Photo Courtesy: usatoday.com/story/money
Financial & Morning Market Updates-25 Apr 25
Sensex snaps 7 day rally amidst Geo-political tensions across incl India- Pak tension . A Strong recovery rally of 8.6% came to end yesterday. This was one of strongest recovery rally by Indian Market.
Weak performance by FMCG added negativity to index.
It’s China which is topping the foreign/FII shopping list of Indian Mutual Funds. And on same line it was Indian Mutual funds which did maximum buying of Chinese Stocks.
As we all have been looking at Equities Markets, FII have quietly withdrawn record money from Indian debt market and pumped same into Indian Equities and US’s Debt Market
FIIs are non stop buying the Indian Equities which indicates their long term perspectives on Indian markets. Yesterday FII have bought + 8250 cr of stocks.
Insurance cover for Indian Army offrs has been increased from 1 cr to 1.25 cr. The AGIF subscription is now revised from 10000 to 12500. Same will be applicable wef 01 Apr.
As Indus Water treaty comes to halt, the Indian Hydro electric power generation plants have started increasing their outputs. Many power plants related stock will see some good results soon with this output.
ICL Fincorp , a renowned Finance company regd with RBI with Crisil BBB-/Stable ratings have launched NCD with returns upto 12.5% (5 yrs tenure) and 11% for 13 months tenure.
Travel time and cost to flights for Middle East, US, Europe and Russia is set to go high as Pak shuts airspace.
Greater Noida authority has made the flat registration compulsory at time of booking flat and not at time of completion of flat. New rules makes it compulsory to execute a regd agreement between buyer and builder once first 10% payment is made.
Malabar Jwellers and SBI card have joined hands to offer huge discount on jwellery this Akshay Tritiya season A 25% making charges off + free silver coin on advance booking + Rs 2500 cashback with SBI card is being offered.
₹ gained 12 paise to 85.33 against $. Analyst see this decline in dollar value due to falling crude oil prices and heavy inflow of FII back into Indian Markets.
Q4 Results
Tech Mahindra Q4 profit Jumps 76% yoy. Revenue up 4%. Tech Mahindra also declared a dividend of Rs 30 per share
Adani Energy Q4 profit up by 79% yoy and revenue jumps by 35%
HUL Q4 profit rises 4% and revenue up by 2%. Misses target
Nestle India Q4 profit down
Axis Bank reported a decline in Q4 profit. A big disappointment as Analyst had predicted a good growth here.
SBI Life’s Q4 profit has fallen flat with a growth in net profit of only 0.3%
Nestle has reported a decline of yoy profit by 5.2%
Markets Today
Some good signs from Global markets across is seen this morning, as US markets ended in green and all Asian Markets are up.
Indian Markets too are set to open in Green today and likely to breach 24500 levels once again.
A good strong rally of 7 days followed by pause yesterday does indicate a bit fatigue in markets. Although a tgt of 23600-23800 is seen by analyst in short term but they also see a small correction coming up with a strong resistance at downside at 24300 levels before markets move up again.
India’s VIX level rose by 1.8% to 16.25% showing increase in Fear in Market.
STOCKS NEWS
Samhi Hotels announces JV with Singapore GIC to develop upscale hotels in India.
ED has detained Gensol co promoter and BluSmart cabs founder Puneet Singh Jaggi from Delhi for financial misconduct and diversion of funds .
RBI may have found lapses in Operations of micro finance company Spandana Sphoorty Financial. Share value may see some shock here.
Devyani International , franchise ot KFC and Pizza hut in India has acquired over 80% stake in famous Biryani by Kilo for Rs 413 cr.
STOCK RECOMMENDATIONS
Some strong stocks recommendations have come in from International/National Brokerages
Devayani International
CMP- 179
Tgt- 220
Recommended by BERNSTEIN
Anant Raj
CMP- 488
Tgt – 700
Recommended by NOMURA
Divis Lab
CMP- 6216
Tgt 7050
Recommended by CITI
HCL Tech
CMP- 1594
Tgt 1800
Recommended by BNP Paribas
Niva Bupa Health insurance
CMP- 83
Tgt- 100
Recommended by Motilal Oswal
GOLD/SILVER
If you think , you are the only few who is accumulating and investing in Gold…u may be wrong..
RBI has bought a record(second highest ) 57.5 Tonnes of Gold in FY24-25. RBI’ Gold holding has moved up from 822 Ton to nearly 880 tonnes.
Post news of India- Pak conflict and heavy storage of Gold by RBI, the gold rates in India moved up to 99400 levels.
Silver was trading flat at 100900 levels.
Well, a good opening can be seen today and stocks with good Q4 results are likely to see good momentum. FMCG stocks will be taking hit as results of all top FMCG companies have been disappointing. IT index is seeing a great recovery in last few days…
Stay consistent with ur SIPs/SEPs and investment plans… That’s the key to make money!!
A good end to week is on cards, unless heavy selling happens!!?
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.
