- 2 days ago
Hospital stocks are in focus today after the government announced the biggest revision in Central Government Health Scheme package rates in 15 years. The new rates, covering nearly 2,000 medical procedures, will come into effect from October 13, 2025.
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00:00All right, good morning and welcome to market opening on our brand new collab show between
00:20Business Today and India Today TV.
00:22It's just after nine and we're here to get you ahead of the curve as markets kick off
00:26trading for the day.
00:27Let's take a look at what's hot in the corporate and financial space this morning.
00:32Asian markets climbed to record highs.
00:35Japan's Nikkei rallies after a pro-stimulus lawmaker is elected the new prime minister.
00:41Gold crosses the $3,900 per ounce level for the first time ever.
00:46Shutdown of the U.S. government doesn't bother investors much with U.S. futures up again.
00:51It promises to be an action-packed week with a humongous 33,000 crore rupees being raised via IPOs.
01:01The 15,000 crore plus Tata Capital public issue opens today with the LG Electronics issue opening tomorrow.
01:09Canara Rebecca, AMC, to also hit the street.
01:12IPO details to be announced this afternoon.
01:14Survey claims benefits of GST rate cuts are still not reaching the consumer.
01:22Only 1 in 10 consumers surveyed confirm receiving full benefit in packaged foods and medicines, while 20% receive partial benefits.
01:31The survey says retailers are reluctant to sell at lower prices without manufacturers making up for their losses.
01:37Civil aviation regulator says it's maintaining a rigorous oversight on air ticket prices during the festive season.
01:47DGCA gets the airlines to add around 1,750 flights to meet the surge in festival demand over the next few weeks.
01:58The 14th round of India-European Union free trade agreement talks in Brussels from today,
02:04efforts to resolve deadlock on auto tariffs.
02:08EU also seeking access into Indian agri-markets, including wines.
02:13India wants concessions in labor-intensive sectors and EU's strict carbon tax laws.
02:24Alright, let's take a look at the overnight setup.
02:27A quick look at Wall Street and Asia this morning.
02:29As we mentioned, really not too much impact of the government shutdown on Wall Street overnight.
02:34And Asia this morning also looking good, especially on account of the elections in Japan.
02:40They're going to get their first female prime minister, pro-stimulus government coming in.
02:45And we are seeing a nice move up on the Nikkei this morning.
02:49So I'm going to jump straight to Asian markets from here to give you a sense of what's happening there.
02:534% up on the Nikkei and looking really good as well in the morning.
02:58Alright, in fact, we saw that move come in right after the election results, while markets remain closed today in Asia.
03:05Let me welcome in our guest this morning, Shailendra Patnagar, Chief Analyst and Editor of Markets,
03:09as well as Avinash Gorakhshakar, who's joining us this morning as well, an expert on the markets.
03:14Gentlemen, apart from what's been happening overnight on the global indices,
03:18gold, silver, platinum, copper, look at the precious metals.
03:22Gold has surged to $3,950 an ounce, silver is shining bright at $48, platinum also trading strong, record highs across.
03:31What's going on here, Shail?
03:36Very good morning to you, Abha, and to all our viewers.
03:40The risk on trade as far as precious metals is concerned is getting better and better.
03:46There is a talk of silver crossing $50 an ounce and, of course, the price of $4,000 per ounce for gold is also being talked about.
03:56Very simply, fresh rate cuts coming in from Western central banks and, of course, this geopolitical issue is creating some sort of uncertainty in the market
04:09and, therefore, the love for gold and silver continues unabated.
04:13But for Indian markets, two days of gains, which is Friday and Thursday, about 400 points added on the Nifty.
04:20I am looking for a positive opening as far as markets are concerned.
04:24$25,000 is a resistance for the Nifty.
04:28Metals, banks, oil and gas and, of course, some parts of Nifty are likely to do well in the market today, Abha.
04:36All right. We've got lots to track today as well.
04:40And, you know, we've got, of course, a good pickup in some of the markets in Asia.
04:45There's a Nikkei for you.
