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Financial & Morning Updates- 04 Mar 25
Yesterday market touched highest point of day on opening and then suddenly it tumbled and finally recovered towards end of day to close flat. No positivity, no strength, no momentum seen in market yesterday.
IRFC and IRCTC were awarded Navaratna status by Govt of India. This gives companies better financial independence , allowing them to invest upto 1000 cr without Govt approval. Some big move expected today!!
There has been surge(approx 5 to 10% annually)in medical insurance droppings leading to one in ten policy holders skipping renewal this year. Insurers attribute to worsening claims ratio- the% of claims compared to total premium collected.
As per ANAROCK consumer sentiment survey… 1 in 3 woman are buying property for investment and 59% are picking up houses above 90 lakhs
Second investment choice for woman as per survey is Fixed Deposit, and third is Gold.
Government has allowed integration of Adhaar enabled face authentication in mobile applications of private entities
Activities in country’s manufacturing sector grew at its slowest pace in 14 months in Feb.
As Reliance jumped into Cola war, pepsi is first cola company to revise its price from Rs 20 for 250 ml to now for 400 ml.
Balmer Lawrie has offered special discount for Govt employees for its International Trips package with EMI facility for period between Apr to Sept 2025.(please don’t confuse with LTC, it’s normal International trip😊)
Oil prices slides as US stops aid to Ukraine.
ET wealth TopStocks
On weekly charts of ET wealth, here are top 5 stocks as per their ranking
- Can Fin Homes
- Kotak Mahindra Bank
- AU small fin Bank
- NALCO
- Indus Towers
ET wealth least expensive stocks - Ashoka buildcon
- The Great Eastern Shipping
3.Repco home fin - LIC housing fin
- DCB Bank
Top stocks most held by Mutual Funds - ICICI Bank
- HDFC Bank
- Infosys
4.SBI - Maruti
ET wealth & Value research Top MF in each category based on 3 yr returns
- Large Cap- Nippon India Large Cap
- Large &Midcap- Motilaal Oswal Large & Midcap
- Flexicap- HDFC Focused 30 Fund
- Midcap- Motilal Oswal Midcap
- Small Cap- Nippon India Small cap
- Value Oriented- SBI contra fund
- Debt Fund- HDFC Short term Debt fund
Some important news for those looking for further investment in MFs based on Mutual fund still sitting with huge cash
- Motilal Oswal Midcap is best/Top performer in its category but still is sitting with huge cash. It has 24.4% of its holding as cash waiting for opportunity to jump in market
- Next is Axis Midcap with 11.5% of holding as cash
- HDFC Midcap opportunity is holding 8.1% holdings as cash.
Markets Today
No clear positive signs for recovery seen yet.
Over same, shortly the new Tariff rule of Trump will be effective today against Canada, China and Mexico(effective from 1130 hrs IST)
So be braced up for tough start to market today, as it seems for market falling below 22000 today and may set new lows. Market possible to hit 21900-22050 levels today. And sliding below 21900 may open doors for new lows.
Late recovery is possible, based on BUYs and Sells by big houses.Yesterday DII bought heavily(Net Buy plus 8800 cr against FII net sell of minus 4800 cr) post 1 pm, which helped market recover strongly
US markets are down, so are Asian Markets today.
Stock News
1:1 bonus shares has been issued by Indraprastha Gas Ltd. Same has been credited to demat account
SBI Life has announced a dividend of Rs 2.7 per share. Ex dividend rate 07 March 25
Reliance ind has hit it’s 52 week low at 1156. Closed yesterday at 1171.
L&T has recd huge orders in India, Saudi Arabia and Abu Dhabi worth around 5000 cr.
Ola electric cuts 1200 jobs amid financial losses and declining market share.
Gold/Silver
Chief Economic Adviser to GOI has mentioned that Gold Will remain relevant for investors as portfolio diversification mechanism with ascending importance as an asset class in coming years. He said that all must understand the importance of gold in portfolio , a store of value.
Gold is trading marginally higher than yesterday at Rs 89180. Silver is trading flat..
Tough morning ahead today, with likely new lows but with hopes of recovery at end of day, if all goes well.
But above all, stock market is about long Sightedness Vision and not Short Sightedness!!
Happy Investing!!
Disclaimer: 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.
Informative and Very well articulated.