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Financial & Morning Market Updates- 02 Apr 25
April Fool Shock!!!!— BSE dropped nearly 1400 points (1.8%) and Nifty slipped 354 pts(1.5%) yesterday due to following reasons
- Trump Tariff plan Jitter
- IT stocks hits hardest due to US markets
- Oil prices near 5 week high at $ 74.67 per barrel
- Heavy profit booking in Indian markets in anticipation of fall ahead due to Trump Tariff announcement
This was the worst Financial Year opening since COVID crash in 2020.
Vodafone Idea may become the next PSU if govt stakes crosses 50% with Government stake already reaching 49% after the latest equity conversion . In view of a above, Yesterday shares have already jumped by 20% . The new target for Vodafone now is Rs 12 and CITI has recommended BUY with high risk rating.
Indian Economy has ended the FY on high note with GST collections soaring to an 11 month high and Digital transaction reaching a record Rs 25 lakh crore.
Inspite of 3 to 4% car price hike, car companies are offering heavy discount on specific car model to clear their inventories.
Central Govt is coming up with plan to restrict New petrol and Diesel vehicles registration to curb Delhi Air pollution. Only EV, CNG and Hybrid cars may be regd in Delhi in future. Same may be implemented in Phased manner.
White House has confirmed that Trump will impose new Tariffs on 02 Apr 25. The announcement wrt same may be made today evening.
Skoda Auto India saw the highest yoy growth in yr 2024-25 with growth of 165% , followed by Kia Motor which saw 19.3% growth and Mahindra & Mahindra saw 18.3% growth.
Hyundai and Maruti yoy sales dropped by 2.2% and 1.3% respectively.
NHAI has announced hike of toll charges by 4-5% across country.
FII were net sellers with sell of minus 5900 cr and DII were net Buyers with BuY of plus 4323 cr.
Not just market, Indian Rupee may react to US tariffs and bond yields.
Markets Today
US markets ended flat and Asian Markets are trading flat.
The way market reacted to much anticipated Trump Tariff yesterday, it’s expected that market may remain volatile for days ahead….
A muted/flat start is expected today and a sideways momentum is expected. In case of sell off by big players in view of Trump Tariff, some pains could be seen today
In case Nifty holds above 23100, some recovery can be seen.. And on contrary, breach could push Nifty today to 22900 levels.
Buying opportunity in specific stocks will be created for those sitting with Tax Harvesting money today….
STOCK NEWS
TVS Motor clocks 17% growth in March.
Vadilal family has settled their dispute, leading to 13% jump in share value
Surya Roshni records it’s highest ever monthly sales.
BUY RECOMMENDATIONS
HAL (by I-sec)
CMP- 4223
Tgt- 5000
Federal Bank(by Axis)
CMP- Rs 192
Tgt Rs 213
Go Fashion(by JM financial)
Rs 696
Tgt 980
GAIL (by I-Sec)
CMP- Rs 186
Tgt- Rs 245
City Union(by I-Sec)
CMP- Rs 160
Tgt Rs 200
L&T(by JM financial)
CMP- Rs 3436
Tgt Rs 4015
Ashok Leyland (by I- Sec)
CMP- 209
Tgt Rs 250
HDFC Life (By Ventura)
CMP- 692
Tgt – 870
Titagarh Rail system (By Geojit BNP)
CMP- 798
Tgt- 1050
Gold/Silver
Geopolitical tensions boost Gold’s demand.. And pushing prices up.
Investors of Gold has already earned 18% returns in last 3 months of 2025(since 01 Jan 25).
Gold breaches 94000 and is trading at 94100 levels
Silver increased marginally to 105100 levels.
Well, some pains expected today.. In case of sell off before Trump Tariff announcement… Look for accumulating ur favorite stocks .
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.
