Market View 20th March, 2025

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

Asian stocks climbed after the U.S. Federal Reserve kept interest rates steady and signaled a positive economic outlook. Australian and South Korean markets gained, while Hong Kong’s futures remained almost unchanged. Japanese markets were closed for a public holiday. On Wall Street, major indices surged, driven by strong performances from leading tech companies like Alphabet, Amazon, Apple, and others. The S&P 500, Nasdaq, and Dow Jones all ended higher, reflecting investor optimism. U.S. stock futures also showed gains, indicating continued positive sentiment. In India, stock markets extended their winning streak for the third straight day, with both the Nifty 50 and Sensex closing higher. Despite range-bound trading earlier in the day, markets gained momentum in the latter half, reflecting confidence ahead of the Fed’s decision. Overall, global markets responded positively to the Fed’s stance, with investors optimistic about future economic stability and growth.

Economic Calendar:

• USD: Initial and Continuing Jobless Claims on 20^th March 2025.
• IND: Foreign Reserves (USD) on 21^st March 2025.
• USD: Fed’s Balance Sheet on 21^st March 2025.
• IND: S&P Global Manufacturing and Services PMI on 24^th March 2025.

Brokerage Radar:

CLSA ON JUBILANT FOODWORKS:

urkish Lira depreciates, potential risk for Jubilant, The Turkish Lira has depreciated 5% yesterday with 8.5% depreciation YTD vs the USD, Jubilant had acquired DP Eurasia in early 2024, DP Eurasia operates in Turkey, Azerbaijan and Georgia and contributed 31% of group system sales in 3QFY25,

MACQUARIE ON TATA MOTORS:

Maintain Outperform, target price ₹826/share, JLR’s peers are constructive on US demand, Post share price underperformance, risk-reward is attractive, Management confident in delivering JLR’s net cash balance sheet by March 2025, Global peers remain optimistic on US demand.

NUVAMA ON PIDILITE:

Buy, Target ₹3,660, Remains a compounding machine, Focused on addressing white spaces with two senior CXO-level hires and a dedicated team, Core business mix: Growth and Pioneer now at 52:48, India growth potential: Tile adhesives usage is only 25% for fixing tiles, offering significant headroom, Waterproofing segment: Strong growth potential with 50%.

International Markets:

U.S & Europe:

*As per 20^thMarch.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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