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Financial & Morning Market Updates- 11 Apr 25
Indian Markets are all set for “Relief and Recovery Rally” today, in response to Tariff pause and Repo rate cut!
Although US markets, Nasdaq and S&P closed 4.3%/3.46% down and same could play some spoil sport in terms of margin of Indian indexes. All Asian markets are down.
Markets are all set to open 28000-28500 levels . A good start of day for investors...and hope it ends good too!!Be wary of late sell off today, as chances of same do exist as the markets are closed for next 3 days and all world markets are trading in red.
A close above 22800 today will be big boost for “bulls to be back” time in days ahead.. But a close below 22500 will create a downward trend for Nifty .
Goldman Sachs makes big U Turn on US Recession Call and pulled back its recession forecast after US announced pausing of Tariff.
World’s 10 Top richest Billionaire saw their net worth rising by $ 135 billion amidst Tariff announcement. Musk and Zuckerberg got highest surge. Was this Tariff hoax designed this way????
Home service provider URBAN COMPANY has recd approval for its IPO as it plans to raise Rs 528 cr.
On occasion of International Pet Day today, MakeMyTrip has offered upto 40% off for ur upcoming stays with Pet in their Homestays and Villas. It includes Open spaces for pet, personalised services by caretakers across India.
Motilal Oswals no 1 running Mutual Fund ie ,Motilal Oswal Midcap Fund, has raised their cash level holdings to 25% in March amidst this volatility. Cash holdings in Multicap and Small scheme has also raised to nearly 18 & 10% respectively.
Oil prices fell further by $ 2 per barrel and is now at $ 60.13 per barrel.
Rupee is extending its losing streak and settled 42 paise down at 86.68 against US dollar.
STOCK NEWS
IT big player TCS reported “weaker than expected Q4 results”. Net profit declined by 1.7% yoy . Stock may open in red amidst Green everywhere.
CBI summons Hindalco’s official for ongoing Coal Scandal. Alleged offence dates back to 2013-14.
Motilal Oswal has initiated BUY ratings for Suzlon Energy with a price target of Rs 70 with CMP of Rs 51
Jefferies has initiated BUY rating for Aditya Birla Fashion and Retail with tgt of Rs 315 against CMP of Rs 246.
Post repo rate cut, Canara Bank has reduced FD rates by 20 basis points. Even Kotak Mahindra has reduced FD interest by 15 bps
NBCC has completed sales of 1185 units of residential units in Aspire Dream Valley, Greater Noida and generated Rs 1505 cr.
BHEL has signed MoU with Italian company to address compressor revamp opportunities in India’s Fertilizer sector.
Anand Rathi net profit in Q4 fell by 4.6% from previous Quarter. However Quarterly Profit and Revenue was up 29.7% and 20.4%
Tata Motors JLR India posts record FY 25 sales of 6183 units led by Defender and Range Rover , an increase of 40%.
Nippon Life India Asset Management company has reported Cyber attack on its IT infra.
SRF has initiated new agrochemical facility nin Gujarat with investment of Rs 239 cr
Coromandel International signed an MoU with Saudi mining company for delivery of Di- Ammonium phosphate to Indian Farming community.
Bank of India and PNB has reduced repo based Lending rate by 25 basis points to 8.85% making BOI and Punjab National Bank loan cheaper.
Gold/Silver
As US-China Trade war tussle reached new heights, Gold too zoomed to new high levels.
This morning Gold is trading at new record level of 96000.
Gold has now given over 20% returns in this yr since Jan 25 .. till date.
Silver too jumped from 93000 level to 97100 levels this morning.
So, expect a good opening today for market, however sustainance of same for the day will not be so easy unless Heavy Buying happens.
A long market closed(3 days) ahead can also trigger Selling later in 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.
