Photo Courtesy: financialexpress.com/market
Financial & Morning Market Update – 21 April 25
Let me start day with Great news for investors as Gold breaches 1 lakh figures… Gold has broken into 6 figures mark!!!!!
What a comeback, last week was!! Markets gained by over 4.5% in the week gone by.This was the best week logged in last 4 years for markets!!
For this week, Market analyst sees market range bound between 24250- 24800 zone and in case of dip, Nifty may struggle between 23000-23300.
Analysts see a strong upward resistance at 24000 levels and any breakout from here , can take market to 24800.. this week.
HDFC Bank gave stunning results for Q4, with 6.7% incr in net profit yoy and net interest income rose by over 10%
HDFC also announced a huge dividend of Rs 22 per share while the share is trading at its 52 W high.
ICICI Bank declared 18% yoy surge in Q4 and incr of 11% Net interest income..ICICI Bank has already hit 52W high in last session. ICICI also has announced a dividend of Rs 11 per share.
Yes Bank reported increase in profit by 63% yoy in Q4. A huge revival news for share price of Yes Bank.
With two top bank players bringing good revenues and profit Banknifty is all set for big surge Today ..
High chances of Bank Nifty breaking 52W high of 54467…..and crossing over to 55000+?? Let’s wait n watch
Trump is back in India, not physically but launching new luxury property in Gurgaon. A 51 story ultra luxury property is launched by his son Eric Trump. This will be 2nd Trump property in Gurgaon and 6th in India. Price of apartments range from ₹ 8 cr to 12 cr.
The Trump deportation action has resulted in Cheap India-US flights. The flight rates have fallen upto 15% below what it was last summer. Cheapest Mumbai- New York flight in mid may costs around ₹ 37000 .
900 Kia car Engines have been stolen from Kia car factory in Andhra Pradesh. A major blow to Kia’s ambitious car project in India A report suggests that Engines have been stolen and sold in Meerut, Delhi and Chennai.
FII has pumped over Rs 15000 cr in last three trading sessions. Are these signs of FII comeback? Let’s wait n watch!!
Automobiles exports from India rose by 19% in FY 25 due to robust demand of Indian cars, two wheelers and commercial vehicle.
Some other Q4 results
Sify Tech reports Q4 net loss of 58 cr
Network 18 posts Q4 net loss of Rs 29 cr
BHEL reported 19% incr in yoy rise in revenue. They also reported highest ever annual orders worth Rs 92300 cr.
Markets Today
Analysts see some steam still left in the Market rally!!
But remember, the rally when it goes long, also corrects strongly…so one shouldn’t lower its guard when it comes to sailing through the rally. Buying at peaks amidst rally is not recommended. Infact if you see, your personal targets being met, you can plan for small profit bookings…for long term holding stocks. And also look for some Dips to enter the market/stock which u plan to BUY. Analyst do see a small “breather dip” happening soon this week for BUY on DIPs.
Asian Markets are trading mixed today.
Indian Markets are starting a afresh without any global pressure and local negativity Today.
It’s all set to have flat/muted start today. A extended rally is possible today with Bank Nifty taking the charge. Can we see a Nifty breakout above 24000 levels today???
However in case of slip a strong support lies at 23650 which if broken will pull market badly down.
India’s Market fear indicator VIX has fallen further by 2.5% to close at 15.47, showing reduction of fear in Market.
SBI Top Recommendations
After long SBI has come with BUY recommendations for today…
Five Star Business
CMP- Rs 786
Tgt- Rs 833
SBI
CMP- 798
Tgt- 830
ET BUY recommendations
IRCTC
CMP- 769
Tgt- 825
Jubilant Food work
CMP- 697
Tgt- 755
PCBL
CMP- 434
Tgt- 470
TOP PERFORMERS THIS WEEK
Top Brokerage house see upcoming rally in following stocks this week
ICICI Bank
UPL
Indigo
HDFC Bank
Marico
Chola fin
Bajaj Fin
Laurus Labs ,
Bajaj Finserv
BSE
SBI
AXIS Bank
L&R
BPCL
REC
PFC
Max financial
HDFC Life
WEAK STOCK THIS WEEK
Gensol
Tata Elsi
TI India
Zydus life
STOCK NEWS
Gensol is all set to be one of the biggest scam of stock market as more bad news follows !! SEBi conducted a site visit of Gensol EV plant in Pune and found nothing in factory except 2/3 labourers. There was no manufacturing activity on in plant. At the pace new debacle news pouring in every day…the stock is all set to become a penny stock…and fall below Rs 30/40 levels. Also PFC &IREDA are considering plan to auction the EVs of Gensol to settle the loan taken.
Suzlon completes 50GW of wind installations in the country.
GST body drops 115 cr tax demand from Mahindra & Mahindra
Gold/Silver
Congratulations Investors…. As Gold Breaches 1 lakh figure.. And is trading at 100010.
With Akshata Trithya… Round the corner… What’s Gold Heading for????
Unbelievable isnt it!!!
Well Silver remained stable and flat at 1 lakh level
So once again we have Gold and Silver both at same level ie 10 gm of Gold and 1 kg of silver is priced same…
Well a positive week can be seen today amidst small correction/profit booking.. However FPI/FII trends needs to be seen as what strategy they bring in…. Into Indian Markets…
Hope to c markets once again breaching 24000 levels today!!
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.
