- 13 hours ago
The latest report from the Federation of Automobile Dealers Associations (FADA) shows historic sales during Navratri, backed by strong demand and the recent GST rationalisation. However, analysts believe that while the short-term growth looks impressive, the auto rally may soon stabilise as pent-up demand fades.
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00:00good morning and welcome to market opening on our brand new collab show between business today and
00:19india today television i'm sakshi patra it's 9am and we are here to get you ahead of the curve
00:24as the market starts the trading session yet again after claiming 25 000 mark in yesterday's trade
00:30first up let's take a look at what's hot in the corporate and the financial space
00:34tech stocks rally on the wall street after chat gpt maker open ai signs a deal to buy thousands of
00:45ai chips from amd amd shares jumped 24 in an explosive rally it is now worth more than coca
00:52cola or general electric tesla also rallies five and a half percent after it teases a new launch
00:59gold continues its climb to newer highs crosses the four thousand dollar level for the first time in
01:12the overnight futures trade on comics goldman sachs now sees it at forty three hundred dollars announced
01:17by the end of this year investors spooked by the u.s government shutdown and a political crisis in
01:23france bitcoin also trades over hundred and twenty five thousand dollars for the very first time
01:29tada capital issue has been subscribed 39 percent on the day one of we work sputters at just 13
01:40percent market is now gearing up for the eleven thousand six hundred crore rupees of lg electronics
01:47issue that opens today investors are also looking for the listing gains as two main board and five
01:52sme stocks also get listed on the stock exchanges sebi also clears public issues of lens card and wake fit
02:00in a big move for atma nirbhar bharat defense ministry has opened missile and shell production to private
02:11sector private firms in india are now permitted to develop and to manufacture missiles such as pinaka
02:16akash and astra class and even artillery shells ranging from 105 mm to 155 mm bombs grenades and other ammunition
02:25it's the perfect storm which could whip off a shopping frenzy of 14 lakh crore rupees this festive and wedding
02:36season bank of baroda report says gst rationalization cuts income tax relief and pent-up demand and low
02:43inflation are contributing to this shopping spree clothing marriages electronics autos all of it to contribute
02:50the most
03:01all right let's straight away look at how the markets are shaping up right ahead of the open in the pre-open
03:07trade you're looking at mild uptick on the gift nifty and that's on the back of the global market queues
03:12that we've been getting overnight we did see s&p 500 and nasdaq again zoom to record levels in trade it's
03:18the consecutive seven session when the u.s markets have been logging in positive moods all amidst all
03:25u.s government shutdown now when we look at the nifty it's indicative of a positive start mildly
03:30positive 25 085 is what we are given to understand as of now let's look at how the asia markets are
03:36trading this morning we've been looking at across the board again a green screen especially led by the
03:42nikkei second day in a row when you're looking at the nikkei up at record high levels as well so all of
03:48this sentiment is again coming back into the indian markets remember we started off this week on a
03:53positive note it was the nifty bank as well that crossed past the 56 000 mark again we are looking
03:59at inching higher for the second consecutive session today of course there will be a whole host of
04:04sectors and stocks that will be in focus yesterday it was the banks and the it the heavyweight sectors
04:09that pulled up the sentiment remains to be seen right ahead of the earning season that kick starts
04:14kick starts for the it sector and for the entire uh you know stock market related stocks starting
04:20this thursday how is the sentiment going to be picking up pace as well now we're going to be of
04:25course looking at all of those stocks that will be in focus throughout the course of the day but
04:29let's also look to welcome our guest on board mr dharmesh kant will be joining in head of equity
04:34research at chola securities very shortly but let's quickly look at all the stocks that matter for
04:39all of you today now of course remember we will also have the ipo space that will be buzzing in
04:44action day two of tata capital ipo day one of lg electronics ipo will also be in focus as well
04:51apart from this we will also be looking at of course all those stocks that will be in focus today
04:57including the telecom stocks as well we've been looking at how subscriber editions have been reported
05:02for the month of august for bharti airtel for uh even uh reliance geo at large as well and we are
