{"id":208527,"date":"2025-01-06T03:30:17","date_gmt":"2025-01-06T03:30:17","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/06\/chinas-new-year-pain-may-spell-gain-for-indian-stocks-times-of-india\/"},"modified":"2025-01-06T03:30:17","modified_gmt":"2025-01-06T03:30:17","slug":"chinas-new-year-pain-may-spell-gain-for-indian-stocks-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/06\/chinas-new-year-pain-may-spell-gain-for-indian-stocks-times-of-india\/","title":{"rendered":"China\u2019s new year pain may spell gain for Indian stocks – Times of India"},"content":{"rendered":"
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Consumer stocks took a beating during last quarter\u2019s selloff in Indian equities, reflecting signs of stress in urban demand. <\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

A flurry of third-quarter business updates will keep traders busy on Monday as they look for signs of a rebound in growth after depressing second quarter earnings. Bulls will be eyeing a comeback, as Nifty futures indicate a positive start to the first full week of the New Year.
China\u2019s New Year pain can be India\u2019s gain<\/span>
Convincing foreign investors to stay put in Indian equities is a hard sell amid a slowing economy and a weakening rupee. Yet, the New Year selloff in Chinese shares offers overseas money managers a reason to reconsider. Many were quick to cut their India positions to cash in on the rally in China. Speaking to Bloomberg Television on Friday, Ed Yardeni of Yardeni Research said that fund managers might fare better by maintaining their India bets despite high valuations. That is due to mounting skepticism about the durability of China\u2019s economic recovery.
Consumer stocks signal a revival<\/span>
Consumer stocks took a beating during last quarter\u2019s selloff in Indian equities, reflecting signs of stress in urban demand. But the tide may be turning, going by the rising share prices. Analysts are optimistic about a turnaround in Jubilant Foodworks\u2019 pizza business, while DMart<\/a> delivered a surprisingly strong third-quarter update. The cheer appears to have rubbed off on others like Sapphire Foods, Hindustan Unilever, Bata India, and even credit card firm SBI Cards and Payment Services. With expectations of a pick up in rural consumption and likely tax breaks for individuals in the upcoming federal budget, the rally may sustain for a while.
City-gas stocks rally on hopes of breather<\/span>
Shares of Indraprastha Gas and Mahanagar Gas rallied on Friday after Citigroup analysts cited a local media report suggesting potential supply relief for these companies. Citi said that it will be a \u201csignificant relief\u201d if the government directs ONGC and GAIL India to provide an additional 0.6 mmscmd of natural gas to city gas distributors, along with plans to divert gas from new wells in the future. These stocks had sold off in November after the government abruptly cut the gas supply from the domestic pool.
Analysts actions:<\/p>\n

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  • ITC Ltd Rated New Buy at ICICIdirect.com; PT 555 rupees<\/li>\n
  • DMart Rated New Accumulate at Asian Markets; PT 4,000 rupees<\/li>\n
  • Zomato Rated New Buy at Anand Rathi Securities; PT 385 rupees<\/li>\n<\/ul>\n<\/div>\n

    NSE Nifty Auto Index Back to 200DMA<\/span>
    Auto stocks have revved up in the New Year, with the NSE\u2019s sector gauge logging its strongest weekly gain since September. Last month\u2019s robust sales have improved the sector\u2019s outlook, but a roadblock remains on the daily charts: the 200 day-moving average. The index has failed to surpass this technical level twice since dropping below it in early November. Given the ongoing weakness in consumption trends, traders may wait for another month of strong sales before changing gears on their outlook for the sector.<\/div>\n<\/div>\n