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Financial & Morning Market Updates- 07 May 25 Group
As India Strikes under Op- Sindoor, a proud and big day for every Indian Citizens…,🫡🫡
Yesterdays market had opened in Green but immediately post opening, markets went into Red zone and ended around 80 points low.Nifty held on to 24300 resistance levels , which was crucial lower support.
All sectors except Auto sector closed in Red
Analyst believe that yesterdays fall was due to fear of Indo- Pak clash…and as now clash has happened, how will market react??
Moodys has lowered India’s GDP Growth forecast for 2025 to 6.3% from earlier 6.6%.
Ather Energy IPO opened at 2% premium but slipped into Red zone and ended day 5% low.
Going for drinks to Gurgaon and other places in Haryana will cost more as state govt nearly triples Annual Excise licence fees for Bars and Restaurants.
But Government of India has come to rescue for those who love foreign whiskies, as govt has cut the import duty by half to 75%.
Government has now announced Cashless treatment to road crash victims across country. 30000 hospitals in India are part of this scheme. As per scheme, govt will provide upto Rs 1.5 lakh assistance for cashless treatment upto 7 days.
Season of car launches has began in India as Kia is launching new 7 seater Kia Clavis tomorrow.
MG has upgraded it’s one of successful model MG Windsor and launched new Windsor EV pro yesterday. Tata is also launching new Tata Altroz this month.
Dollar grew strong against â‚ą and closed at 84.43
Markets Today
A heavy selling by Retailers and DII was seen yesterday amidst the Indo-Pak clash fear yesterday…. And post Op-Sindoor, the effect of same is likely to be seen in Markets today!!
Although on other end, FII did lots of buying and were net buyers at +3795 cr
US markets closed in Red and Asian markets are up today.
A gap down opening in red is likely today.. Post likely nervousness after Indian Armed Forces precision strike on terror infra under Op Sindoor.
Defence stocks will be in focus today!!
Will Nifty sustain 24000 and above levels…. Let’s wait and watch!!!!
Sensex likely to fall to 78000 and below levels
STOCK NEWS
BSE Q4 profit jumps 362% yoy .
CG power profit rose by 16% in Q4
Paytm reports 15% fall in Q4.
Polycab net profit rose by 33%
Aarti drugs Q4 profit jumps 33%
Godrej consumer net profit of Rs 412 cr against ars 1893 cr last year. Dividend of Rs 5 per share has also been announced.
KEI industry Q4 profit jumps 35%
Gold/Silver
As India Strikes terror camps, Gold Prices zoomed up to 101000 levels.
Silver remained flat at 97000.
Well, markets will shake up for sure… It’s advised to stay away for some time and avoid buying. The markets ahead will look upto to progress of this Indo-Pak conflict
“Sell on Rise” Is advisable even now….
Stay Safe and 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.
