Tale of the Tape 

Good evening everyone. Markets were back in the red!

Nifty and Sensex closed down -1.2% each, as investors booked profits ahead of the Fed’s rate cut decision. Midcaps (-0.4%) and Smallcaps (-0.8%) also had a bad day. The advance-decline ratio was in favour of the bears (4:1).

It was a wave of red across sectors. Metals (-2.7%), Pharma (-1.7%) and Energy (-1.5%) stocks saw the most selling.

Trump’s victory could see BIG upsides for these two sectors. Read our top story to find out more.

Niva Bupa Health Insurance IPO kicked off today. Check out our analysis below to help you decide whether to subscribe.

Trent, Mahindra & Mahindra and Apollo Hospitals saw big moves today. Look at their charts below to find out why.

Hindalco (-8%) was the top Nifty loser after its US unit Novellis reported bad Q2 results and scrapped its EBITDA guidance.

BSE, Voltas, Kalyan Jewellers, Alkem Laboratories and Oberoi Realty were in focus after being added to the MSCI Global Standard Index in its latest rejig. PS - Nuvama expects Voltas to see highest FII inflows of $300 million while BSE may see $260 million.

Wockhardt was locked in a -5% lower circuit after launching its Rs 1,000 cr QIP at a -8% discount.

Page Industries (+2%) declared a second interim dividend of Rs 250 p/sh.

Shakti Pumps was locked in a +5% upper circuit after bagging a Rs 116-cr work order from the Haryana govt.

Jet Airways was locked in a -5% lower circuit after the Supreme Court ordered the company to wind up its business.

Here are the closing prints:

Market
Advantage India

Donald Trump is back as the new US President! Almost everyone in India Inc agrees that there will be challenges, but also opportunities. Today, we’re taking a look at some of the positives and how you should look to play those sectors!

FYI - the upside comes from ‘China +1’. We know this sounds like a buzzword, but this whole narrative literally came from Trump’s war against Beijing. What is particularly important is that a bunch of American and European companies are already shifting to India. Trump’s renewed focus on China will accelerate this move.

The two big sectors here are:

1) Electronic manufacturing: EMS stocks have been hot AF. The top players include Dixon Technologies, Kaynes Technology and Amber Enterprises. They’ve been propped up by GOI subsidies through the PLI scheme, but demand has come from major US & Asian tech giants. Yes, Trump won’t be happy about any Indian plans to curb laptop/PC imports, which is something Modi will have to carefully handle. But the broader opportunity is still huge here, especially with semiconductors!

2) Green energy: Indian solar panel makers have benefited BIG time over the last two years. ICYMI - US tariffs on Chinese solar products were kicked off by the Biden administration in 2022 and saw exports from companies explode in FY23 and FY24. Trump’s decision to slap 60% tariffs on certain Chinese products will be a big boost for desi firms. Companies like Waaree Energies are also ahead of the curve, planning to open factories in the US which should keep Trump happy. Experts say other picks to watch out for here include Premier Energies.

Stocktwits Specials
Stocktwits India Momentum Index🚀

The ST India Momentum Index closed down -1.5%.  

Except for RVNL and Jubilant Pharmova, all the other stocks ended in the red. Trent tanked -6.5% and slipped to the bottom of the index on bad Q2 results. The top 3 stock fell on average -2% today.

PS - The Stocktwits India Momentum Index highlights the top 10 performing companies based on their weekly returns. Plus, we bring you tons of exclusive content on the featured stocks including SEBI RA trade ideas, latest news & earnings updates, fundamental and technical insights.