Photo Courtesy: barrons.com
Financial & Morning Market Updates – 21 March 25
Stock market completed 4 straight sessions of rally and Nifty is up 3.5% this week.
It’s official now as top analyst have declared that “Bulls have retained their Grip on Dalal Street”!! And if the market ends even flat today, this will be highest weekly gain since July 2022.
Sensex closing above 76000 , a one month closing high.
For a change, IT stocks also joined the rally .
All Asian markets fell heavily yesterday except Indian markets!!
US pharma major Eli Lilly has launched its globally popular Anti Diabetes and Obesity drug Mounjaro(Tirzepatide) in India… kicking off a series of more such launches in next few months in India. Rs 14000 for monthly kit of weightloss medicine is buzz of this launch.
Government has withdrawn subsidy support to Rupay Debit cards. So all freebies on Rupay cards may end soon.
PFRDA has notified the implementation of Unified Pension scheme rules for Central Government employees from 01 Apr 2025, which promises 50% of avg Basic Pay drawn over last 12 months prior to retirement.
After 4 days of Strong rally, India’s VIX level fell by 5.2% to 12.6 levels , which shows huge reduction of fear in Market.
Some good news from one of Top Analyst Palak Shah, Vice President of Institutional sales, PL capital as she sees that “No major headwinds are seen in Indian market presently and with Q4 results expected to be better than Q3 results, Indian markets can gain 10-12% upside from here”!!
FII had joined the party yesterday and turned net Buyers at plus 3239 cr but surprisingly DII came out to sell and were net sellers at minus 3136 cr.
Delhi T1 terminal will be fully operational from 15 Apr and T2 will be shutdown for major repairs.
Defence Acquisition council clears capital acquisition worth Rs 54000 cr.
Crude oil prices had risen by 42 cents to $ 72.4 per barrel.
₹ stayed firm and appreciated by 1 paise to close at 86.36 against the dollar.
Markets Today
ET reports that Nifty has created a robust Bull candle with a bullish gap below it’s base (22940-22973) , indicating that positive momentum is likely to continue.
In short, market recovery will continue in short term, driven by Favourable global cues and Value buying at lower levels.
US markets closed in Red and Asian Markets were trading mixed.
Markets are set for flattish Green Start today. It’s likely that market may open above another benchmark of 23200. Can it sustain these levels.. Let’s wait n watch?
Analyst says that follow through move above 23200-23250 will signal continuation of upward Move towards 23500 levels. And failure to do so will lead to some consolidation in range of 22800-23200 levels.
Stock News
Hindalco industries unveils new brand identity and plans to invest ₹ 450 bn in Engineered products.
Yesterday Cable stocks saw another jolt as Adani enters cable and wire business, leading to 7/8% fall in major Cable stocks like Polycab, Finolex, Havells etc. Last month Aditya Birla group too jumped into this sector causing panic in existing cable business leaders.
TVS Motors declared an Interim dividend of Rs 10 per share with 26 March as record date.
SBI. Life acquires 2% stake in Bima sugam for Rs 6.6 cr
Tata Power Solar Rooftop hits 1.5 lakhs installations, boosting India’s Green Energy.
Heromotor corp has announced investment of upto ₹ 525 cr in three wheeled electric commercial maker Euler Motors.
US’s Bain Capital will buy 22% stake in Mannapuram Finance. Some momentum in this stock can be seen today.
Adani Group is in talks to take over Real Estate Company Emaar India soon. Remember Emaar is Dubai based real estate company which entered India in partnership with India’s MGF Development and same ended in April 2016 through a demerger process.
Gold/Silver
Gold and silver are trading flat without any much change of prices.
Gold is trading at 91800 levels and silver is at 105200 levels.
So, last trading day of the week, keep an eye on levels and hoping to see the week ending in green and also hoping to see markets completely in grip of Bulls…
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.
