Photo Courtesy: stockcake.com
Financial & Morning Market Updates- 28 Feb 25
So finally Nifty50 index creates history of worst Losing Streak in 29 yrs, as it declines for fifth straight month.
India’s Finance Secy, Mr Tuhin Kanta Pandey is new SEBI Chief. He is 1987 batch IAS offr.
All those who are planning International vacations may be in for surpise as silently and quietly year on year increase of 15 to 20% had taken place due to dollar price hike.
SEBI has made it mandatory to make investment within 30 days of collecting Investors fund in NFO.
This summer ACs cost are set to rise seeing the heavy demand, weakening rupee and supply chain constraints leading to less supply of important parts like Compressors.
SBI launches new 444 days FD scheme named Amrit Vrishti which offers 7.25% interest for general customer and 7.75% for senior citizens.
Many upcoming IPOs have held up share sale plans due to continuous market decline. Around 44 companies who have secured SEBI approval have deferred their plans.
Markets Today
Even Today the important support level for Nifty is 22500-400. Any breakage of same may lead to major decline.
Nothing is green as such in market as Market is all set to open in Red and likely to remain in pressure which will be major cause of concern
US markets were down badly today and all Asian markets are down too as heavy Selling took place in US markets.
FII did buy lot yesterday and sold too and were net sellers by only minus 557 cr and DII were net buyers yesterday with buy of plus 1727 cr
Nifty levels to keep eyes on
Bullish above 22630
Bearish below 22500
Stock Updates
One sudden announcement by Aditya Birla’s Ultratech cement foray into Wires & cables has sent shock waves to industry leading to mega crash in all Wire and cables shares like Finolex, Havells, Polycab etc. Stocks fell upto 20% yesterday.
RVNL has recd LOI for Rs 136 cr project from Central Railways.
Promoters of Indias biggest companies ie Nifty50 have been aggressively selling their stakes which is further pulling the markets down. Top stocks in which promotors reduced their holdings as rank
1.Cipla
2.Tata Motors
3.Bharti Airtel
4.M&M
5.TCS
Tata Power subsidiary TP Solar recd a contract of Rs 632 cr from SECI to supply 293 MWp DCR solar modules.
LIC has recd a GST demand notice of 480cr.
Adani Green Subsidiary Adani Saur Urja recd a order of 1250 MW energy storage from UP power corporation…
Vi starts it’s 5G Trial in Mumbai and plans to launch same by March. Also in spectrum surrender theory, Vi will be most beneficial as their utilisation of spectrum is quiet less as
compared to rivals.
Hindusthan Zinc recd a order of Rs 4 cr GST payment
NBCC has sold 1953 flats from defaulting Amrapali Homebuyers and has recd 1490 cr for sale.
Indus Towers receives a penalty order for Rs 4.5cr from Bihar State tax auth.
The Hindu Business line has given a new tgt of Rs 650 for Shri Ram Finance as it breaks all resistance levels and is ready to surge ahead.
Morgan Stanley has set Rs 525 target for Coal India. JP Morgan has also given BUY ratings.
L&T is now diversifying its portfolio into space and Aeronautics.
Indigo increased its market share in January 2025 as it rose to 65.2% from 64.4% in Dec 2024 . Air India market share has decreased to 25.7% from 26.4%
Gold/Silver
Gold was trading low at 88300 a correction of around 2% from its high. Silver too is down by 1%
Seems to be another rough and tough day ahead in market today. Although start to day is gonna be in heavy red…. Let’s see if market shows some strength in later part of today 🟢 or It gives up further 🔴… !!
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.
