Latest news with #Kranthi
Economic Times
29-07-2025
- Business
- Economic Times
Nifty at crucial juncture: What's weighing on the markets?
Markets remain range-bound amid weak earnings, global trade tensions, and lack of sectoral leadership. In this exclusive conversation, Kranthi Bathini breaks down the current market mood, the impact of the India–UK FTA, and why the 25,000 mark on the Nifty is the key level to watch. Excerpts: ADVERTISEMENT Market View Q. Let's start with the markets. Last week was mixed, there was some rally, but overall sentiment remained cautious. What happened? Kranthi Bathini: Markets are still in a consolidation phase. Every time the Nifty moves above the 25,000 mark, it struggles to sustain the momentum beyond 25,750–25,800. There's no strong earnings support or buying interest at those levels. On the downside, 25,000 is acting as a strong support level, both technically and sentimentally. Today, we dipped below it, which typically invites fresh short positions and selling pressure. The lack of earnings triggers, global trade uncertainties, and new EU regulations on Russian oil imports into India have all contributed to the weakness. Also, heavyweight stocks like Reliance Industries are under pressure, it's corrected nearly 10% from its peak, which is dragging the broader market. What's also missing is sectoral leadership rotation. In past rallies, different sectors took turns to lead. That's not happening now. Fortunately, domestic institutional investors (DIIs) have stood strong, if not for them, markets could've dropped the current weakness, history shows that periods of pessimism often offer good accumulation opportunities for long-term investors and delivery-based traders.Q. PM Modi and UK PM Keir Starmer just signed a landmark India–UK Free Trade Agreement. What are the implications? ADVERTISEMENT Kranthi: It's a positive step. FTAs open new markets and show India's maturity to compete globally. Key beneficiaries from this deal are: Textiles Leather manufacturers Gems and jewellery Aquaculture and seafood exports Pharmaceuticals and chemicals We saw selective buying in these segments already, aquaculture and textile stocks moved up. ADVERTISEMENT For instance, Wockhardt, which has a UK plant, surged from ₹300 to ₹1,700, a clear example of how companies with UK exposure can gain from this FTA.Q. With the US threatening 200% tariffs on Indian pharma products, can the UK be a balancing export partner? ADVERTISEMENT Kranthi: The US remains the largest revenue contributor for Indian pharma, about 70–80% of earnings for many firms come from North US tariff hike would significantly impact Indian pharma. However, it's unlikely that the US will act hastily because these are essential, life-saving drugs, and imposing tariffs could backfire on US healthcare said, the UK can't replace the US in terms of volume and scale, but it could open alternative opportunities, especially for companies with a footprint in the UK or EU. ADVERTISEMENT Q. What's the global sentiment looking like, given all the trade-related noise? Kranthi: Right now, uncertainty is rising. While geopolitical tensions have eased slightly, trade worries are intensifying. The US–China trade situation is critical for global markets, it influences global growth and supply chains. Long-only global funds are cautious and staying sidelined due to the unpredictability around tariffs and trade deals. India can gain some share of global manufacturing, but for now, volatility will continue.Q. What's your assessment of the current Q1 earnings season? Kranthi: It's been muted so far. Infosys surprised positively, but TCS disappointed heavily. Reliance Industries didn't live up to expectations due to pressure from refining margins, impacted by EU's Russia policy. Banks have been mixed — Axis Bank disappointed, while ICICI Bank and HDFC Bank delivered solid numbers. Interestingly, mid- and small-caps are showing pockets of strength. But overall, we need more heavy lifting in earnings to drive market momentum.Q. What are the key levels to watch this week? And what's your outlook? Kranthi: The 25,000 mark on the Nifty is absolutely crucial. If Nifty stays above 25,000, we may see a positive breakout toward 25,250. If it falls below 24,800, that could trigger fresh shorting and more downside. So, the expected range for next week is 24,800 to 25,250. If Nifty can hold 25,000, we may see some consolidation or mild upside. Otherwise, selling pressure could persist in the short term. Disclaimer: Recommendations, suggestions, views and opinions given by the experts/brokerages do not represent the views of Economic Times. (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
13-06-2025
- Business
- Business Standard
GTL, Exxaro Tiles zoom up to 85% in 1-mth; time to sell these penny stocks?
