Hello and welcome to Let's talk business. I'm Brian Sharma. We'll get to the top news stories from the world of business and economy in the show, starting with the markets. Equity benchmarks declined amid weak global trade as banks and financials declined as well. The headline in Isis napped there four days of gains and fell the most in two weeks. Hi Da joins us with a wrap of all the market action markets did see a good recovery in the last hour of trade, but we continued to trade in the negative and ended in the red zone as well. Clearly, the census fell nearly 350 points, and nift ended around the 18,500 marks so slightly above those 18,500 levels. It was mainly Reliance H D F C twins as well as the access Bank. These were the major contributors to the in Terms of the markets were concerned, but there was support coming in from the likes of a tech Mahendra bank in trade today, in terms of sectors, metals and banks were a major drag, whereas there was buying that was seen in terms of I t. as well as healthcare majors, though there was that positivity from a stock specific perspective. But the market was pretty much skewed in favour of the Bears in today's session. When we've been talking to analysts as well, what they are indicating is that it's a buy on dips strategy that investors should be accommodating as of now because the overall underlying tone of the market is still positive. And that continues to be the scenario. And there will be a lot of strength that will be coming in from the bank. Nifty. And there are, you know, the support levels that the analysts are tracking on nifty less back nifty are pretty much strong, though we are hitting resistances, but there will be recoveries that will come in shortly. Uh, interesting names that were top gainers today. Part the search almost 7 to 8% in trade and was one of the top gainers. Mahe, Bank, Britannia as well as motors were a few of the other gainers as well. On the losing end, you had the likes of Access Bank, Reliance Industries, H D F C Hindalco, as well as O N G. C. In fact, if you see in terms of, uh, a lot of your O M CS, you know, they were reacting to the crude the way crude was panning out, which was down under pressure. However, that did have a positive impact on your paint. Companies like Asian paints did see a good move in today's session from the News All India. There was a fire at one of its refinery, and that stock did see some bit of pressure. But the resources has gone ahead and reduced their gross debt to $6.4 billion so that was in focus as well. H T F C gained the most in over five weeks, and this is after Aberdeen sold almost 1.66% stake in H D F C Bank Coal India Board approved 8% and this was mainly on the back of, uh, I mean they approved the 8% hike in terms of prices because of which the counter was in focus. Dixon Technologies was up and trade because they proposed a partnership with Xiaomi to make and export mobile phones in India from India. So that's gonna be an interesting one to watch out for from a partnership perspective on the back of earnings reaction. You R B, which was under pressure on the back of a weak set of numbers that were reported well Corp saw smart moves as, uh, the profit and revenues beat estimates. And the Q four guidance that the company and the management has provided has been pretty aggressive, and the management is kind of quite confident of achieving it. Green was under pressure after the four miss to pharmaceuticals hit a record high as the queue for profit was a good number. And they, you know they are looking at a fundraising plan as well. Via Q IP in account also surged in trade after the profit rose on the demand for beds. Sheets, it seems, has been increasing so clearly a lot of news makers, a lot of companies that have been reacting to earnings, and it's almost where the earnings season is about to end. Uh, but clearly the the the breath has been in favour of the Bears. But the underlying tone that the analysts are still picking up is that there is positivity in the market and buy on dips should be the strategy that you should be accommodating. So how the entire week is going to pan out is going to be interesting from here on back to you. Thank you for that. And in the light of uptake in Indian markets led by the foreign investment portfolio, Investment and flows Julie Spas Mar Matthews shares his outlook on Asian and Indian markets. Listen it from the lows of 16,800 about a month and a half back, we've seen a sharp pull back in Indian markets as well, and we've seen serious money coming back after a serious bout of withdrawal. So I'm saying, if I don't look at Y t d. But look, at quarter to date, then India has been the best performing market arguably in the Asia E M pack. If I'm not wrong, maybe Japan so and therefore my question. Do you reckon that that momentum can continue? Sure, y TT numbers may not look impressive, but quarter to date it's been an impressive run. Can that continue for India for some of the other markets? I mean, I think it should. I like the Indian market, but I'm I'm not sure it will, because I must say just anecdotally, based on my own, uh, discussions with investors. Um uh, they they like listening to the Indian story, but, um, I