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Financial & Morning Market Updates – 13 Mar 25
A flat opening yesterday, going below 22350 and pulling back strongly to safe zone ie above 22470. A good consolidation indeed.
Today is last trade day of week as markets will remain closed for next 3 days, where u can sit and evaluate ur portfolio, advance taxes etc.
India’s annual Inflation fell from 4.26% in Jan to 3.61% in Feb. It’s slowest in last 7 months, thanks to easing food prices.The impact of this inflation reduction can be seen on RBI rate cut decision due in April and may be in market today.
India’s industrial production rose by 5% annually in Jan vs 3.2% in Dec. Highest growing industries are Manufacturing, Mining and electricity sector. This surge in production is highest in last 8 months.
Stephen Schwarzman, CEO, Blackstone is planning to double the company’s exposure to India’s equity market to $100 bn. The CEO said that India has literally been Goldmine for Blackstone, where the country is outperforming every other market in its portfolio by wide margins.
Net Equity inflow into Mutual Fund fell by 26% in February as the stock sell off intensified. But the good news is despite the decline, the net inflow into open ended equity funds stayed positive for 48th month in a row. Report also says the Mutual fund investors have shifted heavily from Mid and small cap MF to Flexicap MF.
Post derivatives fiasco in Indusind bank, RBI has stepped up its scrutiny of all banks Derivatives positions.
Birla estate has launched its two mega properties in Gurgaon and. Sarjapur Bangalore.starting Rs 1.7 cr
Lexus cars are establishing big way in India with its new launch and India’s first 8 years Standard Vehicle Warranty.
Ola Electric has announced Holi flash sale offering discount upto Rs 26750 on S1Air model and Rs 22000 on S1X model.
NSE has launched a new index to track performance of Top 20 Stocks in Chemical sector — “Nifty Chemical Index”
Saraswat Bank become cheapest Home loan provider in country by giving Home loan at 8.15% with further 0.05% concession for women. Besides providing Existing home loan takeover with loan insurance.
Global Rating Agency MOODY, has given the thumbs up to India’s GDP growth above 6.5% for fiscal year 2025-26.
Markets Today
US markets did open in positive but ended flat except Nasdaq which was up 1.22%. Asian Markets are trading in Green.
As far as Indian Markets are concerned, some positive market reaction is expected for low inflation data and the growth in Industrial Output.
So a flattish green opening expected and small momentum can be seen if all goes well.
A rangebound market sideways moment can be seen.
And the level for bullish trend to be seen will be only after Nifty crosses 22700-22800 decisively.
A strong support is placed on lower end at 22400-22315 levels.
Market can give green portfolio today’s unless profit booking and selling happens later in day in view of 3 days market closure.
Hope so investors stay invested and Markets sees a Green ending Holi.
India’s VIX level fell by 2.7% to 13.69% indicating reduction in Fear.
Stock News
Swelect Energy Systems has secured orders for 150 MW for it’s high efficiency TOPCon Bifacial solar PV modules.
After Bharti Airtel, it’s Reliance who has also signed an agreement with SpaceX to offer Starlink internet services in India.
Some under carpet things coming out from a IndusInd Bank that their top two CEO’s have sold shares worth Rs 157 cr in 2023 & 2024.These shares were part of Employees stock option plan.
BEML has signed MoU to expand its presence in Rail and Dredging sectors
BEL has bagged another order for Rs 2463 cr from Ashwini Radars for IAF.
PFC approves a Dividend of Rs 3.5 per share with 19 March as record date.
Coromandel International buys 53% stakes in Nagarjuna Agrichem.
Zydus Life sciences has received US FDA approval to manufacture “Methenamine Hippurate” tablets used to treat UTIs. Annual sales of these tablets in US is around $ 32 mn.
Nazara Tech stock will be in focus today as it’s COO has resigned.
Gold/Silver
A good momentum in Gold and Silver were seen yesterday as both were up 1%+
Gold is now nearing 90000 mark as it’s trading at 89650 levels and Silver is back to 100000 level.
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. Break