Shares of penny stocks - GTL and Exxaro Tiles have zoomed up to 73 per cent in the last one month amid the overall rally in the equity market. GTL and Exxaro Tiles are considered as penny stocks for the individual share price quoted around ₹10-mark. GTL from levels of ₹7.80 on May 9 soared nearly 67 per cent to a high of ₹13 on June 12. Similarly, Exxaro Tiles stock price from ₹5.90, skyrocketed by 85 per cent to a high of ₹10.90 per share. In comparison, the NSE Nifty 50 index advanced 3.7 per cent, and the Nifty Microcap index soared over 15 per cent in the same period. GTL, Exxaro Tiles - trading volume jumps multi-fold On the NSE, GTL witnessed up to a 10-fold jump in trading volumes in the last two trading sessions. The average daily traded volume from around 10 lakh per day surged to over 18.30 million shares on Thursday, June 12. Today, so far, GTL stock has declined 7.5 per cent to ₹11.22, amid volume of around 23 lakh shares on the NSE. The 52-week high of GTL stands at ₹16.41, and the 52-week low is at ₹7.59. The company's market capitalisation is ₹177 crore. Similarly, trading volume at Exxaro Tiles counter soared to near 79 lakh shares per day as against the average volume of around 7 - 8 lakh shares in the preceding one month. On Friday, Exxaro Tiles stock price was up 1.5 per cent at ₹10.27. The counter witnessed trades of around 11.8 lakh shares thus far on the NSE. At present, Exxaro Tiles market capitalisation has increased to ₹460 crore, with the stock seen trading near its 52-week high, which stands at ₹11.60. The 52-week for Exxaro Tiles stock is ₹5.45. On the earnings front, GTL reported a massive 91.8 per cent fall in Q4 net profit at ₹11.21 crore for the quarter ended March 2025 when compared with ₹136.20 crore in the quarter ended March 2024. Income from operations, however, increased by 6.4 per cent year-on-year (YoY) to ₹69.90 crore from ₹65.69 crore. Meanwhile, Exxaro Tiles Q4 net profit zoomed 192.5 per cent to ₹3.51 crore for the quarter ended March 2025 as against ₹1.20 crore in the corresponding quarter a year ago. Sales rose 19.1 per cent YoY to ₹94.98 crore from ₹79.77 crore. GTL, Exxaro Tiles - what should investors do? Kranthi Bathini, Equity Strategist at WealthMills Securities recommends that in times of a market rally, we tend to see some kind of exuberance in select stocks with lesser fundamentals, including penny stocks, which witness a momentum-driven rally. The analyst, however, cautions that it is not advisable to invest in penny stocks, as they are quite often associated with high risks. "Finding an exact top or bottom in these kinds of stocks is extremely difficult, for they just get traded based on the fear-and-greed of the market", explains Kranthi Bathini. For investors holding positions in such stock, Kranthi advises to follow strict trading stop-losses. Technical view on GTL, Exxaro Tiles GTL share price is seen quoting above the 200-Day Moving Average (200-DMA) for the second straight trading session. The 200-DMA stands at ₹11.10. A close above ₹11 on Friday is necessary for the stock to sustain its upward trend. As such, the stock can potentially rally to ₹15.80 levels. On the other hand, break and sustained trade below ₹10-mark shall dismantle the present bullish stance at the counter. Following which, the stock can potentially drift back towards ₹7 levels. Exxaro Tiles has conquered its 200-DMA, and is now seen attempting a close above the 100-Week Moving Average, which stands at ₹9.90. Technically, this shall indicate a positive sign for the stock, and which can lead it towards ₹12.40 levels. Key support for the stock on the downside stands at ₹8.30 and ₹7 levels, show technical charts.
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Business Standard
05-06-2025
- Business
- Business Standard
GRSE, BDL among 9 defence stocks up over 70% in 2 mths; time to book gains?
