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Financial & Morning Updates- 20 March 25
A flat start to good end and midcap leading the way was seen yesterday . Market made good progress for 3rd consecutive day on its journey towards 23000+. All sectors made good progress except FMCG and IT. Reality, PSU and Defence stocks rose the most.
Indian Defence and shipbuilding stocks rose yesterday after Germany Parliament voted in favour of unprecedented defence expenditure..
FIIs were back to selling yesterday and were net sellers by minus 1097 cr and DII were net buyers with plus 2141 cr.
RBI will deploy ₹50000 cr in market by purchasing govt securities through an auction on 25 March.
US keeps fed rate unchanged for now .
Fitch has retained FY 26 India’s growth at 6.5%. Also the projections for FY27 has been revised upwards by 10 basis points to 6.3%. Good news Indeed!!
For consecutive 6th Day, ₹ grew stronger ..and closed 12 paise higher at 86.4 against dollar. This is the longest gaining streak since last 6 months
Oil prices fell further after Russia and US agreed on Russia & Kyiv not attracting each other’s energy infra installation. Crude Oil is now placed at $69.97 a barrel and chances of more fall is there..
Steel stocks may see some momentum today as commerce ministry has recommended a 12% safeguard duty on imports of some specific steel products for 200 days.
Markets Today
US markets were up and Asian markets are trading high too.
Market analyst predicts that recent rebound in market may continue and midcap and small cap index may see another 5% rally. But they doubted the sustainability of these indexes ahead as any sell off in these indexes will lead to sharp fall.
Today, market is once again all set to open in Green and indexes may move up from point where they left yesterday. Their are probability of market hitting around 23000 levels, and if it happens so.. It’s gonna be big boost for market and time ahead….
But be wary of Sharp- Selling which looms large post this 3 days of rally!!
Stock News
REC declared interim dividend of Rs 3.6 per share with record date of 26 March.
Vodafone launches its 5G service in Mumbai.Vodafone is also tying up with Elon Musk’s Starlink to offer satellite internet services for areas where fibre laying is difficult
After Maruti, TATA, Kia, it’s now Hyundai cars who have announced price hike upto 3% starting 01 Apr.
Various Shareholders of ICICI securities will receive parent ICICI bank shares as part of share swap arrangements as part of delisting process.
ICICi bank will issue 67 shares for every 100 equity shares of ICICI securities. Same will be recd in demat acct on 24 March.
BUY RECOMMENDATIONS
Amidst strong midcap rally seen in last few sessions, ET Analyst have come up with Strong BUY recommendations taken from various analyst for upward potential upto 46% in these midcap stocks..
Protean eGov – upside potential 46%
Jubiliant pharmova- 45%
Welspun living- 45%
Kirloskar Pneumatic- 41%
Himadri chemical- 39%
CESC- 39%
Arvind- 37%
Medplus- 37%
Karur vysya- 35%
Zydus wellness- 35%
Gold/Silver/Metals
Copper has quietly and swifty moved up and crossed $10000 per ton in rally fuelled by Trump’s tariff threats.
Meanwhile Gold is creating new highs and is on way to hit 92000. It’s presently trading at 91800.
Silver rose too and was trading at 105100.
A crucial day to see if Nifty gets past 23000 levels today. Many Analyst do believe that crossing 23000 levels will officially put lid to bearish phase in Indian markets. How true or wrong it’s time will tell??
But it’s for sure crossing 23000 will instill faith of FII back to Indian markets to quite a extent and can bring them back to Indian markets especially in this “Falling- Dollar” Season.
Chinese markets are getting benefited… Will Indian markets too will get some more boost?? Let’s wait and watch and see, Nifty hitting 23000??
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.
