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Mon, 29 Apr 2024

Global Indices As of Today at 7:17 am in the Morning

Name LTP Change Change %

GIFT Nifty Asia 22,656.0 +66.0 +0.29%
Dow Jones US 38,239.66 +153.86 +0.40%
Nasdaq US 15,927.90 +316.14 +2.03%
S&P 500 US 5,099.96 +51.54 +1.02%
Hang Seng Asia 17,750.00 +98.85 +0.56%
Nikkei 225 Asia 37,943.50 +315.02 +0.84%
KOSPI Asia 2,678.70 +22.37 +0.84%
FTSE 100 Europe 8,139.83 +60.97 +0.75%

Indian Indices As of Most Recent Market Close

Sensex 73,730.16 -609.28 -0.82%

Nifty 50 22,419.95 -150.40 -0.67%
Nifty Bank 48,201.05 -293.90 -0.61%
India VIX 10.9250 +0.1950 +1.82%

Pre-Market Pulse www.premarketpulse.com 01

Market Bulletin
Indian stock markets, the Sensex and Nifty 50, are expected to
open in green

The Nifty recently experienced a drop, ending a five-day gain

streak and falling below 22,400

U.S. stock markets ended higher, influenced by strong tech

earnings and moderate inflation data

Asian markets are on the rise as traders anticipate the

upcoming Federal Reserve meeting

HCLTech's fourth-quarter net profit saw a marginal increase,

with a slight miss on revenue expectations

ICICI Bank's net profit for the last quarter jumped by 17%,
aligning with market estimates

Yes Bank's net profit soared by 123% for the last quarter, with
improved asset quality

RBL Bank reported a 30% increase in net profit for the last
quarter

The US dollar showed slight weakness, while crude oil prices

fell due to U.S. inflation data affecting interest rate cut
prospects

Foreign institutional investors sold off shares, whereas

domestic institutional investors increased their investments on
the last trading day reported

The NSE has retained Vodafone Idea to the F&O ban list for
April 29.

Pre-Market Pulse www.premarketpulse.com 02

Technical Analysis

50
Nifty

The Nifty 50 showed some nervousness with the formation of a

dark cloud cover pattern on the daily charts as of April 26,

signaling potential caution

Key support for the Nifty 50 is at 22,300 points, and resistance

is at 22,600 points, with a further potential rise to 22,800 if

this resistance is overcome

Short-term trends indicate a possible downward reversal after

failing to sustain gains above crucial levels.

Bank Nifty

Bank Nifty declined after a series of gains, showing a bearish

candlestick pattern but maintaining above key moving

averages

Significant support is at 48,000 points, with pivotal levels

around 47,500. A breach below these levels could lead to

further declines

Resistance is noted at 48,255 and 48,689 points, with

potential challenges to upward momentum.

Pre-Market Pulse www.premarketpulse.com 03

 Nifty Call Options Data
The highest Call open interest is at the 23,500 strike,
suggesting strong resistance at this level

There is considerable Call writing at the 23,000 and 23,200

strikes, indicating expectations of limited upside beyond these
levels.

Nifty Put Options Data

The highest Put open interest is at the 21,500 strike, indicating
strong support at this level

Significant Put writing at the 21,800 and 22,200 strikes

suggests building support levels, which could stabilize the Nifty
above these points.

Technical Analysis Source:

https://www.moneycontrol.com/news/business/markets/trade-setup-for-
monday-15-things-to-know-before-opening-bell-25-12709927.html

Pre-Market Pulse www.premarketpulse.com 04

Key Stocks to Watch
ICICI Bank: Net profit at ₹10,757.5 crore exceeds estimates. Net
Interest Income at ₹19,092.8 crore, Gross NPA at 2.16%, Net NPA
at 0.42%. Slippages at ₹5,139 crore. Management discussing IT
infrastructure with RBI and expects Net Interest Margins to stay
rangebound. Received NCLT email about ICICI Securities delisting
application

Maruti Suzuki: Net profit at ₹3,877.8 crore, missing estimates with

a margin of 12.2%. Dividend declared at ₹125 per share, profit
growth at 47.8% year-on-year

HCLTech: FY25 revenue growth guidance at 3-5%, below

estimates. EBIT margin at 17.6%. Management cites back-ended
growth guidance and impact from a large offshore project and
statestreet BPO JV exit

IDFC First Bank: Targets 1.4% to 1.5% RoA in 2-3 years. Q4 seen as
most profitable in FY25. FY25 loan growth expected between 22%
and 23%. Gross NPA improved to 1.88%

Yes Bank: Tax write-back of ₹20.3 crore, lower provisions, but high
write-offs. NIMs at 2.4%, a nine-quarter low. Gross NPA improved
to 1.7%

RBL Bank: Strongest operating profit growth in 21 quarters. Gross

and Net NPA lowest in 13 quarters. High RoA and RoE. Net profit
slightly higher than expected

L&T Finance: Net Interest Income at ₹1,909 crore, below estimates.

Net profit at ₹554 crore, also below estimates. Disbursements up
24.8% year-on-year

Aditya Birla Sun Life AMC: Quarterly Average AUM up 6.5%

sequentially. Revenue up 7% sequentially, net profit flat but above
expectations.

Pre-Market Pulse www.premarketpulse.com 05

SBI Life Insurance: Net profit up 4.4%, Annual Premium Equivalent
up 17.1%. Value of New Business up 4.9%, VNB margin at 28.3%

VST Industries: Net profit up 28.4% to ₹88.2 crore. Revenue up

22.4%, EBITDA margin at 25.6%. Dividend of ₹150 per share

Apollo Hospitals: Apollo HealthCo to raise ₹2,475 crore from

Advent. Plans to merge Keimed, targeting ₹25,000 crore revenue in
three years

SBI Card & Payment Services: Revolver rate improves, weak

business momentum. Net Interest Margin at four-year low, credit
cost at nine-quarter high

Sanghi Industries: Net loss reduced to ₹19 crore. Revenue up 26%

year-on-year. EBITDA at ₹58.6 crore

IRCON International: Secured order worth ₹1,198.09 crore from

East Coast Railway

Ajanta Pharma: Board to consider buyback of equity shares on May

2

Patanjali Foods: Proposal received to buy non-food operations

from Patanjali Ayurved

IREDA: Awarded "Navratna" status by the Department of Public

Enterprises.

Pre-Market Pulse www.premarketpulse.com 05

 FII were net sellers with total sales amounting to

FII
Rs -3408.9 on 26 Apr 2024

DII were net buyers with total sales amounting to

DII
Rs 4356.8 Cr on 26 Apr 2024

PCR of Indices
Indices PCR Change

Nifty 0.75 -0.21

Bank Nifty 0.82 -0.37
Fin Nifty 0.77 -0.41

A PCR above 1 indicates that the put volume has exceeded the call
volume. It indicates an increase in the bearish sentiment.



A PCR below 1 indicates that the call volume exceeds the put volume.
It signifies a bullish market ahead.

Pre-Market Pulse www.premarketpulse.com 06

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