Photo Courtesy: defence.in/threads
Financial & Morning Market Updates- 16 May 25
After erasing early loses, markets recovered and ended 1.5% higher.
Reports of zero-tariff trade between US-India triggered the markets yesterday.
Oil prices continue to fall. Brent crude dropped 3.5% to $63.8 per barrel.
FII continue to be in buying mode…FII were seen buying, in last 19 out of 20 sessions
Japans economy shrank for first time in Q4 at a faster place than expected.
Hero Groups new venture into reality sector named “Hero homes” has attracted house buyers as they launch new project in Dwarka Expressway in NCR with price starting 4.7 cr.
Motorola Edge60 fusion and pro model has taken mobile markets with storm as they r offering all premium features like best of camera, best of battery, best of AI , curved screen, Dolby speakers etc at starting price of 22500. Stocks are fast going off the shelves , both online and offline.
Car sales jumped by 4% in April and created new sales records
Nifty India Defence stocks index was seen rising 25% in last 8 trade sessions since India-Pak conflict on hopes that India will replenish it’s arsenal . Also good Q4 results r pushing the index upwards.
India’s Goods export rose by 9.1% in April amidst trade war clouds around. This is fastest pace in last 6 months. However Trade deficit widened to $26.4 bn, highest since Nov.
Markets Today
US markets closed in Green and Asian Markets are trading mixes today.
Indian markets crossed decisive resistance level of 24750 and finally 25000 levels yesterday boosting market sentiments further. Nifty is now just 1200 points short of its all time high.
With above sentiment and breakage of resistance level, markets are set to open flattish as of now. But can move up in day after flattish start.
Levels to keep eye on
Bullish above 25240
Bearish below 24900
FII bought heavily yesterday with net buy of +5400cr
Investors can expect testing of 25200 levels which if broken can take market to 25400 levels in short term.
However on lower side a strong resistance of 24900 should be in mind for any buying opportunity.
India’s VIX level fell further to 16.89 levels.
Stock News
Bharti Airtel will be in focus today as Singapore Tel is expected to offload 5 cr shared of bharti Airtel today. Floor price is likely to be 1800, viz 3.6% less than current price of share. A big drop can be seen here today
ITC hotels has reported increase of 17% profit in Q4.
LIC HSG Q4 profit jumped 25%.
Patanjali Q4 profit jumped by 76%
Godfrey Philips profit jumps 31% in Q4
PB Fintech Q4 profit jumps 38%.
JSW energy Q4 profit jumps 20%
Gold/Silver
Gold has corrected upto 5-6% from its highest levels due to easing Geo – political tension and Tariff war creating good buying opportunity for long term investment.
Towards end of market Gold recovered well and was trading this morning at 96200 levels after touching 94400 levels.
Silver was trading low at 97000 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.
