WEEKLY TRENDSETTER (MARCH 28,2025)
| 2025 | MARCH 14 | MARCH 21 | Ch % |
| NIFTY | 22397 | 23350 | +4.26 |
| BANK NIFTY | 48060 | 50593 | +5.27 |
| USD/INR | 86.94 | 86.02 | -1.06 |
MARKET REVIEW-The week began on a steady note but gradually gained momentum. By end of week the Nifty had risen 950 points and the broader market also sizzled as lower levels saw strong buying s also returned to buying mode which boosted confidence. Fall in crude prices and the weakening of the dollar also aided sentiments.
INTERESTING CUES
Ceat targets premium segment –Volatility in rubber prices and subdued margins is forcing the company to reinvent itself and upgrade to a premium segment. A new range of tyres under its SportDrive brand was launched last week which will focus on luxury sedans and sports utility vehicles (SUV). This premium segment is expected to contribute more than 30% of its passenger car radial sales in the next 3-5 years. Currently this segment constitutes 8-10% of the domestic market.
Warehousing sector transformation
Once it was considered a passive storage function, it is now the nerve centre of supply chain. It determines how efficiently goods move and how quickly deliveries happen cost effectively. Between 2016-23 demand for A grade warehouses saw demand growth at 24% CARG.This is expected to accelerate with the growth of e-commerce and quick commerce. The demand is expected to be higher in emerging metros like Surat, Indore and Lucknow. Real estate developers are creating new age multimodal logistic hubs, while private capital is betting big on industrial real estate.
NIFTY –The index surged past 23000 on short covering and towards end of week the IT sector also saw some resurgence. The index approaches a strong resistance at 23500. Consolidation around 23000 is expected before a final thrust towards 24000 before the end of the financial year.
BANK NIFTY-The banking counters saw a change in mood and the private and PSU banks participated in tandem which pushed the index swiftly past 50000.New leadership is emerging in Kotak Bank which saw strong buying .The stock has been in a band of 1700-2100 for the last 4 years .The index is approaching the 200-dma at 50960.With expiry next week and heavyweight private banks in action a breach past this level could see the index nearing 52000.
STOCK PICKS
Chambal Fertilizer-(595)-The stock has exhibited huge volatility but has been one of the outperformers in the market. It touched an all-time high of 598 and looks poised for higher levels of 640-50 in the coming weeks. Levels of 580-90 should provide decent support.
Vedanta (467) –The stock has been on a strong momentum and been in the forefront of the metal sector which has been an outperforming the broader market in the past 2-3 months. Levels of 450-60 should provide good support and the stock could be expected to cross 500 in the coming weeks.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam