Market View 19th August, 2025

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

In Asia, markets were mixed, with most shares moving in narrow ranges. Mainland Chinese stocks held close to their highest levels in a decade, while other Asian indices traded without much direction as investors awaited further global cues. In the United States, Wall Street remained steady near record highs, reflecting optimism but also caution ahead of a key event later this week. Investors are closely watching the Federal Reserve’s annual policy symposium in Jackson Hole, where signals on future interest rate decisions are expected. In Europe, equity futures advanced as leaders emphasized progress in negotiations aimed at ending the conflict in Ukraine. Oil prices slipped slightly as traders assessed the potential effect of peace efforts on energy supply. Indian stock markets closed higher on Monday, supported by gains in automobile companies such as Maruti Suzuki, Hero MotoCorp and Bajaj Auto. Investor sentiment was lifted as optimism grew around the progress of peace talks involving the United States, Ukraine, European leaders and NATO.

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 RIL:

Target Rs 1670 Earlier Target ₹1726 Recommendation Buy, Annual Report shows rise in capitalized costs in Jio and Retail, FCF improvement driven by Jio and marginal rise in net debt, Priorities include home broadband and enterprise in Jio, improving growth and FMCG in Retail and renewable in O2C.

BERNSTEIN ON NTPC:

Target Rs 433 Recommendation Outperform, NTPC increased its 2032 capacity guidance to 149 GW from 132 GW earlier, Re-emphasized its Rs 7 Trillion capex plan till then, Nuclear: Strong emphasis on 30 GW target by 2047, Renewables: Confidence on their ability to execute 6 GW this year and 8 GW in the next one.

JEFFERIES ON JSW INFRA:

Target Rs 375 Recommendation Buy, Capacity additions to drive earnings growth, Identify two key catalysts for JSW Infra over the next eighteen months, See a 31% capacity addition through commissioning of underdevelopment ports/terminals.

HSBC ON L&T TECH:

Target Rs 4790 Recommendation Hold, Q2 likely to be the bottom for L&T Tech, Autos may continue to be weak but other segments should make up for growth, Maintains double-digit CC growth in FY26e and is confident of its investments to take growth to mid-teens.

International Markets:

U.S & Europe:

*As per 19^th August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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