Photo Courtesy: newindianexpress.com
Financial & Morning Market Updates- 30 Apr 25
After a good positive opening and Nifty testing 24450 levels, the indexes ended flat with Nifty remaining above 24300 and sensex closing above 80250 levels.
Gains were led by Defence, IT, consumer, oil and gas Stocks
Increasing Indo-Pak tensions today pushed all defence stocks as high as upto 20%.
FIIs continued their Buying spree yesterday with some major selling happening at end of day but still FII ended day with positive buying of Rs 2386 crore.
Indian Rupee once again closed strongly against dollar and closed at 85.26.
Easemytrip has launched its biggest Summer sale starting 29 April to 06 May alongwith ICICI Bank cards to give heavy discount on Air tickets, Bus , cab booking and hotels.
The IDFC First Bank has launched a Free of cost Kids special online University of Wealth where special online one day session is being organised for kids between age 8 to 12 yrs and 13 to 18 yrs and Financial literacy with basic banking will be taught . Same is scheduled in month of May. Students will be awarded Certificate of participation. For details banks website can be checked
Ather Energy IPO has got 28% subscribed till now. Although retail subscription is 1.12 times subscribed.Grey market premium has dropped to Rs 1.
Today over 50 companies are lined up for their Q4 results incl Varun Beverage, Adani Power, IOC, Vedanta, Coromandel International , Federal Bank.
Markets Today
US markets closed in Green today and Asian Markets are trading mixed.
A good consolidation was seen yesterday in Indian Markets , which can continue even today.
Indian Markets are set to open flat. A sideways momentum is expected today
Two key levels to keep eye on… 24550 on upper level where heavy resistance for nifty lies… And 24200 , where lower resistance if broken can bring some volatility back to market
STOCK NEWS
Vishal Mega Mart Q4 profit jumps by 88% yoy. Revenue up 23%
Indiamart Q4 profit jumps 81%
More trouble for Indus Ind bank as their CEO has now resigned. More heads may roll post the Derivatives fiasco which has shaken up bank badly.
Bajaj Finance net profit went up by 19% yoy in Q4. The board also approved Dividend of 12+44= 56 per share. The board also approved stock split in proportion of 1:2 with seperate bonus issue of ratio 4:1. So for every share, investors will get additional four shares. This is after 9 yrs company is issuing bonus shares. The exact dates for above split/bonus etc is not given , but same has to be completed within 2 months ie by 27 June 25.
Bajaj Finserv also reported jump in Q4 profit by 14%
Alembic Pharma recd US FDA approval for its oncology formulation facility
Prestige Estates recd RERA approval and launched its new project in NCR with gross development value exceeding 9000 cr
Punjab & Sind Bank reported net profit incr of 125% in Q4
Inspite of Q4 miss, Morgan Stanley maintains it’s overweight target on Trent for Rs 6359. It’s presently trading at 5390.
Gold/Silver
Wishing all a very Happy Akshaya Tritiya!!!!!
As the buying of metal has gone up today, so is the price of Gold and Silver.
Gold is now trading at 99200 levels
Silver is trading at 100500 levels
And if u looking forward for buying Gold & Silver today, just use ur mobile and BUY Gold and Silver ETFs, safe and cheapest way to buy gold this season!!
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.
