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Sammaan’s Upgrade, Motherson’s Stock Split & FII-DII Trends

Sammaan’s Upgrade, Motherson’s Stock Split & FII-DII Trends


Welcome to Markets Daily by Bajaj Broking, where we bring you the latest market insights to help you stay ahead of the curve. Don’t forget to check out our Morning Podcast for more updates!
 

Also Read: Stock Market Live Updates

Sammaan’s Upgrade, Motherson’s Stock Split & FII-DII Trends!

Global Market Overview

Global markets started the week on a strong note, with the S&P 500 rising 0.6% as investors awaited the Federal Reserve meeting and Nvidia's AI conference.
 

U.S. retail sales rebounded, easing recession concerns.

Asian markets followed Wall Street’s momentum.

10-year U.S. Treasury yield remained stable.

Gold hovered near $3,000.


Also Read: Manappuram Finance Board to Consider Fundraising Proposals on March 20

MANAPPURAM FINANCE LTD

Trade

230.85-1.19 (-0.51 %)

Updated - 30 April 2025
233.65day high
DAY HIGH
229.04day low
DAY LOW
4270268
VOLUME (BSE)

Indian Market Recap

Indian markets ended higher, with Nifty reclaiming 22,500 as key sectors like auto, banking, and metals gained.
 

Nifty Outlook: Expected to extend its uptrend towards 22,700-23,000, with strong support at 22,200-22,300.
 

Derivative Data: Put writing at key support levels suggests a positive bias, although FIIs remained net sellers while DIIs were net buyers.

Key Market Updates

  1. Sammaan Capital  S&P Global Ratings upgraded Sammaan Capital Limited’s long-term international credit rating to B+ (Stable outlook) from B (Positive outlook). This upgrade signals improved financial stability and growth prospects.

  2. Motherson Sumi Wiring: The company’s Board Meeting on March 21 will consider a stock split, which could enhance liquidity and make the stock more accessible to retail investors.

  3. FII & DII Data: FIIs: Net sellers of ₹4,488.45 crore in equities.

    DIIs: Net buyers of ₹6,000.60 crore, supporting the market’s upward momentum.

Also Read: IRCON Wins Rs.285 Crore Order in Meghalaya Secretariat Project

Indian Markets: Gift Nifty & Previous Session Highlights

Gift Nifty suggests a positive opening, tracking strong global cues.

Expected Nifty Spot Range: 22,350 - 22,800.

Previous Session Performance (March 17, 2025)

Sensex: +341 points (0.46%) → 74,169.95

Nifty 50: +111 points (0.50%) → 22,508.75
 

Sectoral Performance

  • Gainers: Auto, Banking, Metals, Power, Pharma (0.5-1.5%)

  • Losers: Realty, Media (-0.5%)

  • BSE Midcap: +0.77%

  • BSE Small-cap: Flat

Also Read: Moody’s Affirms IndusInd Bank Ratings, Places BCA on Review for Downgrade

Nifty Outlook: Short-Term View

Nifty snapped a two-session decline, forming a bullish piercing line candle, signaling buying demand near the 50% retracement level of the previous up move (21,965 - 22,676).
 

Key Observation: Nifty took 4 sessions to retrace 50% of the previous 4 sessions up move, indicating strength and a higher bottom formation.
 

Target Levels: 22,700 - 23,000 in the coming sessions.

Support Levels: 22,200 - 22,300.

RSI Indicator: 14-period RSI rebounding, validating a positive bias.
 

Intraday Levels for Nifty

Resistance: 22,680 & 22,770

Support: 22,430 & 22,350
 

Intraday Levels for Bank Nifty

Resistance: 48,600 & 48,950

Support: 48,210 & 48,000

Global & Asian Markets

U.S. Markets

S&P 500: +0.6% → 5,675

NASDAQ Composite: +0.3% → 17,808

Dow Jones: +0.9% → 41,841

Retail Sales Rebounded: Suggests economic growth in Q1, despite tariffs and federal job cuts affecting sentiment.

Fed Meeting: Investors await updates on the economy and interest rates. The Fed is expected to hold rates steady.

Asia-Pacific Markets (March 18, 2025)

Nikkei 225: +1.34%

Topix Index: +1.26%

Kospi (South Korea): +0.76%

Kosdaq (Small-cap, South Korea): +0.38%

Focus: BOJ Monetary Policy Meeting (March 19). The Bank of Japan is expected to maintain interest rates at 0.5%.

Stay Updated with Market Insights

For detailed analysis on the option chain, including trends, key levels, and options activity, check out our in-depth market reports. Stay informed and make data-driven investment decisions! Don’t forget to subscribe for daily insights!

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