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Financial & Morning Market Updates-22 May 25
A fabulous come back of markets was seen yesterday with a strong closure above 24800 levels.
But crossing 24900 levels in early trades and closing below this strong resistance is cause of worry as per analyst. Consolidation and holding above 24900 should have given a good hope today for markets.
BEL, Tata Steel, Cipla were major gainers yesterday while IndusInd, JSW steel and Kotak Bank were top losers.
Nifty Realty continue to move up . Steel and Reality sector continue with their upswings since last 5 trading sessions.
Morgan Stanley upgraded it’s forecast for Indian Economy to 6.2% on yoy for FY 26 from 6.1%. The firm has also upped FY 27 growth to 6.5% from earlier 6.3%
ITC, Sun Pharma, Honasa Consumer and 160+ companies are lined up for Q4 results today.
So, as we enter last week of May month, seven IPOs are lined up for issue this month, with Schloss Bangalore being the biggest of bunch with IPO size of 3500 cr.
Schloss banglore is synonym to Leela Group of hotels…and founder of Leela palace was an war veteran from Indian Army , Capt CP Krishnan Nair.
And today Schloss Bangalore brings IPO for Leela hotels with price of Rs 413- 435. GMP of IPO is presently at premium of Rs 18.
Amazon has suddenly revived it’s pending grievances list and started issuing refunds , as old as of 2018 , with apologies.
Domestic Air traffic went up by 8.4% in April. Indigo remains as top flyer with 64% of it’s passenger share hold followed by Air India with 27%. Akasa air jumped to 5% leaving spicejet behind at 2.6%
A not so good news for Groww demat acct holders as Groww app has decided to hike it’s fees/brokerages wef 21 June. The brokerage fees of Rs 2 to Rs 20 will now be changed to Rs 5 to Rs 20. DP charges will also go up from Rs 18.5 per day per stock to Rs 20 per sale transaction. However Groww has reduced the interest rate for MTF from 15.75% to 14.95%
Markets Today
US markets were down by nealry 2% and all Asian markets are trading in Red.
Indian Markets are too set to open in Red today.
A day for sideways momentum.
Levels to keep eye on
Bullish above 24900
Bearish below 24650
Stock News
If you have Indigo Shares or u bought same yesterday, before Results, it’s time for Joy…as Indigo reported stellar 62% yoy growth in Q4 with net profit of Rs 3067 cr vs Rs 1895 a year ago. Company also announced a huge dividend of Rs 10 per share. Will stock touch 6000 today or tomorrow??
IndusInd Q4 loss stood at ₹2300 cr against net profit of ₹2300 cr last year. A loss of over 200%. This is first quarterly loss for IndusInd in last 19 yrs.
Ircon may see correction as Q4 profits dipped by 14%
ONGC Q4 slides 35%
Nalco Q4 junos by 107%. A good momentum may return in stock here.
VA tech Q4 jumps by 37%
NTPC Green posted three fold rise in net profit in Q4. A 300% incr in profits from 81 cr last year to 234 cr this yr. Stock to watch for sure . Stock is now set for strong rebound to its old 52W high of 155 in FY26
Tata Steel is suddenly becoming many brokerage houses fav. IHFL has now given strong BUY recommendations for same with tgt of Rs 170. A must have stock.
PFC Q4 jumps 11%
TCS bags 2900 cr 4G network deal from BSNL
Zomato slaps additional service fees on resturant for deliveries beyond 4 km
Gold/Silver
Gold continue to move up and was trading at 99200 levels
Silver saw a massive jump and crossed 100000 mark again.. It’s now trading at 100400 levels.
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.
