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India Today
19-05-2025
- Business
- India Today
Sensex, Nifty today: Key levels and sectors to watch. Here's how to trade
The stock market is expected to open lower on Monday with the Sensex and Nifty likely to begin the week on a quiet note. This comes as investors look for fresh triggers after a strong rally last benchmark indices ended in red on Friday. Traders chose to book profits after days of gains. The Nifty50 had jumped 4.2% last week, while foreign portfolio investors bought shares worth Rs 15,925 crore, marking their fifth straight week of LEVELS TO WATCHMarket experts say there is still positive momentum in the market, but traders should be cautious and focus on key Gaggar, Director of Progressive Shares, said, 'The weekly line chart of the Index displays a rounding bottom breakout, signaling strong bullish momentum. The key levels to watch for the Index are resistance at 25,200 and support at 24,930. In BankNifty, a Bullish Flag and Pole formation is forming, with immediate resistance at 55,580 and support at 54,900, awaiting breakout confirmation.'He added that many sectors are showing strong signals on the charts. These include auto, energy, metal, pharma, real estate, and TO KEEP AN EYE ONGaggar shared a detailed sector-wise breakdown of how different parts of the market are looking based on chart patterns:Auto: Stocks like Bajaj Auto and Exide Industries are showing bullish signals such as inverted head and shoulder breakouts and falling channel After over three months of moving sideways, this sector is now showing strong upward movement. Stocks like CG Power, JSW Energy, and SJVN have seen bullish This sector is showing a reversal of the earlier downward trend. Jindal Steel and SAIL have both seen symmetrical triangle The sector is expected to see a strong rally after a breakout from an inverted head and shoulder A range breakout has been seen in this sector, with stocks like AnantRaj and DLF showing symmetrical triangle Stocks like HBL Engineering, IRFC, Jupiter Wagon, Railtel, RVNL, Texmaco Rail, and Titagarh were top gainers last week. Many of these stocks showed bullish breakouts and could be good for a 'buy on dips' This sector may see some profit-booking after a sharp rally. Investors are advised to be careful while trading these concluded, 'Summing up all the above analysis, we conclude that the 'buy on dips' strategy would be ideal.'MARKET OUTLOOK AND RISKSDr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said, 'An apparently perplexing trend from the last trading day is that the market declined despite Rs 14,018 crore of institutional buying (FIIs plus DIIs). This indicates that FIIs are increasing their short positions in the derivatives market. So expect more volatility ahead.'He also warned about the recent rally in defence stocks.'An important trend in the market is the sharp rally in defence stocks. Even though this segment has bright medium to long-term prospects, their valuations have become excessive and, therefore, investors have to be extremely cautious. Some profit booking in this segment would be appropriate,' Vijayakumar The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Tune InMust Watch
India Today
15-05-2025
- Business
- India Today
Sensex falls over 500 points. Why is stock market falling today?
The main indices on Dalal Street opened on a weak note on Thursday, snapping their recent rally as global cues turned cautious. The Sensex fell over 500 points and the Nifty dropped more than 140 points in early trade, reacting to a pause in the global uptrend and renewed geopolitical calm following signs of a trade truce between the United States and around 9:47 am, the Sensex was down 516.75 points at 80,839.01 while the Nifty hovered at 24,528.25, down 142.25 points. The selloff, however, remained largely confined to heavyweight largecaps. The broader market showed surprising strength, with midcap and smallcap indices trading firmly in the TRADE TRUCE MAY HURT FII INFLOWSAccording to Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market appears to be entering a phase of near-term consolidation. The easing of tensions between Washington and Beijing has shifted the narrative, potentially triggering a tactical realignment of foreign institutional investor (FII) flows. A 'Sell India, Buy China' strategy is not off the table, he warned, which could take the wind out of the largecap said, he remains constructive on defence stocks, which saw renewed interest after the Prime Minister's endorsement of India's indigenous military hardware. While long-term prospects for Indian defence exporters remain promising, lofty valuations mean investors need to tread INDICATORSadvertisementTechnically, the market trend remains evenly poised. The Nifty formed a small green candle on the daily chart in the previous session, hinting at cautious optimism. Analysts say a decisive break above 24,770 will be crucial for the index to resume its upward momentum towards the next resistance at 24,900. On the downside, support is seen around 24, Nifty continues to oscillate within a flag pattern, with key support at 54,560 and resistance near 55,200. In the auto sector, Exide Industries is showing signs of a breakout after months of consolidation. Meanwhile, the energy sector appears to have confirmed its breakout above the 35,000-mark, with stocks like CG Power and Coal India building on their OUT FOR SPECIFIC SECTORAL STOCKSDespite the benchmark's softness, several thematic plays are unfolding on the charts. The metals pack continues to rally, with stocks such as Jindal Steel, SAIL, and Hindustan Copper moving out of their consolidation zones and confirming bullish sector banks, too, are seeing positive price action. Union Bank of India has broken out of an Inverted Head and Shoulders pattern, signalling a potential trend reversal. Railway stocks are regaining momentum, with names like Ircon, RITES, RVNL, and Railtel setting up for continued strength through a range of bullish chart patterns including symmetrical triangles, consolidation breakouts and falling channel NEXT? advertisementWhile the shift in global sentiment may temporarily weigh on largecaps, particularly those that had outperformed on the back of FII buying, the underlying strength in mid and smallcaps remains intact. Breakout patterns across sectors such as defence, energy, metals and transportation suggest there are still plenty of opportunities for investors willing to look beyond the should note that while the mood on Dalal Street may have turned cautious, but it's far from bearish.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Tune InMust Watch
