Market View 12th May, 2025

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

Asian markets and U.S. stock futures rose as China and the U.S. announced good progress in trade talks. Asian shares opened higher, and Japanese stocks continued their long winning streak. U.S. futures for major indexes also moved up, showing investor optimism about a potential trade deal. In India, markets fell after three weeks of gains, mainly due to rising tensions with Pakistan. The situation led to increased volatility, and foreign investors began selling Indian stocks after weeks of buying. Meanwhile, U.S. markets ended the week with a cautious mood. Investors avoided risky moves, waiting to see how trade talks between China and the U.S. would unfold. Although the talks showed early promise, many believe it will take several rounds to reach a full agreement. After a strong recent rally, U.S. market activity has slowed, with major indexes showing little change by the end of the week.

Key Q4FY25 Financial Results for Today

AARTISURF, ALICON, ARTEMISMED, ATHERENERG, AVADHSUGAR, BAJAJELEC, BPLPHARMA, CARERATING, HAPPSTMNDS, HEALTHYLIFE, JYOTHYLAB, JMFINANCIL, KRN, METROGLOBL, MOREPENLAB, PGEL, PVRINOX, RAYMOND, SRF, TATASTEEL, UPL, ZENLABS.

Economic Calendar:

• USD: Federal Budget Balance (April) on 12^th May 2025.
• IND: CPI (YoY) on 12^th May 2025.
• USD: Core CPI (MoM) on 13^th May 2025.
• IND: WPI Inflation (YoY) on 14^th May 2025.

Brokerage Radar:

GOLDMAN SACHS ON PIDILITE:

Maintain buy target price: Rs 3,475,  Strong Near Double-digit Volume Growth Despite A Muted Environment, Mgmt Remains Optimistic About FY26 Growth Amid Broader Consumption Improvement, B2B Growth Likely To Remain Strong Over The Next 2-3 Years, Gross Margin Expanded; A&P Expenses Increased.

INVESTEC ON SMBC BUYING STAKE IN YES BANK:

$1.6 billion transaction marks the largest cross-border equity investment in the Indian banking sector, Stake sale does not involve any change in management control yet, Deal marks the second large equity transaction in the mid-sized bank space after IDFC First.

BOFA ON DR REDDY’S:

Maintain Buy with target price of Rs 1,450, Broad based growth supporting margins, Growth engine at work for post gRevlimid earnings,Tariff risk – focus on supply continuity.

MACQUARIE ON SWIGGY:

Maintain Underperform with target of Rs 260, Results continued to under-score the challenges for the platform, Margin gap to Eternal continued to narrow; adj EBITDA margin at 2.9% Vs Eternal: 4.4%.

International Markets:

U.S & Europe:

*As per 12^th May.

Asian markets:

**As per 09^th May.

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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