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Financial and Market Update- 04 Feb 25
As expected a big reaction by Indian Markets to Trumps Tariff imposition on few countries was seen yesterday.
Although market recovered around 200 points but Nifty still ended 120 points down but above a strong resistance level of 23300.
Morgan Stanley has commented positively on Indian Budget stating that same would boost consumption, incr capex via state transfers and maintained fiscal consolidation which should support economic recovery. So how does market take this.. Let's wait n watch?? FII were again net sellers at minus 3958 cr ans DII were net buyers at plus 2708 cr
Sectors in India which will benefit due to Trumps Tariff—
Textile and Apparel sector
Electronic Industry
So keep an eye on above sectors.
India's manufacturing PMI rose to 57.7 in Jan 25(vs 56.4 in Jan 24) . It means incr in manufacturing activities in India. Whereas China's PMI fell to 50.1 from 50.5 last year. REIT
Those into Real estate investment through REIT, here are dividend update for Q3 for various REITs. This also includes interest, loan repayment etc
Brookfield REIT- Rs 4.9 per unit
Embassy REIT- Rs 5.9 per unit
Mindspace REIT- Rs 5.32 per unit
Congratulations to Holders of these top REITs for healthy benefits.
Market today
Trump has started reversing his Tariff decision for few countries within 24hrs of announcement which will have positive impact on market today.
Also substantial rise in dollar to Rs 87+ per dollar put additional pressuere on market yesterday.
US Markets are down today but all Asian Markets are up.
And Indian Markets are lined up for good positive opening today. Morgan Stanley budget comment impact can also be seen in market today.
Levels to keep eye on
Bullish above 23400
Bearish below 23260
Stock News
Vedanta Resources parent company of Vedanta Ltd upgraded by S&P global✅
Bank of Baroda issued a BUY recommendations for eClerx services and Voltas Ltd✅
Emkay maintains BUY rating on Tata Motors with tgt price of Rs 950.✅
Globus spirits announces 4.4% price hike on its spirits in Rajasthan. ✅
Garden Reach Q3 revenue up by 37% and profit up by 11% yoy.✅
Dr Reddy receives 185 cr penalty from GST auth❌
Premier Energies Q3 profit rises to 49%, revenue up by 140%✅
Jefferies maintains BUY on ONGC with tgt of 375✅
Jefferies lowers LIC housing fin target to 700 from previous 810 🟡
Jefferies maintains an underperform rating for Gland pharma and tgt price is reduced to 1350 , against CMP of 1513❌
BPCL raises 2025-26 Capex by 42%✅
List of stocks whose Q3 results were declared yesterday and who have shown more than 50% incr in YOY profits and Revenue
Hindustan Media Ventures, cmp- 92
Jyoti structures, cmp-25
Neo Infracon, CMP- 27
Jindal Capital, CMP-40
Bombay Dyeing, CMP- 155
Gold/Silver
Gold rises further to record high and is now trading at 86200 levels. The journey towards 88000 has begin. Silver too was marginally high.
So expect a good start to day in market and pray for good end too😊
Accumulation is the key through ur systematic investment plan. Volatility is still intact, Bears are still active!!
Always remember, it’s easy to get inside Market, but tough and Hard to know when to come out of it!!
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.
