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Financial & Morning Market Updates-02 May 25
New month, new hopes and new day for market here!!
For the first time in 22 yrs, DII have surpassed FII/FPI in ownership of companies listed on NSE showing growing appetite of Indians for Equities and lowering dependency on foreign Investors. In March Quarter DII now holds 17.62% and FII stands now at 17.22%
GST collections surges 12.6% in April to record highest GST collections.
It’s now offical that new ITR 1 form has been notified by CBDT for IT returns for Assessment year 2025-26/FY24-25. Now indls with LTCG upto 1.25L can file ITR1 for their returns unlike earlier. However no carry fwd of losses should be there.
Markets Today
A good 3% jump of markets was seen in April. Nifty 50 rose by 3.46% building on 6.3% rise in March. Nifty midcap rose by 15% and smallcap index rose by 17%
US markets closed marginally up and Asian markets are trading mixed today.
Indian Markets are all set for flattish opening this morning. A day of sideways momentum once again.
A strong bottom support lies at 24200 which if broken can take market to below 24000 levels.
On upside 24550 still remains a strong resistance level to breakout.
Due to ongoing Indo-Pak tensions, India’s VIX level once again rose by 5% to 18.22% showing fear in markets.
37 companies including Marico, IOB, Jindal Saw, latent view etc are lined up for Q4 results today.
STOCK/NEWS
HAL’s Advanced Light Helicopter Dhruv for Army and IAF cleared for. Operations following Defect committee findings.
Not so good news for Zomato/Eternal shareholders as Eternal reported a drop of 78% in profit in Q4. Although revenues went up . A not so good day for Eternal shareholders in market today
Many brokerages have cut the target share price in view of disheartening zomato results.
Paras Defence Q4 profit surges 98% .
Adani Enterprise posted a more than 7 fold jump in net profit
Adani Port profit jumps 37% in Q4
Mahindra & Mahindra pipped Hyundai motors to grab second spot in passenger vehicle segment in April. M&M sold 52330 vehicles in April 25 vs 41000 in April 24. Tata motors gained third rank and Hyundai slipped to 4th Rank.
Tata motors reports 6% decline in total sales in April inspite of gaining third position in car sales.
Adani Profit Q4 net profit fell by 5% and FY 25 profit dips by 39%
Indus Towers reported 4% fall in profit in Q4.
IOC reported a profit of 50% in Q4.
Jaiprakash power Q4 profit falls 73% in Q4
GOLD/SILVER
RBI is formalizing the Gold loan market, creating new opportunities for many micro financial companies. Based on this decision of RBI, Bankbazar has tied up with Muthoot Fincorp and Phonepe has tied up similar agreement with other Finance companies to provide Gold loan
Gold fell heavily yesterday , below 96000 levels as govt released the figures wrt 15% fall in Gold demand in Q4, which was steepest decline in five years. Even the sale of Gold on Akshaya Tritiya fell by 30% which led to fall in Gold prices yesterday in India.
Gold is now trading around 6% low from its peak price at 95800 levels
Silver too saw a massive rate drop and is now trading at 98000 levels.
A good buying opportunity now for Gold and silver
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.