see very little follow through there. They they Maybe after, you know, the roller coaster of the last few years with with covid and and Ukraine and markets just up and down like a Yo-Yo. Um, you'd, you'd, you know, wanna be feeling well, at least I know What's Nintendo? What's Sony like? These are big brands. I grew up with them, um, and India, you know, chances are you might not even have visited the country. So it's a much bigger leap of faith, even if the story is a compelling one, as we all know. But, uh, people, you know, unless they're feeling quite confident, um, are usually reluctant to to commit capital to something they don't, you know, they don't really know very much or they've never seen firsthand. So, uh, I'd like it to keep going up, but I'm, uh, not sure it will. I mean, what I would also share anecdotally is that I think where there's a lot more interest in India is more on the, uh, foreign direct investment side There's a lot of multinational companies, as you may know, uh, visiting India, scouting out India and figuring out how can we come into India? And foreign portfolio investors with a substantial portion of their investments concentrated in a single Indian company or group will have to make additional disclosures. Now the market regulator, Sebi, has sought more disclosures from F P I. S in a bid to boost transparency. SAA joins us with more details. We'll get more details on that story in a short while from now, but you will have to shell out more for electricity now. Yes, that's with coal India hiking the prices of its high grade coal by 8% and consumers will likely have to pay around 12 to 18 per se per unit more. This is the first time since 2018 that the country's largest coal miner has revised its coal prices. Coal India has increased the high grade coal prices after five years, and mostly it has been done in two categories. One for power utilities IP P s fertiliser plants and, uh uh, the other one is for non cooking, uh, consuming industries. So this, uh, the company has done after five years. They have not taken any hike even at the peak of Covid or during the peak of Ukraine war in September 22 when the price prices had gone up as high as 100 and $45 per time. Uh, although since then the prices have come down, they have fallen down to $100. The company was prompted to take this hike mostly because of increase in its employee cost or the wage bill, which has increased by close to ₹6000 crore and analysts believe that the company will be able to meet or offset this by almost 50% from this hike. There's also going to be a cascading impact on power tariffs for mostly the plants which will be using this high grade coal. And generally the perception is that most of the power plants in India do not use very high grade coal. It's mostly below 4200 kg calor value, so the impact may not be very high on the power plants, and, uh, going ahead there won't be any steep increase in the prices given the general election is schedule next year and uh, for our general audience. I mean, it's, uh, easier to understand that cooking coal is normally used for production of iron and steel, while non cooking or steam coal or the coal is used for the production of power plant or goes into fertiliser plant. Thank you and moving on. The government is expected to withhold crucial funding for Anna Lager's chip venture. According to a recent Bloomberg report, The joint venture between Vita and Taiwan's Foxconn may not receive incentives for the production of 28 nanometer chips. This comes after the venture sought billions in funding but has reportedly failed to meet the government's specified criteria. Reports also suggest that the project is still in need of a technology partner and a manufacturing great technology licence to proceed with the chip construction and moving on to the other big story. Patan Foods shares lower even as quarter four net profit rose Now the shares of the F MC G business in overall revenues grew exponentially, but margins shrank on a year on year basis and that's the report for Patan. Uh, so we have taken, uh, you know, all the, uh you know, because the commodity you cannot, uh, keep higher prices. It pretty much works on a past two basis. Uh, so we've taken two rounds of cuts, uh, both at the m r P level and the operative price level. And, uh, but I think, uh, right, not for the moment we are done, at least for next, uh, next, uh, 15 days. But if there's a situation warrant that we need to reduce it further, it absolutely will take the price cuts further. All right. So how much, Uh, price cuts have you taken so far in this In the you know, 5. 23. Uh, so very substantial. We've almost dropped our prices by, uh, anywhere between 30 to ₹40. Uh, kilo. Uh, but, you know, in terms of, uh, between 2nd and 3rd quarter, Uh, sorry between 3rd and 4th quarter. And, uh, if the prices continue to spike downwards, we are quite happy to take further, uh, sort of cuts on that we will be consistent with the market. We will reflect, uh, the drop in the prices. And, uh, we want to be right up there. Uh, when it comes to giving the best value to the consumers, that's all we have for you in this edition of Let's talk business. Thanks very much for watching
