Market-View-Feature-Image

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

Markets in the Asia-Pacific region recovered from early losses and moved into positive territory, following a sharp decline in U.S. markets overnight. The initial dip came after U.S. Federal Reserve Chair Jerome Powell warned that tariffs could cause inflation to remain high. He emphasized that the central bank is closely monitoring the situation and will act if needed. Despite the negative sentiment from Wall Street, major Asian indices reversed course and were trading higher by early morning. This resilience suggested that investors were optimistic about local market conditions. Meanwhile, Indian stock markets extended their winning streak for a third day in a row. Both the Nifty and Sensex posted gains, reflecting positive investor sentiment. The steady rise suggests that domestic factors are helping cushion the impact of global uncertainty. Overall, while global markets showed signs of concern over inflation and trade tensions, Asia-Pacific markets, including India, demonstrated stability and cautious optimism.

Key Q4FY25 Financial Results for Today

ADVIKCA, DEVITRD, HDFCAMC, HDFCLIFE, INDOSOLAR, INFY, JIOFIN, MAHEPC, NATIONSTD, OMNITEX, SEL, TATAELXSI.

Economic Calendar:

  • USD: Philadelphia Fed Manufacturing Index (Apr) on 17th April 2025.
  • IND: Foreign reserves (USD) on 18th April 2025.
  • USD: Initial and Continuing Jobless Claims on 17th April 2025.
  • IND: Passenger Vehicles Sales (YoY) (Mar) on 18th April 2025.

Brokerage Radar:

BERNSTEIN ON WIPRO:

AINTAIN UNDERPERFORM TARGET PRICE: ₹200, Mgmt Reiterated Concerns Over An Uncertain Global Macro Environment, Clients Maintaining A Cautious Stance Toward IT Spending, Wipro’s Q4 FY25 Performance Fell Short Of Expectations, IT Services Revenue Declined 0.8% QoQ.

NUVAMA ON CEMENT:

Apr-25 sees price increases across regions, with South leading, followed by East, Central, North, and West due to higher demand, Dealers expect a partial rollback of price hikes by end-April 25, Pricing supported by increased demand, with traction in central government capex (down 12% YoY in 8mFY25, but up 1% YoY in 11mFY25).

MACQUARIE ON INDUSIND BANK:

Outperform call, target price at Rs 1,210/sh, The impact of derivative discrepancies is limited to 2.27% of net worth, Slightly lower than the number estimated in the bank’s internal review, Views this as incrementally positive in the near-term, Impact of discrepancies will remain in line with earlier mgmt estimates

International Markets:

U.S & Europe:

Particulars     16th  Apr   Chg. Chg.(%)
Nasdaq 16,307.16 -516.01 -3.07
Dow 39,669.39 -699.57 -1.73
FTSE 8,275.60 26.48 0.32
CAC 7,329.97 -5.43 -0.07
DAX 21,311.02 57.32 0.27
Dow Fut.* 39,845.75 176.36 0.44
*As per 17th April.

 Asian markets:

Particulars   17th  April Chg. Chg.(%)
GIFT Nifty                  23,381.50 -53.50 -0.23
Nikkei 34,184.40 264.00 0.78
Straits Times 3,687.82 25.37 0.69
Hang Seng 21,279.76 222.78 1.06
Shanghai                               3,274.97 -1.03 -0.03

Stocks strong on Chart:

Index F&O Cash
POWERGRID NBCC RALLIS INDIA
NTPC IREDA CEAT
ITC VEDL BEML
ICICIBANK BHEL MAX ESTATE
BEL PFC NIPPON AMC
HDFCBANK RECLTD MINDACORP

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR 85.640 0.06
Brent 66.32 0.71
Gold 95,710 2.42
Silver 96,070 -0.19

FIIs & DIIs:

Particulars        16th Apr        15th Apr
FIIs                          3,936.42 6,065.78
DIIs -2,512.77 -1,951.60

News Updates:

UltraTech Cement: Has signed an agreement to acquire a 26% stake in Ampin C&I Power Eight Pvt. for Rs 25.5 crore, aiming to fulfill green energy requirements and optimize energy expenses.
DLF: Has signed a master framework agreement with Srijan Realty to sell IT/ITeS SEZ land in Kolkata for Rs 693 crore.
Bharat Heavy Electricals: Has signed a technology transfer agreement with Bhabha Atomic Research Centre for separator applications in electrochemical cells.
AWL Agri Business: Has acquired an 80% stake in G. D. Foods Manufacturing (India) Pvt.

Source: Moneycontrol, Bloomberg Quint, Investing

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