Market View 18th August, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian shares and crude oil slipped as investors stayed cautious ahead of talks between Donald Trump and Ukraine’s President Volodymyr Zelenskiy. In the United States, major indexes moved higher at the end of last week, with the Dow showing strong gains, while the S&P 500 and Nasdaq also advanced. Both indexes have recorded steady weekly rises recently, supported by expectations of lower interest rates. On Monday morning, futures trading in the U.S. pointed to a slightly positive opening, extending the momentum from the previous week. In India, benchmark indices closed almost unchanged in the last session, though select stocks like Wipro, Eternal and HDFC Life provided support. For the week, key indices performed better than the broader market, breaking a long streak of losses. Gains were led by healthcare and insurance names, with Apollo Hospital, Eternal and Cipla standing out as key contributors. S&P Global upgraded India’s rating from BBB- Stable to BBB Stable, citing resilience and fiscal consolidation. And Indian Government announced GST Reforms.

Economic Calendar:

• USD: Initial and Continuing Jobless Claim Data 21^st August 2025.
• IND: S&P Global Manufacturing PMI (Aug) on 21^st August 2025.
• USD: Fed’s Balance Sheet Data on 22^nd August 2025.
• IND: S&P Global Services PMI (Aug) on 21^st August 2025.

Company	Open	Close	Price (Rs/-)	View
Vikram Solar Ltd.	Aug 19th	Aug 21st	315-332	Apply

Brokerage Radar:

JEFFERIES ON ADITYA BIRLA FASHION:

Target ₹100 Buy Recommendation, Better ethnic wear offsets weak Pantaloons, Capital raise in TMRW should ease equity support from ABFRL, Pantaloons, however, saw subdued perf., led by shift in Eid timing, Mgmt. outlook remains strong on festive season and H2FY26 growth, along with margin improvement.

JEFFERIES ON BPCL:

Target ₹410 Earlier Target ₹370 Recommendation Buy, Govt’s compensation for LPG losses should aid earnings and net debt, Earnings outlook is strong on range bound crude given OPEC supply, Valuation is most favourable vis-à-vis peers, Preferred OMC pick.

JEFFERIES ON ASHOK LEYLAND:

Target ₹120 Earlier Target ₹115 Recommendation Buy, Subdued Demand; Good Margins, Like high focus on profitability, but stock is already at 5.5x FY26E PB, Valuations unlikely to rise much unless truck demand improves.

MORGAN STANLEY ON TATA CHEMICAL:

Target, ₹1127 Recommendation Overweight, Hosted the MD of Tata Chemicals for a roadshow in Singapore and Hong Kong, Ex-China, Tata Chemical sees a more balanced market, despite weakening demand trends in North America and Europe, Tata Chemical sees a bottom in pricing, Clear focus on deleveraging over significant new investments.

International Markets:

U.S & Europe:

*As per 18^th August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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