Market View 28th May, 2025

View on market: Volatility persists, eagerly searching for growth

Asian markets opened higher, taking a positive cue from Wall Street’s biggest rally in over two weeks. This bounce was driven by stronger U.S. consumer confidence and a global surge in bond markets. It temporarily ended the recent trend of selling U.S. assets, which was driven by concerns over the country’s fiscal outlook due to trade tensions and tax policies. In Japan, attention is focused on an upcoming government bond sale, especially as borrowing costs are rising globally. Japanese bond yields have also been increasing as the central bank slows its bond-buying efforts. Despite the upbeat global mood, Indian markets ended lower after two days of gains, reflecting ongoing domestic market volatility. In the U.S., stocks rebounded strongly, supported by growing confidence among consumers and progress in trade talks between the U.S. and the European Union. President Trump expressed hope for a trade deal, delaying potential tariffs. U.S. stock indices rose sharply, and the dollar gained strength against other major currencies.

Key Q4FY25 Financial Results for Today

3MINDIA, AANANDALAK, AEONXDIGI, BLUECHIP, CRSL, CUMMINSIND, DEEPAKNTR, DRCSYSTEMS, EMPOWER, FRANKLININD, GENUSPAPER, GTNINDS, HGS, IRCTC, JINDWORLD, JMGCORP, KOTHARIPRO, MANAKSTEEL, SAIL, TVSSCS, WELCORP.

Economic Calendar:

• USD: Mortgage Market Index on 28^th May 2025.
• IND: Industrial Production (YoY) (Apr) on 28^th May 2025.
• USD: GDP Price Index (QoQ) on 29^th May 2025.
• IND: GDP Quarterly (YoY) on 30^th May 2025.

IPO Watch:

Brokerage Radar:

CITI ON INFO EDGE:

Maintain Buy; Cut target price to Rs 1,685 from Rs 1,820, EBITDA missed estimates in Q4 as it upped A&P spending across Recruitment/Property, Attrition rates in IT Services may not rise further while other growth drivers may persist.

JPMORGAN ON NMDC:

Maintain Underweight with target price of Rs 56, Sharp earnings miss on elevated costs, Revenue came in 2% higher on better sales in pellets, other minerals etc., Capex for FY25 came in lower than management guidance.

NOMURA ON FORTIS HEALTH:

Hike target price to Rs 820 from Rs 700, Can trade in line with or ahead of peers, driven by improved financial performance, Sustained improvement in financial performance; sanguine FY26E guidance, Expect a gradual improvement in growth and EBITDA margin in the medium term.

MACQUARIE ON LIC:

Maintain Outperform with target price of Rs 1,215, VNB growth caution, valuation provides safety net, Increasing non-par mix and decline in cost ratios provide margin support, Valuation support despite downside risk to VNB estimates.

International Markets:

U.S & Europe:

*As per 28^th May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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