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Financial & Morning Market Updates- 16 Apr 25
An absolutely stunning response by Indian markets was seen yesterday where market has wiped off all the loses since April 2 , Tariff Announcement .
A superb close of Nifty over psychological 23300 levels.
Strength of Indian market was seen yesterday where the indexes remained between 22200 to 22368. A very narrow trading at higher margin. The intent was of market was clear and it sustained a positive outlook throughout the day!
Indus ind and Tata motors were highlight of the day yesterday where they returned with bang with 6.7% and 4.5% up. Shriram Finance closed 5.2% high.
FIIs came back to markets yesterday for a good net buying of 6000cr +.
India is first major market in world to erase its loses since 02 Apr Tariff Announcement.
Andhra Pradesh Govt allots 21 acre land in Vishakhapatnam to TCS for a symbolic price of 99 paisa.
Swiggy has launched its new service named ‘Pyng’ which will provide all professional services and will give competition to Urban Company. The service is first now launched in Bangalore.
India’s Annual Inflation fell to 3.34% in March, compared to 3.61%. This is 5 yr low figures ! Wholesale index also eased to six month low of 2.1% in March, from 2.4% in February.
Mixed news for us! Good , because a next reduction for repo rate is likely for this qtr which is Scheduled in June which will further drop loan rates and Bad news is…DA hike can be very minimal between 1-2% in July and FD rates will further drop down.
Good news for Auto industry as sales of vehicles in FY 25 has surpassed the previous fiscal , increasing sales from 2.3 cr vehicles to 2.56cr vehicles.
Morgan Stanley has slashed it’s Target on Sensex for December to 82000 from 93000, citing lower Economic growth and corporate earnings.
Good news for Agriculture industry as IMD has predicted above normal Monsoon Season. This will further reduce inflation, revive rural demand, boost sales of fast moving consumer goods, propelling Indian Industry to an estimated growth of 11-12% this yr
Tata 1mg opens its 100th store in India at Kolkata.
Blinkit ties up with Airtel to deliver Airtel SIMs at home in 10 mins.
India is set to get 20 new premium malls by end of this year across 8 major cities like Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune etc. This can push REIT stocks value further.
Groww app is now upgrading its services with additional features for investors like MF on demat, consolidated investment in one acct, pledging option, Daily and weekly SIP on MF, easy STP and SWP etc.
SBI card will stop its services on Android OS 11 or below and Apple iOS 16 or below wef 30 Apr 25. So to keep using SBI card app, ur OS needs to be upgraded.
₹ gains 24 paisa to close at 85.77 per dollar.
India’s VIX fell nearly by 20% to settle at 16.12 levels. The VIX had touched 24 as Tariff was announced. A huge pullback to 16 levels now!! Good signs!!
Q4 Results
ICICI Pru net profit rose 121% yoy in Q4 and announced and announced a dividend of Rs 0.85 per share.
ICICI Lombard profit slips in Q4 by 1.9% .But company proposed a dividend of Rs 7 per share.
IREDA posted a huge 49% yoy jump in its net profit.
Important Companies which are lined up for Q4 results today…
Wipro
Angelone
Waaree Renewable
GTPL Hathway
Reliance Industrial Infra
India Cement
Swaraj Engines
If you hold these stocks, keep an eye on Q4 results for stock momentum ahead.
Markets Today
US markets yesterday opened well in green but ended marginally low. Asians markets are all trading in Red.
Indian Markets are also set to open in red. With Nifty likely to open 70-100 points down, below 23300 levels
Although analyst sees a sideways moment today where recovery can be seen where market moving to green towards 23370 levels, where Nifty can find strong resistance. But in case it breaksout 23370 levels, new high of 23500 can be in sight.
On downside any breakdown below 23200 can pull market down to/below 23000 levels.
STOCK NEWS
Some bad news for Gensol Engineering as SEBI has put on the hold the stock split of 1:10 announced by company. There is alleged financial mismanagement and diversion of funds, leading to SEBI taking this action.
Swiggy signs MoU with Ministry of Labour and Employment for enhancing employment linkages in logistics sector through NCS portal
ONGC with its partners have won exploration licences for 15 blocks in oilfield bidding round. Oil India Won 9 blocks. Vedanta won 7 exploration blocks.
MCX gave a breakout from falling Trendline resistance on daily charts and has now opened room for stock to head higher. Tgt 8500
PwC who has carried out external audit has estimated a loss of Rs 1979 cr due to derivates portfolio issue for Indusind Bank..
NHPC declared commercial operations of 200 MW unit in Himachal Pradesh.
Gold/Silver
Gold increased marginally to 96600 levels
And Silver fell marginally to 99700 levels.
A consistent investment/SIP in metals can continue to yield good returns.
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.
