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Financial & Morning Updates- 26 March 25
A nearly scripted move of market was seen yesterday, where Nifty was expected to cross 23800 and then as expected cooled from the ongoing rally and ended flat in Green.
As expected, Profit Booking was seen as Nifty crossed 23800 triggering the loss of early morning market gains.
Midcap and small cap indexes ended in Red .
Finance Bill has been passed by Lok Sabha with 35 Amendments. The amendment includes abolition of Digital Taxes on online advt. Bill has now moved to Rajya Sabha for consideration.
The setting up action of 8th Pay commission has commenced and same will be announced shortly. Finance ministry has made Commission s Terms of reference which is being sent for Cabinet Approval. The final setting up of commision and Terms of Reference is likely to be done by first half of April. The report will be submitted by 31 March 2026
Before 02 Apr Trade Tariff announcement, US trade representative Brendan Lynch is in New Delhi for crucial trade talks
Samsung has received Rs 5000 cr tax notice from Indian Government over import duty invasion.
RBI has approved Rs 2 increase in ATM interchange fee for cash withdrawals and same will be applicable wef 01 May.
Yesterday a research report reported that it takes 12 yrs for small cap to give clear profit, similarly today data wrt Midcap MF was released.
It takes SIPs of minimum 8+ yrs for Midcap MF to give clear profits and not risk of losing capital .
Stock broking Firm GROWW is planning it’s IPO soon.
As per Air India’s new buisness policy , wef 01 Apr all its CEO and Top executives will fly Economy class across Indian Cities.This will be applicable to all their staff.
After yesterdays market slip from its high, VIX level fell by 0.5% to 13.64 levels.
Rupee snapped a fabulous 9 day rally to close 12 paise higher at 85.75 per dollar
Oil prices fell by 25 cents to $ 72.85 a barrel as Russia and Ukraine agreed to Black Sea Truce.
Markets Today
FII are now new Buyers in town. For 4th consecutive session FII were net buyers with plus 5372 cr BUY.
US markets ended in all green and Asian Markets are up.
Taking cue from Yesterday’s closure , FII’s huge BUYs and Global support, Markets are all set to open in Green.
A opening above 23700 is expected today too. Today a push above 23800 can help market breakout towards 24000 levels.
However on downside a strong support lies at 23600 levels.
Analyst expect a 250/300 points Correction from here as part of consolidation at 23000+ levels soon.
Nifty must surge past a crucial hurdle of 24000 for newly found strength to sustain.
STOCK NEWS
Brokerage UBS upgraded it’s rating and price targets for domestic Cement stocks. Ultratech, Ambuja, ACC and Dalmia Bharat have got thumbs up with upside potential of 13.8% to 20.4%
NCC bags two orders worth Rs 10804 cr from BSNL. A good momentum expected here today
Coal India has formed JV with GAIL to set up “Coal to Synthetic Natural Gas” manufacturing in India.
NTPC green starts commercial operations of 100 MW solar PV Project in Bhainsara.
SBI life got a tax order of Rs 352 cr from IT dept
Gold/Silver
Gold were seen consolidating at present levels as no much change was seen today and increased marginal to 90750 levels
Silver was also flat at 100900 levels.
Well, a green opening and early morning rally can be seen today, but what remains crucial is sustenance above 23800 levels. Can markets sustain same without profit booking???
A cross over to 24000 levels is awaited and same will be crucial for long term strength
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.
