Market View 13th Feb, 2025

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

Stocks in the Asia-Pacific region rose on Thursday, with Japan’s Nikkei leading the gains, while South Korea’s Kospi also saw an increase. Futures in China and Hong Kong suggested a positive start for the day. In contrast, US Treasuries experienced a selloff, influenced by Wall Street’s reaction to inflation data that was higher than expected. This inflation news reduced expectations for rate cuts. Wall Street’s performance was mixed, with the S&P 500 and Dow Jones slipping, while the Nasdaq saw a small gain. Meanwhile, Indian equity markets continued their losing streak, with the benchmark indices closing lower for the sixth consecutive day. Stocks of Mahindra & Mahindra and Eicher Motors were the main contributors to the declines. The NSE Nifty 50 and BSE Sensex both ended in the red, indicating ongoing challenges in the Indian stock market. This trend reflected the broader global market conditions.

Key Today’s Q3 Results

ADITYA, AFCONS, ANURAS, APCL, ARIES, ASHAI, ASHIMASYN, ASHOKAMET, BALPHARMA, BHARATAGRI, BNHOLDINGS, CARBORUNIV, CHANDRIMA, DCM, GANGESSECU, GUJAPOLLO, HARRMALAYA, HINDALCO, HITECHGEAR, JPASSOCIAT, QUADFUTURE.

Economic Calendar:

• USD: Initial Jobless Claims on 13^th February 2025.
• IND: WPI Inflation (YoY) (Jan) on 14^th February 2025.
• USD: Export and Import Price Index (Jan) on 14^th February 2025.
• IND: S&P Global Manufacturing and Services PMI on 21^st February 2025.

IPO Watch:

Brokerage Radar:

HSBC ON KOTAK MAHINDRA BANK:

Maintain Buy, target price ₹2210 (From ₹2100), Positive development which will improve customer franchise, earning outlook and valuations, Resume its key acquisition channel and also expand in high RoE credit card business, Would allow the bank to resume digital customer acquisition.

MORGAN STANLEY ON ICICI PRU AMC LISTING:

rudential is evaluating a potential listing of ICICI Prudential Asset Management Company Limited, Involving the partial divestment of its shares, It is intended that following the completion of such a divestment, the net proceeds would be returned to shareholders.

MACQUARIE ON ASHOK LEYLAND:

Maintain Neutral, target price ₹226, Q3FY25 EBIDTA Margin surprises, Better than expected blended realization, lower than estimated other expenses, Demand outlook remains positive, Expects demand to improve further on back of improving macro helped by lower rates.

International Markets:

U.S & Europe:

*As per 13^thFebruary.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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