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Financial & Morning Markets Update- 09 Apr 25
Indian Markets came back strongly yesterday with all indexes blazing..
Media, PSU bank and consumer durables led the rally yesterday…
The Nifty ended strongly above 22500 levels and sensex above 77200 levels.
Only one stock in Nifty50 fell yesterday and that was Power Grid. Rest all were up
India is considering reduction in import duty, as low as zero percent on certain goods from US.
Reciprocal import duty by US kicks in from today.
A big day today as all eyes are on RBI … Waiting for repo rate cuts.
This could be a important and big turning point for Bull to come back…if rate cuts happens….
In case RBI keeps rate unchanged, the Bears will grip the market stronger as of now….
A strong push for 0.2-0.25 Bps rate cut is seen by analyst….will it happen?
A new toll system will be in place in India within next 10 days. As per Union Minister for Road Transport and Highways, new system will reduce Toll Tax.
India become World’s 3rd Largest Wind and Solar Power producer surpassing Germany.
India’s mobile phone exports crossed 2 lakh crore in FY 2024-25 , a increase of 54% yoy exports. I-phone alone contributed 1.5 lakh crore of exports.
Skymet has predicted a normal monsoon this year to the tune of 100% of long period average rainfall.
₹ ended weaker against dollar at ₹86.26 per dollar.
Oil prices fell further by $1 per barrel to close at $ 62.74 a barrel.
India’s VIX level improved and fell by 10.3% to settle at 20.44 levels which shows reduction of fear in marlets.
Market Today
US market opened strongly last night but closed in Red, with Dow Jones down by 0.85% and Nasdaq down by over 2%.
As US starts off Tariff implications from today, all Asian Markets are in Red.
As far as Indian Market is concerned, all eyes will be on RBI for rate cut. But before that market is again set to Open in red by 200+ points with Nifty likely opening levels may be around 22350 . So brace up for around 1% down start today.
Although markets remains very volatile but their are high chances of rebound post 10 am … If rate cut happens!!
A stability in market can only be seen once nifty crosses 22800-23000 levels. And on downside strong lower support for Nifty is at 22300-22350 levels.
STOCK NEWS
Mazagon Dock declares dividend of Rs 3 per share with record date of 16 Apr
Amidst this Volatility Indigo made new 52 W high as it hits 5199.
ICICI Pru is declared No 1 insurer by Hansa Research Life Insurance CuES report 2025 amidst 13 top Life insurance companies
Senco Gold reports 23% yoy growth in retail with record high revenue in Q4.
Swiggy Instamart launches a new feature “Maxxsaver” aimed at offering discounts on bulk purchases.
Tata Motors faces 92% drop in EV orders. Tata EV holds 53% shares in EV Market.
Phoenix mills Q4 earning grows by 15%
Cochin Shipyard signs MoU with Drydocks world to develop Ship repair clusters.
Indian Oil to invest Rs 61000 cr in Odisha Petrochemical hub.
Shyam Metallics reports 18% yoy growth in stainless steel volumes for Q4.
NTPC green commissioned a 90MW unit of Dayapar Wind Energy in Gujarat.
IRB infra toll collection in March jumped by 16% and FY 25 overall collection jumped by 23%
BUY RECOMMENDATIONS
Here are some fresh BUY recommendations given by Fund house/Brokerage companies
UNO Minda
CMP- 837
Tgt 900
By Axis Direct
Samvardhana Motherson
CMP- 115
Tgt 161
By Trendlyne
KEC International
CMP-664
Tgt 742
By Axis Direct
Godrej Consumer
CMP-1197
Tgt- 1325
By Emkay
Delhivery
CMP-249
Tgt- 400
By Emkay
Fine Payments Bank
CMP- 216
Tgt 300
By Emkay
Titan
CMP- 3122
Tgt-4000
By Goldman Sachs
Gold/Silver
Some buying returned in Metal segment and Gold moved up substantially yesterday to trade now at 90700 levels…
However Silver remained flat at 94000 levels.
Well, a small buying opportunity does exist this morning for investors before RBI announcement happens. And their are high chances of rate cuts being announced by RBI. And if so happens some recovery may be seen in market today!!
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.
The article is a good collation of important financial developments.
Analysis of selective issues will be appreciated.
Point in case is India’s reduction of tariffs on certain US products… Was Trump right? How will the loss of tariff affect Indian business in these sectors etc…