Market View 28th April, 2025

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

Asian stock markets started the day with small gains as investors kept a close watch on trade talks happening in the United States. There is also hope that China may introduce new measures to support its economy, which added some positive mood to the markets. In India, stock markets fell for the second day in a row. Investors are worried about the increasing tension between India and Pakistan and chose to pull their money out. Even with the recent fall, Indian markets managed to close higher for the second straight week, showing some strength overall. In the United States, the mood was more positive. The S&P index continued its strong run, achieving its best winning streak since the start of the year. The Nasdaq index also climbed higher, mainly because large technology companies performed well. Despite worries around the world, US investors seemed confident, helping to push their markets higher for now.

Key Q4FY25 Financial Results for Today

ABSLAMC, ADANIGREEN, ATGL, AWL, BENARAS, CASTROLIND, CENTRALBK, CSBBANK, DHARNI, ENKEIWHEL, FINOPB, FSL, GODIGIT, IDBI, IIFLCAPS, IRFC, KFINTECH, KPITTECH, NAM-INDIA, OBEROIRLTY, PNBHOUSING, TVSHLTD, TVSMOTOR, UCOBANK, ULTRACEMCO.

Economic Calendar:

• USD: House Price Index (YoY) (Feb) on 29^th April 2025.
• IND: Industrial Production (YoY) on 28^th April 2025.
• USD: GDP Price Index (QoQ) on 30^th April 2025.
• IND: RBI Monetary and Credit Information Review on 30^th April 2025.

Brokerage Radar:

JEFFERIES ON MARUTI:

Maintain Buy; Cut target price to Rs 13,600 from Rs 15,000, Margin miss and earnings cut, Cautious on domestic demand in FY26, but expect 20% growth in exports and plans to launch a new SUV in the year.

JPMORGAN ON RELIANCE IND:

MAINTAIN OVERWEIGHT TARGET PRICE: ₹1,530, The Acceleration Of Reliance Retail’s Growth To 16% YoY Was A Key Positive In Q4,With Favourable  Valuations, This Could Drive The Share Price In The Near Term, Elevated Capex Remains A Key Concern, Q4 Consolidated PAT Of 19,400 Cr Was 4% Ahead Of Est & Up 2%/5% YoY/QoQ.

BOFA ON INDIGO:

Maintain Buy with target price of Rs 5,600, Pakistan airspace closure impacts 6% of IndiGo capacity, Higher unit cost pressure, but no operational disruptions.

International Markets:

U.S & Europe:

*As per 28^th April.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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