Market View 8th May, 2025

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

Asian stock markets started the day quietly as investors waited for updates on trade talks between China and the United States. There was little movement in prices because the US Federal Reserve made it clear it isn’t ready to lower interest rates just yet. Officials are still comfortable keeping rates the same due to steady economic demand and low joblessness. In the US, the stock market bounced back after two days of decline. This recovery was helped by a rise in chipmaker stocks, after news came out that the Trump administration might ease some rules on the semiconductor industry that were set during the Biden era. Positive economic data and trade decisions have also helped reduce market uncertainty. India’s stock markets also ended the day on a positive note, recovering from the previous day’s losses. Overall, markets are stable, with investors showing some caution but also gaining confidence from recent developments in trade and the economy. Everyone is now waiting for clearer signs before making bigger moves.

Key Q4FY25 Financial Results for Today

ABHIFIN, ACGL, ANDHRAPAP, ASARFI, ASIANPAINT, BHARAT, BHARATFORG, BIOCON, BRITANNIA, CANBK, CHAMBLFERT, DBCORP, DBL, EPL, ESCORTS, GTLINFRA, HCC, IIFL, LT, MCX, PIDILITIND, RECLTD, REFEXRENEW, TITAN, UNIONBANK.

Economic Calendar:

• USD: Continuing and Initial Jobless Claims on 8^th May 2025.
• IND: Deposit Growth and Bank Loan Growth Rate on 9^th May 2025.
• USD: Federal Budget Balance (April) on 12^th May 2025.
• IND: Foreign Reserves USD on 9^th May 2025.

Brokerage Radar:

MACQUARIE ON DABUR:

Maintain Neutral with target price of Rs 480, Q4 EBITDA broadly in line, Targeting high-single-digit sales growth for FY26.

CITI ON COAL INDIA:

Maintain Neutral; Hike target to Rs 395 from Rs 390, Q4 volumes and prices subdued, Expect limited upside in e-auction prices given coal inventory in the system.

MACQUARIE ON VOLTAS:

Maintain ‘outperform’ with a target price of Rs 1,520. UCP margin surprises Project business back to losses Summer panning out weaker than expected. Believe near-term upside will be capped; Havells is preferred pick.

CLSA ON MRF:

Maintain ‘outperform’ and hike target price to Rs 16,8,426 from Rs 1,28,599. MRF Ebitda margin came in at 15%, up 337 basis points quarterly. Beginning of the margin upcycle Bulk of the recent commodity correction to come from the second quarter of fiscal 2026 Industry leadership and superior capital efficiency.

International Markets:

U.S & Europe:

*As per 8^thMay.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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