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Financial & Morning Market Updates- 07 Mar 25
A decent second day consolidation was seen with markets ending in Good Green. A mild recovery from markets to close above 22500 levels. And the best part was , all this is happening in spite of non stop selling by FIIs. Reasons for this two day rally…. Weaker dollar, lower crude price, confused Tariff policy, optimism around China’s Stimulus package.
But not so good news coming from Auto industry. Retail Automobile sales in India fell 7% yoy in Feb.
The Reciprocal Tariff war is on and India is working hard to do it’s Maths to avoid the side- effects of this Reciprocal Tariff plan by US. Some key Tariff imposed by India which needs reconsideration
Cars – 110% Tariff
Apples- 50% Tariff
Almonds- Upto 120% Tariff
Walnuts- 120% tariff
Cranberries- Nil
Auto Ind- 24%
Agricultural- 37%
Telecom/electronic- 7.6%
Gold& Diamond- 15.4%
Footwear- 26%
And now there are heavy chances of cost reduction of products imported from US in India. Keep an eye!!
Trump has delayed his new Tariff policy for a month on most goods from Mexico.
HSBC has launched a special bank account for Children planning to study or studying abroad. Now you can open ur own childs overseas acct from India with Debit card for global use even before they reach their destination country. And you can use this acct to transfer fees to college/university through mobile app in India. Also you can send money without any fee to ur child’s overseas acct. Must explore option.
Rupee weakned and fell to Rs 87.12 per dollar
Government is considering waiving outstanding spectrum usage charges for Telcos operator like Vodafone, Bharti Airtel with relief of around 5000 cr.
Markets Today
Analysts have analysed that global signals especially from US may keep market stable for few days ahead.
And in short term, the sentiment appears to favor the bull. On higher end index can test 23750-23800 in coming days. .This sentiment will remain strong, unless Nifty falls below 22280.
A flat or muted start is expected to day today… With sideways momentum expected.
Critical support at lower end of 22280 is very crucial.
US markets were all down due to uncertainty about US own trade policy. Asian Markets were also trading in Red today.
Stock News
Bharat Electronics receives order worth Rs 577 cr for airborne electronic warfare products and submarine communication system.
Apollo hospital acquires Lucknow based Care Diagnostics.
Power Grid is declared as successful bidder for Interstate Transmission system on Build, Own, Operate and Transfer basis. Will stock see surge?
Laurus labs had planned a significant investment of 833 crore alongside a Slovenian partner.
Goldman Sachs exited Sterlite Tech by selling 2.13% stake for 84 cr
Kalpatru projects International secured new orders worth Rs 2300 cr in domestic and International market.
Brigade Enterprise launched a residential project “Brigade Altius” In Chennai with a revenue potential of 1700 cr.
RVNL recieves order for Rs 156 cr from SW Railway.
JP Morgan has rated a BUY for Bharat Electronic for tgt of 343 as the company has orders worth ₹ 120 billion.
Moodys assigns Ba1 long term corporate family ratings to Shriram Finance with stable outlook. A breakout is also seen in this stock. All those who look for good returns can accumulate Shriram finance shares and those who want to play safe and buy their FD which is giving upto 9.4% returns.
Gold/Silver
Both Gold and Silver were trading flat without much change in price. Breather and consolidation is seen in both these metals as they have been at these ranges since last 10/12 days.
Markets are still on edge, one small news can take market to both sides. So keep an eye on same. Stay regular with ur investment plan and don’t overreact to upwards or downward momentum by over buying or selling anything. Wait n watch is best policy!!
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.
