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Looking at domestic sectors, expert remains optimistic about consumer durables, where demand has been steady for some time.
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00:09good afternoon you're watching the business today show with me sakshi batra this is where
00:12i get you all the market closing action on the lal street first up let's take a look
00:16at what's hot in the corporate and the financial world
00:22market terms are on the edge as nifty swings between gains and losses a fresh surge in crude
00:27oil prices and renewed tensions at the strait of hormones are keeping investors cautious
00:31while psu banks and auto stocks are holding the line it stocks fall
00:41social media fury turns into stock market slide for shark tank star namita thapar's mcure pharma
00:47shares the entrepreneur faces a backlash over her namaz health reel shares of mcure slide
00:53three percent in intraday trade piush bansal's lens card shares also tumble five percent intraday
00:59over the company's alleged restrictions on religious symbols
01:07india u.s trade talk set to resume this evening after a six-month pause 12 member indian delegation
01:15to hammer out details over three days in washington dc u.s makes it clear the supreme court order on
01:21tariffs will not stop the trump administration
01:28massive electric jolt for delhi residents could actually face a major tariff hike with the appellate
01:35tribunal rejecting delhi power regulators plea to delay payments of a staggering 38 553 crore
01:43debt a tariff hike could be on the way
01:52air india goes high class with its latest premium economy offerings on retrofit 787 dreamliners first
01:59of the kind to join domestic operations from tomorrow profit boost from cabin upgrades on international
02:05routes soon
02:16let's straight away look at how the markets are trading in the last 20 minutes of trade i'm also
02:20joined by my colleague shell but nagar joining in from the national stock exchange in mumbai
02:24also with me is our special guest of the day sudi bandyopadhyay group chairman of indy trade capital
02:30welcome to both of you we are seeing one tenths percent of an uptick continuing on the nifty and
02:35the nifty bank but we have come off the day's high point for sure shell um good afternoon to you
02:40to you
02:41first from the nse what's the mood like on the markets
02:50all right we'll go back to shell in a moment but 24 394 that's where we are at as far
02:56as the nifty is
02:57concerned about 40 points of gain as far as the nifty is uh concerned we have the psu banks autos
03:03oil and gas uh infra stocks financial services all of these sectors that are up and about shell is with
03:09us back shell can you hear me do let me know how are you looking at the markets right there
03:14at the
03:14financial capital from the heart of national stock exchange
03:21well sakshi i hope i'm audible at this point of time both the nifty and the bank nifty are flat
03:26mainly because of a very strong rally that we've seen in the last fortnight in which
03:31both these indices have gone up nine and thirteen percent respectively so a bit of a poise
03:38but the action is in the small cap in the bit cap sector look at how volume is rising in
03:44the recycling
03:45space forex volume over friday cement index it's 2.32 times what had traded on friday private banking bank
03:55index tea and coffee sector metals all these are showing signs of strong breakouts and strong buying
04:02so main indices are resting but there is a lot of ferment happening in the small cap space look at
04:09triveni turbine uh the stock is now trading uh at 2100 crores in terms of volumes 15 16 percent higher
04:16last three days you've seen a very very strong rally ditto for graphite india uh up about 4.5 percent
04:24granules and of course jyoti cnc these are companies which are showing very very high breakouts
04:30with volumes and of course a strong percentage gain so that's the broader structure pause on the two
04:37main indices but small caps and mid caps are doing extremely extremely well all right well
04:44uh well we'll come back to you at 3 30 now to take the closing action but let's go across
04:49to mr
04:49sudi bandyopadhyay who is with us welcome to you sir good to have you with us well there are again
04:54mixed signals coming in when we talk about uh the u.s iran war whether the talks will happen the
05:00secondary round will happen or not we do not know uh iran has clearly said that they don't want to
05:05uh
05:05you know the you know at this point in time do any talks there has been a seizing of the
05:09ship by the
05:10us navy at the strait of hormos again india has uh you know generated some advisory there so there
05:15are lots of signals coming in for the markets to pick up from geopolitical tensions how would you
05:20approach the markets well with extreme caution i think in spite of the uh you know the positive
05:26mood prevailing in the market uh i would to a great extent advise investors to be cautious i think
05:33we haven't seen the last of the problems as far as uh u.s iran conflict is concerned
05:40things are still uh simmering below the surface and i will be extremely cautious uh the the whole
05:48issue is global oil prices shooting up because of all these actions which are being taken by the both
