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Financial & Morning Markets Update- 25 Feb 25
For straight 5th session Nifty Closed in Red and what more, Nifty50 slipping below 22600 levels…. Although much anticipated, But in danger zone…!! One more drop and Nifty will break longest losing streak in 28 yrs!!
This is one of rare and prolonged correction Nifty is witnessing.
India looked more concerned about Growth in US which pulled market so badly down yesterday.
On other hand, Hang seng index of China climbed 18.7% in last one month, inspite of Trump’s tariff and other implications.
FII have also adopted.. “Sell India, Buy China” For now….
But do you know, even after midcap and smallcap taking hit and trading below 40% from their peaks… The index is still over valued. Motilal oswal says over 40% midcap and 35% small cap has PE multiple above 50!!
Inspite of all above falls Citi, Jefferies are suddenly turning bullish on Indian Markets. Citi has upgraded Indian Market to ‘Overweight’ .
There is news of Tata play- Airtel DTH merger happening soon….
Reliance jumps into Cola war… As it’s priced it’s newly acquired Campa Cola at Rs 10 and energy drink Spinner at Rs 10 and Coca-Cola is all set to reduce it’s rate too now.
RBI had launched its app named RBI Retail Direct Mobile app to invest in its instrument like Govt securities Treasury bill, SGB, Floating Rate Savings Bond 2020 etc without a demat acct, no brokerage, no fees etc.
Market are preparing early summers this season as temperatures have already nearing 28/30 in North Indian cities, hence cooling industry are gearing up for bumper season this year. Companies like Voltas, CG, Havells etc will be benefitted.
If you think, you are the one struggling to find good investment opportunity, then don’t worry Warren Buffett is with U, as he is sitting on $330 billion cash pile and struggling to find attractive investment opportunities… Hence leading to surge in govt bond holdings.
Markets Today
US stock market traded mixed, with Nasdaq falling 1% and Dow Jones up by 0.5%, S&P down 0.5%
Asian markets are trading mixed.
FII remained net sellers with whopping Sell of Rs 6300 cr and DII bought for Rs 5200 cr.
Not a bright start today too. Nifty may open Flat Today once again…
It’s expected to have sideways momentum in day.
Any gains today may not be show of market strength till the Nifty crosses 22950 levels.
Let’s see if 28 yrs old record is broken or we end up in Green to celebrate Shivaratri😊😊!!
Nifty levels to keep eyes on…
Bullish above 22620
Bearish below 22500
Stock Updates
NTPC green took the blow yesterday and fell below Rs 100 as promoters offloaded their pledged shares. Some recovery expected today!!!
ONGC has approved an investment of Rs 1200 cr in it’s entirely owned subsidiary ONGC Green.
Havells plan to enter EV charging market in next 6 months.
Adani Power recd a LOI to acquire Vidarba industries power incl a 600 MW Thermal power plant in Nagpur
NTPC green signed an MoU with Madhya Pradesh power generating company to develop 20 GW renewable energy in state.
Adani Green operationalize an additional 67 MW solar plant in Gujarat.
Hindalco signed MoU with Madhya Pradesh govt to invest 15000 cr in next two yrs.
Bharti Airtel boasts of cash flow as it acquires extra 5% stake in its African unit.
Apollo tyres, Tata motors and Adani Green have reached their 52 week low and as per reports by Marketmojo, Traders are considering to capitalize on fresh lows amidst market fluctuations.
Analyst Recommendations to present market conditions
- Reduce SIP in small cap and shift major portion of SIP to Large Caps. Recovery of market will be through Large Cap. Small cap will be last to Join.
- Stay invested, don’t plan to exit on any stock, unless profit booking and tax harvesting is aim.
- Investors who feel not sure about large cap stocks to buy should now invest through ETFs.
- Brokerage company Bernstein’s and Jefferies are recommending buying of Mahindra & Mahindra at present rates.
- Religare Broking has recommended BUY….
Cholamandalam Investment with tgt of 1500
Kotak Bank with tgt of 2070
And Recommended SELL….
Infosys
Grasim
- Goldman Sachs has given a buy ratings for Interglobe Aviation ie Indigo for strong growth in domestic passengers in Jan/Feb. Two three more brokerage firms have given a BUY for Indigo and on avg Tgt is Rs 5200.
- Goldman Sachs also recommended BUY for Bharti Airtel but SELL for Indus Towers.
Gold/Silver
This column/category is the one which brings cheers to investors portfolio. Gold is surging towards historic 90000 tgt and is now trading at 89700.
Silver is already sitting at top at Rs 10010 price.
Recovery of Markets will be through Large Caps, and if you are able to capitalize on this, you will cheer the same in long term!!
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.
