Stock Market Live Updates 14 November 2024: Sensex, Nifty eye slight rebound after correction; Fed rate cut bets rise

Swiggy’s listing on the Indian stock market has stirred up notable excitement, but early trading volatility reveals investor caution. While there’s optimism about Swiggy’s potential to capture further market share in India’s Android evolving food delivery and quick commerce segments, the road to profitability may be bumpy. Swiggy has shown impressive growth potential, yet persistent losses over recent fiscal years signal challenges ahead. Investors may need to brace for a dynamic journey as the company seeks to balance expansion with sustainable financial performance.

Central government and aggregate state government capex (20 major states) contracted by 15.4% and 10.5% (YoY) respectively in H1 FY25 impacted by the election-related restrictions in Q1. 

In H1 FY25, Centre and states have achieved only 37% and 28% of the full-year budgeted capex target. 

On the corporate capex front, the aggregate capex of 1,074 non-financial listed companies was seen at Rs 9.4 trillion in FY24, marginally lower than the previous year.

Top 5 sectors of private capex in FY24: oil & petrochemicals (21% share), power (12.8%), telecom (12.8%), automobile and ancillaries (7.4%) and iron and steel (7.1%). 

Order books of a sample of capital goods companies increased by 10.3% in H1 FY25 compared to end FY24, reflective of healthy order book momentum. 

Order books of a sample of infrastructure companies (particularly involved in road development) saw substantial new orders with a 20.5% growth in H1 FY25 compared to end of FY24.

Capex in power generation sector (listed & unlisted companies) is projected to grow at 13% CAGR between FY25 to FY28. 

Deleveraged corporate balance sheets and optimistic order book scenario (of capital goods & infra sector) bode well for the pick-up in capex going forward. 

However, challenges persistent in the form of weak domestic demand, geopolitical uncertainties, and external challenges

-- Emkay Global Research 

H1FY25’s fiscal situation of both Centre and states has not been too concerning vs their budgeted path, with the Centre poised to possibly, even mildly, overachieve vs FY25BE. However, fiscal comfort in H1 has come more from curtailed federal spending with Centre/states only achieving 46%/41% of their revex and 37%/28% of their capex targets. This has impacted 1H GDP growth owing to lower fiscal impulse vs last year, implying much higher govt spending (~21% YoY) in 2H, if they intend to match FY25BE spending. General government capex and revex is likely to see ~43% and ~18% growth vs -12% and 7%, respectively, in 1H. However, populism-led spending in states, and limited levers to mobilize revenues will make a case for mild fiscal slippage, with capex being a casualty, where we see states achieving a mere 75-80% of their budgeted capex vs 90% FY24P. We expect C+S capex to fall to 4.9% vs 5.4% FY25BE and 5.1% FY24P, even as the Centre may largely achieve its budgeted capex (ex-capex loans). Despite the expected federal spending ramp-up in H2, FY25E GDP growth is maintained at 6.5% due to multiple headwinds.

Indicative Offer Price - Rs 565 - 1.5% discount to CMP

Base Size - Rs 5500 cr 

Greenshoe Option - Rs 2000 cr 

Equity Dilution - 4.1% 

Funding Reason: Varun Beverages acquires PepsiCo’s bottler in Tanzania and Ghana, expanding its footprint in Africa, and also acquires the remaining stake in Lunarmech Technologies.

Buzzing stocks: Tata Power, India Glycols, Hero MotoCorp, BDL, Firstcry, Mamaearth, MTNL, HAL, Nazara Tech, Sobha, Glenmark Pharma, GVK Power, Medi Assist, Grasim, PNB Housing Fin, Samhi Hotels, Inox Green Energy, Varun Beverages, Piccadilly Agro, 

FIIS F & O : RS. CRS. : 