04:46So we've got, you know, China, Korea, of course, shut.
04:49But Nikkei up nice 4.5% this morning on the back of those election results.
04:54Avinash, good morning.
04:55We're tracking, of course, global markets and the uptick there.
04:58We're tracking metals and new record highs across.
05:01Even crypto, Bitcoin, we're seeing action on that front as well.
05:05So clearly, momentum seems to be picking up as we're counting down to Diwali.
05:10Yeah, good morning, Abha.
05:12I think on the metal side, you know, with a weak US dollar, I think metal stocks have gone up.
05:18And I think this trend will continue.
05:20I think one of the notable stocks which I think investors should look at is Hindustan Zinc.
05:24You know, with gold and silver prices moving up.
05:27Hindustan Zinc is one of the largest producer of zinc.
05:29You know, the third or the fourth largest global player.
05:32And I think every increase in the silver price is going to add to the profitability of the company.
05:37So I think, you know, even at these levels, somebody wants to take a positional call
05:41purely based on quarter two numbers and the kind of outlook the company will share going forward.
05:45It looks that silver is also going to touch new highs.
05:48So to that extent, I think Hindustan Zinc could be a good positional bet in the medium term.
05:53All right.
05:54Keep an eye on Hindustan Zinc as we head into trade today.
05:56And let's take a look at the index as well.
05:59We're just set for, looks like a moderate uptick, just about flat in the pre-open right now.
06:05But, you know, we have started to see that little bit of a pickup after we saw about eight, nine days of range month,
06:10slightly, you know, slight bit of profit booking.
06:13And then we saw two days of gain.
06:14So let's see how we shape up in today's trade.
06:16A whole host of counters in the news as well.
06:18Marico is seeing a consolidated revenue growth touching the 30s.
06:22And you're on your numbers coming in there, expecting modest operating profit growth.
06:27But she tells you, of course, of the underlying volume growth in that particular segment as well.
06:33We've got Kotok Bank with a Q2 update as well.
06:35Business growth there seems to be ahead of expectation.
06:38Casa growth is continuing to improve on that front as well.
06:42It's improved to 11.2%.
06:43So that's looking good.
06:45HDFC Bank gross advances as of end of September are up 9.9%.
06:49So a couple of these banking names out with updates.
06:52And we'll also talk about Shobha.
06:53Great story there.
06:54Total sales area that's in the real estate space up 50%.
06:58And sales value up 61%.
07:01And the first half sales value up 30%.
07:04Close to 4,000 crores there.
07:06So lots of news makers in the markets today.
07:08I'm going to continue to run through this just until we hit the opening bell.
07:11And then we'll get some perspective from our experts as well on some of these names.
07:16Kalyan Jewelers, they've seen consolidated revenue growth at approximately 30% year-on-year.
07:21India Ops revenue growth of approximately 31% year-on-year as well.
07:25So looking good across in terms of some of these quarterly updates coming in.
07:29FSN e-commerce as well.
07:30It's seen accelerated growth momentum in Q2.
07:33And in fact, consolidated GMV growth is expected to be close to 30s compared to mid-20s in the last few quarters.
07:42So a lot of positive indicators at least coming in across some of these segments on the kind of growth momentum that they're seeing this past quarter at least.
07:52So we'll keep an eye on some of those.
07:53There we have it.
07:54Counting down to opening bell.
07:56Keep an eye on some of those counters affected, of course, by the rising metal prices.
08:01Hindustan Zinc will be in focus.
08:03We'll continue to keep an eye on financials.
08:05And, of course, a whole host of pockets which will be affected by festive momentum.
08:10Nifty's just flat on opening right now.
08:12Let's pull up some of the gainers and losers for you.
08:14See where the action is this morning.
08:16Banks steady this morning, up about 0.5% on the Nifty Bank as we've hit opening trade.
08:22Apollo Hospital's looking good.
08:23And we've seen some amount of traction in hospital stocks.
08:27Keep an eye on those given that the government has revised package rates for procedures under CGS Chess.
08:33And I'll talk more about that later.
