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Financial & Morning Market Updates- 05 May 25
It’s 5th day of 5th month and it multiplies to 25!!! ie,
5/5/25…..😊
Will the market too multiply our portfolio, let’s see how market may go today and week ahead!!
Well, we had a decent last week, where markets went up by 1.2% and overall , the markets have regained around 12% since panic rally started and had hit low of 21740.Analyst see IT, gas, PSU banks sector stocks will lead the rally this week where stocks like HCL Coforge, IOC, RIL and GAIL are likely to outperform.
FII bought in Indian Markets for 11th straight sessions. A longest streak in last 2 yrs.
Around 20 shares lock in period is getting over in May. Investors must keep an eye on these stocks as some turbulence can be seen as promoters will off load the shares leading to corrections. Some prominent ones which will see end of lock in period are Honasa Consumer, cello, Swiggy, Niva Bupa, Tata Tech, Sagility India, Aadhar housing finance, Hexaware tech, Pradeep phosphate. On contrary this will also create some buying opportunity this month for stocks which u missed and couldn’t buy.
Rupee has gone strong and improved against dollar by solid Re 1 and is now at 84.5 levels
Some prominent shares like J&K Bank, Bombay Dyeing, Indian Hotels etc will release their Q4 results today.
MARKETS TODAY
Last trading session, market tried it’s best to cross the breakout resistance of 24550, but fell back to 24350 levels
Analysts now see this week as consolidation phase again where Nifty can move up towards 24800-25000 levels subjected to Indo- Pak conflict inhibitions.
A breach below 24200 -24150 can take Nifty below 23800 levels.
US markets closed in green in last trading session and Asian markets are nearly closed today.
It’s expected that market will well open in Green today… But sideways momentum can be seen wrt on going Geo political tension incl India-Pak conflict. Howeever a good consolidation may be seen if FII continue to participate at around 24500-550 levels today.
STOCK NEWS
SBI reported a 10% net profit shrinkage in Q4.
SBI also declared a dividend of Rs 15.90 per share with ex date of 16 May 25.
Azad Engg bags order of Rs 450 cr from Switzerland based co.
Ircon bags order for Rs 458 cr from Arunachal pradesh Tato hydro electric project
Kotak Q4 profit falls by 14% . Declared dividend of Rs 2.5
DMart/Avenue Supermart gross margins took hit in Q4
CDSL declares a dividend of Rs 12.5 per share. Record date is awaited.
After Q4 results of Avenue Supermart/Dmart, Jefferies cuts target price to Rs 4100 from Rs 4225.
Indian Bank Q4 profit jumps 32%
PTC declares Rs 5 dividend with record date as today.
NTPC renewable energy has declared commercial operation of final phase of 60MW solar plant in Gujarat.
This Akshay Tritiya, there was huge surge in buying of Silver ETF. 313 cr worth ETF was bought on Akshay Tritiya. Here are Top 6 Silver ETF bought on day–
Nippon Silver ETF
ICICI Prudential Silver ETF
Kotak Silver ETF
SBI Silver ETF
Aditya Birla Sun Life Silver ETF
HDFC silver ETF
STOCK RECOMMENDATIONS
Some stocks recommendations for this week by SBI securities, Investec, ICICI Securities and Angel One
Divis Lab
Bharti Airtel
Grasim
HDFC Bank
HAL
IOC
Vedanta
Bharat Dynamic
Godrej properties
DLF
Federal Bank
Ajanta Pharma
Varun Beverage
Gold/Silver
Gold marginally corrected to 97000 levels this morning and Silver is trading flat around 98000 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.
