Photo Courtesy: flickr.com
Financial & Morning Market Updates- 24 Mar 25
One of strongest performance of Indian Markets was seen last week, where markets were up by nearly 4.5%+ up.
Highest ever rally and biggest weekly gains since Feb 2021 .
Market showed strength and robust activity with broader indices outperforming main indices . Towards end of week FII too had joined the rally with good buying by them.
For a change US markets too ended the week in positive
However Chinese market were down last week and Hang Seng index was down by 1.13%
Residential properties across seven top cities continued their downward trend, falling 23% in ongoing Quarter , as Buyers are staying away from Real Estate Buying/Investment.
India has imposed upto 5% Anti Dumping Duty on 5 Chinese goods including Vacuum Flasks and Aluminium Foil to guard domestic players from cheap imports.
India VIX level further fell to 12.58 levels, showing reduction of fear in Markets.
Markets Update
Top Market Analysts have given some good news for market ahead this week.
Analyst from Axis Securities, HDFC securities and Religare Broking see Nifty Bullish this week and see Nifty touching 23800 – 24000 levels this week
On upside , they see FII joining the Buying once breakout happens at 23450 which will lead to new BUYING TRIGGER!
On downside a strong support lies at 23000 levels and if so happens that will be important Fresh Buying opportunity for investors.
Markets Today are once again all set to open in GREEN. A continuation of upward movement can be seen in morning trades today. High chances of market crossing 23500 levels today…
Nifty has recovered 6.5% from its low in last few weeks and this upward movement if supported by FII can take across 23800 levels this week.
STOCK NEWS
IndusInd Bank board has hired Grant Thornton Bharat to conduct a forensic check of its Derivatives operations.
MSTC bags 2 yr contract from Coal India to provide e Auction
Reliance acquire 74% stake in Nauyaan Shipyard for 383 cr
NCC secures project worth Rs 1480 cr from Bihar Medical Services.
Citi Recommended to BUY ICICI Bank with tgt of Rs 1600
STOCKS FOR WEEK TO PERFORM GOOD
Moneycontrol and Analysts as per Economic Times expects following stocks to perform better and also good for long term investment.
BPCL
Bajaj Finance
NTPC
Tata Power
Muthoot finance
Chambal Fertilizer
UPL
Shree Cements
SBI Cards
ICICI Bank
JW steel
Indigo
HAL
SBI
Oberoi Reality
JSW
REC
PFC
Bharti Airtel
BHEL
HDFC Bank
Kotak Bank
APL Apollo Tube
Amara Raja Energy
Stocks showing weakness this week
Astral
TCS
Tata Elxi
Yes Bank
Hero motoco
HUL
Titan
Colgate Palmolive.
IDFC first Bank
L&T
Gold/Silver
This weekend Gold and Silver prices have corrected sharply
Gold is now trading at 90500, down Rs 1300 from its peak
Silver is trading at 10900 levels, down 4500 levels from its peak
Well, a promising Day and week ahead for investers. Market may test 24000 levels this week. But be wary of any selling, which can trigger the market down…
Enjoy the Green… wishing all the best!!
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.
