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Financial & Market Update- 05 Feb 25
Indian Markets soared as US paused Tariffs plan on Canada and Mexico easing Trade Tensions.
All sectors were in Green except FMCG.Nifty gained 1.6% and finished above 23700 levels.
A report of ET says that over 50% of Nifty Stocks are still expensive Despite the ongoing market corrections. And to name, BEL, Power Grid, Grasim, Tech Mahindra, NTPC, ICICI , SBI etc. But the report also highlighted good stocks are also available at discount ie current PE is less than 10 yr avg PE which investors can eye.. For eg.. HUL, Eicher motor, Cipla, ONGC, Tata Steel, Coal India, Apollo, HDFC Bank, Axis Bank etc
SEBI will now allow retail investors to participate in Algorithm Trading(Algo Trading). Same will start from August this year.
For first time DII is now nearly equal to FII investment. This is big news especially wrt reduction of control of Markets by FIIs in future. After long finally FII ended up day in Positive as FII bought in + 809 cr but DII after long were net sellers minus 430 cr. After 22 sessions of trade FII have ended up as net Buyers… Some good signs for market??
India’s VIX level which dictates fear in market has improved further to 14.02 which suggests traders see lower risk in near term.
Finance Secretary has confirmed that no new Taxes are included in New Direct Tax Code bill which is being placed in Parliament shortly.
TRAI has now given okay for sale of 18000 cr of 5G spectrum. Auction may be held shortly. As the govt announced opening of Nuclear Energy sector to private entities, Tata Power has started exploring diversifying into small modular reactor business and Also Tata power has confirmed that they are eyeing 20% share in rooftop solar market in next fiscal, up from 14% now. This is wrt enhanced budget released for PM Surya Ghar muft bijli yojna. So keep an eye on Tata power!!
Market Today
US markets are up and Asian Markets are trading mixed.
Technically yesterday’s closure was seen as important one for Indian markets as same indicated determined efforts by bulls to reclaim lost ground. Taking cue of same, Indian Markets are all set to open in Green today🟢
Levels to keep eye on
Next target for market stands at 23900-24150 levels upwards with some resistance expected at 23800 levels above which bullish pattern is expected
However downwards bearish market is expected if Nifty falls below 23600.
Consolidation phase may be seen which may move markets sideways in day.
Stock news
Mobikwik slips into losses in Q3. ❌
RVNL recieves order of 404 cr from EC railways. ✅
Pains for Asian Paints stock holders is not ending as Q3 profit for Asian Paints falls by 23% YOY. ❌
L&T bags huge order on Middle East and North Africa ranging from 5000 cr to 10000 cr✅
Net profit for Q3 fell for Titan by 0.6%❌
Tata power Q3 rose by 8%✅
Lemon Tree Q3 profit jumps 77%✅
Kalyan Jwellers bounced back strongly yesterday with its very strong Q3 results ✅
Power Grid Net profit fell by 4% in Q3❌
Goldman sach has given BUY rating for Titan with tgt of Rs 3900 against CMP of 3597✅
Keep an eye as NTPC green, Swiggy and Bajaj housing Finance could join Nifty Next50 this month.✅
Gold/Silver
So if you thought you are the only one who is accumulating Gold in this voltality, let me tell you, even RBI did same. They have added 72 Tonnes of Gold in 2024 and surpassed Japan in Gold holdings and now are ranked 9th in world to hold largest Gold reserves.
Yesterday gold had pulled back to 85000 levels but with China putting tariff back on US has escalated Gold prices and is now trading at 86700 levels. Silver too moved up .
A famous saying….
When in Doubt… Buy Gold!!
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.
