Market View 20th May, 2025

View on market: Volatility persists, eagerly searching for growth

Asian stock markets rose after several days of decline, taking positive signals from the US, where shares moved closer to a bull market. The US dollar also saw slight gains along with futures tied to major American stock indexes. In both Europe and the US, markets stayed calm despite a recent downgrade of the US credit rating. The US Treasury Secretary played down the impact, saying the government is focused on cutting spending and supporting the economy. Asian investors are closely watching trade talks between the US and countries like India and Japan. Optimism grew after progress in discussions with China about reducing tariffs. In India, stock markets remained volatile and ended lower for the second day, still reacting to the US downgrade. In the US, markets recovered from early losses thanks to renewed interest in buying stocks at lower prices. Gains in large companies also helped. Experts believe the downgrade might be a short-term concern, with global trade improving.

Key Q4FY25 Financial Results for Today

ASTERDM, AUTOAXLES, BANSALWIRE, BLACKROSE, COSMOFIRST, DEVLAB, DIXON, DREDGECORP, ECOHOTELS, EIHOTEL, GANGAPHARM, HINDALCO, JACKSON, JKTYRE, MAXHEALTH, NHPC, PGIL, SOLARINDS, TORNTPHARM, UNITDSPR, WHIRLPOOL, ZYDUSLIFE.

Economic Calendar:

• USD: Crude Oil Inventories on 21^st May 2025.
• IND: S&P Global Services & Manufacturing PMI (May) on 22^nd May 2025.
• USD:S&P Global Manufacturing & Services PMI (May) on 22^nd May 2025.
• IND: Foreign Reserves USD on 23^rd May 2025.

IPO Watch:

Brokerage Radar:

MACQUARIE ON SUN PHARMA:

Maintain Outperform; Hike target price to Rs 2,135 from Rs 2,100, Checkpoint Therapeutics’ merger agreement reveals Sun Pharma’s bid well above the competition, Sun’s bid almost 2x that of another serious buyer, But we still see the buy as value accretive to Sun.

NOMURA ON GODREJ CONSUMER:

Maintain Buy; Hike target price to Rs 1,485 from Rs 1,450, FY26 guidance – India volumes to growth in mid-to-high-single digits and EBITDA in double-digits, Persistently investing in future growth categories, FY26 guidance to drive volume-led EBITDA growth is better than peers.

JPMORGAN ON PREMIER ENERGIES:

Maintain Neutral; Hike target price to Rs 1,013 from Rs 940, Q4 ahead; margins to rise, Premier forecasts strong Indian cell demand.

NOMURA ON INFOSYS:

Maintain Buy with target price of Rs 1,720, FY26E revenue guidance bakes in a range of macroeconomic outcomes, GenAl projects continue to mature, do not expect revenue headwind from GenAl, Focus on cash flow generation will continue.

International Markets:

U.S & Europe:

*As per 20^th May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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