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Financial & Markets Morning Update- 19 Feb 25
Markets opened flat yesterday and remained volatile throughout the day and gradually rose towards the end of day and ended flat. IT stocks had best of day yesterday and Consumer and defence stocks fell the most.
Tesla is here in India, They have started recruitment drive for various parts in India. Very soon official Announcements will be done. Presently the recruitment is open for Mumbai and Delhi
India's unemployment rate fell to 6.4% in Q3 as compared to 6.5% in Q2. One of three worlds’ big Financial houses have given some prediction and comments on Indian Market which may have affect on markets 👇🏻👇🏻👇🏻
JP Morgan has set a target or 26500 for Nifty by December 25 and has an overweight on Financial , consumer, healthcare and real estate stocks. So it means JP Morgan sees an upside of around 16% from present levels. Stocks picks of JP Morgan is mentioned below
Citi Fin has also released its Nifty Target of 26000 by December and has said Indian Equity now appear well placed after recent declines. Some picks given by Citi are mentioned below to this msg.
Emkay Institutional Equities expects Nifty to be at 25000 by Dec with FII selling of stocks to subside from April.
Markets Today
No clear direction of Market has been given by Nifty in recent volatile trades. 9 out of 10 sessions have ended in Red.
A strong lower support is being tested regularly and it’s seen 22800 is becoming a good bottom out and heavy break down resistance is seen. But if it breaks… Further correction can be seen. However upper resistance is seen at 23050 levels.
Market indicators signals a flat start again
Levels to keep eye on
Bullish above 23000
Bearish below 22810
US market has ended flat and Asian markets are trading mixed.
Markets can take some que from fact that yesterday FII came up strongly to BUY and bought for plus 3000 cr and even DII bought heavily for 4780 cr. But the market sentiments overshadowed same.
Stock News
TCS faces scrutiny over it’s alleged misuse of L-1A manager visa in US.
RVNL receives a order for Rs 555 cr Bengaluru Suburban Rail project.
Transformers & Rectifiers secures a order worth Rs 166 cr from Hyosung.
Cochin Shipyard signs MoU with Maersk a Denmark based company for Shipbuilding in India
Sunil Mittal family has sold Rs 8485 cr of it’s airtel shares in Block Deal.
PNB reports Rs 270 cr loan fraud by Gupta Power Infra.
Stock Picks by JP Morgan as Nifty may reach 26500 by Dec 25.
Devyani International
Sapphire Foods
Westlife Development
Varun Beverages
Zomato
M&M
TVS
Kotak Bank
ICICI Bank
HDFC AMC
Bajaj Fin
Kfin tech
LIC housing fin
HDFC life insurance
Shri ram fin
SBI life
Icici lombard
Mankind pharma
Max health
Rainbow children medi
Fortis
DLF
Godrej prop
Oberoi reality
Citi Top Picks
HDFC Bank
Kotak Bank
Maruti
Endurance
HDFC life
Torrent Pharma
Emkay top picks
Lupin
Zomato
Tata Motors
Indus ind
Escorts
Paytm
Metropolis healthcare
Stovecraft
Quess corp
Gold/Silver
Goldman Sachs has again raised the Gold price targets for this year ie 2025. It sees annual gain of 26% .this year… If it happens.. Gold may reach 95000 rupees per 10 gm by Dec 2025.
Goldman Sachs has given trading recommendations “GO FOR GOLD”.
Meanwhile in India, the Gold prices have surged and broken 89000 barrier and is trading at 89100 levels.
Silver too was trading high.
Market still in Bear phase with no clear movement indicators seen. However will FII keep buying for now or will market take cue from some predictions done by World Top Brokerage/Finance houses?? Let’s wait n c.
Stay invested with ur diversified investment plan is the cue to come out of this volatility in long term.
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.
