WEEKLY TRENDSETTER (APRIL 25,2025)
| 2025 | APRIL 11 | APRIL 17 | Ch % |
| NIFTY | 22828 | 23851 | +4.48 |
| BANK NIFTY | 51002 | 54290 | +6.45 |
| USD/INR | 85.53 | 86.19 | +0.77 |
MARKET REVIEW-The truncated week was action packed as on one hand the tariff war between US-China continued while on the other hand corporate results for the March quarter started trickling in. The market mirrored the T-20 season as hefty gains were registered in both indices with Bank Nifty within touching distance of an all -time high.
INTERESTING CUES
Industrial towns attract investment in hotels
The hotel industry is in a sweet spot as spiraling land cost acts as a deterrent to new players entering the industry. Despite this marquee brands are moving to industrial towns to lead the next growth phase of the industry. Big hospitality brands like the Thailand based Dusit group, Sarovar Hotels and Treebo have set their sights on these so-called micro markets including Sriperumbudur, Bhiwadi, Nasik, Haridwar, Siliguri, Thrissur, etc. The Union government has identified 12 new industrial corridors and the service industry is thus finding confidence to take the plunge. These corridors, which includes the Dholera Special Investment Region part of the Delhi-Mumbai Industrial Corridor, are under the ~28,600 crore National Industrial Development Programme, which will enable the creation of greenfield smart cities of global standards. Experts say that the growth potential is immense and we are just scratching the surface.
Sugar output expected to show shortfall in the new season
The Indian Sugar Bio-Energy and Manufacturers Association (ISMA) has significantly reduced its final forecast for sugar production in the sugar year 2024-25, compared to previous projections.
ISMA now estimates that total sugar production will be 255 lakhs (LMT), which is a decrease of almost 10 LMT from last month’s projection. At the start of the sugar crushing season, the industry body had initially predicted around 280 LMT of sugar production. This higher estimate led the government to permit exports of 10 LMT. Additionally, the imposition of tariffs by the United States has resulted in turmoil in the global market and a crash in crude oil prices. This has reduced demand in the ethanol blending market, where sugar syrup is a key component.
NIFTY –The index has shown high volatility in the past few weeks. While 22000 held during the period, short covering has led to the index approaching 24000 by close of week. On one hand IT has been a drag while banking counters showed high resilience and have attract good buying. In the immediate short term 24000-24100 could act as a near term resistance as the 200-DMA lies in this zone. Global news flow continues to be dominant and caution is advised. Support around 23500 could be expected.
BANK NIFTY-The coming week will start on the back of results over the weekend from private majors HDFC Bank and ICICI Bank. The counters suggest underlying strength and the index should touch all -time high and cruise towards 55000 and above. On the lower side levels of 53000 should act as good support.
STOCK PICKS
GMR Airport-(86.50)-The stock has seen heavy buying in the past few weeks when markets have seen high volatility. It has breached the 200-dma level of 84 and any correction should see support emerging around these levels. Buying could be considered in the 83-85 range for a possible target of 92.
PFC (424) -The scrip saw a panic bottom of 369 before bouncing back. Levels of 410-415 would be ideal for buying for a possible target of 450 -60.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam