Photo Courtesy: economictimes.indiatimes.com
Financial & Morning Market Updates-21 May 25
A flatfish opening was seen yesterday, followed by heavy selling by retailers and FII, pulling market down to 24600 levels.
FII sold huge with net sell of minus 10000 cr
Nearly, all indexes fell yesterday but Auto and healthcare sector took maximum hit.
Smartwatches which was once top and fastest sold consumer goods , fell by 33% in last Quarter. This is the 5th quarter in which sales of Smart watches were seen dropping. This also lead to drop in active brandS and new model launches.
Many of us, wanted to know which are best Drones stocks of India…here is the list of top performing Drone-Makers stocks of India…
- Ideaforge Tech
- Paras Defence
- Zen Tech
- HAL
- BEL
- DCM Shriram
- Rattan India Enterprises
To curb , small appliances and electronics imports from China, Govt of India has unveiled new stricter norms for product safety. Now these products will have to undergo mandatory BIS certification , so that they meet enhanced safety norms. Some prominent appliances which are presently imported from China without such certification incl Shavers, Coffee making machines, Toothbrushes, insect killers, electric pans, egg beaters etc
DDA in Delhi launches this year’s 3rd Housing scheme for LIG, MIG and HIG offering discounts upto 15-20%. Flat booking starts on 27th May.
Markets Today
US markets closed in Red but all Asian Markets are up today.
Indian markets indicate a flat green start today. 🟢
Levels to keep eye on
Bullish above 24800
Bearish below 24600
Very close resistance level for market to fall further. Same should be kept in mind for any trades today. Any slip below 24600, can take market to 24300 levels.
Yesterdays massive selling off by FII ,over 14000 cr in market raised doubts in traders mind.
A cautious BUY on DIP to take long holding and SELL on rise to book profit is recommended.
A sideways momentum is expected today…
Indias VIX level was nearly flat at 17.38 levels.
Stock News
Hindalco gave stellar results as net profit rose by 66% in Q4 , beating all forecast. A dividend of Rs 5 was also declared.
KPR mill is likely to see a block deal worth Rs 1200 cr today, which may offload 3.2% of promoters holding.
GSFC Q4 profit jumps 190% but sales Dip
KPI green energy subsidiary firm received connectivity grant for Rs 642 MW wind project in Gujarat.
Solar Industries net profit rose by 37% in Q4.
Max Healthcare net profit rose by 2.7% in Q4
Dixon Tech Net profit zoomed up by 321% in Q4
Karur Vysya Q4 profits were up 14%
Citi has recommended SELL rating for Zydus life science citing earning concentration concern with tgt of Rs 900
NHPC share may be in action today as it reported a 52% jump in its Q4 earnings.
Morgan Stanley gave a Strong BUY for DLF with tgt price of 910 against CMP of 753 , citing strong pre sales performance and FY25 projections
Tough day for Indusind share holder likely today, as Q4 results may show heavy loses which may run into 150 cr+ of loss
NTPC green, PFC, RVNL, Indigo, ONGC etx are some big players who will be declaring their earnings today.
Biocon bilogics in tie with Japanese firm launched biosimilar for Psoriasis treatment in Japan.
Patel Engg wins ₹711 cr hydo project from NEEPCO in Arunachal pradesh.
Aster DM profit jumped by 21% in Q4
Gold/Silver
As markets fell and uncertainty rose… Gold jumped by nearly ₹2000 to 98300 level
However silver fell marginally to 97300 levels
Well, it’s likely to be mixed day for markets with some green and red likely depending on BUY/Sell by DII and FII and other big players, besides any trigger point during day.
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.
