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Financial & Morning Market Updates-17 Apr 25
Markets yesterday opened 30 points down and moved sideways in red and green and pulled back strongly at end of day to end over 23400 levels .Another strong upwards resistance of 23370 was breached yesterday . Analyst says Indian market showed Great Resilience yesterday amidst volatility and flattish world markets. Good signs indeed!!
It was day of PSU Banks and media stocks which moved up heavily but Auto and Pharma took the hit and fell the most.
FII for second day came back and did good buying towards end of day with net buy of +3940 cr
As China faces 245% tariff, US markets saw heavy sell-off and all US indexes ended in Deep Red. The sell off was also triggered due to Federal Reserve Chair Jerome Powell announcing slow down in US growth.
But Chinese markets are trading marginally in green inspite of this Tariff Announcement.
Despite heavy selling by FII since October, they have continued to selectively accumulate stocks with Strong Fundamentals largely in Large Cap and Mid caps segment ..Some are listed below
CSB Bank
Azad Engineering
TRIL
Marksans Pharma
Pradeep phosphate
Paras Defence
Kalyan Jwellers
Endurance Tech
Parsvanath Developers
Thermax
Post announcements of repo rate cut and interest rate cuts on Savings bank by HDfC , ICICI and Axis Bank, their is sudden surge in Liquid funds incl overnight funds. Investors have started parking money in liquid funds and overnight funds for higher interest. 2.75% interest vs 5 to 7% with same tax implications!!! Wise decision I guess!!
How big is Indian iPhone manufacturing Unit? Well it has just exported 3 million iphones in March Quarter including Iphone16 series and Iphone 16e. India is fast emerging as Iphones major manufacturing hub!!
Good news for investors of HDFC Defence Fund. The India’s only active exclusive Defence Mutual fund has doubled Investors money in 9 months , inspite of Market fall of 18%, delivering a stunning return of 102.3% in 9 months. The fund was incepted in June 23. And the Top 7 stock the funds holds are BEL(21.5%), HAL(18.8%), Solar Industries (11.62%), BEML(9.5%) , Cyient (5.82%), Astra Microwave (5.6%) and L&T(4.2%)
Highway construction in India has slowed down in FY 24-25 and same is lowest in last 10 yrs.
₹ gained 12 paisa against US dollar to close at 85.68
After Volkswagen Tiguan R, Skoda is all set to launch its most awaited second generation car Skoda Kodiaq today.
Indian Railways launched its first “ATM on wheels” as it was installed on Mumbai- Manmad Panchvati Express
Q4 updates
Wipro net profit rose by 26% yoy in Q4 but revenue fell by 1.4%
Prestige Estate Q4 sales volume incr by 9%
Angel one Q4 profit tanks 49% and revenue fall by 22%
Following majors companies will be announcing their results which will dictate their movement ahead
Jio Fin
HDFC life
HDFC AMC
Advik Capital
Mahindra EPC Irrigation
Infosys
Market’s Today
US markets fell by 3-4% and Asian Markets are trading mixed.
As per analyst a strong bottom support is now placed at 23000 levels amidst positive sentiment in markets.
This sentiment is likely to prevail as long as market remains above 23300 levels. But any fall below same can trigger a correction to 23000 levels
On higher side, a strong resistance is now placed at 23650 levels.
US – China Tariff numbers may have marginal impact on market opening this morning and market is expected to open 70-100 odd points down today.
And a sideways moment can be seen today with market moving in red and green as long as Nifty remains above 23300 levels. A good buying again by FII can end indexes in Green.
As markets will remain closed for next 3 days, a tendency for selling can happen in case of any weakness if seen in markets.
India’s VIX level has fallen further by 1.6% to settle at 15.86 levels, showing reduction of fear in markets.
STOCK NEWS
Gensol Engineering storm is now hitting EV cabs BluSmart(Gensols subsidiary) as the company has suspended cab bookings via its app in Delhi-NCR and Bengaluru. Incase any one sitting. A strong exit from Gensol is recommended before this stocks falls below 70/80 levels
DLF to sell Kolkata IT SEZ to Srijan group for Rs 693cr
A storm may hit Spicejet as SeBI has blocked Elara India Opportunities fund from converting Rs 400 cr worth of warrants by Spicejet to Shares, citing Non-compliance with beneficial ownership disclosure form
ED searched the residence of Easemytrip founder in Mahadev illegal betting scam.
Policy Bazar (PB Fintech) has recd RBI approval to operate as an online payment aggregator.
Reliance Ind- BP Jet fuel share has risen to 7.5% in Fy25, an increase of 2.5%
Yes Bank has been given Rs 244 cr tax notice
Gold/Silver
The yellow metal is just getting unstoppable, as same has breached $3300 mark and reached $ 3345 levels in International markets. Slumping dollar, Tariff War between China and US and existing Geo political uncertainty is pushing the Gold high.
Gold has now given over 23% returns in 2025 since Jan.
In Indian Markets Gold is all set to touch 1 lakh per 10 gm as same is trading today at 99350 levels!!
Silver is trading marginally high at 100100 levels
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.
