Market View 14th Jan, 2025

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

Asian markets showed mixed movements early on Tuesday. Japan’s Nikkei 250 saw a decline, while South Korea’s Kospi and Australia’s ASX 200 gained slightly. In the US, markets ended Monday on a mixed note, with tech stocks suffering losses. The S&P 500 and the Dow Jones posted modest gains, but the Nasdaq Composite fell. Indian stock markets continued their downward trend for the fourth straight session, with significant losses in financial, energy, and real estate sectors. The Nifty 50 and Sensex both ended lower, marking their worst start to the year since 2016. The overall sentiment in India remained weak, with broader market sell-offs putting pressure on the indices. Investors remained cautious due to the ongoing volatility, and market performance showed significant regional differences. Despite some gains in certain markets, concerns over global economic conditions and sectoral performance weighed heavily on investor confidence.

Key Today’s Q3 Results

ATISHAY, BENARAS, GOLKUNDIA, HDFCAMC, NETWORK18, SHOPERSTOP, SHPLPUNE, SITAENT, SRMENERGY.

Economic Calendar:

• USD: PPI (Dec) on 14th January 2025.
• IND: WPI Inflation (Dec) on 14^th January 2025.
• USD: CPI Index (Dec) on 15^th January 2025.
• IND: Import and Export Data (Dec) on 15^th January 2025.

IPO Watch:

Brokerage Radar:

ICICI SECURITIES ON POWER FINANCIERS:

PFC – Initiate Buy, target price ₹550, 100 • REC – Initiate Buy, target price ₹600, 43 lakh crore generation and transmission pipeline to boost financiers’ growth, Energy transition funding is a key trigger, Both hold 20% market share in power financing.

JEFFERIES ON HOSPITALS:

Max Healthcare – Maintain Buy, target price ₹1380 (from 1250), Best sector exposure through brownfield bed additions, Max Health plans to expand bed capacity by over 50% in 2-3 years, Average Revenue Per Bed expected to grow mid- single digits in FY26.

MACQUARIE ON INDIAN SPIRITS:

Maintain Underperform, target price ₹1175, Praveen Someshwar appointed as new CEO, Outgoing CEO Hina Nagarajan to assume a new role in Diageo Group, Praveen previously served as CEO of HT Media with a 24-year career at PepsiCo, ting clarity Awaiting clarity on new brand development in the prestige segment.

International Markets:

U.S & Europe:

*As per 14^thJanuary.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

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