05:08going to be seeing all of this space also in focus today of course apart from this there are
05:13many other stocks that you need to keep an eye out on that will be in focus including lti mind tree
05:19we will also be looking at many stocks uh talk about lti mind tree the it solutions provider has
05:24announced a multi-year agreement with a leading global media and entertainment company marking the
05:29company's largest strategic deal to date and of course the deal builds on the long-standing
05:34partnership between the two companies and under this agreement what we are given to understand
05:39is that lti mind tree will support the client's digital transformation services and also streamline
05:43operations and modernize them as well so that stock will be in focus we've been looking at on your
05:49screens a lot of other stocks as well bank of india will be in focus today business update has come in
05:54for the quarter as well on a year on your basis we are given to understand that the domestic deposits
06:00were up by eight and a half percent for the bank at 7.3 lakh crore rupees the gross advances also
06:06increased by 13.9 as well at 7.1 lakh crore rupees as well so that's also going to be extremely positive
06:14for the company and the stock is already reacting positive in the pre-open trade four minutes to go
06:19before the markets also coming into focus as well let me also go across to dharmesh khanth now and
06:27understand from him how he looks at the markets in today's trade dharmeshi warm welcome good morning
06:31to you well we started off this week which is the earnings focus week on a positive um you know start
06:38at this point in time how are you looking at navigating all the trades and of course the triggers
06:43in the markets as well what are you keeping an eye out on earnings focus sectors like it banks
06:49which have been outperforming it's the sixth or the seventh session for the nifty bank also on a
06:53higher end as well or are you continuing to look at something that we were focusing last week on the
06:59consumption theme what's your focus yeah good morning sashe good to see you back see i mean the bank
07:07updates were very good this was an exceptional kind of update by the public sector banks though we were
07:14expecting such kind of an update and that's the reason why a couple of weeks back we initiated a
07:20coverage on bank of india which was anyways there in a basket from last diwali onwards so public sector
07:26banks update i mean 15 14 percent kind of annual growth was uh you know good icing on the cake on
07:32backdrop of all the macroeconomic reforms which has been done by government of india until even seems to
07:37be playing out now the only you know worrisome caveat was the small banks and the financiers
07:44which have reported their you know advances both in single digit so that means the lower section of
07:49the society is still not you know picking up to the economic year tailwinds which is likely to play
07:55out so that has to be seen overall i think the market is headed in for a good swing till diwali it's
08:02a swing trade which will play out and market is hungry for good news so wherever incremental or
08:07slightly incremental good news is there you can see the pop-up on the stock prices going into
08:12those kind of news so it's a market for news and good and better news are to be rewarded by the market
08:18and till that time traders will have a happy hunting ground for them as far as investors are concerned
08:24the one basket which should now be looked at more seriously from investment perspective is the entire
08:29banking space both public and private sector though the weightage this time should be 60 percent on the
08:34public sector banking space and 40 percent on the private space fantastic dharmeshji um you know
08:40there is also a dichotomy investors are right now confused how to use the free cash that's available
08:46should one deploy it in the secondary market or in the big buzzing the ipo space we have two large
08:51ipos that will be open for subscription today um you know tata capital entering day two of 15 500
08:58crore rupees ipo the biggest ipo of 2025 and lg electronics with 11 600 crore rupees ipo also
09:05opening up in trade today so together in just about uh two to three days we are going to be seeing 27 000
09:12crore rupees of funds to be raised again from the equity markets do you see some kind of a sentiment
09:17impact on the secondary market because the ipo liquidity will be too high not at all actually i
09:24mean there's plenty of funds lying with all the domestic institution and i network individuals
09:29to be deployed into the market this is not even two three percent of what is the fund lying to be
09:35deployed so this will be absorbed very easily by the i mean system and secondary market impact because
09:41of such kind of ipo squeeze i don't think is likely to be there and out of the two ipo on you