05:56the parties creates significant pressure on indian economy in the capital markets and many many indian
06:02countries directly indirectly and uh you know third tier impact as well so uh this is definitely not
06:12good for indian economy and indian markets so caution should be the way forward caution should be the
06:18way forward we will of course come to you for various sectors and the momentum there that we are
06:22seeing and how to approach each one of them but the big news that we are tracking viewers today
06:27is with regards to the social media backlash which is now spilling over onto the delal street the two
06:33startup icons facing heat uh the shares of m cure pharmaceuticals that slipped nearly three percent in
06:40the trade today after a controversy involving namita thapar the whole time director triggering sharp
06:45online criticism over her recent namaz health reel and it's not just one lens cart led by piyush
06:52pansal another popular shark also has seen its stock tumble by nearly five percent in intraday trade
06:58amid backlash over alleged dress code restrictions linked to religious symbols for more on this i'm
07:03also joined by my colleague krishna gopalan the executive editor of business today magazine uh krishna
07:08first up how has the social media been able to create a huge effect on the consumer base there are
07:15boycott
07:16trends happening across social media there's been attack on various stores of lens cart and
07:21surat in mumbai that have been reported and in even mqr case as well
07:27it's actually to be fair it's not the first time this is happening uh we've seen cases of this
07:31playing out in different parts of the world but i think the big takeaway is the fact that social
07:35media on its own has now become a beast which has a mind of its own i think that's come
07:39through you
07:39go back in time to the 1980s you know what johnson had to face a telenol what maggie had to
07:43face a
07:43controversy here or for a matter what caribbean dairy milk had to go the worms issue in india
07:48in each of these instances it was media that took charge so the controversy is still able to be
07:52managed in but the cases we're speaking of the more specifically mqr lens card it's social media
07:57that's occupied center stage and beyond that it comes to a point where the promoters have said
08:01something which hasn't gone out well i think the big takeaway is really for the management now to be a
08:06lot more cautious about what they're saying because what they say is one thing but how the market is
08:09reacting is quite another thing because the moment the products or the services start to get boycotted
08:13it investors obviously don't like uncertainty and say to me it takes a big hit on the business model
08:17and i've seen we've obviously seen that in absolutely uh clear terms as far as lens card and uh
08:22and cure are concerned absolutely but krishna do the companies now need to be more watchful henceforth
08:28every word uttered is being tracked very very closely on social media the policies are now being brought
08:34out in open case in point what lens card has done is uh has taken down the old policy brought
08:39a new
08:39policy where everything now is allowed but uh you know after the tcs nashic case more and more
08:44companies do they need to really look at the fine print of what they are saying and what they're
08:48implementing at the company right i think one thing is a little transparency we always know how
08:52corporate governance and all that is important for a matter companies don't make forward-looking
08:56statements that's really one part of the story but here what is being uh considered or perhaps
09:00we're misconstrued as a casual remark by a promoter on social media a platform that's completely
09:05devoured of what the company is doing but the repercussions of that cannot be ignored
09:08uh on the face of it it may seem absolutely harmless it may be deemed as a personal opinion
09:12but the moment the consumer place starts to come in in terms of trying to boycott the products or
09:16something as serious as that it takes a very ugly turn so i think promoters for their part obviously
09:20need to be a lot more watchful they have been watchful but i think in the so because if you
09:24take
09:24a look at some of the remarks that have come in as a follow to what's happened those have started
09:28to get
09:28out of control because the moment it's boycott if the moment they start saying the products out of
09:32inferior quality and if the language starts to get in that direction then i think we're getting into a really
09:37tricky zone absolutely thanks a lot krishna for getting us all of those details but uh
09:42the social media controversy has led to an impact on the stock markets of the for and the stocks of
09:47these two companies clearly despite the clarification from lens card the stock dropped by about five
09:52odd percent in today of course has recovered but even now mqr is down by over two percent at the
09:57day's low
09:58is what you're seeing at this point in time uh let's move on and now talk about uh you know
10:03the fresh
10:04round of talks between india and the us which is set to kick off this evening in washington dc reports
