Market Bizzz

A Sebi committee has recommended delta-based position sizing for index derivatives, with proposed limits of ₹100 billion gross and ₹15 billion net per firm, aiming to better align risk with actual market exposure.

Tensions have escalated sharply after India conducted precision missile strikes on May 6–7, targeting and destroying nine terror camps in Pakistan and Pakistan-occupied Kashmir. In response, Pakistan has carried out unprovoked shelling along the Line of Control, resulting in the deaths of at least 16 civilians.

The closing prices of four stocks from the Nifty500 pack rallied over 0.15% relative to the VWAP.

​Our view is that probably the worst of the tariffs we saw on April 2nd and from here tariffs are going to get a little more sane. We will see a lot of deals happening and so maybe four months later we will find that the tariff is not as bothersome, but in spite of that probably you are seeing a global economy which is going to slow down.

Coal India shares: Revenue from operations for the January–March 2025 quarter declined slightly by 1% to Rs 37,825 crore, compared to Rs 38,213 crore in the same period last year.

Dabur’s Q4FY25 consolidated net profit witnessed an 8% YoY decline, reaching Rs 320 crore, while revenue from operations saw a marginal increase of 0.6% to Rs 2,830 crore. The company declared a final dividend of Rs 5.25 per share.

Vallabh Bhanshali of Enam Group highlights India’s strong economic outlook amidst global volatility. International bodies acknowledge India’s growth in services and manufacturing. Bhanshali notes India’s strategic diplomacy, particularly concerning Pakistan and Afghanistan. He emphasizes India’s focus on democracy and long-term relationships. The market reflects both global uncertainties and India’s growing confidence.

News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence in the dollar and U.S. markets. Fed Chair Jerome Powell was expected to say more data is needed before deciding the U.S. central bank’s next move.

Indian Armed Forces initiated Operation Sindoor, targeting terrorist infrastructure in Pakistan and PoK in response to attacks planned against India. The operation involved coordinated efforts from the Army, Navy, and Air Force, striking nine terror-related targets using precision munitions. The Ministry of Defence emphasized the operation was focused, measured, and non-escalatory, with no Pakistani military facilities targeted.

Aniruddha Naha of PGIM India Asset Management suggests opportunities in small and microcaps with cleaner balance sheets, highlighting capital goods and agrochemicals due to completed capex and normalizing inventory. He remains positive on pharma despite tariff concerns, anticipating the financial sector’s potential. Naha favors discretionary consumption, particularly music and liquor, while cautioning on travel and tourism valuations.