Indian Equities Rebound Amid Selective Buying; Telecom Tower & Waste Management Sectors Show Promise....

Key Highlights:

1. Indices Performance:  

   - Nifty 50: +105.10 pts (0.45%) at 23,591.95.  

   - Sensex: +317.93 pts (0.41%) at 77,606.43.

  - Broader Markets: Mid-Cap (+0.46%), Small-Cap (+0.90%) outperformed, but market breadth was negative (1,699 advances vs. 2,349 declines).  

2. Sectoral Moves:  

   - Financials & Infrastructure drove gains (Bajaj Finserv +3.23%, L&T +1.76%, HDFC Bank +1.07%).  

   - Auto Sector fell (-1.04%) due to U.S. tariff worries (Tata Motors -5.47%, Sona BLW -6.20%).  

The renewed optimism in the market is attributed to the return of foreign institutional investors (FIIs), who have invested over ₹21,000 crore in Indian equities over the last five sessions, further boosting momentum.

3. DII and FII Activity:  

   - Sustained buying with ₹21,000 crore inflows in 5 sessions, supporting bullish sentiment. 

     - Yesterday Foreign Investors (FIIs/FPIs) were aggressive buyers, pumping in a net ₹11,111.25 crore (Buy: ₹31,783.75 cr, Sell: ₹20,672.50 cr) - their biggest single-day infusion this month  

- Domestic Institutions (DIIs) continued supporting the market with net purchases of ₹2,517.70 crore (Buy: ₹39,853.05 cr, Sell: ₹37,335.35 cr)  

- Combined institutional flows totaled ₹13,629 crore, providing strong liquidity support.

Key Market Indicators:

🌡️India’s 10-Year Bond Yield: Rose 1.50% to 6.701%

🌡️Rupee vs. Dollar: The rupee weakened to 85.7750, down from 85.7000

🌡️Gold (MCX Futures - Apr 2025): Up 0.81% to ₹88,360

🌡️Brent Crude (May 2025): Down $0.12 (0.16%) to $73.79 per barrel

🌡️US Dollar Index (DXY): Down 0.08% to 104.47

🌡️US 10-Year Bond Yield: Up 1.31% to 4.395%

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Nifty Outlook for March 28, 2025:  

- Resistance Levels: 23,800 (immediate), 24,000 (psychological hurdle).  

- Support Levels: 23,400 (critical downside support; hold for bullish bias).  

- Global Cues: U.S. auto tariffs may weigh on sentiment (S&P 500 -0.3%, Nasdaq -0.5%).  

Strategy: Watch for breakout above 23,800 with volume confirmation. Avoid aggressive bets if Nifty fails to hold 23,400.  

Global Markets Overview:

🧨European stocks declined after President Trump warned of higher tariffs on EU and Canada if they retaliate against U.S. trade measures. Investors also reacted to new automotive tariffs imposed by the U.S.

🧨Asian markets ended mixed as concerns over the 25% U.S. auto tariffs loomed. Japanese automakers saw sharp declines, given their heavy dependence on the U.S. market.

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Stocks In Focus:

💢Tata Motors (-5.47%); Slumped after Trump’s 25% import tariff announcement. While Tata Motors itself does not export directly to the U.S., its subsidiary Jaguar Land Rover (JLR) has a strong presence there.

🌡️Nifty Auto Index: -1.04%.

🌡️Sona BLW: -6.20%.

🌡️Eicher Motors: -1.04%.

🌡️Mahindra & Mahindra: -0.3%.

💢Ashok Leyland (-2.77%):

Hinduja Group pledged 30 crore shares of Ashok Leyland. The total promoter stake pledged now stands at 25.59%.

💢TVS Motor (+0.96%):

TVS Motor (Singapore) acquired an additional 30% stake in EBCO for £60,000.

💢Wipro (+1.80%):

Won a £500 million, 10-year strategic deal with Phoenix Group (UK) to accelerate operational transformation.

💢Quadrant Future Tek (+3.81%):

Won a ₹155.93 crore contract from RailTel Corporation for Kavach system supply.

💢Bharat Forge (-2.30%):

Signed a ₹6,900 crore defense contract to supply 184 ATAGS artillery systems to the Ministry of Defence.

💢Sector Spotlight: Positive Developments💢

1. Telecom Tower Sector (5G Rollout Boost):

- Government Push: New infrastructure policy aims to double telecom towers to 1 million by 2027 to support 5G expansion.  

- Independent telecom tower companies are projected to invest approximately ₹21,000 crore over the fiscal years 2025 and 2026. This substantial investment aims to enhance rural network coverage and improve service quality in urban areas, supporting telecom operators' expansion plans. 

