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Financial & Morning Updates- 12 Mar 25
Yesterday was remarkable day for market, when it responded to World’s market negativity and showed Resilience despite sell off by FII and heavy weights .
Nifty opened well below crucial resistance point of 22400 and after 11 am it started recovering and closed just below 22500 levels.
This definitely conveyed lot about existing market strength at present levels
Indusind took the brunt of discrepancies in its derivatives portfolio and the shares fell by 27%. Company’s networth is estimated to be reduced by 2.5%
Buying EV above 30 lakhs from Maharashtra will now be costly as state govt has imposed additional 6% Motor tax on EVs priced above 30 lakhs .
Registrar of Companies has finalised its probe into Chinese smartphone makers Xiaomi, Vivo and Oppo, recommending a detailed investigation into alleged financial impropriety.
Weekend Holi celebration has given a major tourist boost in country , as flights and hotel bookings have surged by 25-30% from previous year during same period.
As per subscribers data issued by Trai, Reliance Jio and Bharti Airtel were the only Telco service provider who have added subscribers in December. Vodafone and BSNL continue to lose subscribers.Jio added 3.9 million customers and Bharti Airtel added 1.03 mn. Vi lost 1.7 mn and BSNL lost 0.32 mn subscribers.
Big News coming from Morgan Stanley….as it’s company yesterday declared that Indian Equities look attractive citing it’s sentiment indicator is in “Strong BUY” territory. The brokerage company said that the existing conditions makes it a stock pickers market, in contrast to a more broad based one since COVID.It said Global recession could keep Indian Equities off highs in 2025.
Morgan Stanley has kept it’s target for Indian sensex of 105000 points by Dec 25.
So investors can take some cue from here
Gauhati High court has ordered for reduction in GST on Carbonated juices from 28% to 12%.
Starhealth and Tata AIG General insurance suffered a setback when Hospitals in Ahmedabad suspended cashless treatment services of these two health insurance companies from Apr 1. This decision has been taken due to companies claim denial, unjustified deductions and non renewable of tariffs.
After Samsung has ramped up mobile production in India, it’s time for Lenovo owned Motorola to shift itself from China to India for its production. News says Motorola is planning to avail Govt’s PLI scheme to increase their volumes from present 13 mn to 30 mn units.
Indian are masters in exploiting or using any given opportunities. As US has started imposing Tariffs on physical imports and exports. The jewellers have found themselves using Digital route which allows $800 worth jewellery entry in US, free of Tariffs and with minimal customs inspection. So there has been sudden increase in digital push of sales for Jewellery by Indian Digital Gold players .
Markets Today
US market continues to fall and was down 1%+.
Asian Markets are trading mixed.
Indian markets are all set to open flat. Analyst believe that market will remain in consolidation mode in absence of any boost/trigger.
A decisive upmove above the hurdle of 22700/22800 levels could confirm the bullish shift.
As of now a intermediate support on downside is placed at 22400/22315 .
India VIX level rose by 0.63% to 14.07 levels marking increase in fear in markets.
Stock News
Airtel Space X has signed an agreement with Starlink Satellite to provide internet services to Indian customers. Some momentum can be seen in Airtel today.
HDFC Bank , bought nearly ₹7000 cr of its high cost bonds in the secondary market, a move aimed at improving it’s credits -deposit ratio.
RVNL is heavily on winning work contracts as once again it won a 555 cr NHAI contract yesterday.
CG power recieved a order for Rs 400 cr from Kinet Railway solutions to provide components for 10 Vande Bharat Trains.This also includes 35 yr service agreement.
Gold/Silver
Gold was trading little higher this morning at 89100 levels and silver flat at 99000 levels.
Last 5 sessions in March, did indicate a consolidation phase for Indian Markets, a notch above being Bearish. Yesterday’s recovery was definitely a big boost for market sentiments. But still the fear and bearish momentum is intact. As analyst said that till 22700/800 is broken, bears will keep dancing around creating fear and panic. So look for ur individual stocks, and invest and Trade accordingly.
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.
