Market Bizzz

Siddhartha Khemka from MOFSL anticipates cement demand recovery due to good monsoon and Budget expectations, advocating for investments in UltraTech and JK Cement. He highlights market volatility amidst upcoming events. Positive outlook for pharma, IT, and life insurance sectors tied to tax reforms. Coromandel International favored in the fertilizers sector benefiting from potential subsidy and rural allocation increases.

Kenneth Andrade highlights pharmaceuticals, aviation, and IT services as promising sectors. He advises staying patient, building a long-term portfolio, and reinvesting in existing stocks. Andrade emphasizes the need for corporate investment and cautious valuation in small and midcap stocks. He believes in identifying good companies and exploiting market volatility for future gains.

I would not look at too much into one quarter here and there, but the expansion of the market, irrespective of what is happening to mid or smallcap, of course, if they are frothy they are correcting.

On Tuesday, gold and silver ended on a positive note in both domestic and international markets. The gold April futures contract finished at Rs 80,899 per 10 grams, up by 0.92%, while the silver March futures contract closed at Rs 91,051 per kilogram, gaining 0.91%.

The Nifty Pharma index was trading 1.0 per cent up at 21004.5.

Tata Steel’s December quarter net profit fell 36% year-on-year to Rs 327 crore, with revenue down 3% to Rs 53,648 crore. The decline was driven by a 5.5% revenue drop in its Indian operations. Analysts from JP Morgan and Morgan Stanley maintained positive outlooks, highlighting strong domestic performance and lower costs in various segments.

Bajaj Housing Finance reported a 25% YoY growth in profit after tax to Rs 548 crore for the third quarter, with net interest income also rising 25% YoY to Rs 806 crore. The firm’s loan assets jumped 31% YoY, while fee and commission income surged 53% YoY.

The Japanese yen declined from its safe-haven gains as investors reacted to a Chinese startup’s new open-source AI model and fresh U.S. tariff threats. The U.S. dollar steadied, while the euro weakened ahead of an expected ECB rate cut amid Trump’s tariff plans on various imports.

These stocks’ 50-day SMA crossed below their 200-day SMAs on January 24.