Photo Courtesy: impressivetimes.com/national/news-4533/
Financial & Morning Market Updates – 28 Apr 25
Last trading session.extended the losses heavily as markets mourns loss of peace in Kashmir and mounting tension between India and Pakistan. Same led to heavy retail sell off and fall of nearly 1% and market just managed to close above 24000 levels
Overall at the end of previous week
Sensex ended 0.84% up
Nifty50 ended 0.79% up
FII have turned Net Buyers over last 8 sessions and buying over Rs 32400 cr was recorded.
IMF revised India’s Economic growth downwards to 6.2% from 6.5% earlier, triggered due to Tariff War by US. Even the GDP growth for FY 26-27 has been reduced from 6.5% to 6.3%
Net Direct tax collection for FY 24-25 grew by 13.6% , exceeding the initial target set for the fiscal.
Apple is planning to double iphone production in India to 70-80 million units by 2026 end with India becoming primary supplier of iphones to USA.
Use of credit card in FY 24-25 increased by over 15% as compared to previous Fiscal. In India total nearly 11 cr credit cards are in force/use.
India’s Forex reserves rose for 7th week in row to reach $686 billion as on 18 April
Royal Enfield launched 2025 Hunter 350 with three new colours with price tag of Rs 149900 to Rs 181750 (ex showroom)
TVS launched its updated Apache RR310 , super premium motorcycle costing around 3 lakhs
After a good long gap, a new IPO has come to market. Ather Energy Ltd opened its IPO with price band of Rs 304 to Rs 321. Last date to apply is 30 April. The grey market premium is varying between Rs 17 to 35.
Bank of Maharashtra is now offering Market’s lowest Home loan rates at only 7.85% and car loan at 8.2%
Delhi Govt has launched free treatment upto 10 lakh for every senior citizen above 70 yrs of age under Ayush Vaya Vandana Yojna.
₹ ended 8 paise lower against US dollar to settle at 85.41
Markets Today
Well, a new week ahead and not so good news for investors as Analyst see Nifty turning bearish on Technical charts.
For market to sustain this week, Nifty must defend 23800 levels strongly to retain bullish trend. Any breach beyond 23800 will lead to profit booking and a major correction to next resistance level which is at 23400.
But on positive side, any decent momentum above 24200 can bring bull back to market and fresh buying from there can pull up the market to 24540-24700 levels.
So keep an eye on above levels before any BUY/SELL
Some consolidation can be expected this week amidst this volatility due to ongoing tension between India and Pakistan. This has shifted market sentiment to quiet a extent as seen in last two trading sessions. However with India’s strong economic fundamental, market can regain momentum of tensions ease. But market may take a note of PMs speech yesterday on Mann ki Baat wrt “Decisive Fight” and “Blood Boiling” against Terrorism.
FII actions also will be noticeable post these tensions between two nations. As of now they have been on buying spree in Indian markets since last 8 trading sessions.
Investors must look for stock based buying/selling rather than Index based.
Market is all set for Green opening today. A close above 24000 in last trading day had shown some good resistance. An opening around 24100-180 is expected today.
An important day to see the market strength/Sustainenace amidst this volatility.
India’s VIX level rose further by 5.6% showing increase of Fear in market to settle at 17.16 levels.
Q4 Results
Reliance Industries posted a 6.4% rise in Q4 net profit exceeding estimates.. Reliance Ind has become first Indian company to hit milestone of ₹ 10 lakh crore net worth.
Maruti suzuki misses street estimates to report a 4.3% fall in Q4 profit. Although Annual profit and sales did go up.
Jio platform saw a 26% hike in yoy profit in Q4. A strong increase in subscribers followed by tariff incr, pushed the profits in this Quarter
Hindustan Zinc Q4 profit surged by 47%
IDFC First reported 58% drop in Q4 net profit
Motilal Oswal posted a net loss of ₹63 cr in Q4. This is first ever loss in last 20 quarters.
Today many major and prominent companies(total 49 companies)are coming up with their Q4 results…. Some of them are
Ultra tech cement
Adani Green
IDBI Bank
TVS motor
Adani Total Gas
Aditya Birla sunlife
CSB Bank
Central Bank of India
STOCK NEWS
Mahindra & Mahindra has agreed to acquire 59% stake in commercial vehicle maker SML, ISuzu for Rs 555 cr
Jiostar posted a profit of Rs 229 cr. Jiostar crossed 100 million paid users within 5 weeks of launch
Railtel bags work order worth Rs 90 cr from Institute of Road Transport.
Reliance Industries are all set to acquire stake in China’s Haier. Haier appliances are ranked third in India after LG & Samsung.
BUY RECOMMENDATIONS
Top Analysts from Axis Securities, Religare Broking and SIHL have givem BUY call for following stocks-
Navin Fluorine
Grasim
TCS
Tech Mahindra
Persistent
Aarti Ind
Colgate – Palmolive
Bharti Airtel
Godrej consumer
Havells
ICICI Bank
Marico
Sun pharma
Tata consumer
Ultra tech cement
Kotak Bank
Apollo hospital
Waree Energy
GMR Airport
Indus Towers
Globus Spirits
Poly medicure
Gold/Silver
Gold is trading flat at 98900 levels since last two days.
However Silver marginally increased to 102000 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.
