Market View 18th March, 2025

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

Asian stock markets opened higher on Tuesday, tracking gains in the US, where retail sales data eased recession concerns. Japan, Australia, and South Korea saw early increases, while Hong Kong was expected to follow. The positive momentum came after Wall Street closed higher, with the S&P 500, Dow Jones, and Nasdaq all rising as investor confidence improved. Strong consumer spending in the US helped ease fears of an economic slowdown, encouraging global markets. India’s stock market also rebounded on Monday after a two-day decline. Both the Nifty and Sensex ended higher, reflecting the broader optimism seen worldwide. Investors were encouraged by gains in global equities and renewed confidence in China’s economy, which further supported market sentiment. Overall, markets responded positively to economic data, signaling optimism about future growth. While uncertainties remain, improved consumer spending and hopes for stability in major economies have contributed to the current uptrend in equities across different regions.

Economic Calendar:

• USD: Export Price Index on 18^th March 2025.
• IND: Foreign Reserves (USD) on 21^st March 2025.
• USD: Monetary Policy on 19^th March 2025.
• IND: Federal Fiscal Deficit (Feb) on 31^st March 2025.

Brokerage Radar:

NUVAMA ON PVR INOX:

MAINTAIN BUY TARGET: 1,765, Feb-25 Is The Highest-grossing February Post-pandemic At ₹1,245 Cr, Hindi Movie Industry Revival Is Evident; Consistency Is Key, Promoter Buying & Strong Q4FY25 Are Notable Triggers With A Solid Hollywood Line-up.

CITI ON SONA BLW:

MAINTAIN BUY Target Price Cut To 570/sh, Sona’s Large Orderbook Differentiates It From Other Indian B2B Part Makers, Strong orderbook supports long-term outlook, Risks Include Lower global demand affecting new orders, Risks Include Potential delays in existing orders.

MACQUARIE ON ADANI GREEN:

Outperform, target price ₹1,200, Largest renewable energy company in India, Adani Green’s capacity likely to expand 2.5x to 30GW+ by FY30 (currently 11.6GW), Capacity expansion to drive: 1.25% EBITDA CAGRO, Annualized cash flow from operations of $1.8 billion, Reduction in net debt/EBITDA to 5x (from 7x).

International Markets:

U.S & Europe:

*As per 18^thMarch.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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