StockWarden

Looking good so far on Wockpharma after my entry last week. What’s your take on it?

Life got hectic and I took a breather. Missed trading, missed y’all. Time to reboot. Shall we hit the charts again?

Hello Everyone!

Something is cooking in chemical sector??

Nifty50 PE ratio now at 23.

*Why we don’t have funds whenever Market correct.* *Reason :-* When market go up,our stocks go up. Then we book profit in some stocks but immediately buy another stock. When market correct, all stocks fall and we don’t have funds. Actually traders hate waiting, that’s why they buy overvalued stock during bull market and get stuck when market falls.

*News Headlines from Business News Agencies:* *Business Standard* 📝 Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson 📝 Infosys expands partnership with Microsoft to boost Cloud, GenAI adoption 📝 IRB Infrastructure to raise debt of up to $200 million via bond issue 📝 JSW Infra receives LoI to develop port project worth over Rs 4,000 cr 📝 Hinduja Leyland Finance receives 'AA+/Stable' rating boost from CRISIL 📝 India bond yields drop on FTSE Russell index inclusion, RBI stance shift 📝 CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman 📝 Expert panel recommends banning 16 more FDCs over safety concerns: Report 📝 India's pharma exports expected to remain strong amid global slowdown 📝 ValueQuest India Moat acquires 1.17% stake in MSTC 📝 RBI misses chance to up housing demand by keeping repo rate steady: Credai 📝 Tata Electronics names Bobby Mitra as CIO, president for AI transformation *Economic Times* 📝 Arvind Smart Spaces enters into a JDA for a high-rise project in Bengaluru 📝 Fortis Healthcare board approves raising of up to Rs 1,500 cr via NCDs 📝 Welspun Enterprises gets Rs 1,989 cr design and build contract in Mumbai 📝 Isro's commercial arm NSIL onboards Pushpak for faster, cheaper satellite placement 📝 Hyundai India announces to invest Rs 32,000 crore in India over next 10 years 📝 WeWork India lease over 60k sqft office space in Bengaluru 📝 Akasa Air partners with Rolls-Royce for engine leasing deal 📝 BigBasket reports 6% increase in FY24 consolidated operating revenue at Rs 10,062 crore 📝 RBI enhances transaction limits on UPI123 & UPILite 📝 India needs to impose tariffs on steel imports, SAIL's chairman says 📝 Customs authority imposes Rs 92.04 cr penalty, Rs 10 cr fine on Vedanta 📝 Cabinet approves development of National Maritime Heritage Complex in Lothal, Gujarat *Mint* 📝 RBI keeps repo rate unchanged at 6.5%, changes stance to ‘neutral’ 📝 NCLT approves delisting of ICICI Securities, dismisses plea raising objection 📝 Cabinet clears extension of fortified rice scheme until 2028 to combat anaemia 📝 India gears up for national green steel mission as demand surges 📝 CCI order in Google vs news publishers ‘in weeks’, to bring regulatory clarity 📝 Air India Express shoring up capacity with airframes from Air India 📝 FPIs pull out ₹55,700 crore from Indian equities in 7 days, DIIs absorb impact 📝 Standard Chartered India and South Asia CEO Zarin Daruwala to retire on April 1 📝 China finance ministry calls press briefing, firing up stimulus hopes 📝 Warner Bros. Discovery to ramp up content production in India 📝 Byju's transferred funds in violation of bankruptcy rules via shell company

