Photo Courtesy: pixahive.com
Financial & Markets Morning Updates- 14 Feb 25
All eyes were on MAGA meets MIGA. Lots of trade announcement between US and India has been done in joint press conference. Both countries have set a trade target of $500 billion by 2030 from present $130 billion .
Both countries agreed on various trades and deals in Security, Defence and major trade routes between two countries
US to provide India with F35 Stealth fighters.
In short
MIGA+ MAGA= MEGA is the outcome of PM’s visit.
Jio and Disney Hotstar has merged to become JioHotstar, becoming India’s one of biggest Streaming platform. Champions Trophy would be first event which would be telecast on this new merger OTT. All this will definitely help Jio valuation whenever it’s IPO is launched this year.
Road Transport and Highways ministry has indicated slow down in their road projects awards in Fy2024-25 as compared to last 10 yrs.
After Income Tax cuts, their is news buzzing about GST cut in upcoming GST council meet. Some relaxation can be expected.
Some good news on Valentine’s Day. Stock market generally performs good on Valentine’s Day. So hoping that today’s Valentine’s Day would be a real Happy One for all Investors 🌹🌹
Markets Today
Indian Markets showed great resilience for Two consequetive days. But last hour selling yesterday pulled the market down.
US markets ended in green after 6 consequetive negative end. All Asian markets are up too
Well today Indian Markets are all poised to open in Green and celebrate Investors Valentine’s Day in morning, bringing cheers to investors.
Markets will react to Modi and Trump meet and joint press conference announcements.
Although markets are likely to open in good green but further sustainance needs to be seen as yesterdays selling can happen today too.
Nifty levels
Bullish above 23100
Bearish below 22950
But remember 22800 is a very crucial and strong support for Nifty and if any Selling pulls nifty down and this support is broken, another big downside can be expected. But on positive side a recovery rally towards 23350-23400 will be a strong push for days ahead
FII were at their best of what they have been doing and sold stocks worth Rs 2800 cr in second half of day and DII as usual saved the day with BUY of 2900 cr yesterday.
So hoping for good Valentine’s Opening today.
Stocks News
696 companies are lined up for Q3 results today especially company like RVNL, Samvardhana Motherson, Swan, Zen tech. Samvardhana stock holders can definitely expect a super bumper Q3 profit announcement today.
Hindalco Q3 profit surges by 60%. Analyst’s have given BUY rating for this stock with tgt of 800.
Paytm money has settled a case of securities law violations with SEBI.
Nexus Select Buys Bengaluru mall for 913 cr.
Nazara Q3 profit drops by 53%
SJVN Q3 profits climbs 7%
Adani Green has pulled out of wind power projects in Sri Lanka as Colombo sought to trim tariff.
Godfrey Philips Q3 profit jumps 50%
Indians are now having less of Beer!!! United Breweries, India’s largest Beer seller has reported a 25% fall in its profit.
BUY RECOMMENDATIONS
Marketsmith India has recommended two stocks for buying today..
Muthoot Finance
CMP 2317
Tgt – 2730
Stop loses 2120
Time- 2/3 months
Sun pharmaceutical
CMP- 1746
Tgt 1890
SL- 1680
Time frame – 2/4 weeks
Gold/Silver
Unbelievable run for Gold is on breaching new highs daily and waiting to hit 89000.
This morning gold was trading at 88550 levels. Silver trading nearly flat.
Happy Valentine’s Day to all Investors🌹🌹
Happy Investing
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
