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Financial & Morning Market Updates- 07 Apr 2025
Eventful week ends and a much more apprehensive days lies ahead !!
So what did this tariff give to US markets last week….
Dow Jones down by 8%
Nasdaq down by 10%
S&P down by 9.1%
And how did world market reacted last week…
Shanghai down by 0.28%
Hang seng down by 2.46%
Nifty 50 down by 2.6%
Nikkei down by 9%
Do you know Apple shifted 3 Planes full of iPhone and allied product into US in last 48 hrs…before the tariff deadline. iPhone 16 pro Max costs $ 1599(Rs 1.36 lakh) in US now and post 8th April if apple passes the tariff to consumers, the cost of same would be around $2300(Rs 196000)
Three day Monetary Policy committee meets start today . On 9th April , at end of meet RBI would announce their decision to go for rate cuts or not?
Brent crude has fallen to $65 per barrel. Losing $10 since Apr 02.
Markets Today
The Tariff announcement just didn’t make Indian markets crash but brought back the markets to Bearish Zone.
The bullish momentum seen few days back is in backyard now!
Markets decline may persist with repeated fight back and recovery attempt which can be seen in this sideways markets in days ahead…
Many stocks have seen technical breakdown in last 2 trading sessions.
Analysts says, Domestic market are in for Rollercoaster ride over next few weeks but Nifty is unlikely to retest it’s recent lows!!
Market can extend its loses to 22600-22200 levels this week and in case of any recovery and upside resistance is at 23200-23333 levels.
Market is likely to open in deep red today too… Deep as deep it can be….Carrying on the sentiment of last trading session
Market may open with Nifty down 500-600 points down and Sensex 1500-1700 pts down???? Let’s wait n watch!!
A bearish phase may go deeper if Nifty breaks 22420 levels and bullish above 23040 levels today.
Early morning buying opportunity definitely exists for investors!!!
But Brace urself for Hard hitting start today!!!
STOCK NEWS
Delhivery is acquiring Ecom Express for ₹1407 cr.
Swiggy faces ₹7.6 cr Pune Tax demand notice for pending dues.
Tata Motors gives benefits upto Rs 2 lakh on their existing EV inventory which includes, exchange benefits, 6 months free charging, zero down payment on 100% finance etc.
Puravankara arm Starworth infra bags a project worth 118.6 cr from Ranka Properties
Ola electric gets notice from Maharashtra govt for operating without trade cert.
Bajaj Housing Q4 gross disbursement jumps 25%, AUM up by 26%. Some upward momentum can be seen here today.
STOCK RECOMMENDATIONS: Amidst this Bearish mood here are some recommendations by top brokerage houses
Karur Vysya Bank
CMP- 216
Tgt 300
Upside potential by 38.3%
Recommendations by ICICI securities
Sagility India
CMP- 40
Tgt 56
Upside potential -38%
Recommendations by ICICI securities
Birla corporation
CMP-1099
Tgt- 1460
Upside potential 33%
Recommendations by JM financial
Ambuja cement
CMP- 528
Tgt- 635
Upside potential – 20.2%
Recommendations by JM financial
KPIT Tech
CMP- 1134
Tgt- 1330
Upside potential – 17.2%
Recommendations by ICICI securities
Asian Paints
CMP- 2356
Tgt – 2650
Recommended by Nuvama Wealth
Balrampur Chini
CMP- 552
Tgt- 600
Recommendations by Nuvama Wealth
Some other BUY/BULLISH setups/ recommendations by Motilal, ICICi securities and Anand Rathi
Marico
Bajaj Finance
Max Healthcare
HDFC Bank
Tata Consumer
MFSL
ICICI Bank
HUL
Apollo hospital
Kotak Bank
HAL.
Lemon Tree
HPCL
Gold/Silver
Gold is now trading at 91500 levels.. Nearly 2400 levels down from Fridays trading session
Silver is trading massively down at 94000 levels.. 6000 down from Fridays price.
Take deep breath now as market opens……..and Take one day at time as worlds economic & Trade warfare and is changing very fast!!
Nations will come up with new repulsive ideology wrt open trades… Especially when WTO has gone redundant!!
Stay Strong.. This morning!!
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.
