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Financial & Morning Market Updates- 14 May 25
To start day, Heartiest congratulations to all proud parents whose wards have cleared 10th and 12th exam yesterday…!!!!!
In Markets, An expected consolidation was seen yesterday after marathon rally on Monday.
A heavy profit booking was seen yesterday which pulled Nifty to 24500 levels, a fall of around 1.4%.. But do you know Nifty midcap rose by 0.2% and small cap index closed up by 0.8%!!
Chinese defence stock took major hit post Indo-Pak ceasefire . The stocks have fallen upto 10%. On contrast Indian defence stocks have sky rocketed .
₹ closed flat at 85.33 levels after touching a peak of 84.63.
Retail inflation fell to 69 month low in April. Good point about same is, RBI may reduce repo rate further which may reduce loan rates and not so good point as DA hike may be around 1-2% for Half year ending June😊
Govt is now floating Rs 20000 cr scheme to boost ship building and repair hubs in Odisha, Andhra Pradesh, Gujarat and Tamilnadu.
Trump may not be Indians favourite now, post his comments on Kashmir, but Trump Towers in Gurgaon got sold out in a day of its opening. These residential flats price costs between Rs 8 cr to 15 cr and 298 flats were sold yesterday. This has become India’s biggest luxury deal.
Monsoon has hit Indian coast, 9 days prior to scheduled time.
Tourism Industry is set to revive in Leh, which was hit due to ongoing Indo -Pak conflict and Pahalgam attack as tourist from Srinagar Axis had gone zero. Traditional Manali- Leh Axis had opened via Baralachla-Sarchu-Lachunhla- Tanglangla -Karu-Leh.
Markets Today
US markets ended in Red and Asian markets were trading mixed.
Indian markets are set to open in flattish green….
Resistance to breakout lies at 24700.however any breakdown below 24450 can take market to 24300 levels.
Stock News
HAL allocates Rs 3000 cr for Capital Expdr for FY 26. This is to support new projects like LCA Mk2 and GE F414 engine.
Pains for Asian Paints have become severe and severe!!! Reliance Ind has decided to sell its 5% stake in Asian Paints after staying Invested for 17 yrs. This 5% works out to be exit of Rs 11,141 cr sale of shares.
Airtel posted a five fold increase in Q4 new profit. A jump of 77% in net profit.
Tata motors Q4 profit declined by 51%.
Hero moto profit drove up by 6% in Q4.
Cipla reports 30% rise in net profit in Q4.
Aditya Birla Capital reported drop of profit by 30% in Q4.
Fine US companies have submitted bids in GAILs tender for acquiring upto 26% stake in LNG.
Jubilant foodworks, Torrent power, Muthoot fin, Apollo Tyres, Tata Power are lined today for their Q4 results.
BUY RECOMMENDATIONS
Some big brokerage houses have issued BUY recommendations
Reliance Ind
CMP- 1416
Tgt 1595
Recommended by CITI
GAIL
CMP- 185
Tgt- 248
Recommended by Morgan Stanley
IIFL Finance
CMP- 405
Tgt- 550
Recommended by HSBC
Tech Mahindra
CMP- 1572
Tgt- 1976
Recommended by CLSA
BEL
CMP- 335
Tgt- 395
Recommended by HDFC Sec
SBI
CMP- 801
Tgt 873
Recommended by HDFC Sec.
Gold/Silver
Gold saw increase in its price after heavy buying was seen yesterday. Gold is now trading at 97000 levels.
Silver was trading flat at 98000 levels
Well, a flat opening and sideways momentum can be seen in markets and range bound too… One can look for BUYs on DIPs…
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.
