Market View 5th Feb, 2025

View on market: Volatility Prevails, Market is searching for better value

Asian stocks saw a rise as traders navigated the ongoing US-China trade tensions and anticipated earnings from major US tech companies. Chinese markets were preparing to reopen the following day. On Wall Street, major indices finished higher, with the S&P 500, Dow Jones, and Nasdaq all posting gains, but futures showed signs of weakness for the next session. S&P 500 futures dropped, and both Dow Jones and NASDAQ futures saw slight declines. In India, the Nifty 50 and Sensex had their best performance since early January, driven by a positive market reaction to US President Donald Trump delaying tariff impositions on Canada and Mexico. This decision provided temporary relief to investors. The rise in both indices was mainly supported by strong gains from companies like HDFC Bank and Reliance Industries. Overall, market participants found some relief, though there were concerns for the future, reflected in the futures data.

Key Today’s Q3 Results

AARTIPHARM, ABBOTINDIA, AGIIL, AMJLAND, ARTEMISMED, ARUNIS,

ARVINDFASN, AVALON, BECTORFOOD, BIOGEN, BLACKBUCK, CAPFIN,

CCL, CMSINFO, CUMMINSIND, DATAPATTNS, DEVITRD, DHRUV, TEGA.

Economic Calendar:

• USD: Initial Jobless Claims on 6^th February 2025.
• IND: S&P Global Services PMI (Jan) on 5^th February 2025.
• USD: Import and Export on 5^th February 2025.
• IND: RBI Monetary Policy on 7^th February 2025.

Brokerage Radar:

JEFFERIES ON GODREJ PROPERTIES:

Maintain Buy, target price ₹3,525 (from ₹3,750), Q3FY25 on track to meet or exceed FY25 guidance, Good response expected from new launches, though sellout launches are behind, 16x P/E FY25 pre-sales-based PAT, see upside opportunity in both P&L and operating cash flows.

NUVAMA ON ASIAN PAINTS:

Maintain Buy, target price ₹3,000 (from ₹3,185), Demand outlook remains weak, with downtrading leading to an adverse product mix, Volume growth likely to be in single digits going forward, EBITDA margins expected to be 18-20%, Weakness in the rupee is a key concern, Rural outlook remains strong, while urban demand is expected to pick up after two more quarters.

JEFFERIES ON GATEWAY DISTRIPARKS:

Maintain Buy, target price ₹100 (from ₹110), Industry volume growth was weak, 5-20% EBITDA rise expected over FY25E-27E, Rail container volume growth expected to recover from Q1FY26, On a normalized base, earnings growth to improve.

International Markets:

U.S & Europe:

*As per 5^thFebruary.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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