Financial & Morning Market updates-20 Feb 25
A three days of similar volatility action was seen in market… Testing of low levels of 22800 and ending flat above 22930 levels.
Sideways momentum was also seen where index rose above 23000 and fell again.
Yesterday's market sideways momentum did keep many investors portfolio in green after long time.. Realty and media stocks rose but Trumps made IT stock fall the most.
US plans to levy 25% tariff on pharma companies.
After Tuesday’s good buying FII were again net sellers with net sell of Rs 1881 cr and DII bought for nearly 1950 cr.
Markets Today
US markets ended in little higher note. But all Asian markets were down this morning.
Indian Markets too are today headed for negative start.
But, Experts says, Nifty may again try to break out of 23000 levels in upcoming sessions
Levels to keep eye on…
Bullish above 23010
Bearish below 22850
On lower ends once again 22800 holds a important resistance.
India’s VIX level which measures fear in market fell by 1.6% to settle at 15.42 levels
Stock News
GST dept orders banks to attach Awfis Bank account due to excess ITC claims
JBM Autos secures Rs 5500 cr order under PM eBus sewa
NHPC targets 13000 cr capital expdr for FY 26.
Suzlon Energy saw 9% upwards movement in shares as it’s Q3 profit rose by 90%. Further upwards momentum is expected.
Much hyped Hexaware tech was re-listed at 5% above IPO price
Waree Energies got an order for 362.5 MWp sooar modules from Khaba Renewable Energy
Indian Glycols receives order worth Rs 1265 cr from OMCs and Oil companies
Bharat Forge arm Kalyani strategic systems signed a LOI with AM General, USA for supply of Artillery Cannons to US.
Ashok Leyland got an order for Rs 300 cr from Tamilnadu state transport for buses
IREDA & Tata Technologies has been included in F&O segment from Feb 28th.
Marketmojo in its report has suggested a long term growth and profit surge for Tata Motors.
Tata motors is expanding its EV lineup into International markets especially Europe.
Goldman Sach Bought 401 cr worth shares of BSE @ Rs 5504 under a block deal yesterday
Servotech Renewable signed an agreement with France based Watt and Well to develop & manufacture Eav charger in India.
BUY Recommendations by Macquarie
Divis Lab – Tgt 7400
Upside potential- 24.6%
Suven Pharma- Tgt 1500
Upside potential- 30%
Blue Jet Healthcare- Tgt 1000
Upside potential- 27%
Syngene International
Tgt- 835
Upside potential-19%
Gold & Silver
Trumps yesterday threats saw….Gold touching a record high of 89400 per 10 gms and now retracted a bit to trade at 88900. Silver also was trading high yesterday on its march to 1 lakh per kg at 98900 but today is trading marginally low.
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.
