Tata Power’s Green Push
Aaj Ka Bazaar
The US market ended mixed overnight after President Trump threatened to slap a 25% tariff on imports from the European Union and indicated that the effective date of the levies on imports from Mexico and Canada could be pushed back from March 4th to April 2nd, the same day he purportedly plans to announce reciprocal tariffs on other US trade partners. Asian markets clung to modest gains this morning, even as Chinese and Hong Kong stocks slipped into the red after sharp gains in the previous session. Indian market looks set for a muted start on Thursday due to prevailing uncertainty over US President Donald Trump's trade policies and ongoing FII selling. Moody's Ratings said India has a lower overall exposure to the US than others in the APAC region, although specific sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market.
Markets Around Us?
BSE Sensex - 74,607.56 (0.01%)
Nifty 50 - 22,555.00 (0.03%)
Bank Nifty - 48,827.55 ?(0.45%)
Dow Jones - 43,448.17 (0.03%)
Nasdaq - 19,058.81 (0.01%)
FTSE - 8,731.46 (0.72%)
Nikkei 225 - 38,072.79 (-0.17%)
Hang Seng - 23,535.80 (-1.07%)
?
Sector:? Power
Tata Power Signs MoU, Shares Fall
Tata Power's share price dropped by 1.08% to Rs 347.25 on February 27, despite the company signing an agreement with the Assam government to develop up to 5000 MW of renewable energy. The project will involve an investment of Rs 30,000 crore over the next five years and include solar, wind, hydro, and energy storage projects. The Assam government will help by providing about 20,000 acres of government land and supporting infrastructure development for better transmission connectivity. Tata Power also signed an MoU with Assam Power Distribution Company to boost renewable energy adoption. Despite the positive developments, Tata Power's share price fell. On the financial side, Tata Power reported a 10% growth in its Q3 net profit, reaching Rs 1,188 crore, and a 3% increase in revenue to Rs 15,793 crore. Moody’s upgraded Tata Power’s outlook to positive, citing the company's strong performance and growing renewable business.
Why it Matters:
Tata Power's partnership with the Assam government signals major growth in renewable energy, which could boost long-term profits. The Rs 30,000 crore investment enhances the company’s clean energy portfolio. Despite positive developments, the drop in share price highlights market volatility or investor caution.
NIFTY 50 GAINERS
SHRIRAMFIN- 598.00 (4.14%)
JSWSTEEL - 974.25 ?(1.62%)
BAJFINANCE- 8621?(1.56%)
?
NIFTY 50 LOSERS
ULTRACEMCO - 10535.05 (-3.91%)
BAJAJ-AUTO - 8264.15 (-1.83%)
M&M - 2750.70 (-0.98%)
?
Sector: Stockbroking
Nuvama Wealth Stock Rises as PAG Divest
Shares of Nuvama Wealth Management are being closely watched on February 27 as PAG, an Asian private equity firm backed by Blackstone, is considering selling its majority stake of over 54%. PAG is working with financial advisers to explore options, which could include a full or partial sale. Nuvama's shares have dropped 19% this year, bringing its market value to $2.3 billion, but the stock has still risen 114% since its debut in September 2023. While talks are in the early stages, some global asset managers and financial firms have shown interest in acquiring the company. Nuvama, which was previously known as Edelweiss Wealth Management, provides wealth management and financial services to high-net-worth individuals, businesses, and institutional clients. In its latest financial report, Nuvama posted a 30% year-on-year increase in revenue and a 43% rise in net profit for the December quarter.
Why it Matters:
Akzo Nobel India’s sale of key businesses to its parent enhances financial independence by eliminating royalty payments and improving margins. The move streamlines its focus on liquid paints and coatings while securing its long-term growth. A potential full exit could significantly impact the company’s valuation and future strategy.
?
Around the World
Asian stocks mostly fell on Thursday, with investors not reacting strongly to positive earnings from Nvidia, which reported strong results but saw its stock drop 2% in after-hours trading. The decline followed concerns over external factors affecting Nvidia’s long-term outlook, especially shifting trends in AI and the rise of more efficient models. Technology stocks in the region, including suppliers to Nvidia like TSMC and SK Hynix, also dropped. Hong Kong’s Hang Seng index fell 0.6% after reaching a three-year high, as investors took profits following a strong AI-driven rally. Mainland China’s markets also retreated amid ongoing trade concerns, particularly with the U.S. The broader Asian markets showed mixed performance, with Australia’s ASX 200 rising 0.4% on strong earnings from local companies, while Japan’s TOPIX gained 0.5%. Investors are waiting for key U.S. economic data, including GDP and inflation figures, which could influence global markets.
Option Traders Corner
Max Pain
Nifty 50 - 22535
Bank Nifty - 48939
Nifty 50 - 22562.07 (Pivot)
Support - 22,499, 22,450, 22,387
Resistance - 22,610, 22,673, 22,722
?Bank Nifty - 48668.75 (Pivot)
Support - 48,474, 48,340, 48,146
Resistance - 48,802, 48996, 49,130
?
?Have you checked our latest YouTube Video
?Did you know?
India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024
India's stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ?14,000 crore in early 2025. These trends reflect growing confidence in India's equity markets.