09:47know tata capital we have a neutral rating because it's been trading price and there are the growth
09:53factors and you have the markets open let's quickly focus on that there meji first 25 128 we are looking
09:59at a positive start 0.2 percent higher in trade for the nifty at this point in time let's also look at
10:05the nifty bank also pulling up higher 56 154 about 49 points higher in trade for that one the it
10:11stocks continue to boy higher you can see a 0.1 of a move on the higher end as well let me look at
10:17the other aspects all the sectors are looking up barring just about media stocks that are lower in
10:22trade look at india bix that's also climbing a slight bit higher in trade oil and gas metals
10:26royalty infrastructure these are the sectors that are moving on the higher end on the nifty which are
10:31the top stocks that are buzzing coal india is the top mover today 1.1 percent higher bajaj finance
10:37power grid you also have lnt oil and natural gas isha motors wipro these are all the stocks that are
10:43buzzing in trade in the opening action when we look at the ones that are declining you have trend
10:48remember there's a brokerage report which has cut the target prices for trend and therefore you see
10:53a two and a half percent drop there access bank tcs these are other stocks that are down by about half
10:57one percent even indigo is facing uh losses in the trade because investec has come out with a report
11:04and others as well that believe the weakness in the next quarterly earnings can continue as well
11:08for the company and therefore you see some weakness on that front but yes telecom related stocks that
11:13we were marking out bharti et al is opening on a higher zone so let's keep an eye out on that as
11:18well when we look at any stocks from within the broadest index that need our attention marat seats is
11:23up from the auto ancillary pack then we have a few more stocks that are just getting into action we'll
11:29come back to that in a bit but let's continue to come back to dharmesh ji dharmesh ji you were
11:35talking about the ipo space but the secondary market so far is looking all okay even the economy
11:40focused sectors metals oil and gas infra they're also coming back into focus how are you looking at
11:46this shift i mean this was a shift which we always expected if you recall our last conversation
11:52uh a month back so fmcg was the basket which we were not really you know bullish on the auto pack we
11:59were so consumer durables i mean mainstream economies in class cement building materials these are the
12:06sector which is likely to benefit more uh as far as the consumption is concerned and the higher
12:11disposable income will go there rather than you know uh toothpices and soaps and desurgence of beauty
12:18products i don't think there will be more application out there and the numbers which
12:22have been reported for example americo where the volume growth has been quite dismal and there would
12:27be gross margin impact on most of this company because of the higher input prices so this quarter
12:32earnings is likely to be i mean neutral to negative kind of earnings from there next quarter also we
12:37don't expect a meaningful upside the expectation is on the mainstream economy facing segments and those
12:44remain the infra place as well as the consumer driven place absolutely in fact when we're talking
12:50about the consumption remember in a major boost for uh you know the kind of consumption space that
12:56we've been looking at bank of baroda has come out with a statement that they believe this festive season
13:01is likely to see a bump up of 12 to 14 lakh crore rupees with the kind of consumption that's taking place
13:07in fact let's go across to my colleague chetan uh who's joining in to share more updates on that
13:13uh chetan help me understand uh what are the key insights from this report of course this festive
13:18season was uh given to understand that the consumption boost will be there but 12 to 14
13:23lakh crore rupees which are the top sectors that are contributing to it what does it mean for the
13:27overall economy it's actually you know pointing it out you know 12 to 14 lakh crore is indeed a big
13:32number for three months consumption revival pattern because the government has always been of the opinion
13:38that since the gst cut would be announced it would you know fulfill the deficit through the
13:42consumption so they'll have to wait and watch as to what real numbers come out but yes as per the
13:46bov report uh 12 to 14 lakh crore is the is the spending that would happen during the festive season
13:52from october to december uh clothes footwear furnishing leading the pack with about close to
13:57three lakh crore spending automobile of course one and a half to two lakh crores spending electronics
14:02one lakh to one lakh twenty thousand lakh crores uh you know white goods tv ac fridge washing
14:07machines also leading the pack with nearly about 50 000 or 50 lakh crores to say so uh one very
