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Financial & Morning Market Updates- 19 May 25
FII is on buying spree in India which brings lots of positivity back to Markets. Rs 23778 cr has been pumped in by FII in May 25 only. In April same stood for buy of only Rs 4243 cr. This is also a major factor for market acceleration .
Last week, following index made new upwards gains
Realty Index- 10.8% gains
Metal Index – 9.28%
Smallcap Index- 9.17%
Midcap- 7.2%
Sudeep Shah, Deputy Vice President , SBI Securities has confirmed that, the Nifty rally back to 25000+ levels has nearly wiped out all loses in majority of stocks since Oct 24. Although Nifty index is around 1200 points short of all time high, but nearly all stocks individually have bounced back strongly to recover all loses.
He also expressed his confidence that Nifty Bull run would continue in this week too . Nifty may move towards 25300 in short term , with potential to stretch upto 25600. However on downside 24750-24700 is likely cushion , in case of immediate decline.
Analyst recommends
- Avoid fresh investment in Defence sector as it has entered Overbought Zone except BEL & HAL which still has some steam left.
- Fresh buying can be done in Metal stocks, as metal stocks are on northward journey in next few sessions.
- Bank Nifty may underperform as of now however Fresh position can be taken in Midcap private banks which have shown good profitability prospects
- Railway stocks have witnessed a strong breakout in last session. Railway stocks may outperform in short term.IRFC, IRCON can be bought
- Surge in Midcap and small cap stocks
- Consolidation of large cap stocks with slow and steady move.
- PSU may be back in action and may see surge in coming days.
India has become 4th largest exporter of Marine products by exporting to over 130 countries in world in FY 25. In FY15 , we used to export to 105 countries.
New Railway rules which may impact , many in Belt forces. From 01 May, if you have partially confirmed tickets and partially WL tickets, please note that only confirmed passenger can travel and balance indl with WL tickets will not be allowed in Sleeper and AC coaches.
India’s textile stocks may see a big surge as India curbs port imports of certain commodities incl textile and hosiery products
US credit rating has been downgraded from AAA to AA1. Reaction to same may be seen in US markets Today.
FIXED DEPOSITS
SBI has further cut it’s FD rates by another 20bps. Highest rate for FD in SBI is now 6.9% for 2yrs-3 yrs period.
Indian Bank launches one of highest FD rates of 7.15% for fixed maturity period of 444 days.
PNB gives it’s best FD rates of 7% for 390 days
Kotak Mahindra gives highest rate of 7.1% for 23 months.
DCB is still in top with its best of rate of 7.75% for 15 months FD.
If u are fan of Small finance Bank, then u can get FD rates of upto 8.6% for normal citizen for 5 yrs period in Suryoday Small Finance Bank.
Markets Today
Experts from Yes Securities, Motilal Oswal Financial services and Monarch Networth see a follow through action of last week to be carried fwd to this week too. They expect Nifty to gradually close at 25300-25600 by this week end.
Any dips from here , should be taken as buying opportunities before market once again reaches all time high of 26000 levels
An eye on FIIs should always be there, which still dictates market mood .
Asian markets are all trading in red this morning.
Indian markets are also expected to have a mute start today.
Levels to keep eye on
Bullish above 25100
Bearish below 24900
India’s VIX level fell further by 2% to close at 16.55, showing reduction of fear in Markets.
Will downgrading of US rating on India markets will be there or not, needs to be seen as all Asian markets are down due to same?????
BUY RECOMMENDATIONS
Experts from Brokerage houses also see a positive potential in this stocks for BUY for short term prospective
Bharat Forge
LTF
LIC Housing
SAIL
Tata Steel
HDFC AMC
MCX
Concor
Hudco
NALCO
Adani Group stocks
Titagarh
CDSL
Brigade
DMart
DLF
Exide
ICICI Bank
Indigo
BEL
STOCK NEWS
Arvind Fashion reports 17cr lose in Q4 despite increase of 13.7% revenue growth.
Adani Defence & Aerospace, a part of Adani Enterprise has signed a binding collaboration agreement with Saprton to assemble Anti- Submarine warfare systems for Indian Navy
BEL secures new orders worth 572 cr
Kaynes Tech profit jumps 43% in Q4
KEC international bags new transmission order for Rs 1133 cr
Gold/Silver
Gold was little up this morning and was trading at 96900 levels
Silver was trading down at 97000 levels.
As per few market metal experts, they expect a volatility for next 3/4 days in Gold wrt price as it’s not clear whther it will move up Or slide more down. They have recommended to wait for direction of gold prices (moving up/down) upto 24/25 May before taking major investment gold .
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.