08:35Financials clearly looking good.
08:36Tech Mahindra, Tara Motors on the gainers list this morning.
08:40Let's pull up some of the other trending stocks.
08:43Let's also look at what's on the downside as well.
08:45What's keeping the pressure on the index.
08:47Indicent Bank, one of the anomalies there from the banking space.
08:51Otherwise, you've got Grassim, Power Grid, Nestle and Tatara Steel.
08:56Some of the names on the downside this morning.
08:58Shail, what are you tracking on opening?
09:04Abhay, it's a muted start.
09:05But banks, banks and banks all the way.
09:08Led by HDFC Bank and ICICI today.
09:11HDFC Bank is contributing 15 points to Nifty's total of 15-point gain.
09:18And that's because Bernstein has come out with a report putting in a target of 11.50 from 9.71 today.
09:27And apart from that, you have hospitals, as you mentioned.
09:30Fortis, MaxHealth, Apollo are top three gainers in the FNO space.
09:35It's looking good.
09:37Alright, let's talk more about the news in the hospital space.
09:39The 25% hike could mean about a 2.5% revenue lift and 10% impact on EBITDA growth.
09:47So, hospitals with high exposure to government schemes, they were likely to benefit.
09:51We're already seeing the result coming in on some of those hospital stocks.
09:54As well as keep an eye on Yatharth, Narayana Health.
09:57Some of these will also see an impact on revenue.
10:00Avinash, I want to get your perspective on some of the hospital stocks as well.
10:03No, I think this is definitely a positive move.
10:07And I think as you mentioned, you know, larger players like Apollo, Fortis, Narayana Health Care,
10:12even the smaller ones like Yatharth Hospital, which is based in North India.
10:16I think all these hospital stocks would be in limelight today.
10:19I think overall, you know, this is an interesting space because the government's focus on health care is also increasing.
10:24And most importantly, specialty hospitals are going to gain more further traction
10:28because for them, the specialty business is going to, you know, deliver a better margin picture.
10:33So, I think, you know, investors should look at this as a very long-term portfolio kind of choice.
10:38Any dip in the market or, you know, if the market is flattish today,
10:41considering the large IPOs which are expected in the coming week,
10:44I think would be a good opportunity to accommodate these companies
10:47because quarter two is also going to be a much stronger quarter as compared to the first quarter.
10:51So, I think definitely we are structurally positive on the hospital stocks.
10:56Okay, we'll keep an eye on those hospital stocks this morning.
10:59But talking about IPOs, I do want to talk through all the action expected this week.
11:04A lot of companies gearing up to mobilize a whopping 33,000 crores through public issues.
11:10The lineup begins with WeWork India opening its 3,000 crore issue from October 3rd to 7th.
11:15Then comes the big one, Tara Capital, eyeing 15,511 crores between 6th to 8th.
11:21And close behind, LNG Electronics is set to raise 11,607 crores.
11:27Then we have Anantam Highways, Canra Rebeco, Rubicon Research.
11:30They'll all collectively add nearly 3,000 crores to total mobilization
11:35and will, of course, be bringing you all the latest across these major issues this week.
11:39Avinash, are you also of the opinion that markets may see a lot of action move to
11:43some of these primary issues and take away from the secondary markets?
11:47Or are you also looking at these as some attractive opportunities?
11:52No, I think clearly, you know, I think the primary market paper supply has been very huge
11:57and that is probably going to put some pressure on the secondary market.
12:00Typically, you know, what we see is investors sell in the secondary market
12:04and apply in the primary market.
12:05I think LNG should be a very interesting bet,
12:08although the fact is that it's a complete OFS offer.
12:11But I think if you look at the fundamentals of the company,
12:13it's a debt-free business, a very strong brand franchise in the consumer durable space.
12:18So I think, you know, probably this could be a very good long-term bet.
12:21As far as Tata Capital is also concerned, you know, listing gains may not happen.
12:25But I think typically one looks at the longer-term picture.
12:28Tata Capital also provides a good value for opportunity for long-term investors.
