Market View 20th August, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian markets opened weaker, following a decline on Wall Street where major technology stocks faced heavy selling. Shares in Japan, South Korea, and Australia moved lower, and the broader Asia Pacific index also slipped. Futures trading suggested that both US and European markets may remain under pressure. In the United States, technology giants, often seen as the drivers of the market rally, lost ground as investors worried about stretched valuations. This dragged key indexes lower, with the Nasdaq seeing the sharpest fall, while the Dow managed to hold steady. Indian equities moved higher for the fourth straight session. Reliance Industries played a key role in supporting the market, helping both the Sensex and Nifty close in positive territory. On the policy front, the government is set to release data on core industries growth later in the day, while important meetings on GST reform and India-Russia cooperation are scheduled. These events may shape investor sentiment in the coming sessions.

Economic Calendar:

• USD: Initial and Continuing Jobless Claim Data 21^st August 2025.
• IND: S&P Global Manufacturing PMI (Aug) on 21^st August 2025.
• USD: Fed’s Balance Sheet Data on 22^nd August 2025.

Company	Open	Close	Price (Rs/-)	View
Vikram Solar Ltd.	Aug 19th	Aug 21st	315-332	Apply
Shreeji Shipp Glo Ltd.	Aug 19th	Aug 21st	240-252	May Apply
Mangal Ele Ind Ltd.	Aug 20th	Aug 22th	533-561	May Apply

Brokerage Radar:

UBS ON SRF:

Maintain sell target: Rs 2,400, Co’s Partnership With Chemours To Supply Fluoropolymers Could Be Significant, The Agreement May Support Chemours Global Ops Via Outsourcing To SRF, With Ready Fluoropolymers Capacity, Co May See Major Revenue Growth From FY27.

CLSA ON NTPC:

Maintain outperform target: Rs 459, Raised Capacity Target For FY32 Το 149GW, Up 15% From 130GW, Raised Capacity Target Driven By Renewables & Falling Polysilicon Prices, Also Accelerating Transition Plans, Including Carbon Batteries.

UBS ON HAL:

Target Rs 4900 Recommendation Neutral, Govt clears Rs 62000 cr order for 97 Tejas MK1A, This is second MK1A order for HAL; 180 MK1A in order book for HAL, Delivery for MK1A is yet to commence, With F404 engine issue now behind expect delivery to commence with 6 MK1A to be delivered in FY26E.

JEFFERIES ON ECONOMIC ACTIVITY:

Jefferies Economic Indicator for Jul’25 shows activity levels moderating to a 10-mth low of 5.2%, Weak July, but likely bottoming, Consumption data from autos, card spends, travel have softened, Rural economy doing better with higher crop sown and 2-year high currency in circulation growth.

International Markets:

U.S & Europe:

*As per 20^th August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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