*News Headlines from Business News Agencies:* *Business Standard* 📝 India, UAE to set up food corridor at $2 bn investment: Piyush Goyal 📝 German property market grows but industry cautious on slow economic rebound 📝 India to award leases to top up strategic oil reserves amid Gulf tensions 📝 Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season 📝 Tier-IV cities boost Meesho's festive sale; total orders increase 40% 📝 Oil giant Chevron sells assets worth $6.5 bn to Canadian Natural Resources 📝 Foundation stone laid of Rs 732 cr coal handling projects in Jharkhand 📝 Yulu turns Ebitda positive, aims to deploy 100K electric vehicles by 2025 📝 Computers, electronics industry leads post-pandemic job growth: ASI data 📝 Hero Motors withdraws DRHP documents for raising Rs 900 crore through IPO 📝 India's reservoir levels rise from last year, northern region lags: CWC 📝 India reduces local remedies exhaustion period to 3 years for UAE investors *Economic Times* 📝 Ashok Leyland commences delivery of electric trucks to Billion Electric Mobility 📝 Reliance's Tira launches global luxury skincare brand Augustinus Bader in India 📝 IFC extends $500 million loan to Axis Bank to fund green projects in India 📝 Jio pushes Trai to revise satcom paper on pricing, include level playing field 📝 Garmin, Apollo Hospitals join hands for health monitoring & wellness 📝 SAIL-BHP to jointly forge steel decarbonisation plan 📝 Road safety startup Nayan Tech raises $2 million 📝 Suraksha Diagnostic gets Sebi's go ahead to float IPO 📝 Shakti Pumps board announces 5:1 bonus share issue 📝 Airbus to source more components from India, says CEO 📝 Consumer durables sector can create 500,000 new jobs in India by 2030: Report 📝 Commerce department proposes solutions for exporters' credit crisis *Mint* 📝 Hitachi Energy plans to invest ₹2,000 crore in India's power sector 📝 HDFC Bank approves stake sale of HDFC Education for ₹192 crore 📝 Agritech startup DeHaat in talks to raise $100 million to buy a seed firm 📝 Amazon merges MX Player with miniTV to expand ad-supported streaming 📝 Drugmakers to face action for submitting wrong and misleading info, DCGI 📝 DGCA issues advisory on 'potential risk' in Boeing 737 rudder control system 📝 India buys 9% fewer vehicles in Sept, FADA urges OEMs to tackle record high car inventory 📝 Pfizer faces pressure as Starboard Value takes $1 billion stake 📝 Quick Heal eyes small firms, individuals with its AI-powered anti-fraud tool 📝 MakeMyTrip to renew focus on experiences, activities in its tour packages 📝 Consumer goods companies turn defensive on acquisitions to maintain market share

Q2 results date 10th Oct: GM Breweries 10th Oct: AnandRathi 10th Oct: IREDA 10th Oct: Tata Elxsi 10th Oct: TCS 14th Oct: Angel One 14th Oct: Gopal Snacks 14th Oct: HCL Tech 15th Oct: HDFC AMC 15th Oct: HCFC Life 16th Oct: Bajaj Auto 16th Oct: CRISIL 16th Oct: LTTS 16th Oct: Mphasis 17th Oct: Nestle 17th Oct: Infosys 17th Oct: Wipro 18th Oct: ICICI General 19th Oct: HDFC Bank 19th Oct: Tech Mahindra 21st Oct: Ultratech 22nd Oct: Coforge 22nd Oct: ICICI Pru 22nd Oct: Persistent 22nd Oct: Zensar 23rd Oct: KPIT Tech 23rd Oct: Navin Fluorine 23rd Oct: Pidilite 24th Oct: Cyient 24th Oct: Max India 24th Oct: NAM India 24th Oct: UBL 25th Oct: Atul 25th Oct: Novartis 25th Oct: Poonawala Fincorp 26th Oct: ICICI Bank 26th Oct: JK Cement 26th Oct: IDFC First Bank 28th Oct: CAMS 28th Oct: Gillette 29th Oct: Cipla 29th Oct: Dabur 29th Oct: Honeywell

*Global Equities Update* Asian markets opened lower while recovery has witnessed from lower levels leaded by Hang Seng. U.S. stock futures were flat as market remains watchful ahead to the widely anticipated release of September’s jobs report while recovery has seen as eastern port workers called off strike. *Global Equity Indices Update* *Dow Future (US):* 42035, +23.0 points/ +0.06% *Nasdaq Future (US):* 19857, +66.0 points/ +0.33% *FTSE Future (UK):* 8327, +8.0 points/ +0.09% *DAX Future (Germany):* 19167, +29.0 points/ +0.15% *Taiex Future (Taiwan):* 22402, +11.0 points/ +0.05% *Hang Seng Future (Hong Kong):* 22303, +146.0 points/ +0.64% *Nikkei Index (Japan):* 38640, +88 points/ +0.23% *Gift Nifty: (India)* 25420, -56.0 points/ -0.22% (Adjusted)

MORGAN STANLEY Medium to long term bull market intact FOCUS ON: Cyclicals > Defensives Large Caps >SMID Overweight on Financials, Tech, Consumer Discretionary and Industrial Underweight on Other Sectors

