Market View 12th March, 2025

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

Stock markets in the Asia Pacific region traded within a tight range on Wednesday, showing mixed performances across major indices. Investor sentiment improved after the U.S. president downplayed recession fears, helping U.S. markets stage a late recovery despite earlier volatility. South Korea’s market gained, while Australia’s index declined, nearing correction territory. Markets in Japan, Hong Kong, and China moved higher, reflecting cautious optimism. In the U.S., major indices struggled in the previous session, with the S&P 500 and Nasdaq slipping, while the Dow Jones saw a sharper decline. Investors remained wary amid ongoing concerns over economic growth and market stability. Meanwhile, India’s markets recovered from early losses, ending on a mixed note as gains in banking and telecom stocks offset broader weakness. The overall market movement suggested a balance between optimism and caution as global economic uncertainties continued to shape investor sentiment.

Economic Calendar:

• USD: CPI Index (Feb) on 12^th March 2025.
• IND: CPI Index (Feb) on 12^th March 2025.
• USD: Continuing Jobless Claims Data on 13^th March 2025.
• IND: Export and Import Data on 14^th March 2025.

Brokerage Radar:

NUVAMA ON TATA MOTORS:

Maintain Reduce, target price ₹720, JLR on track to achieve FY25 EBIT margin guidance of at least 8.5% and turn net cash positive, FY26 JLR volume performance may be stressed due to discontinuation of Jaguar models and a subdued China outlook, though Land Rover’s performance is expected to outpace the industry.

NUVAMA ON ULTRATECH CEMENT:

Maintain Hold, target price ₹11,574, Reiterates focus on growth and profitability, Expects cement price hikes to continue in April 2026, aided by healthy demand in FY26, Industry consolidation to continue through both organic and inorganic means, Confident of achieving cost savings of ₹300/t-plus by FY27.

ICICI SECURITIES ON TATA COMM:

Double Upgrade to Buy, target price ₹1,840, Stock corrected due to near-term revenue weakness and ambitious guidance for FY24 impacted by Red Sea cable cut and weak order book, Outlook improving with the Red Sea issue behind and double-digit OB growth in, Market yet to factor in ₹33 bn FY27E FCF from core connectivity (7.2% of EV).

International Markets:

U.S & Europe:

*As per 12^thMarch.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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