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Financial & Morning Markets Updates – 21 Feb 25
It’s an amazing market to see….. It’s been 4 days, the market is replicating it’s move… Exactly same way of opening and finally closing flat after going marginally into green… 😊
. Some call it consolidation, some says silence before a mega momentum either ways!!
But yes… Volatility is definitely intact. But analysts expect Nifty to consolidate near it’s current level in absence of any fresh triggers, as it can be seen how strongly nifty is holding on to 22800-22900 levels since last 7 sessions.
India cracks down on apps and bans 119 apps from China, Singapore, US and Australia
UPI autopay is fast gaining momentum and has tripled in Jan to 175 million as compared to 58 million in Jan 24.
Before Tesla enters India, other foreign car makers like BMW, BYD and Mercedes EV sales have tripled in Two years
Continuous Strike of labours at Chennai’s Samsung plant since last 15 days has hit production and the fallout could hurt Tamilnadu’s ambition to become electronic manufacturing hub
MoD has signed a contract worth ₹ 700 cr for procurement of 1868 Rough terrain forlift trucks with ACB and JCB.
ET poll of economist have given some good news that GDP forecast grew to 6.3% in Q3 and Indian Economy picked up pace in this Qtr fuelled by strong agricultural output, revival of rural market and higher capex.
India’s economic growth is projected to be slow to 6.4% in 2025 from 6.6% , a year before, according to Moody’s Analytics.
RBI is holding auction today to infuse Rs 75000 cr through 45 day variable rate repo auction. RBI has already received bids worth 1.87 lakh crore. These are measures to infuse liquidity and address deficit.
Market Updates
US markets were down by 1% and Asian markets are trading mixed.
Indian Markets are all set open in Red today. So it’s likely the opening pattern will be akin to last few days, where the markets opens in red.
As I said very strong support at 22800 is still intact and last 7 days has seen the testing time for this support.
Today it’s very likely that extremities may be seen in market wrt a directional move of either strong upwards or heavy downwards. A decisive day for market momentum. And this breakout in either side may push market closure heavy up or down. Let’s wait n watch!!
VIX level, which measures fear in market has reduced to 14.68 levels
Nifty levels to keep eye on
Bullish above 23000
Bearish below 22800
Stock News
Railtel wins ₹ 22 cr IT contract from J&K high court.
HFCL signs an agreement with BSNL for execution bof Bharatnet project in Punjab
Tobacco stocks like ITC, Godfrey declined due to GST hike.
Tesla launching effect has started on car industry as Tata motors offers discount on its EV segment.
MoD signs ₹ 1220 cr contract with BEL for 149 software defined radios for Indian Coast Guard.
ICRA has reaffirmed it’s long and short term ratings for BEL, highlighting companys strong Creditworthiness.
L&T got order from Hindalco to set up 850 kilo ton per annum greenfield alumina refinery in Odisha.
Paytm launches first solar based soundbox for merchant, no charging of soundboxes required now.
CIE automotive declares Rs 7 dividend.
Vedanta is all set for demerging as shareholders and creditor have approved same. It’s splitting into five seperate entities. Every Vedanta shareholders will receive 1 additional share in each of 4 newly demerged companies on completion of process.
Gold/Silver
Post projections and forecasting Gold Prices and same skyrocketing in sync to same, Analyst have now given a forecast of Silver prices skyrocketing. Silver may touch 1.1-1.25 lakh in a year from here, which is 26% plus jump from present prices.
As Gold price is now getting out of reach and silver still in range, the investment in silver is picking up especially through ETFs.
So expect a sharper rallies in Silver… Very soon.
A Bullion analyst , Manav Modi has recommended investors to accumulate silver on every dip…
But also don’t forget silver is more volatile then gold in price momentum!!
Gold is trading marginally higher than yesterday’s price at 89140, meanwhile silver has breached 100000 barrier.
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.