12:33And I think investors should look at these kind of IPOs, you know,
12:36from a slightly long-term perspective.
12:37I think listing gains may not happen, but at least from a long-term perspective,
12:41good value can be made.
12:43All right.
12:44Come back and talk about a little bit more on those housing stocks,
12:47but I want to go across to Shell for a moment just to see what else is standing out in the broader markets.
12:51Shell, what are some of the other buzzers you're noticing on your screen?
12:57Abha, I think a lot of action is on the metal space.
13:01Look at manganese ore.
13:03It's now at a fresh intraday high.
13:07400 for you.
13:09There is Hindustan Copper 1.7% higher.
13:13As Avinash had mentioned, Hindustan Zinc doing pretty well.
13:17You have a strong move coming into Vedanta, 471.65.
13:23And of course, no stopping Sriram Finance, remember?
13:26Last week, there was this news of a major buyout happening by a Japanese global financial giant MUFG into Sriram Finance.
13:36So, that's doing pretty well.
13:38Overall, the market is in reasonably good shape.
13:431,402 shares in the green, 900 in the red.
13:46And of course, you have the financial services index, the IT index, PSU banks doing well, mid-caps in top form.
13:56Profit booking on the side of auto and pharma.
13:58Auto is expected.
13:59We had a very sharp run-up in late September that's getting transported into profit booking.
14:08So, this is how it is at the moment, Abha.
14:11All right.
14:12Aviation also in focus this morning.
14:14Indian Airlines to add more than 1,700 flights to meet the festive rush.
14:19Let's go across to Karishma for more on this.
14:22The DGACA recently announced that it's going to be keeping a rigorous oversight of air ticket prices as well and monitoring capacity.
14:31Karishma, take us through what the announcement is and what you've picked up,
14:34how it's likely to impact what we see in terms of flights this season.
14:40Abha, very good morning to you.
14:41So, the announcement by Ministry of Civilization, DGCA, comes in the backdrop of usually it's procedural that during festive season,
14:50we see a shot in demand and higher air phase.
14:54And that is because of the fact that a lot of people want to get back to their homes for the weekend, for the Diwali season,
15:02and, of course, for the wedding season.
15:04Now, while let's put into the obvious fact that prices cannot be regulated by DGCA,
15:11they, of course, can push the airlines to ramp up their capacities and come up with additional flights in order to settle down the impact of airfares.
15:21However, there could be certain key routes like that of Bombay Delhi, say, Bombay-Hajibad, Delhi-Hajibad, or Bombay-Bangalore,
15:29the most tier one cities, especially where a lot of young people are working for their jobs.
15:36Those routes could still see an impact with higher airfares, while demand with the regional connectivity,
15:45especially by Indigo, which is going to deploy close to about, say, 750 additional flights, could actually stabilize the prices.
15:52All right. Thanks for that, Karishma.
15:56That's the news on the aviation front.
15:59Keep an eye on some of those counters, but also on your flights as you book to go home this Diwali.
16:05I want to get back to some of the other stocks in news.
16:08Shobha, Avinash, I want to get your view on that, because sales numbers look phenomenal for the counter.
16:13Shobha developers' sales area up 50%, sales value up 61%, and in the first half itself up 30%.
16:22Very solid, Abha. I think in terms of pre-sales, in terms of the overall outlook for the real estate market,
16:29I think typically real estate takes off in the second half of every financial year.
16:33We should be seeing good amount of festive sales even in the third quarter.
16:37And I think, you know, Shobha operates in the corporate market, especially Bangalore.
16:41They have now diversified to other states, but I think clearly Bangalore appears to be a promising market for them.
16:47I would not be surprised that compared to last year, this year would be a much better year in terms of both income
16:52as well as profitability.
16:53So I think, hopefully, if we get the stock at a lower level, I think it could be a good opportunity to accumulate.
16:58But definitely, I think we are structurally positive, yeah.
17:01Okay. What's your view on some of the FMCG names, Avinash?