*News Headlines from Business News Agencies:* *Business Standard* 📝 Biocon Biologics refinances $1.1 bn debt through bonds, syndicated facility 📝 Ashok Leyland partners with Japan's Nidec to develop e-drive motors 📝 Chennai-based Refex to raise Rs 927 crore through preferential issue 📝 Hyundai Motor India likely to launch Rs 25,000 crore IPO on Oct 14 📝 BOJ policymaker calls for slow, cautious movement on interest rate hikes 📝 Sebi reduces trading lot size of privately placed InvITs to Rs 25 lakh 📝 LML sues Bajaj Auto over unauthorised use of 'Freedom' trademark 📝 Oil stocks surge as crude prices spike amid rising Middle-East tensions 📝 Govt rolls out scheme to provide 10 mn internship over five years 📝 RBI likely to continue using forex reserve to reduce volatility: Repor 📝 Tesla to recall over 27,000 cybertrucks in US over rear-view image delay *Economic Times* 📝 BPCL and Mumbai Port Authority to launch India's first green fuel ecosystem 📝 DPIIT ties up with Johnson Controls-Hitachi to launch startup incubator 📝 Bank of Baroda to sell Oman operation to Bank Dhofar 📝 Specialty chemical startup Mstack raises $40 million from Lightspeed, Alpha Wave, others 📝 China ready for $1.4 trillion fiscal bazooka, top economist says 📝 Practo appoints TVG Krishnamurthy, Alexander Kuruvilla to board of directors 📝 EET Fuels secures $650 million financial facilities 📝 India’s housing market sets new highs as sales surge, growth continues 📝 iSprout expands its footprint in Hyderabad with one million sq ft office space 📝 Indian CEOs optimistic about global economy, but not their own companies 📝 Goldi Solar to increase module manufacturing capacity by FY26 📝 Need to address stakeholders' concerns to realise India's AI ambition: Google India MD *Mint* 📝 Oil & gas, energy, PSU banks among 5 key index underperformers during first half of FY25 📝 India has huge growth potential, even more than China: David S. Marriott 📝 After G20 consensus, Google to export India’s digital public infrastructure 📝 OpenAI closes $6.6 billion funding haul with investment from Microsoft, Nvidia 📝 World Bank's B-Ready survey to evaluate 10,000 Indian firms 📝 Coal production from captive, commercial blocks rises 32% in H1 of FY25 📝 Mahindra Thar ROXX sets record with 1.76 lakh bookings in just 60 minutes 📝 Adani Group, Google collaborates to advance clean energy goals in India 📝 Dabur’s September-quarter update pours cold water on market hopes 📝 Ola launches festive offers, slashes S1 price to ₹49,999 to boost sales 📝 RITES signs MoU with Delhi Metro to execute metro projects in India & Abroad

*Global Equities Update* Asian markets are trading with mixed note as Hong Kong markets pared earlier gains and slipped into red while Japanese markets have protected gains amid hope of no rate hike from BoJ. MSCI's global equities index was down slightly on previous session while the dollar rose as investors digested U.S. economic data and anxiously awaited Israel's response to Iran's missile attack the previous day. *Global Equity Indices Update* *Dow Future (US):* 42162, -34.0 points/ -0.08% *Nasdaq Future (US):* 19765, -37.0 points/ -0.18% *FTSE Future (UK):* 8308, -34.0 points/ -0.42% *DAX Future (Germany):* 19244, -61.0 points/ -0.32% *Taiex Future (Taiwan):* 22100, -291.0 points/ -1.30% *Hang Seng Future (Hong Kong):* 22051, -408.0 points/ -1.78% *Nikkei Index (Japan):* 38628, +834 points/ +2.21% *Gift Nifty: (India)* 25721, -248.0 points/ -0.95% (Adjusted)

