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Financial & Morning Market Updates-29 Apr 25
A superb recovery by Indian markets to close Nifty above critical levels of 24300 and sensex above 80000 levels. The best part and most important reason for yesterday’s boost was Giant Reliance share which rose by over 5% and closed above 1350 levels after their fantastic results.
Indian defence index, and Oil & Gas boosted the market further
FII were once again seen buying in Indian marlets yesterday with net buy of + 2474cr and DII bought for net + 2800 cr
India’s March industrial output was up 3% yoy as compared to 2.7% a year ago.
New ITR forms will again haunt the tax payers, as govt is likely to bring some changes to previous ITR to include foreign holidays etc . AIS also will undergo some changes for better data Analytics to highlight all incomes.
Ather Energy IPO recd luke warm response on opening day garnering 16% subscription on first day.
On occasion of Akshay Tritiya, Kalyan Jwellers, Tribhovandas Bhimji zaveri, Kisna jwellery has started offering upto 50% off on making charges for their jwellery.
Tourism this summer in Himachal Pradesh is taking a major hit as temperature in hills are soaring as high as 40 degrees. Many bookings have been cancelled as Kasauli reported nearly 28 degree, Una reported 41 degree, dharmashala 32 degree, Shimla recorded 27 degree. And keylong in spiti recorded over 17 degree.
Rupee strengthened against US dollar and closed at 85.23 against US dollar. Appreciation of 18 paise.
Markets Today
US markets closed in Green and all Asian Markets are up today.
A green flattish opening is on cards today for Indian Markets with a test of 24550 levels in day if index move upwards.
Any movement of Nifty below 24200 can trigger movement below 24000 in short term, but movement upwards beyond 24400 can take Nifty to new resistance level of 24550
Q4 Results
TVS motor net profit rose by nearly 70% in Q4
Go Digit General insurance reported strong growth with net profit doubling in Q4
Ultra tech cement Annual profit was down by 4% but Q4 profit rose by 10%
KPIT has posted 49% yoy growth in net profit.
IRFC net profit rose by 1.8% in Q4
Adani Gas net profit fell by 8%
Aditya Birla Sun Life profit rose by 9% in Q4
Nippon India AMC Q4 profit fell by 13%
KFin tech profit declined by 5.7%
CSB Bank reported rise of 26% yoy profit in Q4
Central Bank too reported a profit increase of 28% in Q4
PNB housing finance profit rose by 25%
UCO bank profit jumped by 24%
Adani Green Energy reported 53% yoy incr in net profit for Q4
Some companies lined up today for their Q4 results
Five star Business
Star Health Insurance
Schaeffler India
UTI AMC
Punjab & Sind Bank
Ambuja Cement
STOCK NEWS
Post strong results of Reliance in this Quarter, Top brokerage like Jefferies, CLSA, Nomura etc see 20%+ % rise in Share price of reliance from present levels.
Embassy REIT raises 675 cr for debt at 7.1% yield.
Analyst see a major dip coming up in Indusind stocks as their Q4 results will be a major loss making quarter. Investors holding same can consider exiting this stock before results declaration to avoid heavy losses or brace for major impact
CESC signed a power purchase agreement for 300MW wind solar hybrid project.
Gensol Engineering which has hit 52W high of 1125 is now trading at Rs 86 per share. Analyst see this share dropping to below Rs 20 shortly. Unbelievable southward journey!!
Gold/Silver
Analyst are seeing a consolidation phase for Gold from here but are now betting heavily on Silver.
The Gold to Silver ratio is at 100, which is highest since last so many years.
The ideal ratio lies at around 80-85 levels.Hence a good momentum/recovery in Silver prices are likely in near future…
Gold has surged 25%+ in 2025 but silver only has moved 14% this year.
Famous metal analyst Damani has recommended to Buy Silver and bet against Gold, as a Gold to Silver ratio will decline by around 10% and silver price zooming to 110000 levels in next 5/6 months.
So it’s time to Be Silveristic amidst this market volatility and Gold zoom!!!!!
TOI gave a good analysis for those who love to buy physical gold on Akshay Tritiya.If you have been buying 10 gm Gold consistently on every Akshay Tritiya , your Gold would value as follows
Last 3 yrs
U paid – 1.9 lakh
Current value- 2.9 lakh
Last 5 yrs
U paid- 2.8 lakh
Current value- 5 lakhs
Last 10 yrs
U paid – 4.3 lakhs
Current value – 9.9 lakhs
Last 15 yrs
U paid- 5.6 lakh
Current value- 14.8 lakhs
And if u have been doing same investment in ETF, add 3 to 5% more to Current value.
But never forget , post removal of indexation benefits in 2023 gains from physical gold are taxed at slab rates as ur gains are added to total income.
Gold fell by over 2500 yesterday to recover and trade now at 99700 levels.
Silver is trading flat at 100500 levels
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.