- Bharti Airtel and its unit, Bharti Hexacom, prepaid ₹5,985 crore to the government on March 26, 2025 to fully clear their liabilities from the 2024 spectrum auctions.

2. Waste Management (Circular Economy Focus) 

-  Plastic Waste Rules 2025: Stricter EPR (Extended Producer Responsibility) norms to boost recycling demand.  

-  Swachh Bharat 2.0: ₹12,000 crore allocated for smart waste plants.

#Yesterday, the stock of Swan Energy Ltd (Rs.443) fell to Rs.421.10 during intraday. I believe smart investors have either increased their holdings or averaged, making use of this golden opportunity. In 2023, many of the Financial Dailies have given a target 🎯 of Rs.5000 for the scrip in the next 2 - years. It is a huge company, and I had already written a report on for my blog. You should therefore use every dip to increase your holding. Remember, all the reputed investors starting from Warren Buffet to Rakesh Jhunjhunwala made big only in a few stocks.

💢Swan Energy Ltd (₹443) – The Sleeping Giant💢

Yesterday, Swan Energy Ltd plummeted to ₹421.10 intraday, creating a golden buying opportunity for smart investors. Those who understand the game have either averaged or increased their holdings. After all, multiple financial dailies in 2023 projected a ₹5000 target for the stock within two years. This isn’t some small-cap gamble—it’s a huge company, and I’ve already analyzed it on my blog. Every dip should be seen as a blessing in disguise. Never forget—Warren Buffett and Rakesh Jhunjhunwala built their wealth by betting big on a few solid stocks.

💢A2Z Infra Projects Ltd (₹14.10) – Operators at Play:

This turnaround Telecom Tower & Waste Management stock hit the lower circuit today. Why? Operators are at work. No logic, no fundamental reasoning—just pure manipulation. My advice? Fresh entry only above ₹15.20. If you’re already in, hold with a strict SL at ₹13.70.

💢Marshall Machines Ltd (₹11.31) – Rights Issue Dumping?💢

It’s obvious—Marshall Machines Ltd is seeing a sell-off from rights issue shares. The company’s 2023 rights issue was at ₹44.8 per share, offering 7 shares for every 10 held as of the September 29, 2023 record date. The issue ran from October 11-19, 2023. Surprisingly,  the stock has been stuck in the T-group for months. Any answers? Nope. 

Ask the BSE/NSE surveillance departments, and you’ll get radio silence.

💢Stock Market Shenanigans: BSE/NSE’s Dysfunctionality Exposed...A Hotbed of Selective Inaction..💢

The sheer hypocrisy of the BSE/NSE is appalling. If a stock hits the upper circuit continuously, exchanges immediately send queries to the company. But when a stock hits the lower circuit every day, without any company disclosure, they sit quietly. Where’s the so-called investor protection? What exactly do these exchanges exist for? Oh yes—to collect money by fining errant companies.

But here’s the million-dollar question: How do companies even manage to commit fraud?

Simple—because of the stock exchanges’ lopsided, broken system. Every time a new chairman takes over at SEBI, retail investors hope for change. And yet, nothing changes.

Where Are the Checks and Balances?

🔴 Fake Company Addresses: Stock exchanges don't bother verifying company addresses. If an individual investor can do it, why can’t they?

🔴 Fraudulent Phone Numbers: Companies submit fake or disconnected numbers in official PDFs. This farce goes on for years, while SEBI beats its chest about "disclosure norms." BSE/NSE doesn’t question this—until a scam like Debock Industries Ltd (₹2.10) explodes. Then they start shouting and fining the company. But tell me, what does a fine do for a retail investor? NOTHING.

🔴 Zero Response from Management: I’ve been waiting for over six months for a response from MEP Infrastructure Ltd (₹1.31). The stock is in free fall, hitting lower circuits daily. Any explanation from the company? Silence. Any intervention from exchanges? Nothing.

🔴 No Real-Time Disclosures: We hear about Rajesh Exports Ltd (₹195.52) and its Lithium-ion battery plant from media reports, not from official filings. Investors have no clue about the progress of the lithium ion battery plant except those sporadic source based news from the media. The retail investors can't even verify them because the companies normally don't respond to email queries. Stock exchanges don’t even ask.

This is Narendra Modi’s much-advertised ‘corruption-free India’—where manipulation thrives, fraudsters run amok, and retail investors are left holding the bag.

Even after such dismal management of the stock exchanges, the indices are rising then we might talk about the resilience of Indian investors/traders. They have probably taken it for granted that the things will remain same, regardless of which political party is at the cockpit of power.