Market View 07th March, 2025

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

Asian stock markets traded lower on Friday morning, mirroring Wall Street’s decline as investors moved away from risky assets amid tariff concerns. Markets in Japan, South Korea, and Australia saw losses, reflecting cautious sentiment. In the U.S., major indices ended in the red on Thursday, with the Dow Jones, S&P 500, and Nasdaq seeing significant declines, particularly in the technology sector. Meanwhile, Indian markets performed well for the second straight session, with the Nifty 50 reclaiming a key level and the Sensex crossing an important milestone. Both indices closed higher, supported by gains across multiple sectors. The positive momentum in India contrasted with the broader global trend of uncertainty. Investors worldwide remained cautious due to economic concerns, but Indian markets displayed resilience. Overall, while global stocks faced pressure, Indian equities continued their upward movement, reflecting optimism despite external challenges.

Economic Calendar:

• USD: U. S. President Trump Speaks on 8^th March 2025.
• IND: Foreign Reserves, USD on 7^th March 2025.
• USD: CB Employment Trends Index (Feb) on 10^th March 2025.
• IND: Industrial Production (YoY) (Jan) on 7^th March 2025.

Brokerage Radar:

NUVAMA ON ZEE ENT:

MAINTAIN BUY TARGET PRICE: 185, Promoters Bought 2.7mn Shares Worth ₹27 Cr Through Open Market, Promoter’s Stake Has Moved To 4.28%, Quantum Of This Acquisition Shows Belief In Long-term Prospects & Growth Potential, This Shall Boost Confidence Of Minority Investors, Zee’s Subscription Revenue Remains Strong With Seven Consecutive Quarters Of Expansion In Q3FY25.

JEFFERIES ON DLF:

MAINTAIN BUY TARGET PRICE: ₹1,000, Strong Cash Flows & Response To Dahlias Project Launch Shows Gurgaon Mkt Concerns Are Likely Overblown, Lease Income Is Set For A 20% Uptick As Several Properties Complete, Stock Trading At >30%, NAV Discount Is Attractive, Ignores Significant Potential Of Co’s Land Bank Beyond Near-term Project Pipeline, Mumbai Project Launch Could Provide A Near-term Trigger.

JPMORGAN ON BEL:

MAINTAIN OVERWEIGHT TARGET PRICE: ₹343, 20% Correction From Peak Presents A Good Entry Opportunity, Good Entry Opportunity Due To Structural Growth In Defence Capex In India, BEL Being The Most Diversified & Consistent Play On Same, BEL’s Revenue/EBITDA/PAT CAGRs Of 15%/17%/16% With 25%+ Avg ROE over FY24-FY27 Is Compelling, Stock Trading At FY26/FY27 P/E OF 36x/31x.

International Markets:

U.S & Europe:

*As per 7^thMarch.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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