*News Headlines from Business News Agencies:* *Business Standard* 📝 Institutional investments in real estate rise 45% in Jul-Sep: Colliers 📝 Govt discussing proposal to formulate scheme for 'Made in India' label 📝 NBFC loan sanctions rise 12% in Q1FY25, home and auto loans drive growth 📝 THDCIL to invest Rs 8,800 cr in pumped storage projects in Raj: CMD Vishnoi 📝 Cap goods, engineering firms see new order wins worth Rs 2 trn in H1FY25 📝 WJ Towell & Co raises claim in arbitration from Blue Star to Rs 461.74 cr 📝 Banks to seek govt guarantee on equity conversion before lending to Vi 📝 Samsung India workers observe one-day token fast near Chennai factory 📝 Zydus Lifesciences receives USFDA approval to produce prostrate cancer drug 📝 Pharmaceutical firms up their game to crackdown on spurious drugs *Economic Times* 📝 Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales 📝 SBI to add 600 branches in its network during FY25: Chairman Setty 📝 DGGI sends 300 notices to cos' top brass over input tax credit 📝 Company registrations decline 21% in Sept, LLPs rise 8% 📝 Shining bright: Gold loans are the fastest growing category for NBFCs, industry data shows 📝 JSW MG Motor retail sales fall 8% to 4,588 units in September 📝 GNPAs to improve to decadal low in FY25; MFI loans, unsecured need to be watched: Crisil 📝 Petrol sales rises 2.8% in September, diesel drops 2% 📝 Delhi govt to audit DISCOMs on pension surcharge issue *Mint* 📝 Reliance Group to build solar and hydro-power projects in Bhutan 📝 Tribunal orders lenders of insolvent Siti Networks to return ₹148 cr to company 📝 Tesla misses estimates, demand hit amid competition in China & Europe market 📝 CRISIL removes IIFL Finance from ‘Rating Watch’, reaffirms long-term rating 📝 Grover Zampa sharpens focus on premium wines after ₹90 cr capital boost 📝 Titan’s Helios to launch exclusive luxury watch stores as demand surges 📝 Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of BSV 📝 Dabur India expects mid-single digit revenue dip due to floods, inventory issues 📝 Google offers to settle anti-trust case in smart TV probe 📝 Jet Airways' winning bidder claims lenders want to sell airline assets as scrap

*SEBI Board Meeting Today:* Discussion points may be as per media sources: 1) Relaxation on Research Analyst and Investment Advisory Norms 2) To revised the scope of insider trading norms 3) May consider to revised F&O norms to curb participation from small and marginal traders 4) Relaxation on FPI Disclosure norms 5) Changes in Mutual Fund Regulations for Passive Funds 6) Performance validation agency for Portfolio managers and IAs 7) Introduction of a new asset class to be introduced that lies between a portfolio management service and a mutual fund

*Global Equities Update* Asian markets are trading with mixed note as Chinese markets continued to outperform on stimulus driven rally while Nikkei fell on back of political changes in Japan. U.S. equity indices futures are trading sideways while expected to remain focused on speech from the Federal Reserve Chairman. A surging yen steadied on Monday as Japan's incoming prime minister signaled monetary policy should remain accommodative, while the dollar slipped on commodity currencies underpinned by investor expectations of a turnaround in China's economy. *Global Equity Indices Update* *Dow Future (US):* 42324, +11.0 points/ +0.03% *Nasdaq Future (US):* 20000, -5.0 points/ -0.02% *FTSE Future (UK):* 8369, -7.0 points/ -0.09% *DAX Future (Germany):* 19636, -11.0 points/ -0.06% *Hang Seng Future (Hong Kong):* 20395, +475.0 points/ +2.28% *Taiex Future (Taiwan):* 22701, -191.0 points/ -0.84% *Kospi 200 Fut (South Korea):* 356, -3.0 points/ -0.74% *Nikkei Index (Japan):* 38145, -1676 points/ -4.21% *Gift Nifty: (India)* 26318, -27.0 points/ -0.10% (Adjusted)