14:14interesting highlight is the fact that this report does not include two things which is gold and
14:17alcohol of course alcohol being a same good will be more in demand during the festive season and
14:22secondly gold uh you know all touching all time high that has also been excluded from the report so
14:27these are the three to four sectors and gdp growth for the first quarter of effect 26 has been pegged
14:31at close to about seven percent so i think that's a great development for overall spending and economy as well
14:38and in fact chetan the sector that you cover very closely the auto sector there's report coming
14:43in from fada which has actually marked out that the auto retail sales were up 5.2 percent you're
14:49on here in september of 2025 driven by largely the gst 2.0 rationalization as well as the festive momentum
14:56what are the insights that you have to share with us so what is fada really talking about you know we
15:00were trying to understand what this gst cut will lead to which are the segments of the auto industry that
15:06will benefit the most initial reports from the dealership helped us understand it it was smaller
15:12cars that was seeing a large part of benefit has that come in the fada report as well what are you
15:17picking up actually uh you know a record breaking 34 historic surge year-on-year during navratri was
15:25witnessed in this year and uh you know dealers pointing out that this is the highest ever search
15:29during the festive season which is a 34 year-on-year during navratri okay
15:33to pointing it out auto retail sales up five percent year-on-year september 2025 driven by gst 2.0
15:39and festive momentum two-wheelers leading the pack is of course a hero motor cop with 25 percent market
15:44share and honda nearly 25 percent martha suzuki leading the passenger vehicle market with 41 percent
15:50market share forward by tata motors 13 percent and mahindra 12.6 percent also uh segment wise navratri two
15:57wheeler sales saw 36 percent growth which is a massive number passenger vehicle saw 34.8 percent again a very
16:03good number three wheeler growth also ready 4.5 percent so clearly all in all we saw great movement
16:08and development in the navratri period to say so however we have to we are yet to map the month of
16:14the month of october for the sale of diwali season as well then um you know thanks a lot for all that
16:22update we'll definitely look for more details as in when they continue to pour in as well and of course
16:27the earnings will also reflect some part of this picture as well for these companies
16:31dharmeshji coming back to you uh you've been seeing how uh you know economists are talking
16:35about a big boost to the economy because of the gst rationalization and the festive benefit
16:40now there's fada report that's talked about a historic uh record move as far as the navratri
16:44sales are concerned for the auto segment what is your favorite uh segment to continue to see
16:50a boost going forward from here that will carry on even after the initial nine days ten days of a move has
16:55been passed yes actually first two i mean clear on this report so the fada report is two segment one
17:03is the for the month of september and one is for the eight days period so this eight day period search
17:08which you are seeing there's also a pent-up demand of one month i mean gst cut was announced on 15th of
17:13august so many people deferred this says and then they wanted to book on the navratri period usually in
17:19a normal year this doesn't happen so it has to be taken with that you know caveat into account
17:24whether this 34 36 percent was purely this eight day kind of a movement or there was a 30 day you
17:29know backlog also pending for these eight days so adjusted to that we have seen six percent is the
17:34retention growth which has happened however on dealership basis from company to euro dealers
17:39it has been 12 to 15 percent kind of a growth that is the numbers which has been reported by most of the
17:44two-wheeler and three-wheelers going forward into october we don't think 10-12 percent is getable
17:49because last time navratri and diwali was both in the month of october so the base is already high
17:53let's see what the number pans out even if it is 10 percent is good so auto i think is done with i
17:59mean for the timing for the short term they are built into the prices we may see three to five
18:04percent kind of a movement based on the news flow but structurally the real movement will start
18:09happening from the month of say january in feb when we have seen normal december whether the
18:14sustainability of such kind of an unit is there or not so this is about the auto bank otherwise i think
18:20structurally going into the budget session in the month of january and how the government spending
18:25is happening infra building materials railway defense should be the key go driver and now
18:31since the sector banks are participating they should also drive the growth forward so banks
