Stock market financial growth chart on dark background.
Photo Courtesy: kiplinger.com
Financial & Morning Market Updates – 19 March 25
Two days of good consolidation seen in markets this week.
Substantive move yesterday in market(biggest gains/rally in last two months), did bring lot of cheers to investors face, who saw their portfolio pushing up in green .
Market/Nifty did cross the critical level of 22800 yesterday to close at 22848
In Nifty50, 46 stocks rose and only 4 stocks fell yesterday, ie Bharti Airtel, Reliance, Tech Mahindra and Bajaj Finserv.
FII for first time in March , were net buyers with Rs 694 cr of Buy. And DIIs were as usual in continuous buying spree with net buy of 2500 cr+.
After Tata and Maruti, it’s Kia who have announced hike in their car prices by upto 3% wef 01 Apr 25.
Govt has now asked industries to find out the areas where Chinese exports can be replaced with American ones. Presently Out of 4251 goods imported from both countries, US has price advantage in 650 items and China has advantage in 3601 goods.
Government has exempted certain critical AC and Refrigerator components from mandatory BIS certification to prevent acute shortage as India braces for acute summer ahead!!
₹ gained further and closed at 86.57 against the dollar.
India’s VIX level further fell by 1.5% to settle at 13.21 levels. It shows reduction of fear in market.
Market Today
Well the mood in Indian Market is Jubilant, but cautious!!
Because yesterday rally was indeed part of Global rally where nearly all indexes of world market was in Green… But this two days momentum has broken the decisive Week long consolidations phase and has reinforced the recovery momentum.
US markets were down and Asians markets are trading mixed today.
Indian Markets are all set to open in Green again today… Third day in this week!!!
Analysts believe that market recovery will continue for the day and week ahead…
The market focus although will be on Fed’s economics projection today evening and rate cuts (which is highly unlikely).
A nifty opening around 22900 levels is likely today as Nifty index has moved above the crticial 21 EMA on daily charts signalling a bullish short term trend!!
It means a likely move above 23000 is likely on upward trends and on downside a strong resistance now is placed at 22700.
Stock News
GR infra receives LOA for NHAI project worth Rs 4300 cr
CG power announced a interim dividend of Rs 1.30 with record date as 22 March
Tech Mahindra expands partnership with Google cloud to accelerate AI Adoption.
HUL recieve approval for acquiring 90.5% stake in Minimalist for ₹2700 cr
RBI is now investigating a massive cash handling mess involving AGS Transact, a company that loads cash into ATMs as around Rs 1000-1500 cr is missing!!
After Break up with Bajaj, Allianz are now looking upto to Jio Fin for their new collaboration in Domestic Life and General Insurance.
Paytm has recieved SEBI approval as Research Analyst. Paytm can now offer investors research services wrt investments
Zydus receives US FDA approval for its cancer drugs
US based Brookfield corp divested/sells 5.13% unit holding in Brookfield India REIT.
Imp Question- Is correction over??
Answer is plain NO. It will be wrong to assume that worst is over. Despite a 20% correction in mid cap and small cap, valuations are still high.
This market correction was not due to any negative event or concern, it was purely due to over valuation of market and stocks.
Market did move up into consolidation zone but it no way means, it won’t come down. Their are chances of “Two up and One down theory” As the markets recovers, which investors should be wary off.
Individual stocks tracking of high value stocks is key to emergence out of this volatility.
Sell your over valued stocks and just don’t sit on them because you bought at very high price. Sell and look for new opportunities which market is giving in numerous other stocks and recover your money!!
The key to Positivity and earning lies now through Large Cap and High value midcap stocks. Those who avail this will succeed!!
Gold/Silver
Amidst rising prices of Gold, retail Gold sales has fallen upto 25% as compared to same period in last year. And with the upcoming marriage season which starts from 01 Apr to 15 July, this becomes cause of worry for Jewellers.
As markets rose, Gold also joined the rally and was trading at its highest value of 91500.
Silver is also now catching momentum with Gold and was trading above 104200 levels.
Finally, a advise for all investors to look for Good value stocks for investment. All the analysts, financial news etc are s highlighting this fact since last few days… The stocks which showed consistent performance in last at least 4 qtrs, with good fundamental , good PE and high valuation in Large cap sector is key to ur Emergence!!! And even now if you look upto small caps and fast money making opportunity, their are high chance, you may miss the bus!!
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.
