Market View 14th May, 2025

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

Asian markets traded quietly as investors waited for more clarity after a strong performance in the US markets. The US rally was driven by easing trade tensions and lower-than-expected inflation data. Japan’s stock index ended its winning streak with a small drop, and Australian shares also dipped slightly. Meanwhile, US futures remained mostly unchanged after the previous day’s surge. In the US, technology shares led a strong rally, making up for earlier losses this year. The market rise was driven by optimism as trade tensions showed signs of easing. Chipmakers like Nvidia and AMD gained after securing a major order for a data center project in Saudi Arabia. The S&P 500 and Nasdaq posted gains, while the Dow ended lower. Indian markets had a rough day, with both major indices finishing lower. This came despite the global optimism and gains in the US. Overall, markets are reacting to changing trade dynamics and inflation trends, with investors staying cautious.

Key Q4FY25 Financial Results for Today

ABREL, ADFFOODS, APOLLOTYRE, ASAHIINDIA, BALUFORGE, BASF, BERGEPAINT, BRIGADE, DAMCAPITAL, ECLERX, EDELWEISS, EICHERMOT, EXCEL, EXCELINDUS, GANESHHOUC, GRAPHITE, HAL, HINDMILL, INDTONER, JBCHEPHARM, JUBLFOOD, KPEL, KPGEL, KPIGREEN, LUPIN, MUTHOOTCAP, MUTHOOTFIN, RITES, SAGILITY, TATAPOWER, TORNTPOWER.

Economic Calendar:

• USD: Crude Oil Inventories Data on 14^th May 2025.
• IND: WPI Inflation (YoY) on 14^th May 2025.
• USD: Initial and Continuing Jobless Claims on 15^th May 2025.
• IND: Import and Export Data (April) on 15^th May 2025.

Brokerage Radar:

JEFFERIES ON TATA MOTORS:

Maintain ‘underperform’ but hike target price to Rs 630 from Rs 625. Slight Ebitda dip in the final quarter, but strong free cash flow. India truck demand soft, with rising competition in EVs. Cut fiscal 2026 – 2027 Ebitda by 8% but raise EPS by 3-4%.

MORGAN STANLEY ON BHARTI AIRTEL:

Maintain ‘equal-weight’ with a target price of Rs 1,870. India business led by better than expected performance in Airtel business segment. India capex came in much higher but fiscal 2025 showed a fall of 9% on an annual basis (in line with management outlook).

MACQUARIE ON CIPLA:

Maintain Outperform with target price of Rs 1,875, Operationally in-line Q4FY25, FY26 guidance seems conservative to us, Company has beaten its own guidance regularly for the past three years.

MORGAN STANLEY ON GAIL:

Maintain Overweight with target price of Rs 248, See 10% upside to FY26 estimates with four new pipelines, new LNG sourcing contracts, and tailwinds from regulatory framework changes.

International Markets:

U.S & Europe:

*As per 14^thMay.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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