18:36included in this basket okay from autos then to healthcare segment in a major boost for nearly 50
18:43lakh central government employees pensioners and their families now the government has announced
18:47biggest overhaul of the central government health scheme or the cghs the first time in the last 15
18:53years this overhaul revises the package rates for nearly 2 000 medical procedures remember revises the
18:59tariffs for rooms as well as takes into consideration the accreditation of the hospitals as well for more
19:05on this we're now joined by my colleague this is today's neetu chandra sharma to share with us more
19:09details on this need to help us understand what does the cghs rate revision really need for the hospital
19:15business at large will this increase their profitability and what do you think of the
19:19healthcare market too yes actually so the cghs rate revision directly affects hospital revenues
19:26and pricing strategies so earlier the cghs reimbursements were lower than prevailing market rates
19:32leading many private hospitals to limit or withdraw services the new tire based rate system with
19:37differentiated pricing for nabh accredited and super speciality hospitals now aligns with reimbursements
19:44more closely with actual operating costs so hospitals will now be able to recover a higher share of
19:49treatment costs manage cash flows better and renew mous with government on updated terms so this makes
19:56cghs linked business financially sustainable for organized hospital chains such as apollo fortes and max
20:03which already follow structured compliances processes so for the beneficiaries who are eligible for cashless
20:09treatment this will have no effect but for those who are eligible for subsidized treatment
20:14will have to pay more for the services now right but need to how does this really change this change
20:20affect the beneficiaries at large and the overall healthcare spend by the government what do you have
20:25to say on that yeah so the revision increases the government's healthcare expenditure per beneficiary
20:32as procedure rates have been updated across about 2000 packages the hospitals will now be reimbursed at
20:38rates better than better match services costs reducing payment disputes and delays so this supports more
20:45predictable revenue for empaneled hospitals and steadier cash flows across the system so now the for the
20:50government the fiscal outgo will rise but the arrangement helps maintain participation from private hospitals and
20:57ensures smoother settlement cycles so overall if we look at this development cghs is basically moving from a
21:04static reimbursement model towards a market aligned structure that balances fiscal responsibility with
21:09operational viability sakshi thanks a lot neetu for that uh darmeshi coming back to you how are you
21:16looking at the healthcare and the hospital related stocks you know uh when we were talking about this entire
21:21tariff related impact on the domestic industry uh hospitals were being seen as beneficiary because they had
21:27nothing to do with the tariff impact and such domestic oriented sectors were always already getting
21:32preferred now with the government also intervening uh revamping the cghs that has been a long-standing
21:38demand of the healthcare sector as well how are you looking at hospitals yesterday we did see a sharp
21:42rally today there's some profit taking but apollo hospitals max healthcare fortis how are you looking at
21:48these uh companies is it really going to be meaningful growth for them incremental dose definitely yes
21:55because now a patient will have an opportunity to get the healthcare treatment done at you know private
22:01hospitals because earlier the rate to dispatch was there i mean government hospitals were far lower
22:08rates than the private hospitals so the patient had no choice but to avail that but with this window and
22:13coming into play they will have an option but it's a very multi-layered structure i mean tier two
22:18tier three city in discount and it's a very detailed kind of thing which has to be seen into but
22:23in committee i do think it will be yes accurate for hospitals across the chain absolutely and yesterday
22:29there was a movement today these are profit taking but i think the topic for mar and dimension narayana
22:34the reason being their prices were always lower to the others in the peer set group so the patient
22:39will have more alignment out there yeah thank you so much for completely out of time now uh thank you
22:50for being with us that's a wrap on the business today show viewers and in case you still have about
22:55questions on your investments mutual funds sips or even gold related queries then please do send them
23:00to us on the number that's flashing on your screens and don't forget to catch the market closing action
23:06with me at 3 p.m today
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