Photo Courtesy: goodreturns.in
Markets Today- 23 Jan 25
The day in market is now all about survival!!
It’s just surviving a day!!
But the question is… How well u have planned ur investment in market rather than how well u survived the day!!
HDFC bank did better in yesterday results and was slightly ahead of Bloombergs estimates. And this results had massive impact on markets recovery yesterday.
Nifty touched it’s lowest around 130 pm and regained strongly to close in positive.
Lots of positive action was seen yesterday in Majority of ITs Big bulls. Including Wipro, Infosys, Tech mahindra etc.
A flattish negative opening is likely again today with bears still dominating market sentiments but experts do suggest a small recovery which can be seen during day.
Hindu business line suggests a weak start to day and also sees Budget anticipation bringing more volatility to markets.
Amidst heavy selling by FII (minus 4000 cr), After yesterdays recovery and trades in market, VIX level fell to 16.77 today.
US markets are all up as dow Jones is again up by more than 1%
Levels to keep eye on
Nifty Bullish above 23250
Bearish below 23050.
Some stock news to cheers the investors
Heritage foods Q3 profit jumps 60%.
Tata communication profit surges 424%
Laxmi organic profit up by 8%
Post yesterday’s results, Macquarie has reaffirmed it’s BUY rating for HDFC Bank with tgt set as Rs 2300
CARE ratings reaffirms Tata consumer’s A1+ ratings.
Today around 60 companies will come up with Q3 results which includes Adani Green , Ultra tech cement, Dr Reddy, HPCL etc. So definitely tough day in market 😊
Today is last day to buy BN Rathi securities to qualify for their 1:1 bonus share and 1:2 stock split. Stock is presently trading at 215. A fundamentally good stock to invest in especially after 4% correction yesterday.
BPCL has 20% YOY incr in its net profit
US based Indian ETF will Definitely continue its rally like yesterday.
Gold and Silver are in different zone now and are daily giving great move. Yesterday too Gold and Silver ETF rallied well. Today too Gold is trading higher around 82700.
Finally, please remember one move here and there still doesn’t declare markets sentiments clearly. Negativity is still intact and volatility is keeping investors on edges…
Happy Investing!!
Note: 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.
