
View on market: Volatility Prevails, Market is searching for better value
Most Asia-Pacific markets traded higher after Japan’s GDP grew by 2.8% in the fourth quarter, surpassing expectations of a 1% increase. This strong economic performance boosted investor sentiment, with the Nikkei 225 and Kospi both seeing modest gains. In contrast, the Australian market, represented by the S&P ASX 200, declined slightly. In the United States, major stock indices closed mixed, with the Dow Jones and S&P 500 posting small losses, while the Nasdaq Composite rose by a slight margin. Meanwhile, Indian stock markets ended the day lower, continuing their longest losing streak in two years. The NSE Nifty 50 and BSE Sensex both closed down, reflecting ongoing market concerns. Despite Japan’s positive GDP growth, the global market environment remained mixed, with some regions seeing gains and others facing declines. Investor sentiment remained cautious as markets responded to varying economic indicators.
Key Today’s Q3 Results
ABB, MAHESH.
Economic Calendar:
- USD: NAHB Housing Market Index (Feb) on 18th February 2025.
- IND: M3 Money Supply on 19th February 2025.
- USD: Initial Jobless Claims on 20th February 2025.
- IND: S&P Global Manufacturing and Services PMI on 21st February 2025.
IPO Watch:
Company | Open | Close | Price | View |
Quality Power Ele Equi Ltd | 14-Feb | 18-Feb | 401-425 | Apply |
Brokerage Radar:
JEFFERIES ON SAMVARDHANA MOTHERSON:
Maintain Buy, target price at ₹165 (from 185), EBIDTA margins come above estimates, Global auto environment remains challenging, Co is expanding its exposure to non-auto segments such electronics and space pobo, Finding inorganic opportunities at attractive valuations, Cut FY25 EPS by 9%.
HSBC ON PHARMA:
Concerns on US tariffs appear overdone, Indian companies supply 60% of generic drug volume to US, They help US healthcare system to lower costs, 10% tariff would lead to 1-6.5% cut to FY26 EPS, Bear case-DRL, Lupin, Aurobindo, Cipla, Zydus to be impacted all, Sun Pharma and Torrent Pharma could see minimal impact due to low dependency on US sales.
JEFFERIES ON AMBER ENTERPRISES:
Maintain Buy, target price ₹8,845, Domestic AC industry could grow +30% YoY, Led by strong Q1 summer and channel filing in Q2,Q3, Electronics business-imposition of anti-dumping duty in PCBs led to new customers, Mobile growth impacted due to order delays, FY24-27 expect margin accretive components CAGR-35% to outpace AC-22%.
International Markets:
U.S & Europe:
Particulars | 14th Feb | Chg. | Chg.(%) |
Nasdaq | 20,037.25 | 91.60 | 0.46 |
Dow | 44,546.08 | -165.35 | -0.37 |
FTSE | 8,732.46 | -32.26 | -0.37 |
CAC | 8,178.54 | 14.43 | 0.18 |
DAX | 22,513.42 | -98.60 | -0.44 |
Dow Fut.* | 44,564.50 | 18.42 | 0.04 |
*As per 17thFebruary.
Asian markets:
Particulars | 17th Feb | Chg. | Chg.(%) |
GIFT Nifty | 22,976.50 | -19.15 | -0.08 |
Nikkei | 39,164.87 | 15.44 | 0.04 |
Straits Times | 3,894.03 | 16.83 | 0.43 |
Hang Seng | 22,622.29 | 1.96 | 0.01 |
Shanghai | 3,343.25 | -3.47 | -0.10 |
Stocks strong on Chart:
Index | F&O | Cash |
BRITANNIA | PFC | RALLIS INDIA |
BAJAJFINSV | ICICI BANK | CEAT |
TCS | HCLTECH | BEML |
HDFC BANK | BHARTIARTL | MAX ESTATE |
WIPRO | INFOSYS | NIPPON AMC |
RIL | KOTAKBANK | MINDACORP |
Commodities & Currency:
Particulars | Current Price | Chg.(%) |
USD/INR | 86.663 | 0.05 |
Brent | 74.65 | -0.12 |
Gold | 84,710 | 0.03 |
Silver | 95,564 | -0.02 |
FIIs & DIIs:
Particulars | 14th Feb | 13th Feb |
FIIs | -4,294.69 | -2,789.91 |
DIIs | 4,363.87 | 2,934.50 |
NEWS UPDATES
JSW Energy: | National Company Law Tribunal approved the company’s resolution plan for the KSK Mahanadi Power Company. |
Zydus Lifesciences: | The United States Food and Drug Administration closed its inspection at company’s API manufacturing plant at Ambernath, Maharashtra. |
Vodafone Idea: | All AGR related matters related to telecoms at the Supreme Court has been closed. |
Uno Minda: | The company is set to acquire a remaining 49.9% stake in its joint venture UnoMinda EV Systems Pvt. Ltd. from FRIWO Geratebau GmbH. |
Source: Moneycontrol, Bloomberg Quint, Investing
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