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Markets Today- 10 Jan 25
Indian market is now well known for being responsive one to world happenings. And this is what is on now.. Market is reacting to anything and everything happening around, whether it’s Indian business or US markets downfall or bond sell off Or Asian Markets declines. And the continues fall is what we are seeing!!!!
The pain is not over yet, as US futures are lower, Asian markets are low today too, so expecting a negative start to market today…. Once again!!
Although a key support level is seen at 23500 levels while a heavy resistance is seen at 23800 and whatever decision u take to buy or sell today, should see these levels. If markets break 23410, then be prepared to see another major downfall… But if it sustains and remain above 23400, some recovery can be expected.
Some news from stocks.. To cheer
TCS reports 12% YOY growth in Q3. Dividend of Rs 10+ special dividend ot Rs 66 declared. Record date- 17 Jan.
NTPC launches a JV with Rajasthan govt to develop 25 GW Renewable energy. And NTPC Green holds 74% stake in this JV
Shri ram Finance stock is splitting 1:5( 1 share splitting into 5).Do u know Shriram finance is one of stocks which is max in hands of FII(53.3%) and retail/public only holds 5%. Rest is all with DII/promoters/MF houses. Keep an eye on this stock.
Trendlyne Consensus share price tgt has given a tgt of Rs 1808 for PVR inox which is presently trading at 1161. Geojit BNP/Ventura too has given BUY recommendations.
Reliance JIO IPO is all set for launch this year end. Likely to be India’s largest IPO. Remember reliance Industry holds 65% plus stake in JIO, so likely some Special offer for shareholders of Reliance for preferential allotment !!!!Just wait and watch!!
Q3 had been slowest growth qtr wrt opening of demat accts due to steep nifty/sensex falls which means new investors are staying away as of now. This is steepest quarterly drop since 2022.
LT Foods may get some good upwards movement as lots of FII/DII did take position in this stock
Some more stocks which has got buy recommendations
Mazgaon Dock
Colgate
Aarti ind
Lupin
IOC
Gold has gained some momentum in last few days and is trading around 80600 levels and silver touching back at 91800 levels.
So be watchful in market today too. No much clarity is seen … Hence staying away for today is advisable. Bottoming out is yet not clear..
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.