*News Headlines from Business News Agencies:* *Business Standard* 📝 Tata Sons plans to buy 13% stake in Tata AutoComp for Rs 2,122 crore 📝 IBA expects to attract Rs 1,600 cr investment for biogas sector at REI 2024 📝 Goyal holds discussions with 140 firms getting production-linked incentives 📝 AI Express-AIX Connect merger in Oct first week; 'I5' to fly into sunset 📝 With more foreign investment, India can build movie industry quicker: IMAX 📝 Lulu Group to set up food processing, logistics centres in Andhra Pradesh 📝 Microfinance growth driven more by lenders' loan disbursement than demand 📝 Housing prices in Delhi-NCR, Bengaluru jump 29% in July-Sept: Anarock 📝 Insurance companies enhance tech spending to meet evolving customer needs 📝 Govt mulls new regulatory mechanism for FDI supervision and oversight 📝 HC upholds arbitral award in favour of R-Infra in judgement on DVC petition 📝 Regulatory, policy reforms crucial for future of India's pharma R&D: Report 📝 Engine maker GE Aerospace plans increasing sourcing components from India 📝 NLC India eyes critical mineral mining capacity of 1 MTPA by FY30 📝 Deloitte eyes $5 billion revenue from Indian biz by 2030: South Asia CEO *Economic Times* 📝 Reliance Infra wins Rs 780 cr arbitration case against Damodar Valley Corp 📝 Linking spurious drugs with legitimate manufacturers has severe reputational, financial impact: IPA 📝 Sebi mulls standardise format for disclosure of change in risk-o-meters of MF schemes 📝 Govt to soon release 'master list' of tourist sites for holistic development: Gajendra Singh Shekhawat 📝 ASUS bets on aggressive retail expansion to become India's top PC brand 📝 India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Crisil Ratings 📝 EV industry in India is not relevant without incentives: Bernstein 📝 L&T Semicon expects its chip production to start in 2 yrs; to set up unit later 📝 Tamil Nadu CM Stalin lays foundation stone for Tata Motors' Rs 9,000 cr manufacturing plant in state 📝 SBI plans innovative products to attract depositors amid growing financial awareness 📝 Candytoy partners with Reliance Retail to supply confectionery toys to 1,400 outlets 📝 IDFC to merge with IDFC FIRST Bank, effective October 1 📝 NEDFi reports rise in profit for FY24 by 14.19% to Rs 132.37 crore from Rs 115.92 crore *Mint* 📝 India's forex reserves surge, reaching record high of $692.3 billion: RBI 📝 Indian steel producers warn of China import surge amid US tariff hike 📝 Flipkart's online sellers sue CCI over antitrust probe 📝 GQG Partners to pay $500,000 as penalty to SEC for violating whistleblower rules 📝 Sebi cuts down timeline for debt securities from T+6 to T+3 📝 Supreme Court to rule on AERA’s powers, may lead to costlier airport services 📝 Reliance-Disney merger ahead: RIL wins govt approval for transfer of channels 📝 The $1.7 billion takeover brawl fueled by a fear of China 📝 Accenture’s Gen AI bets pay off with $3 bn in bookings 📝 First novel Schizophrenia treatment in decades gains FDA approval 📝 Dell mandates in-office work for global sales team after layoffs: Report 📝 Reliance Power to consider stake sale for fundraising, board meeting on Oct 3

Hyundai IPO gets SEBI nod. It is expected to be a Rs Rs 25000 Cr IPO - It will be India's largest IPO after LIC's 21000 Cr IPO in 2022 Quick points - #1 - Other Mega IPOs of India - PayTM - 2021 - Rs 18300 Cr | Coal India - 2010 - Rs 15200 Cr | 11 years to break Coal India's record and after that it has been a line of mega IPOs! #2 - Korean car maker Hyundai Motor wants to sell around 17% of its Indian arm through an IPO. hey are planning to raise Rs 25,000 Cr (around $3 billion) at a valuation of Rs 1.5 Lakh Cr/18 Bn $ (as per reports even 20-25 Bn $ valuation on cards) #3 - This IPO is the first by an automaker after over 20 years since Maruti Suzuki went public in 2003. Hyundai is the country's second-biggest carmaker after Maruti Suzuki India. #4 - With this, 4 major PV makers in India will be listed - Maruti, M&M, TaMo and now Hyundai India #5 - SUVs continue to be a growth driver for Hyundai as 62%+ of domestic sales in 9MFY24 were SUVs. 23% of all PVs sold in FY19 in India were SUVs, this is 50.3% as of Feb 2024

When small and midcap stocks consolidate, they trade in a narrow range without significant movement up or down. This often happens when the market is absorbing prior gains or losses, waiting for a new catalyst to trigger a breakout. Investors may feel frustrated during this phase, as returns are slow, but patience is essential. The current market likely reflects caution due to broader uncertainties, and consolidations can often signal future price movements when conditions improve.

Indian economy and growth 📈