10:09indicate that the three-day talks from 20th to 22nd of april could finalize the first phase of the
10:15proposed bilateral trade agreement and the indian side is being led by chief negotiator darpan jain
10:21and these will be the first talks since october of 2025 and also the first since u.s supreme court
10:28struck
10:28down trump's tariffs in february this year meanwhile the u.s has said and indicated that it has identified
10:35tariff barriers and improved the market access as a key priority in trade negotiations the u.s trade
10:41representative has also made it clear that the supreme court ruling on tariffs will not hold
10:46the trump administration back in trade negotiations let's listen in
10:52the president's trade program continues despite the supreme court's decision in february
10:57within hours the president reimposed tariffs using section 122 and a few weeks ago we signed another
11:04agreement on reciprocal trade with ecuador so the program continues and as we continue to address
11:08our trading partners unfair practices we are using our investigatory powers granted to us by congress
11:15to investigate forced labor in other countries and structural excess capacity that lead to global
11:20imbalances and alongside the tariff program the president has also secured deals with numerous
11:24trading partners to address the unfair practices that contributed to our trade deficit
11:29and these new trade deals cover over half the world's population and these agreements have
11:34achieved long-standing u.s trade priorities many that have festered for decades including the lowering
11:39of foreign tariffs on most u.s exports and elimination of unfair non-tariff barriers
11:45and we also have surbi now joining in my colleague to share more on this um surbi what is going
11:50to
11:51be on the agenda what's going to be the key discussion points that india is going to put forward in
11:55these
11:55stocks this definitely assumes importance um you know because it's happening after a long gap
12:00uh that were stalled of course because of the shift in focus because of the u.s iran war tensions
12:06but finally we are back to business yeah so since february 7 when the initial framework was announced that
12:13agreements have reached been reached the whole uh tariff uh negotiation scene has changed between
12:19india and the u.s the reciprocal tariffs were cancelled by the u.s supreme court and um the
12:25u.s has come out with a 10 percent tariff so uh the talks now have to see how to
12:30take forward these
12:31tariffs and what would be the con fresh contours of the agreement both india and u.s are very keen
12:36to
12:36ensure that this agreement goes on and also that uh you know the joint statement which came out last
12:42year where we spoke about the overall bilateral trade agreement that would look at a 500 billion
12:47euro uh trade by 2030 so uh talks would also go on on that but uh with the current developments
12:55between india and the u.s including the section 301 uh investigations by the u.s which india has
13:01opposed uh the trade negotiators on both sides they need to sit together and see how the deal can uh
13:07come to terms with the realities on the ground but the thing but uh india is keen that the deal
13:14continues commitments from india would be honored what has to be seen is how the u.s goes on now
13:19that
13:19the tariff sword is no longer there and what kind of um commitments would they offer to india
13:27thanks a lot for getting us all of those details uh well uh so deep let me come back to
13:32you and try
13:33and understand how would you really think that uh you know these fresh stocks with the u.s now
13:38focusing back on the bilateral trades would impact uh you know the markets and how will the markets take
13:43it what to do with the export oriented sectors that were erstwhile impacted because of the massive
13:48tariffs now that they are brought down again the focus will be on the entire space
13:55uh yeah of course i think uh you know trade deals finally getting uh uh done both with eu as
14:00well as
14:00u.s uh along with uk i think will be good news for multiple export oriented sectors for india
14:07particularly textiles gems and jewelry uh you know aquaculture i think these are the sectors which
14:13benefit the most and which were impacted negatively also the most when the tariffs came in uh we will hope
14:20uh things improve and a deal gets done the sooner the better uh as far as the specific tariff rates
14:26are concerned i think certainty will be the most important thing here uh whether it's 10 or 15
14:33i think uh uh arriving at a final figure and uh you know ensuring that it stays there i think
14:41will be extremely important as far as these exporters are concerned the entire pricing marketing and uh
14:48you know contracts everything goes for a toss when rates keep changing or regularly as long as the
14:53rates are reasonable and they are confirmed uh uh i think it should be good for both uh textiles
15:00gems and jewelry as well as aquaculture uh as far as the valuation and the price is concerned i think
15:06all these sectors have uh you know moved up and down along with all these multiple types of announcements
15:13markets let's wait for the final thing to happen before uh you know we take a final call because
15:19there are too many moving pieces even now right uh but even in the domestic oriented sectors what's your
