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Financial & Morning Updates- 26 May 25
It was a decent breather last week for Indian Markets where it saw a strong consolidation and minor corrections.
Overall net weekly loss was only 0.67% and FII did sell Rs 11591 cr in May till now but they bought for 13835 cr too.
Nifty did create a trading range between 25100 & 24500 levels. And even in this upcoming week, markets are likely to consolidate in this 600 points range.
For any action beyond this range, Nifty has to break the strong resistance of 25100 -25200 ….
Analyst believe that markets may remain in challenging environment and face strong resistance near 25100 levels. Also any move downside 24500 will read to crashing to 23900-24000 levels
So be cautious of above levels these week!!!?? This week may be week of consolidation with mix of ups and downs as analyst see a strong consolidation near 24500 unless Nifty breaks out from 25100 levels
As per CNN News 18 report India has surpassed Japan to become World’s 4th Largest Economy. India is now behind USA, China and Germany. India’s GDP stand at $4.19 trillion and Germany s GDP stands at $19.23 Trillion.
US president Donald Trump threatened Apple company with 25% tariff on iphones for making their phones in India or somewhere else other than US. Apple shares fell by 4% post this statement by Trump.
Trump also announced 50% duty on imports from Europe.
Andhra Pradesh CM has pushed its case for shifting of HAL’s Advanced Medium combat Aircraft and Light combat aircraft production from Karnataka to Andhra Pradesh’s Lepakshi -Madakasira hub which is one hour from Bangalore Airport.
Besides Same Andhra Pradesh has offered new hubs for set up of new Air force station in Dona konda and Additional Naval infra in Vishakhapatnam. New Drone hub in Kurnool and R&D centre at Tirupati are some proposals for Devp of Defence Infra in Andhra Pradesh. Centre is now considering these proposals and Tejas manufacturing is likely to be shifted to Andhra in near future.
Aditya Birla Sun Life insurance becomes first Insurance company to include Coverage of death due to war or acts of terrorism in all their life insurance policies. Policy holders must declare occupational hazard including working in combat role while taking policy. Besides this few insurance companies have started adding this clause on demand while taking policy as one of add ons.
Byju app is now taken off from playstore. Please don’t pay anything anywhere for this app usage.
The Leela Group’s Schloss Bangalore IPO is now open for subscription. Last date is 28 May 25. GMP has gone up by Rs 22 for IPO
Aegis Vopak Terminals also opened its IPO today. GMP is Rs 17.
Not so good news for those who follow youtubers and other social media channels for input on Markets. As per ET, 60% Indian influencer have sponsorship from various stock promoter as part of “Pump and Dump” operations. Also many other ( nearly 38%) haven’t disclosed their financial affiliations. So next time when u see such reels/you tube videos..it’s 98% sponsored or affiliated.
Markets Today
Although Nifty closed last week on downward trend but the weekly momentum indicator remains in Bullish trend!!
There is no trend reversal likely at this time, however some short term sentiment indicators will fluctuate between overbought and oversold conditions.
But being the monthly expiry week, one always sees a trend of profit booking in end .. nevertheless the overall trend remains upwards.
BUY on Dips and Sell on Rise will be key to trade. Regular buying along with Timely profit booking is the way out this week!!
Presently 226 of the top 500 stocks are trading above 200 day moving average. Analyst believe that whenever , a stock or index is above it’s 200 DMS, its said to be in long term uptrend!!
Nifty levels to keep check on
Bullish above 24900
Bearish below 24750
Markets are set to open in Green ..as day looks Bullish.
Stock News
Some good news for Hyundai Motors, NTPC Green Energy, Swiggy and Waaree Energies as they all will become part of FTSE global equity indices in Large Cap category, whereas ITC Hotel will move from Large Cap to Mid cap segment.
Ashok Leyland Q4 up by 32% yoy. Ashok Leyland approved 1:1 bonus issue of shares.
Big news for Paytm shares holders as Supreme court stays Rs 5712 cr GST notice .
JSW steel profit jumped by 16% in Q4. Announces dividend of Rs 2.4 with record date of 8 July.
NTPC reported 4% rise in Q4 yo yprofits.
Tata Steel is rolling now ..as it announces the new Kalinganagar plant at Jajpur Orissa which will increase crude steel capacity from 3 to 8 million tonnes per annum
GMR Airport saw loss of 253 cr in Q4
Stocks To BUY
Moneycontrol, Axis Securities , Religare, ASiT Mehta have released some stocks which will expect some good momentum this week
Angel one
Max financial
HDFC life insurance
Solar Industries
Dalmia Bharat
Bosch
Tata Steel
Delhivery
Tata Chemicals
SRF
Hindustan Copper
ICICI Bank
Apollo hospital
Axis Bank
BPCL
GAIL
SBI
NMDC
Indian Hotels
LIC
Besides here are few other BUY/SELL RECOMMENDATIONS released
Emami Ltd
CMP- 595
Tgt 745 by Sharekhan
IndusInd Bank
CMP-793
Tgt- 650 . SELL recommended by ICICI Securities ,Motilal and Emkay
NHPC
CMP- 85
Tgt- 72 . SELL recommended by ICICI
115 . BUY recommended by Ventura
Power Grid
CMP- 298
Tgt- 361
Interglobe Aviation
CMP- 5521
Tgt – 6377 by ICICI securities
Dabur
CMP-481
Tgt – 570 by Sharekhan
PFC
CMP- 405
Tgt- 485 by Motilal Oswal
Gold/Silver
Gold fell sharply after touching 1 lakh level yesterday. It’s now trading at 98600 levels
Silver was also trading marginally low at 100000 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.
