
View on market: Volatility Prevails, Market is searching for better value
Asian markets opened the week on a cautious note, with Japanese shares starting lower as global investors stayed alert to ongoing trade discussions between major economies. US equity futures and the dollar also dipped early Monday, reflecting a risk-off sentiment across global markets. In contrast, Indian markets showed strong performance last week. Despite a shortened trading week due to holidays, benchmark indices ended higher for the third straight session, recording their best weekly performance in years. The rally was supported by positive investor sentiment and steady momentum in key sectors. Overall, while global markets reflected caution due to uncertainty in trade relations, Indian equities stood out with solid gains. Investors focused on domestic factors and showed optimism despite limited trading sessions. The week highlighted the contrast between global caution and local confidence, as Indian markets remained resilient and continued to attract buying interest.
Key Q4FY25 Financial Results for Today
ALOKINDS, ANANTRAJ, BIRLAMONEY, GNA, HSCL, IGIL, INDAG, LOTUSCHO, MAHLOG, PITTIENG, PURPLEFIN, RAJRATAN, SHEKHAWATI, SHILCTECH, SIELFNS, TATAINVEST.
Economic Calendar:
- USD: US Leading Index (MoM) on 21st April 2025.
- IND: S&P Global Manufacturing (Apr) on 23rd April 2025.
- USD: IMF Meetings on 22nd April 2025.
- IND: S&P Global Service PMI (Apr) on 23rd April 2025.
Brokerage Radar:
MACQUARIE ON HDFC BANK:
MAINTAIN OUTPERFORM TARGET PRICE: ₹2,300, Q4 PAT In-line; Margin Gains Offset Lower Other Income, Growth Expected In-line With System; Credit Costs To Remain Stable, Maintains Outperform Call On Potential For RoA Improvement Via NIM Expansion.
ELARA ON HDFC LIFE:
Upgrades to Buy with target price of ₹870/share from ₹720/share, VNB margins expected to remain range-bound within 26-27%, Lower interest rates and change in yield curve to benefit traditional products.
JPMORGAN ON INFOSYS:
MAINTAIN OVERWEIGHT TARGET PRICE: ₹1,800, Headline Print Sharply Missed On Revenues, But Beat On Margins/EPS, Most Of Miss (2/3rd) Was On Pass-Through License Sales That Helped Margins, Rest Of The Biz Witnessing Seasonal Softness, FY26 Guidance Better Than Recently Feared.
International Markets:
U.S & Europe:
Particulars | 17th Apr | Chg. | Chg.(%) |
Nasdaq | 16,286.45 | -20.71 | -0.13 |
Dow | 39,142.23 | -527.16 | -1.33 |
FTSE | 8,275.66 | 0.061 | 00 |
CAC | 7,285.86 | -44.11 | -0.60 |
DAX | 21,205.86 | -105.16 | -0.49 |
Dow Fut.* | 38,819.01 | -323.22 | -0.83 |
*As per 21stApril.
Asian markets:
Particulars | 21st April | Chg. | Chg.(%) |
GIFT Nifty | 23,832.50 | -18.32 | -0.08 |
Nikkei | 34,300.35 | -429.93 | -1.25 |
Straits Times | 3,768.88 | 48.55 | 1.30 |
Hang Seng | 21,395.14 | 338.16 | 1.61 |
Shanghai | 3,291.93 | 15.20 | 0.46 |
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 | 85.182 | -0.29 |
Brent | 66.77 | -1.75 |
Gold | 95,239 | -0.44 |
Silver | 95,001 | -0.04 |
FIIs & DIIs:
Particulars | 17th Apr | 16th Apr |
FIIs | 4,667.94 | 3,936.42 |
DIIs | -2,006.15 | -2,512.77 |
News Updates:
Source: Moneycontrol, Bloomberg Quint, Investing
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