Market View 16th May, 2025

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

Asian markets moved higher, taking cues from Wall Street’s recent gains, which signaled improved investor confidence. This positive sentiment came as US President Trump stated that India had offered to lower tariffs on American goods during trade negotiations. These talks began following Prime Minister Modi’s visit to the White House earlier this year. Japan’s economy, however, showed its first decline in a year, slightly dampening the regional outlook. In India, stock markets ended higher for the second straight day, driven by strong performances from leading companies such as Reliance Industries, HDFC Bank, and ICICI Bank. This indicated growing optimism among Indian investors despite global uncertainties. In the US, markets extended their rally. The S&P 500 gained for the fourth day, although investors remained cautious. Many shifted their focus to safer, dividend-paying stocks that had not performed strongly in previous weeks. While the Dow Jones saw more gains, the Nasdaq stayed mostly flat.

Key Q4FY25 Financial Results for Today

ASIIL, BHEL, BMW, DELHIVERY, EIHAHOTELS, ENIL, GALAXYSURF, GCSL, GEL, GPTINFRA, HCLTD, HERITGFOOD, HYUNDAI, IOLCP, JUBLPHARMA, KPIL, KRBL, KROSS, POCL, RELINFRA, SDL, SGMART, STLTECH, TEXINFRA, TEXRAIL, ZODIAC.

Economic Calendar:

• USD: Import and Export Price Index Data on 16^th May 2025.
• IND: Foreign Reserves USD on 16^th May 2025.
• USD: Fed’s Balance Sheet Data on 16^th May 2025.
• IND: Deposit and Bank Loan Growth Rate on 16^th May 2025.

Brokerage Radar:

MACQUARIE ON ITC HOTELS:

Maintain ‘outperform’ and hike target price to Rs 240 from Rs 230. Strong quarter driven by improvements in key KPIs and Ratnadipa profitability. Solid revenue beat of 8% and Ebitda beat of14% driven by growth in ARR, occupancy, and cost controls.

CLSA ON LIC HOUSING FIN:

MAINTAIN OUTPERFORM TARGET PRICE: Rs 720, Q4 NII & PPOP Was 3-5% Ahead Of Estimates Led By Lower Cost Of Funds, Credit Cost Was Also Lower Than Expectation Thus Net Profit Beat Estimate By 6%.

MORGAN STANLEY ON INDUSIND BANK:

Maintain Equal-weight with target price of Rs 755, Inflated MFI interest income – Rs 900 crore annualized hit to FY25 earnings, See significant downside to FY25, FY26, FY26 and FY27 earnings estimates are at risk of 15-20% downgrade.

MORGAN STANLEY ON PB FINTECH:

Maintain Underweight with target price of Rs 1,130, Q4: In-line adjusted EBITDA, Sharply lower core new business premium growth at 21%, Steep valuation drives our Underweight.

International Markets:

U.S & Europe:

*As per 16^thMay.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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