TOTAL NET BUY : +36966 

INDEX FUT. : -1886 

INDEX OPT. : +37331

STOCK FUT. : +2455

STOCK OPT. : -934

BSE SENSEX : -984 (77,691)🔽 

NSE NIFTY : -324 (23,559)🔽

BSE MIDCAP. : -1160 (44,108)🔽

BSE SMLCAP. : -1651 (51,953)🔽

*B. CRUDE : $ 70.98 🔽

GOLD:$ 2,600=INR 76,510 (10gr)↔️

SILVER : RS. 89,000 (kg)🔽

*FOREX : RS. $ 84.38 🔼 

*6.79% NEW ‘34: 6.8031%(99.8975)🔼

*7.10% GOI ‘34: 6.8374% (101.79)🔼

*7.23% GOI ‘39: 6.8823% (103.14)🔼

GODAVARIB, VALECHAENG, WAAREEENER

DBEIL 

HDIL

AHLUCONT, BAJEL, BALAMINES, BANARISUG, BDL, BBTC, BHARATFORG, BLUECLOUDS, CAPACITE, CROMPTON, DBREALTY, DELHIVERY, EASEMYTRIP, EIDPARRY, EKC, FIRSTCRY, FMGOETZE, GARFIBRES, GLENMARK, GRASIM, GREENPOWER, GRWRHITECH, GUFICBIO, HAL, HEROMOTOCO, HGS, HINDOILEXP, HMT, HONASA, HONDAPOWER, HUBTOWN, IGARASHI, IOLCP, IPCALAB, ITI, JAMNAAUTO, JINDALPOLY, JTEKTINDIA, JYOTICNC, KESAR, KIRLOSIND, LEMONTREE, LSIND, MANGLMCEM, MEDANTA, MEDIASSIST, MTNL, MUTHOOTFIN, NAVA, NSIL, OMAXE, PFOCUS, PRAKASH, PTCIL, RAJESHEXPO, RAMASTEEL, RATNAMANI, RELINFRA, RIR, SANGHVIMOV, SANSTAR, SARDAEN, SCHNEIDER, SDBL, SEIL, SHK, SINDHUTRAD, SOBHA, SURAJEST, SURYAROSNI, SWANENERGY, TASTYBITE, TECHNOE, TECHNVISN, TEGA, VADILALIND

BDL 

* Revenue expected at Rs 704 crore versus Rs 615 crore

* EBITDA expected to be seen at Rs 158 crore versus Rs 134 crore

* EBITDA margin expected to be seen at 22.44% versus 21.76%

* Net profit expected to be seen at Rs 164 crore versus Rs 147 crore

BHARATFORG 

* Revenue expected at Rs 4070 crore versus Rs 3774 crore

* EBITDA expected to be seen at Rs 736 crore versus Rs 621 crore

* EBITDA margin expected to be seen at 18.08% versus 16.47%

* Net profit expected to be seen at Rs 313 crore versus Rs 229 crore

GLENMARK 

* Revenue expected at Rs 3426 crore versus Rs 3207 crore

* EBITDA expected to be seen at Rs 635 crore versus Rs 462 crore

* EBITDA margin expected to be seen at 18.53% versus 14.41%

* Net profit expected to be seen at Rs 348 crore versus Rs 124 crore

GRASIM 

* Revenue expected at Rs 7493 crore versus Rs 6442 crore

* EBITDA expected to be seen at Rs 431 crore versus Rs 593 crore

* EBITDA margin expected to be seen at 5.75% versus 9.21%

* Net profit expected to be seen at Rs 888 crore versus Rs 794 crore

HAL 

* Revenue expected at Rs 6300 crore versus Rs 5635 crore

* EBITDA expected to be seen at Rs 1674 crore versus Rs 1847 crore

* EBITDA margin expected to be seen at 26.57% versus 32.78%

* Net profit expected to be seen at Rs 1405 crore versus Rs 1236 crore

HEROMOTOCO 

* Revenue expected at Rs 10232 crore versus Rs 9445 crore

* EBITDA expected to be seen at Rs 1490 crore versus Rs 1328 crore

* EBITDA margin expected to be seen at 14.56% versus 14.06%

* Net profit expected to be seen at Rs 1142 crore versus Rs 1053 crore

IPCALAB 

* Revenue expected at Rs 2340 crore versus Rs 2034 crore

* EBITDA expected to be seen at Rs 480 crore versus Rs 321 crore

* EBITDA margin expected to be seen at 20.51% versus 15.78%

* Net profit expected to be seen at Rs 266 crore versus Rs 145 crore

LEMONTREE 

* Revenue expected at Rs 276 crore versus Rs 227 crore

* EBITDA expected to be seen at Rs 124 crore versus Rs 104 crore

* EBITDA margin expected to be seen at 44.93% versus 46.12%

* Net profit expected to be seen at Rs 27 crore versus Rs 22 crore

MUTHOOTFIN 

* NII expected at Rs 2440 crore versus Rs 3015 crore

* EBITDA expected to be seen at Rs 1807 crore versus Rs 1328 crore

* EBITDA margin expected to be seen at 73.63% versus 71.48%

* Net profit expected to be seen at Rs 1268 crore versus Rs 991 crore

SOBHA 

* Revenue expected at Rs 929 crore versus Rs 741 crore

* EBITDA expected to be seen at Rs 111 crore versus Rs 75 crore

* EBITDA margin expected to be seen at 11.94% versus 10.18%

* Net profit expected to be seen at Rs 46 crore versus Rs 14 crore

* Nifty Media: -25% 

* Nifty Oil & Gas: -20% 

* Nifty Realty: -18% 

* Nifty Psu Bank: -18% 

* Nifty Auto: -18% 

* Nifty Fmcg: -15% 

* Nifty Metal: -14% 

* Nifty Consumer Durables: -13% 

* Nifty Private Bank: -9%

1- Energy : Reliance Industries (-21%)

2- Retail : Avenue Supermarts(-35)

3- Cement : UltraTech(-11%)

4- Restaurant : Jubilant Food(-32)

5- Footwear : Metro Brands(-19)

6- Textiles : K.P.R. Mill(-15%)

7- Paints : Asian Paints(-31%)

8- Alcohol : United Spirits(-13%)

9- Credit Card : SBI Cards(-17%)

10- Beverage : Tata Consumer(-24%)

11- Hospitals : Apollo Hospitals(-9%)

12- Housing Finance : Bajaj Housing (-31%)

13- Telecom : Bharti Airtel(-13%)