15:27top preference right now are you looking at keenly earnings getting influence there or are you looking
15:33at a turnaround sectorally that we are seeing well as far as domestic sectors are concerned we do like
15:40consumer durables and it has been for quite some time and there are significant opportunities uh in
15:47consumer durables of course this assumes that we will uh you know not be very negatively impacted by
15:53and you know and the deficit in monsoon uh if that happens then of course we have a different
15:58set of challenges uh otherwise consumer durables will be good we also like cement i think uh the performance
16:05in the current uh the results which they will announce before uh results which they will announce
16:12should be very good i think demand has been very strong and in spite of some cost escalation i think
16:17uh the performance of the industry by and large will be very good and this is something which i think
16:22the market has been waiting for a long time as far as cement is concerned uh and we believe that
16:27it will be
16:27good uh the other segment where we are also positive and maintain our positive view uh has been uh metals
16:36and mining you know there are volatility of course but considering what's happening as far as the
16:43geopolitical scenario is concerned uh mining metals becomes extremely important uh so from a long term
16:49perspective you have to ignore the volatility and invest in good quality mining stocks metal stocks
16:55fair point let's also shift focus to the power space the era of frozen power tariffs in delhi may be
17:02coming to a sharp end the appellate tribunal for electricity has now rejected the delhi regulators
17:08plea for more time to clear a staggering 38 000 crore rupees debt uh srivenkatesh of partner uh skv law
17:17offices has told um that has told us that there is no other way out except for direct tariff hikes
17:24for
17:24consumers at this point in time unlike tamil nadu where the government is still stepping in let's
17:29listen in right now the only foreseeable uh recourse to recover this money is in increasing electricity
17:37bill there is no there seems to be no other way out i i can tell you that in tamil
17:41nadu's case i believe
17:43that the state government is stepping into the shoes and trying to help so that the electricity bill is not
17:47increasing tamil nadu in delhi's case at least for tata power i represent there is no option at least so
17:53far
17:54uh they have will have to have some kind of a revised tariff order which will affect everybody
17:59sorry from india today anisha mathur is joining in for more on this anisha you know looks like
18:04uh there is no choice other than uh you know a tariff hike that could be coming in for delhi
18:09residents there
18:09uh what are you expecting and hearing at this point in time will this be contested at any stage
18:14well uh sakshi we need to remember that this wasn't something that has come out of the blue last year
18:20in august
18:212025 the supreme court had passed clear orders to all states to dissolve that massive debt to the
18:30distribution companies this is not and this wasn't just for delhi this was for many other states and
18:35we saw over the last year the aptel which has passed its order today has been monitoring the
18:41implementation of the supreme court's order uh we saw in jharkhand and in west bengal tariffs
18:47being increased the electricity tariffs have been actually increased orissa also has increased
18:51tariffs rajasthan imposed a cess on uh bijli bills it is delhi which had asked for more time uh
18:59because the derc had filed an application seeking more time to implement uh the uh the scheme or the
19:07plan and to create a plan and to implement the plan so at the moment as we just heard from
19:12the lawyer for
19:13tata power it doesn't seem like there is any option because in delhi in particular we've seen
19:19artificially lowered bijli bills for the last several years that uh there has been artificial
19:26lowering and that is what exactly what has created the uh regulatory asset which is the huge debt that
19:32delhi owes to the discoms we'll see uh we are waiting to hear from the derc right now what their
19:38next
19:39step is going to be but since this is the implementation of a supreme court order sakshi
19:44personally right as in my analysis i do not see any other way out but we'll have to wait and
19:49see
19:50what happens next absolutely thanks a lot anisha for getting us all those details uh coming across to
19:55then so deep uh to give us an insight as to how would you look at the power space and
19:59of course this
20:00massive debt uh there seems to be no way out but the tariff hike at least in delhi and other
20:06states as well
20:07uh well i think uh as far as this specific issue is concerned uh power price hike is the only
20:14way out
20:14and that will happen i think uh some states are undergoing election now and uh you know the state
20:20governments in those states may be trying to do things like tamindadu but otherwise or at least from
20:26the month of may uh once the elections are over you can expect uh you know rate heights across the
20:32world in the states which are under reference overall power sector on the other hand does look very good
