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Financial and Morning Markets Update- 17 Feb 25
In last 4 months, FII/FPI have sold shares over 21 billion dollars . Till now, it wasn't cause of worry.But analysts now raise the eyebrow that selling by FII at such low levels in February when nearly 80 % of shares are trading at 20 to 70% low levels is now cause of concern and same amplifies the Bearish concerns.
But this selling is only 2.7% of their total equity holdings as per NSDL data.
A ploy by DII is also seen where they are nowadays bidding the stocks as such low levels to make FPI/FII exits costly and this is also turning out to be reasons for stock falls.
Nifty is presently down by 12.5% from its record high.
Nifty smallcap is down by 23% since it’s all time high
Nifty Midcap is down 18%.
So to summarize above point… One of signs of market recovery will be…. FII coming back to buying spree!! For not just 1/2 days but for atleast 5/7 days…
Till then Bears are ruling……
Lenskart is planning it’s IPO soon.
Global research firm Kantar has predicted turnaround in Indian FMCG sector after demand of daily groceries and essential in cities increased 5.3% yoy in Q3. Even the sale volume has increased substantially.
As per experts and analysis of Elliot wave principal, Technical indicators point to continued near Term weakness in Market, with Nifty likely to test 22670 levels before attempting a counter trend rally.
Some expert predictions
Jatin Gedia, Technicql Research Analyst- Retraction from 22670- 22460
Sacchitanand, VP Technical & Derivative— Nifty must breach 23300 to 23410 to regain bullish momentum
Pritish Mehta, Executive VP Research- A break below 22800 , will lead to smart recovery. He doesn’t expect price to sustain at lower levels and quick recovery is seen from lowest levels. Pullback rally to 23200.
Markets Today
On Friday US markets had ended mixed. Asian Markets this morning are trading towards negative.
Q3 season is now over and sentiments last week were all negative. Markets are now moving more because of sentiments than much of Technicals.
Markets are yet to react to Modi- Trump meet which had happened and concluded on Friday. Let’s see how it reacts today.
As of now market start is likely to be flattish towards positive. And to move up first tough resistance is at 23250, but any downtrend below 22800 will open a downside…. To new lows.
India’s VIX which is fear in market has gone up by 0.4 % to 15.02
Samco Securities has predicted a rebound after 8 red days. This 8 day fall has happened first time in 2 yrs and 6th time in last 8 yrs.
Stock Updates
PFC and NATCO have declared their 3rd dividend for Rs 3.5 and Rs 1.5 respectively. With ex date of 28 Feb and 18 Feb.
HFCL declares it’s plan to become 10000 cr revenue enterprise, betting on growth from. Overseas sales.
Bank of India has raised 2690 cr from 10 yr infra bonds
Zen Tech announces investment in Vector Tech and Bhairav Robotics
BHEL recieves LOI tor Singareni Thermal Project in Telangana for Rs 6700 cr
Glenmark pharma Q3 results up by 35%
GNFC Q3 profit jumps by 68%
Some big Margin recommendations by Fund/Brokerage Houses
Recommendations by Anand Rathi
Arvind Fashions
CMP 398
Tgt- 685
Upside- 72%
V Mart
CMP- 3244
Tgt- 5150
Upside- 59%
Recommendations by ICICI Securities
Gulf Oil
CMP- 1095
Tgt 1630
Upside- 48%
Gujarat Gas
CMP- 393
Tgt 560
Upside 42%
Indian Hotels
CMP- 710
Tgt- 924
Upside 30%
Short Term investment recommendations Marketsmith India for 1-2 months
ICICI Bank
CMP- 1260
Tgt- 1350
SL- 1215
Bharti Hexacom
CMP- 1365
Tgt 1550
SL- 1290
Gold/Silver
Gold is trading low at Rs 87600 levels as compared to last trading session. And silver is also trading marginally low since last 2 days. Bounceback expected here today.
Finally stay invested, markets may move sideways with no much of sign of full recovery yet. Key to sustainance is investing regularly as per ur investment long term plan through SEP/SIPs.
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.
