Photo Courtesy: indiatoday.in
Markets & Financial Updates – 03 Feb 2025
After 3 yrs….jinx of budget was broken and sensex managed to end…. Just in Green.. 🟢
Although Nifty stayed…. Just in Red..🔴
FII and DII data last week when Sensex gained 1.72%
FII sold- Minus 18200 cr
DII bought- plus 19600 cr
Some Big margin recommendations this week had come from some big Securties Houses
ICICI Securties recommended
Adani Energy
CMP 746
Tgt 1101
(Upside 47%)
Yes Bank
CMP- 19
Tgt downside to 15
(Down by minus 22%)
Motilal Oswal recommended
Senco Gold
CMP- 495
Tgt – 1450
(Upside 202%)
Restaurants Brands Asia
CMP- 74.5
Tgt 135
(Upside 84%)
Economic Times
Adani Ports
CMP- 1083
Tgt- 1585
(Upside by 46%)
Axis Bank
CMP- 998
Tgt – 1210
(Upside by 21%)
Bajaj Fin
CMP- 8001
Tgt- 9200
(Upside by 15%)
Bharti Airtel
CMP- 1623
Tgt- 1930
(Upside by 19%)
L&T
CMP- 3447
Tgt- 4200
(Upside by 22%)
Tata motors
CMP- 706
Tgt 810
(Upside by 15%)
Financial updates
So as budget news unfolds… Some issues gets clear.
Some good news for Harley Lovers.. It’s now gonna become more affordable as announcement of reducing Import duties is gonna give big drop in prices of Harley Bikes. Wait for same post 01 Apr 25. 20% reduction in Import duties will give huge drop down in bike costs(1600cc and above)
And not just Harley, but Ducati and premium Honda bikes will get cost reduction(10% for other imported bikes below 1600cc)
The import Duty on Imported cars above Rs 35 lakh has reduced from 125% to 110%(incl newly introduced agri cess on imported cars)
So is it all for new upcoming Tesla Electric Car to India??? Wait n watch
Meanwhile Yamaha has already announced price cut of Rs 1.1 lakh on its R3 and MT-03 models from 01 Feb 2025.
Those planning Electric vehicles can now wait for some time as govt has announced “Full exemption of Basic Custom Duty” On material required for producing Li-Ion batteries. Remember , on an average batteries comprises 40% of cost of producing Electric vehicle. And the main stock company which will rejoice with this decision besides car makers is UNO MINDA.
Jewellery from global brands like Bvigari, Tiffany and other co will become cheaper as import duties has been reduced from 25% to 20%.
Govt has cut the budget allotment to Railways as compared to last FY. As a results RVNL fell by 9%, IRCTC by 4% and all other railway shares got the setback.
This year Defence as usual got the biggest share of budget at 13.4%, but Road Transport and highways pipped to second place at 5.3% and railways are at third place at 5% of total percentage of budget allotment.
US has levied it’s much awaited tariff on few countries including China. India is presently out of this tariff incr. So let’s wait and watch how tariff news affects market today or doesn’t affect? ??
SBI has signed new MOU with Indian Army for its DSP account, with many added changes in MOU. This puts SBI back to one of best in DSP account service providers.Will be sharing the highlights of this MOU separately.
Oil prices jumped today as US President imposed tariff on Canada, Mexico and China.
Some stock news
A company named Hazoor Multi Projects limited whose share price is around Rs 53, has announced plan to set up 500 MW solar project in Andhra Pradesh at an investment of Rs 2500 cr. And state govt has asked the company to share it’s DPR.
L&T which is responsible to construct 92% (470 km) of Mumbai- Ahmedabad Bullet Train Project has announced the completion target of it’s work by Dec 2025.
Real estate firm Prestige Estates sales drops by 38% in FY 24-25 .. Till date . Same is due to less launch of projects this year due to delay in regulatory approvals.
Ola electric market share incr to 25.8% in January.That’s an incr of 6% from previous month.
Neogen chemical Q3 profit jumps to 84.3%
Railtel secures new orders worth 216 cr.
Anant Raj profit jumps 55% in Q3.
Power Grid, General Insurance, Tata chemicals and over 100 companies are lined up today for their Q3 results.. Keep an eye on ur favorite stock.
Market today
US markets are down, Asian markets are down. Courtesy US Tariff news!!
Indian markets are too poised to start in Red.
Does tariff news effect the market and puts market in red during day ?? Or the budget effect take over and pulls market to green??? Let’s wait n watch.
Nifty levels
Levels to keep eye on today.
Bullish above 23600
Bearish below 23350
A very stiff resistance is around 23500-600 levels. And in case it breaks and moves up.. A firm consolidation can be in place for upcoming market days.
But do keep an eye on lower levels 23300 is strong support, same shouldn’t be broken else a big crash of 200+ points can be expected.
VIX levels
Some great news here with VIX level which gives fear factor in market has fallen and improved by 18% to 14.18
Gold & Silver
Gold and silver plunged with minor corrections today due to Tariff news coming from US .
Finally, market recovery is on cards this week, unless such external news pushes negativity again into Indian Market. Also Bear phase is still intact and one or two green will not dictate market recoveries.
A recovery with strong consolidation this week will help market move from Bearish to Bullish phase. 🤞🤞
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.
