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Financial & Morning Market Updates – 11 Mar 25
Nifty’s short rally of 3 days ended yesterday as heavy weights Reliance, Indusind declined heavily. Indusind was the biggest loser on sensex as it was over 4% down.
FII continued their selling spree and were net sellers worth Rs 485 cr and DII stepped in as Buyer and net purchased over Rs 260 cr.
Jim walker, the Chief Economist at Alethia Capital who famously foresaw 2008 Financial crisis and market fall , has given 6 major predictions for 2025
— 10% drop in US dollar
— Painful but not catastrophic economic slowdown
— Long term bullish stance on Copper
— The fall in US dollar and US economy will be very good news for Asian Economies
— The biggest of all was… Strong Recommendations to double down on Indian Equities. Walker said Economic growth is going to take off from here and those valuations will be quickly supported by corporate earnings. He highlighted India’s stable macroeconomics policies and efforts to deregulate it’s economy. He also said India looks better than anytime in last 30 yrs in terms of policy stability and certainty.
—- Finally, he remained bullish on Gold.
If you know, the correct stocks and time to BUY, you can start earning in this volatile markets too. Amidst this volatility of 5 months, 75 stocks have hit 52 Week high and 129 stocks slipped to 52 week low.
About other news…
Mumbai is all set to get its 3rd Airport by 2030 Near Palghar area.
We all have now got into habit of using UPI and Free Rupay cards without any charges and life without these technologies is tough..As per market analyst, Govt is considering a proposal to bring Merchant charges on these transactions.Same may affect the customers as mechants will try to pass this on to card or UPI users.Proposal says in phase 1 merchants above 40 lakh GST turnover will be charged this fee.
Demat acct addition has hit 21 month low amidst this market volatility.
Summer sales of Soft Drinks, Ice cream , ACs have started early and is already up 20% yoy in March qtr.
Housing industries are getting back to Freebies in major cities. Incentives and discounts are returning slowly to housing industries after a period of robust growth due to fewer launches , steep price hikes and delayed approvals in all major cities.Free parking, full furnished house, move in now pay later etc are latest offers being given.
Rupee loses 50 paise in single day. Rates above 87.33 per $
Oil prices declined further by 0.42% to $68.99 per barrel.
Markets Today
Coming on reality for the day…..ITS ANOTHER BLOOD BATH!!
After US markets opened 4% down and closed 2%+ down, Asian Markets massively down, a similar reaction can be expected in India’s market
Although Nifty sustained it’s resistance level of 22400 yesterday and remained above it, but today it’s all set to break down.
A huge Gap down opening is likely. Chances of Nifty opening at 22250-300 levels are highly likely.
Reason for US market crash is “Fear of Recession ” due to ongoing Tariff dispute and other govt policies fueling fear of recession.
Stock News
Zydus gets US FDA approval to manufacture Ketoconazole shampoo used to treat fungal conditions. Annual sales of this shampoo in US is around $70 mn.
Indusind bank’s networth is expected to decline between 1600 cr to 2000 cr after having fixed accounting gaps linked to multiple year derivatives transactions. A big slide down in share is expected today also. Nuvama downgrades indusind bank to target of Rs 750 against the CMP of 900.
BEL secures new order worth 8.5 billion boosting it’s FY25 order inflow to 146 billion.
Morgan Stanley rates BEL with a target of 364 per shares against it’s CMP of 272
Ashoka Buildcon bags Maharashtra State Electricity transmission project worth 312 cr
City Union Bank opens three new branches in Tamilnadu.
Navine Fluorine International has informed exchange about commercialisation of plant for manufacture of Hydrofluorocarbons with dispatch of first commercial lot to customers.
Sharda Cropchem ratings has been reaffirmed by Crisil at Crisil A1+.
Gold/Silver
Gold is trading flat with no much change of rate at 88700 levels and silver too was trading little low than yesterday.
Well, it’s gonna be tough day in market especially in morning to begin. A recovery can be expected later in day, but at what levels, that’s tough to say.
Any breach downward from 22200 will take market to 21800 levels this week.Although the breaking down of 22400 levels this morning is imminent but what’s to be seen is recovery from new lows today, which will dictate the strength of this market for days ahead!!
Indusind will be EXIT stock of day… and new opportunity for accumulation of new stocks in portfolio could be explored
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.