14- NBFC : Bajaj Finance(-20%)

15- Diagnostic : Dr. Lal PathLabs (-19%)

16- IT Services : TCS (-10%)

17- Bank : HDFC Bank (-5%)

18- FMCG : Hindustan Unilever Ltd (-19%)

19- Job search : Info Edge (-10%)

20- Hotels : Indian Hotels (-4%)

21- PSU : SBI (-11%)

22- Electric Vehicle : Tata Motors (-33%)

23- Gold Loan : Muthoot (-14%)

24- Infra : LT (-9%)

25- Luggage : V.I.P. Industries (-40%)

26- Paper : JK Paper (-36%)

27- Mutual Funds : HDFC AMC (-12%)

28- Industrial Chemical : Gujarat Fluorochem (-18%)

29- Plastic Products : Supreme (-30%)

30- Beauty : FSN E-Com (Nykaa) (-24%)

31- Wedding wear : Vedant Fashions (-12%)

32- Steel : JSW Steel (-12%)

33- Power Producer : NTPC (-14%)

33- Renewable : Adani Green (-28%)

35- Industrial Product : Siemens (-18%)

36- Auto Ancillary : Bosch (-15%)

37- Chemicals : SRF (-23%)

38- Internet biz : Zomato (-13%)

39- 4 Wheeler : Maruti Suzuki (-19%)

40- Pharma : Sun Pharma(-9%)

41- Luxury Goods : Titan (-18%)

42- Aerospace & Defense : HAL (-28%)

43- Motorcycle : Eicher Motors (-11%)

44- API & Life Sciences : Divi’s Labs (-8%)

45- Airlines : InterGlobe (-23%)

46- Agro Chemicals : UPL (18%)

47- Logistics : Delhivery (-32%)

Rs. CRS. : 

FIIS : SELL -2,502 (15,178-17,680)

DIIS : BUY +6,145 (14,095-7,950)

Nifty Spot: 23514, Down 369 points 

Bank Nifty Spot: 49944, Down 1213 points

CENTURY PLYBOARDS (I): Q2 EBITDA 1.1B RUPEES VS 1.4B (YOY) || Q2 EBITDA MARGIN 9.41% VS 14.47% (YOY) (NUMBERS SEEN LOWER THAN ESTIMATES)

UNICHEM LAB: Q2 EBITDA 580M RUPEES VS 87M (YOY) || Q2 EBITDA MARGIN 12.55% VS 2.11% (YOY) (SUPPORTIVE FOR STOCK PRICES) 

DCW: Q2 SL NET LOSS 12M RUPEES VS PROFIT 27M (YOY) (NUMBERS SEEN TRAILED YOY) 

KAVERI SEED CO: Q2 CONS NET LOSS 7M RUPEES VS PROFIT 137M (YOY) (NUMBERS SEEN TRAILED YOY)

1. AARTIIND 

2. ABFRL 

3. GNFC 

4. GRANULES 

5. HINDCOPPER

Walt Disney Company (Pre market) (Sector- Media)

Brookfield Corporation (Pre market) (Sector- Financial)

JD. com, Inc. (Pre market) (Sector- Retail)

Mizuho Financial Group, Inc. (Pre market) (Sector- Financial)

NetEase, Inc. (Pre market) (Sector- Technology)

NICE Ltd (Pre market) (Sector- Technology)

Talen Energy Corporation (Pre market) (Sector- Power)

Applied Materials, Inc. (Post market) (Sector- Technology)

Major U.S. listed stocks result calendar 15.11.2024

Alibaba Group Holding Limited (Pre market) (Sector- Technology)

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Here’s an interesting stock idea: The stock that we have today is Marico. The trend has been bearish since early October. The stock has been declining this week and the chart indicates that the downtrend can extend further.Go short at ₹600. Place initial stop-loss at ₹610. Stop-loss revision is given at the end.Exit the trade at ₹575.

Check out the latest episode of bl.Today’s Pick to learn more.

India Market @ Holiday

07.30 CHINA Industrial Production y/y (Expected: 5.5% versus Previous: 5.4%)

07.30 CHINA Retail Sales y/y (Expected: 3.8% versus Previous: 3.2%)

12.30 U.K. GDP m/m (Expected: 0.2% versus Previous: 0.2%)

19.00 U.S. Retail Sales m/m (Expected: 0.3% versus Previous: 0.4%)

19.45 U.S. Industrial Production m/m (Expected: -0.3% versus Previous: -0.3%)

12.00 INDIA WPI Inflation y/y (Expected: 2.20% versus Previous: 1.84%)

15.30 EURO Industrial Production m/m (Expected: -1.3% versus Previous: 1.8%)

15.30 EURO Flash GDP q/q (Expected: 0.4% versus Previous: 0.4%)

17.30 U.S. FOMC Member Kugler Speaks

19.00 U.S. PPI m/m (Expected: 0.2% versus Previous: 0.0%)

19.00 U.S. Unemployment Claims (Expected: 224k versus Previous: 221k)

19.30 U.S. FOMC Member Barkin Speaks

01.30 U.S. Fed Chair Powell Speaks