* • Bajaj auto: 8,677.90 (-374.65) • Power Grid Corp: 295.25 (-11.60 ) •ONGC: 273.60 (-8.55) • IndusInd Bank: 1,452.55 (-44.95 ) • Hindalco: 620.20 (-18.60)