Market View 25th April, 2025

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

Asian stock markets opened higher on Friday, boosted by hopes that the US Federal Reserve may cut interest rates sooner than expected. This optimism followed a strong rally in US stocks and better-than-expected earnings from Google’s parent company, Alphabet. Shares in South Korea and Japan rose, helped by news of possible progress in trade talks involving the US. Alphabet’s positive earnings led to gains in futures for major US stock indices. While the Fed has remained careful about easing monetary policy, some officials hinted they might support rate cuts if the job market shows weakness, especially due to tariffs. Comments from Fed officials suggested that rate adjustments could come as early as June, depending on economic signals. President Trump mentioned ongoing meetings related to trade with China, despite China denying any current talks. Meanwhile, Indian markets fell slightly, ending a recent streak of gains, as investors showed caution after a strong run. Overall, global markets were lifted by hopes of easing and trade progress.

Key Q4FY25 Financial Results for Today

CHOLAFIN, DCBBANK, HINDZINC, LALPATHLAB, MAHABANK, MARUTI, NDTV, OFSS, POONAWALLA, RBLBANK, RELIANCE, SHRIRAMFIN, TATATECH, TEJASNET, ZENOTECH, ZENSARTECH.

Economic Calendar:

• USD: Reserve Balances with Federal Reserve Bank on 25^th April 2025.
• IND: Foreign Reserves (USD) on 25^th April 2025.
• USD: IMF Meetings on 26^th April 2025.
• IND: Industrial Production (YoY) on 28^th April 2025.

Brokerage Radar:

MACQUARIE ON AXIS BANK:

Maintain Outperform with target price of Rs 1,440, All eyes on loan growth trajectory, PAT in line: High opex, low treasury income offset by higher NIM, lower provisions, Credit cost lower than expected; GNPA declines 18 bps QoQ.

CITI ON ACC:

Maintain Buy; Hike target price to Rs 2,500 from Rs 2,350, Q4: EBITDA ahead on volumes; await commentary post Ambuja results, Most capacity expansion will likely be at Ambuja, ACC should benefit from cost efficiencies targeted by the group and valuations are inexpensive.

UBS ON SBI LIFE:

Maintain Buy; Hike target price to Rs 1,915 from Rs 1,880, Q4FY25 review: Beat in VNB, APE grew 9% YoY while VNB grew 7% YoY in FY25, Banca channel growth stabilises while change in mix impacted agency growth.

International Markets:

U.S & Europe:

*As per 25 ^thApril.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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