17:04Because, you know, in terms of the update coming in from Marico,
17:07consolidated revenue growth is touching the 30s, even though they're still seeing some incremental pressure
17:12on gross margins, which they expect to ease off in the second half.
17:16If this is an indication, perhaps, of what we may see overall in the sector, what's your view on some of this outlook coming in?
17:22No, I think my guess is, see, Marico has given a very positive outlook, but across the FMCG value chain,
17:29I think you're going to see a better volume number in the third quarter.
17:33The GST cuts are going to be fully reflective in the third quarter.
17:36And I think once volume growth picks up to, like, 7-8%, that is definitely going to be a trigger point which the markets are going to watch.
17:43So I think, you know, players like Lever, you know, Daber, Marico, Godrej, Consumer, these could be interesting bets.
17:50But I think the market would obviously look at what kind of commentary comes the quarter-2 numbers.
17:54I think volume growth of 7-8% is definitely a very big positive indicator that the industry will now be looking at stronger growth going forward.
18:02All right, we also have a query coming in this morning.
18:07Satyam Chohan from Pune has said that after the revamp of CGHS, where should I invest apart from hospitals?
18:14Will diagnostic sector also benefit from this move?
18:17Avinash, you want to answer that or take that question for Satyam?
18:22I think, see, from a longer-term perspective, my sense is that, you know, autos and auto components, you know,
18:29I think this is one sector which has underperformed for the last three to four years.
18:32You're going to see a big bounce back in demand.
18:35Already we have seen record numbers in the month of September for, you know, companies like M&M, Maruti, or for that reason, Hyundai.
18:42I would say that, you know, these are very good bets if one takes a longer-term view.
18:45But yes, the auto component companies like Unomenda or maybe Sundaram Fastener or typically even a Jamna Auto, you know,
18:53all these which are catering to the domestic player are definitely going to get a significant positive rub-up.
18:59So I think auto component looks interesting if the investor has a time frame of 12 to 15 months.
19:05All right. Thanks for that, Avinash.
19:07Let's also pull up Nika or FSN e-commerce because, again, on the Q2 update, the gross momentum that they've highlighted,
19:14I think the stock is moving up this morning.
19:17Shell, also want to come to you in terms of some of the other movers you're spotting.
19:20But Nika at least is looking pretty strong today.
19:23Absolutely, Abha.
19:28And it's the entire consumer space and the consumer financing space that's doing pretty well.
19:35Look at how Bajaj Finance is moving.
19:37Look at how changes are happening in mid-cap, you know, companies in the NBFC space, CGCL, to point out.
19:48A very strong move there because the festival season is an on-way.
19:52And you will see a lot of financing deals coming your way.
19:56So, 1,007 for Bajaj Finance on the screen.
20:01Poonawala Finance, fresh record high, 548.
20:04A strong move coming into CGCL, which was earlier Capri Global.
20:08So, these are the companies that are doing pretty well at 9.27.
20:12And one very, very quick view on the new highs that have come into the market at this point of time.
20:20You have Fortis from the hospital space.
20:23Muthoot Finance from the gold space.
20:26Indian Bank from the banking space.
20:29AB Capital and L&D Finance.
20:31Abha.
20:31All right, Shail, Avinash, thanks so much for joining us this morning and taking us through the Monday Morning Trends as well as Outlook.
20:39Lots coming up this week as well.
20:4233,000 crore rupees being raised by six main board IPOs.
20:47Keep an eye on that.
20:48TCS will be kicking off earnings season as always on October 9th.
20:52That's the big one that we'll be tracking there.
20:54US FOMC Meet Minutes will be released on October 8th.
20:58And the much-awaited Navi Mumbai Airport will be inaugurated on October 8th.
21:03Also, the UK Prime Minister Keir Starmer will be visiting India on October 8th and 9th.
21:09So, event-heavy week and we'll, of course, be top of all of that for you.
21:12Thanks so much for watching.
21:14Do stay tuned.
21:14We'll continue to track the market closing action for you as well at 3 o'clock.
21:18That's all from me for now.
21:20Thanks for watching.
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