Photo Courtesy: moneycontrol.com/news/business/markets
Financial and Morning Market Updates- 22 April 25
Markets opened in Green yesterday and then it never had any reverse gear…Nifty slowly and steadily breached the 24000 technical resistance mark and ended day above 24100 levels.
PSU bank and Oil & Gas stocks rose the most whereas FMCG stocks under performed.
FIIs are seeing landing back in India as for 4th consecutive session, buying by FII was seen. They were net Buyers by +1970cr.
India’s Infrastructure output increased by 3.8% yoy in March compared to 3.4% in Feb. The growth was significant due to sectors like cement, fertilizer, steel and electricity
In January this year, Telcos growth/fall was as follows
Airtel– Added 16.5 lakh subscribers
Jio– Added 6.86 Lakh
Vodafone -Idea– Lost 13.4 subscribers
BSNL lost 3.7 lakh subscribers
But overall Jio still holds 85% market share in 5G markets…
Some positive news is pouring in for Indian Markets everyday. The market value of companies trading on BSE has crossed $5 trillion once again after over three months, driven by strong performances across Large, Mid and Small cap stocks
RBI has asked all banks to reassess their mobile app strategies and submit report by June.
Which is highest selling ice cream this Summers?? Well Swiggy CEO says , it’s not Vanilla, Strawberry or butterscotch but Tender coconut and Sitaphal which leads the ice cream flavor and are highest selling ice creams
FMCG sectors may not witness a good Q4 results due to weak urban demand, higher input costs and limited pricing power. Stocks like HUL, ITC, Nestle are expected to remain under pressure post Q4 results.
₹ sustained it’s strength to end day at 85.13 against US dollar. A gain of 25 paisa
Markets Today
US market once again crashed heavily with all indexes 3%+ down and showing no signs of recovery amidst it’s Tariff Tussle with China and comments by Trump against Powell.
Asian Markets are trading mixed.
Indian markets are all set to open flat with all positive sentiments intact. Analyst see Nifty heading for 24450-24500 zone in short term. A strong lower support do exist at 23850 levels.
BUY/SELL RECOMMENDATIONS
As Q4 results are pouring so is the new recommendations of various Brokerage and Fund houses…
HDFC Bank
CMP- 1927
Tgt – 2213 by Bank of Baroda Capital
Tgt- 2250 by Axis Direct
ICICI Bank
CMP- 1409
Tgt- 1650 by Axis Direct
1720 by Bank of Baroda Capital
Infosys
CMP- 1451
Tgt – 1701 by KR Choksey
1630 by Sharekhan
1600 by Motilal Oswal
Kansai Nerolac
CMP-265
Tgt- 350 by Asit Mehta Investment
HDFC Life
CMP- 712
Tgt 831 by KR Choksey
900 by Bank of Baroda Capital
850 by Motilal Oswal
HDFC Asset Mgt
CMP- 4459
Tgt- 4920 by KR Choksey
5000 by Motilal Oswal
IDFC First Bank
CMP- 66
Tgt – 54
EXIT from this stock recommended by Ventura
WIPRO
CMP- 238
Tgt – 260 by IDBI Capital
Emkay recommends SELL/EXIT
ICICI Lombard
CMP- 1791
Tgt 2150 by JM financial
Niva Bupa
CMP- 75
Tgt 90 by ICICI Securities
Q4 Results
Anant Raj Q4 profits jumped over 51% and revenue was up by 22% yoy.
Following stocks are lined up for most awaited Q4 results today
Havells
HCL tech
Huhtamaki
Waaree Energies
Vardhman steel
Tata Communications
Cyient
STOCK NEWS
HUL announced complete acquisition of skincare brand Minimalist for Rs 2706 cr.
Muthoot Finance announced a dividend of Rs 25 for Yr25
Coal India signs MoU with Damodar Valley corp to set up 2 power plants in Jharkhand.
Adani Group is developing a large Township near upcoming New airport at Navi Mumbai aiming to capitalise boosting real estate value.
Tata Motors partnered with Tata Power renewable to develop 131 MW wind solar hybrid project
Brigade Ent signs Joint development agreement for its 175 cr project at Bengaluru.
LIC has raised it’s stake in Bank of Baroda from 5.03% to 7.05% by buying over 10.45 cr shares in over 1.5 yrs.
HG infra qualified the bid for 300MW battery energy storage system project in Gujarat
Vedanta Enters $ 530 mn facility agreement with Twin star holding
Gold/Silver
Gold sustained it’s strength over 1 lalkh levels and was trading at 101420
Silver too moved up marginally and is trading at 101100 levels.
Indias famous brand Bluestone has partnered with Safegold to take investors Gold on lease with returns of 4%
Well a flattish start is expected in view of weak global markets amidst Trump’s indirect threat to Remove Powell, but a recovery can be expected to green as positive sentiments and bullish trend is intact in markets!! With FII rushing back slowly and gradually a better day can be expected.
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.
