VRIGHT Exchange – Daily Market Update

Date: 29 September 2025

Market Overview

• Indices: Nifty opened flat at 24,850, consolidating as investors weigh global trade and tariff cues.

• Sentiment: Mixed, with selective buying in IT and energy; profit-booking seen in FMCG and auto.

• Macro Pulse: Rupee steady at 88.74/USD; bond yields hovered at 7.15% as inflation concerns ease.

Sector-Wise Highlights

1. IT & Technology

• Accenture Earnings Impact: Global brokerages highlight steady demand; AI bookings remain resilient.

• TCS/Infosys: Focus on BFSI client demand; expect muted Q2 commentary.

• Investor Insight: Selective accumulation in large-cap IT; mid-tier may see pressure if global demand slows.

2. Automobiles

• Tata Motors: JLR cyber recovery continues; logistics fully restored.

• Maruti Suzuki: Invicto SUV achieved 5-star Bharat NCAP safety rating.

• Investor Insight: Strong safety ratings improve premium perception; EV announcements remain key driver next quarter.

3. Energy & Power

• NTPC Green Energy: Commissioned 25 MW solar project in Gujarat.

• JSW Energy: Appeal filed before SC against APTEL order.

• Investor Insight: Renewable project execution adds visibility;
utilities remain defensive bets amid global volatility.

4. Infrastructure & Construction

• Ceigall India JV: Rs 509.2 Cr road project at Aerotropolis, SAS Nagar.

• Kalpataru Projects: Arbitration dispute settlement supports balance sheet clean-up.

• Investor Insight: Infra order book expansion continues; investors should watch execution pace.

5. Industrials & Manufacturing

• RITES: $18 mn South Africa order for diesel-electric locomotives.

• Supreme Petrochem: ABS capacity expansion (70,000 TPA) at Maharashtra plant commissioned.

• Investor Insight: Export-driven orders positive; industrials gaining momentum on global demand recovery.

6. Consumer & Retail

• Avenue Supermarts: Store count rises to 430 with new Andhra Pradesh outlet.

• Carysil: Clarified no new QIP; expansion funded via earlier proceeds.

• Investor Insight: Retail expansion remains strong, but consumer sentiment cautious due to inflationary pressures.

7. Pharmaceuticals & Healthcare

• Zydus Lifesciences: Tax demand of Rs 35.9 Cr dropped by authorities.

• Jeena Sikho Lifecare: New hospital launched in Raigad, Maharashtra.

• Investor Insight: Positive for domestic hospital chains; regulatory clarity boosts pharma sentiment.

8. Financials & BFSI

• IIFL Finance: Board approved private placement issue up to Rs 500 Cr.

• PSU Banks: MOSL expects 1% RoA sustainability; SBI, PNB, Indian Bank top picks.

• Investor Insight: Banking sector remains strong on credit growth; PSU banks benefit from stable liquidity.

Global Developments

• US Markets: Dow -174, Nasdaq -114; weak tech sentiment weighs on Indian IT ADRs.

• Crude Oil: Brent steady at $69.42/bbl; supply fears balanced by softening demand outlook.

• Currencies: Yen weak at 149.9/$; INR stable at 88.74/$ supports Indian exporters.

Regulatory & Policy Updates

• DGTR: Anti-dumping probes on chemicals and pharma imports continue.

• US Tariffs: 25–50% duties on select industrial and consumer goods remain key risk for exporters.

• Investor Insight: Indian exporters in chemicals, pharma, and furniture may face margin pressures; diversification essential.

Investor Outlook

• Positive Bias: Renewable Energy, Industrials, Select BFSI, IT leaders.

• Caution: Export-linked FMCG, Mid-cap Auto, Consumer durables exposed to tariffs.

• Strategy: Prefer large-caps with earnings visibility; hedge with defensives amid global volatility.