Shares of Indian defence-related companies have witnessed a spectacular bull-run on the BSE and the NSE in the last two months, with the success of ' Operation Sindoor ' adding fire-power to already pumped-up shares in the month of May. The NSE Nifty Defence index has zoomed as much as 59 per cent from its April 7 low of 5,645 to the current 8,970 levels. In comparison, the NSE Nifty 50 index has gained 14 per cent in the same period. Among the Nifty Defence constituents - 50 per cent of the stocks i.e. 9 out of the 18 defence shares have zoomed more than 70 per cent in the last two months, shows ACE Equity data. Garden Reach Shipbuilders & Engineers (GRSE) is the top mover, the stock has soared 138 per cent. It is followed by Data Patterns (India), which has zoomed 114 per cent. Paras Defence And Space Technologies, Astra Microwave Products, Mishra Dhatu Nigam (Midhani), BEML, Bharat Dynamics (BDL), Cochin Shipyard and Solar Industries India are the other 7 stocks, up in the range of 70 - 98 per cent. Given the recent sharp rally, analysts recommend it won't be a bad idea to take home some profit off the table, but remain optimistic of the future growth prospects. Kranthi Bathini, director - equity strategy at WealthMills Securities says that defence stocks seem to be fully priced-in at current levels; hence taking some profits from the medium-to-short term seems advisable. On the downside, these stocks could correct between 15-20 per cent, the analyst said. However, the long-term outlook for defence stocks remains upbeat given India's focus on domestic manufacturing, coupled the with export market. The order book and earnings visibility looks very good for these companies, Kranthi added. That apart, post Operation Sindoor, analysts believe the Indian government may increase Budget outlay for the defence sector. Reports indicate that India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had earmarked a record ₹6.81 trillion for the defence sector for FY26, an increase of 9.2 per cent when compared to the budget allotment of ₹6.22 trillion in FY25.
Time of India
04-06-2025
- Business
- Time of India
Q4 Earnings, Monsoon, Rate Cuts: What's next for Indian markets?
The stock market swung between gains and profit-booking last week, driven by Q4 earnings, global cues, and selective FII activity. What lies ahead? We spoke to Kranthi Bathini, Equity Strategist, Wealthmills Securities on sector trends, key Nifty levels, and the surge in defence stocks. What should your strategy be amid rate cut hopes and monsoon forecasts? Let's take a look. Excerpts: Q. Last week, we saw a roller-coaster ride—driven by easing global tensions, profit booking, and underwhelming Q4 earnings. FIIs also played a key role. Can you break down what really happened? Kranthi Bathini : Yes, markets remained range-bound last week, swinging between 24,750 on the downside and 25,500 on the upside. We're at the fag end of the earnings season, and while there weren't any big surprises, LIC did stand out. It showed a positive breakout and strong guidance—sustaining above ₹1,000 could indicate momentum. Mid and small caps stole the limelight this week. Overall, Q4 earnings were decent—better than expected and showing year-on-year expansion. Despite geopolitical uncertainties, India's handling of tensions has reassured global investors. FIIs are now favouring India over the US due to greater clarity and resilience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cimuncang: Beautiful New Senior Apartments with Two Bedrooms Senior Apartments | Search Ads Search Now Undo Q. Would you say our domestic economy has shown resilience despite the geopolitical issues, including border tensions? Kranthi: Absolutely. Domestic macros are strong—cooling inflation, early monsoons, and a growth-supportive environment. That's why, despite subdued Q4 results, markets are holding up well. Q. Which sectors stood out this week, and which lagged? Kranthi: Defence is the standout. It's riding on long-term fundamentals, not just geopolitical tensions. There's some froth due to excess investor interest, but any dip is a buying opportunity. Banking and financial services are also key picks, especially with expected rate cuts . Live Events Selective interest is also seen in IT and infra, though IT remains uncertain. Q. And what's your view on banks and NBFCs? Kranthi: Banks are doing well and remain FII favourites. They're at the core of India's growth story. However, IndusInd's recent corporate governance issue is a red flag and a reminder for better governance across the sector. NBFCs face short-term headwinds from RBI norms, but should benefit from rate cuts and credit growth in the medium term. Q. What should be the strategy for this week? Kranthi: We're in a 'buy on dips, sell on rally' market. Investors need to use trailing stop losses and avoid getting caught in temporary euphoria. Until Nifty decisively crosses 26,000, range-bound movement will continue. Q. What are some key triggers in the near term? Kranthi: Monsoon progress is crucial—it directly impacts economic activity. Globally, US policy volatility adds to uncertainty, especially on tariffs and interest rates. These factors drive short-term market sentiment and are hard to predict for retail investors. Q. What are the key Nifty levels to watch? Kranthi: Support is at 24,750. If Nifty sustains above 25,000, we could see positive momentum. A break below 24,750 may lead to downside, but strong liquidity—thanks to FIIs, DIIs, and retail—will likely ensure pullbacks. Dips remain buying opportunities.
