Photo Courtesy: businesstoday.in
Markets Today- 29 Jan 25
When the worlds market was all in Red, Indian Markets rose strongly on RBI stimuli and traded strong till 240 pm and then fell drastically again but to close in positive.
Banks, Really, Financial stocks rose the most.
But mid and small caps were on declines inspite of market gains on valuation and earnings concerns.
Is this the U turn all were waiting for? Of course NOT!!
Volatility negativity, bearish markets still are intact. But this is good sign of hope for market recovery before budget. And good signs wrt indication of initiatives of govt for market revival!! But lot more is needed ahead…
US markets were up today. Max Asian markets are closed today.
Indian Markets indicates a POSITIVE opening today. A decent positive start is expected.
But Nifty is likely to remain in Bearish control as long as it stays below 23000 levels.
A strong lower support do exist at 22800 levels and in case it breaks.. A big crash can be expected to 22500 levels.
But if markets manages to stay above 23000 levels.. A good recovery strength can be expected for day/time ahead.
India VIX levels have crossed 18% indicating fear in market.
Nifty levels to keep eye on….
Bullish above 23050 levels
Bearish 22820 levels
Some stock news which may have impact on their momentum today
Bosch net profit falls by 12%❌
Bajaj Auto Net profit grows by 3%✅
M&M fin Q3 profit jumps 63%✅
GMR airport Q3 profit up✅
Tata power receives a order of 455 cr✅
Hindustan zinc net profit rose by 32%✅
L&T gets huge order in Tashkent✅
Hyundai Motor profit fell by 19% yoy. ❌
Cipla net profit rose by 49%✅
CG power net profit fell by 68%❌
JSW infra net proft rise by 32%✅
Suzlon reported a 91% incr in net profit for Q3✅
JSW energy profit dips 32%❌
IT raid in IIFL premises❌
ITC hotel to list today, all those who got the stocks should relish the gains of this new listing stock✅
SBI card profit drops by 30%❌
Motilal Oswal fin profit dips by 14%❌
Oil prices have rebounded today from last weeks low. Expect some momentum in Oil stocks✅
Q3 festival is on and around 94 companies are lined up for their quarterly results today incl Tata Motors, Adani Power, ambuja cement, Bajaj Fin etc.
Gold is steadily moving upto new heights. It’s trading at 83300 levels today and silver was flattish. International markets has predicted Gold targets as 85000 by 31 March
Happy Investing!!
Note: 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.
