Market View 30th April, 2025

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

Asian stock markets moved slightly higher, supported by a positive trend in the U.S. equity markets. Investors remained hopeful that companies will manage to stay strong despite weaker economic growth and concerns about tariffs. Markets in Japan and Australia opened on a positive note, while Hong Kong futures also pointed to small gains. However, Chinese mainland stocks saw a minor decline, while South Korea’s market rose slightly. In the U.S., the stock market extended its rally for the sixth session. The S&P 500 and Nasdaq both moved higher, as investors grew more confident in the strength of American companies. Hopes increased after signs that the U.S. government might ease its stance on car import tariffs, offering relief amid ongoing trade tensions. Indian stock markets also ended in positive territory for the second day in a row. Overall, the global market sentiment was upbeat, with cautious optimism that businesses can handle the challenges from slower growth and trade-related issues.

Key Q4FY25 Financial Results for Today

ADANIPOWER, AJANTPHARM, BANDHANBNK, CRISIL, ELANTAS, EQUITASBNK, EXIDEIND, FEDERALBNK, GODREJAGRO, GREENPOWER, INDUSTOWER, IOC, JINDALSTEL, JSWINFRA, MOIL, PUNJABCHEM, VBL, VEDL.

Economic Calendar:

• USD: GDP Price Index (QoQ) on 30^th April 2025.
• IND: RBI Monetary and Credit Information Review on 30^th April 2025.
• USD: Initial and Continuing Jobless Claims on 1^st May 2025.
• IND: S&P Global Manufacturing PMI (Apr) on 1^st May 2025.

Brokerage Radar:

CITI ON BPCL:

Maintain Buy with target price of Rs 390, Q4: Strong refining performance drives beat, Marketing aided by inventory gains.

MORGAN STANLEY ON TRENT:

Maintain Overweight with target price of Rs 6,359, Q4: Some hits and some misses, Greater-than-expected gross margin compression in Q4 implies some inventory write-offs.

MACQUARIE ON BAJAJ FINANCE:

Maintain Underperform with target price of Rs 6,290, Q4: PAT in line, higher provisions offset by lower taxes, Earnings growth to remain below expectations in FY26E.

UBS ON AMBUJA CEMENTS:

Maintain Buy; Hike target price to Rs 675 from Rs 620, Strong rebound post a dismal Q3, Robust volume performance continued; margin improvement back on track.

International Markets:

U.S & Europe:

*As per 30^th April.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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