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Business Standard
14-05-2025
- Business
- Business Standard
FIIs net sell over ₹6,600 cr in F&O on Tuesday; what's worrying them now?
Foreign institutional investors (FIIs) seem to have turned circumspect on the Indian stock market following the sharp volatility in recent trading sessions. According to data from SEBI, FIIs had started the May month on an optimistic note, and net bought shares worth ₹11,656 crore in the first five trading sessions of the month, till May 8 in the cash market. However, in the last three trading days, FIIs have net sold stocks worth ₹3,029.09 crore. In comparison, domestic institutional investors have net bought shares to the tune of ₹12,999.90 crore in the last three days. Apart from the cash market activity, FIIs have now turned net sellers in the derivatives - futures & options (F&O) market for the May series, owing to aggressive net sales to the tune of ₹6,668.28 crore in Tuesday's trading session. FIIs net sales in May F&O series now stands at ₹1,993.26 crore. Market experts believe that the recent change in FIIs stance could be more due to the sudden sharp spike in the market on Monday. ALSO READ | Where to invest as markets look past trade, India-Pak war, Q4 earnings? FIIs seem to be taking-off some hard money out of the market following the sharp rally on Monday, says Kranthi Bathini, Director-Equity at WealthMills Securities. Kranthi recommends this could be a short-term trading activity, the larger picture should get clearer over the next 10 days. FIIs will also be closely tracking how the US trade war pans out in the coming weeks; in general, FIIs are waiting to take a long-term stance on India, Kranthi added. Here's what FIIs did in the May series thus far Significant liquidation - Amid the recent sell-off FIIs open interest (OI) in index futures has declined by 14.7 per cent in the last three days, to 1.46 lakh contracts. FIIs OI at the start of the May series stood at 1.36 lakh contracts, and had reached a high of 1.72 lakh contracts on May 8 - primarily owing to buying in Nifty futures. Following the recent liquidation, FIIs fresh OI build-up in Nifty futures now stands at 21 per cent as against a peak of 48.1 per cent build-up. Meanwhile, OI in Bank Nifty futures have dropped sharply to 29,591 contracts much below that then OI at the start of the May series (36,110 contracts). OI in MidCap Nifty futures has dipped by 12 per cent from a high of 36,569 contracts on May 9 to 32,167 contracts. Meanwhile, the NSE Nifty 50 index has gained 1.3 per cent in the last three trading sessions, and is up 1.4 per cent in the May series thus far. FIIs v/s DIIs v/s Retail v/s Proprietary traders - who is bullish/ bearish? Data from the NSE derivatives segment shows that FIIs who had turned net bullish (long) in index futures on May 7, saw the long-short ratio hit a high of 1.09 on the following day. The long-short ratio is derived taking into account the total buy-side open positions versus sell-side open positions in index futures. A value in excess of 1 indicates higher open positions on the buy side of trade. However, within the next three trading sessions FIIs long-short ratio has now plunged to 0.6 - this ratio now implies presence of nearly 2 short bets in index futures for every long trade. Nandish Shah, senior technical & derivative analyst at HDFC Securities recommends that a lower long-short ratio could work in favour of the Indian market, as this could mean that FIIs may come to buy at lower levels, thus providing cushion in case of a dip. Similarly, proprietary traders' long-short ratio has dropped to its lowest point at 0.31 since October 1, 2024. This ratio implies that proprietary traders are holding 3 short positions for every long bet in index futures. Meanwhile, DIIs and retail investors continue to hold bullish positions. DIIs long-short ratio stands at 2.4, and retail at 1.2. Here's what Nifty options data hints at The immediate ceiling for the Nifty lies near 24,800 – 25,000 levels, and a strong close above this range could ignite a fresh round of short covering, potentially taking the index to 25,200 – 25,300, said Dhupesh Dhameja, Derivatives Research analyst at SAMCO Securities in a note. On the flip side, a slip beneath 24,500 might open the gates for minor profit-taking toward the 24,370 mark — a zone that could yet again offer an entry point for the bulls, the note added.