20:39there is a structural positive impact uh uh uh because of incremental power demand and need uh for
20:48significant uh you know power supply on a continuous basis certain segments are also getting the benefit
20:53of opportunity in exporting power equipments transformers etc so this is a good sector you can look at
21:01uh power manufacturers uh power producers that is uh we do like ntpc in spite of valuation bump up okay
21:08uh you know the power equipment side i think the transmission transformer companies whether it's cg power or
21:16it's ge varnova do look good in spite of valuation not reaching uh there are certain solar panel manufacturers
21:23uh and uh very panel manufacturers like uh uh uh suzlon uh wari energy who do look good from the
21:32content perspective okay let me go across to shell from the national stock exchange to wind down the
21:37markets for us for the session
21:42well uh sakshi it's been a fairly sensible day for small caps and mid caps i would presume that the
21:49rally is now
21:50expanding itself into smaller sectors and smaller stocks many of them have appreciated uh 20 25 percent
21:58in the last three or four trading sessions so be hopeful uh the nifty and the bank nifty will of
22:04course resume their upward journey as well 24 400 on the nifty is very very critical for bears as well
22:11they
22:11will not give it up very easily but 24 800 is definitely on the cards somewhere later this week
22:16uh later uh this month so that's the prognosis on the nifty but strength all across especially in the
22:23power space look at power producers adani power record high cesc tata power moving in strength and of
22:31course all power producer ancillary is doing amazingly well bhel cg power abb schneider many of them at fresh
22:4052 week highs sakshi good things and good and better things are going to happen on the
22:46on the on the lal street in the this week and coming week as well thanks a lot for getting
22:51us all
22:51those details now we'll take some viewer choice questions we have some questions for sudeep now
22:57coming in sushmit from kanpur first asks you um have the markets bottomed out uh sudeep what do you
23:03think and are the capital market related stocks a good investment to do at this point
23:08well it's extremely difficult to say whether the markets are bottomed out there is significant
23:13volatility because of geopolitical reasons and markets may uh if there is further escalation
23:20come down further but i think uh your second question is more relevant there are a lot of
23:25opportunities which this volatility is giving and if you want to build a long-term portfolio uh multiple
23:30sectors including capital market related sectors do provide opportunity uh we do like grow quite a bit
23:37results came out today uh it's been pretty impressive uh there was some profit booking post post
23:43the results coming in because the price had already moved up in anticipation of the results
23:50we do like the stock we do like some of the exchange uh uh uh place nsc is getting listed
23:56soon so
23:56there will be some excitement in this entire space and mcx has been our topic we do like bsc also
24:03if you
24:04are a long-term investor some of the asset management companies insurance companies uh you know they
24:10also look good uh from the overall bfsi space but you can stick to wealth management and and you know
24:16booking company like it grow and exchanges to take benefit of this capital market upside right we also
24:24have vivek singh's question coming in next and he wants to ask you is this the right time to bet
24:29on power
24:30and air conditioner related stocks looking at the heat wave uh advice that is coming in from the med
24:37department for the north part of india well it's a it's a it's a you know historically that's what
24:44people have been doing for years uh during the summer season height of summer air conditioner sales
24:50increase uh uh cooler sales increase uh you know water purifier sales increase and people do buy so
24:57there is a general tendency of these companies clocking good numbers and good performance so
25:03obviously their share prices also get excited but i would urge you to look a bit long term uh look
25:09at
25:09structurally uh if the sector fits in uh which i do think it does the entire consumer durable segment
25:15i think is poised for exponential growth so pick good stocks uh uh good valuation in this sector for
25:24long term we do like like our folks quite a bit it's in segments where it's leader whether it's
25:29water purifier whether it's vacuum cleaner whether it's air purifier uh change of management has done
25:34wonders in the company and valuation not cheap but from a long-term perspective does look good
25:40right thank you so much mr banjir padir for being with us on this special and of course for sharing
25:45all those wonderful insights with all our viewers with that viewers we are going to be wrapping up the
25:49business today show in case you too have any questions about the stocks in your portfolio
25:52write them to us on the whatsapp number that's flashing on your screens any investment sip stocks
25:58or gold related queries is what you can send in thank you so much for watching this edition of business
26:02today
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