The Print
14-05-2025
- Business
- The Print
Exide aims at Rs 20,000 cr topline in 2-3 yrs
The battery maker also plans to invest Rs 1,600-1,700 crore in the current fiscal, covering both lithium-ion cell manufacturing and the lead-acid segment, an official said. Kolkata, May 13 (PTI) Exide Industries on Tuesday said it is targeting a revenue of Rs 20,000 crore over the next two to three years, banking on steady growth in its lead-acid battery business. 'Our business outlook remains strong. Over the next two to three years, revenue will touch Rs 20,000 crore from the current level of around Rs 16,500 crore,' Exide MD & CEO Avik Roy said. The projection is primarily based on the lead-acid battery business and does not include estimates from its upcoming lithium-ion cell manufacturing facility, which is expected to be operational in FY'26, he said. 'Cell manufacturing is a strategic foray, given the immense potential of EVs in the country, but we do not want to make revenue guess at this stage as they will depend on market adoption,' Roy said. The company expressed confidence in improved margins and cash flow going forward, after facing pressure in the March 2025 quarter due to high input costs. Antimony, a key raw material, witnessed an unprecedented price surge over the past year, impacting profitability, the company official said. 'Although we implemented a price hike of about 5 per cent to pass on the cost, there was a lag between cost escalation and pricing action. That created a hurdle, but things are now stabilising,' he added. PTI BSM BDC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
13-05-2025
- Automotive
- Time of India
Exide eyes Rs 20k cr revenue from lead-acid battery biz in 2 yrs
1 2 3 Kolkata: Exide Industries is planning to increase its revenue from lead-acid battery business to around Rs 20,000 crore over the next couple of years from the current Rs 16,500 crore, with the outlook remaining strong."We are aiming to raise the company's revenue from the lead-acid business to Rs 20,000 crore in the next two to three years," Exide Industries MD & CEO Avik Roy said on Tuesday. At the end of the last financial year, the company's revenue from this business was around Rs 16,500 crore."As we enter FY26, the outlook for the lead-acid business remains positive across most business verticals. I believe that Exide, with its advanced product portfolio, pan-India distribution network and strong brand recall, will continue to benefit from the growth opportunities," Roy said during the company's Q4FY25 earnings call last to the company, domestic auto replacement demand was robust throughout the last financial year, while auto OEM demand, especially in the passenger vehicles segment, didn't see any meaningful uptick in demand. In reserve power, both industrial UPS and solar trade markets witnessed steady growth in demand, but the home-UPS market remained soft, with its demand expected to ramp up in the first quarter of this fiscal intends to commercialise the first phase of the lithium-ion cell manufacturing operations in Karnataka this fiscal year. In the first phase, it will set up a 6 gigawatt-hour lithium-ion cell manufacturing far, Exide has invested around Rs 3,600 crore in its wholly owned subsidiary Exide Energy Solutions (EESL). "We have the board approval to invest an additional Rs 1,200 crore in this financial year," Roy said.
Time of India
13-05-2025
- Automotive
- Time of India
Exide aims to become a ₹20,000 crore company in the next 2-3 years
The storage battery maker Exide Industries is aiming to become a ₹20000-crore company in the next two to three years, growing from ₹16588 crore as of end March, managing director Avik Roy said Tuesday in his first ever media interaction. He said that the first phase of the green-field lithium-ion cell manufacturing plant would be up and running by the end of FY26. Kolkata-headquartered Exide's subsidiary Exide Energy Solution is setting up the country's first lithium-ion cell manufacturing unit in Bengaluru with a proposed 12 gigawatt hour capacity in two equal phases of 6 gigawatt hour each targeting the rapidly expanding local electronic vehicle market. It signed a non-binding agreement with Hyundai Motor and Kia Corporation for strategic cooperation in the market. Exide has so far made equity investment of ₹3600 crore into the subsidiary while the board has approved another ₹1200 crore for the first phase of the unit. Roy, who took the driver's seat at Exide on May 1, last year, said that the company also invests about ₹500 crore every year into its lead-storage battery units. "As we enter FY26, the outlook for the lead-acid business remains positive across most business verticals. During the year, we have strengthened our businesses and go-to-market strategy, by transitioning from a SBU-led organisation to a Functional Organisation. We have also strengthened our senior leadership team by bringing in seasoned business leaders from global corporations," Roy said. Exide reported a 3% rise in annual net profit for FY25 at ₹1,077 crore over the preceding year profit.
