Financial & Markets Update- 06 Feb 25
It was good day for Finance sect and Oils and gas but sadly was offset by losses in Consumer Stocks and other indexes yesterday.
Though Nifty ended in Red in last few minutes of trade, but it was seen that many of us had Green in Portfolio at the end of day and that’s important.
RBI’s MPC meeting has commenced. Same is being held from Feb 05th to Feb 07th. Market was very apprehensive of same yesterday. This apprehensions will unfold tomorrow ie on 07th Feb where RBI Governor will announce the committee’s decision at 10 am. 🤞
And the good news is RBI Governor has enough reason to press the gas pedal and may go for rate cut. And if that happens tomorrow is gonna be turning point day for Indian Markets
So those who believe, a rate cut is gonna happen(I personally believe), can do some shopping today…. And accumulate favorite stocks before sensex zooms another 1000 point plus tomorrow (hopefully)
But if No change happens and market is disappointed, be prepared for a major downfall.
So please take your call, your own risk and decide, your actions before RBI Governor’s Address tomorrow.
So if you are FD lover, please open FD before likely rate cut announcement. Highest interest rate is presently given by Shri ram Finance @ 9.3%
Bank Nifty Bullish reversal is likely today ahead of RBI policy. So keep an eye on all banking stocks especially Kotak, ICICI, HDFC which are already showing strong technical setups.
Kia’s Carnival has run into Tax issues as Tax auth have have reported a tax invasion of 155 million dollar due to incorrect declaration of imports of components of Carnival. Will Hyundai share have any impact by this??
Finance ministry has banned use of AI tools such as Chatgpt and Deepseek on any govt devices
FII were net sellers with minus 1683 cr and DII were net buyers with 1000 cr
174 companies are lined up today for their Q3 results, mainly ITC, SBI, Airtel, Hero motors etc.
Markets Update
US Markets ended higher and all Asian Markets are up today.
Indian markets are too all set to open in Green🟢
As Per ET, Index may try to move to 24050 levels in near term and a strong support is placed at 23500.
Overall a good consolidation was seen in yesterday’s market and same is likely to continue today too with positive opening and sideways momentum.
Indias VIX levels rose marginally to end at 14.08 levels.
Rupee plunged to lowest to close at Rs 87.43 against US dollar.
Stock News
Ola launched Roadster X electric Motorcycles. Price starts from Rs 75000.✅
Happiest Minds Q3 Profit Dips 16%❌
Financial Express has reported that ONGC has set a capex target of Rs 37000 cr for FY 26. Aiming for significant growth ahead. ✅
Reliance power reported profit of 42 cr, against loss of 1136 cr last year. This group belongs to Anil Ambani. ✅
Swiggy reported enhanced losses of 800 cr in Q3 compared to loss of 574 cr in same period last year. ❌
Today is Big day for SBI… Their Q3 results are due today. And brokerage houses have predicted net profit of 61 to 90%. And if this happens, then SBI is gonna cross 850+ today.. All the best to SBI shareholders✅
Solar Industries profit rose 55% in Q3 results
Goldman Sach has upgraded HPCL ans BPCL to BUY and upgraded IOC from Sell to neutral citing improvement in outlook of these companies. ✅
UP’s GST dept has levied 42 lakh penalty on Adani Wilmar❌
Azad Engineering inks pact with Rolls Royce to produce civil aircraft Engine Components✅
Gold/Silver
The Bulls are all here…!!!Gold which aimed 88000 by 31st March has already zoomed to 87600 levels today. Unbelievable momentum is seen amidst Tariff war the world’s two super power into. Silver is complimenting too with its incr in price today.
Investors Relish! !!!💰💰
The fear and voltality in market is still intact as the sideways momentum can take market anywhere. The major hope which markets looks upto is RBI rate cut decision tomorrow. Apprehensions can pull market any way….Hoping to end up green for run up to tomorrows RBI announcement!!
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.
