Market View 24th April, 2025

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

Asian markets opened with limited movement on Thursday as global momentum slowed. This was mainly due to unclear signals from the Trump administration about its plans for tariffs on China, which created some hesitation among investors. In the U.S., key stock indices closed higher but lost part of their early gains, reflecting mixed sentiment. Back in India, stock markets extended their winning streak for the seventh straight session. The NSE Nifty 50 and BSE Sensex ended at their highest levels since mid-December last year. The rally was driven by strong buying in technology stocks, which lifted overall market sentiment. Post-market on Wednesday, companies like LTI Mindtree, Tata Consumer, and Syngene International released their earnings reports. Bajaj Finance is considering a stock split and bonus issue, aimed at making shares more accessible. NHPC announced plans for a large solar energy project, signaling growth in the renewable sector. Overall, while markets are showing strength, global uncertainty continues to affect investor confidence.

Key Q4FY25 Financial Results for Today

ACC, ADANIENSOL, AXISBANK, CYIENT, HINDUNILVR, IEX, INDBANK, LAURUSLABS, LTTS, NELCO, NESTLEIND, PERSISTENT, SBICARD, SBILIFE, SWSOLAR, WAAREE, TECHM, MPHASIS.

Economic Calendar:

• USD: Continuing and Initial Jobless Claims on 24^th April 2025.
• IND: Foreign Reserves (USD) on 25^th April 2025.
• USD: Reserve Balances with Federal Reserve Bank on 25^th April 2025.
• IND: Industrial Production (YoY) on 28^th April 2025.

Brokerage Radar:

NUVAMA ON LTIMINDTREE:

Maintain Buy, target price cut to Rs 5200 vs Rs 5350, LTIMindtree reported weak Q4FY25 results, BFSI and manufacturing sustain momentum; margins soft, LTIM had a challenging FY25 as growth slowed down in H2FY25 due to a delay in deal execution and client-specific challenges.

UBS ON INDIA:

Upgrades Indian stocks to Neutral from Underweight, Cites market’s high domestic focus & earnings resilience for the upgrade, Still prefers China over India due to better risk-reward ratio.

NUVAMA ON TATA CONSUMER:

Retain Buy, target price hiked to Rs 1335 from Rs 1255, Marginally cutting FY26E/27E EPS by 1.3%/1.7%, Revenue in-line with estimates, EBITDA beat, 2% uptick in India tea volumes below est, salt 5% in-line, Coffee prices remain elevated with average prices for Robusta/Arabica surging 97%/65% YoY.

International Markets:

U.S & Europe:

*As per 24 ^thApril.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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