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Indian markets after the US administration led by Donald Trump hit a 90-day pause on reciprocal tariffs on non-retaliating countries ended substantially higher in Friday’s session. In fact, most of the weekly losses made as we started the prior week on a dull note after Trump’s reciprocal tariff announcement, were pared to some extent.
Nifty for the week to April 11, 2025 ended 0.33 per cent lower at 22,828.55, while the 30-share Sensex ended lower by 0.28 per cent or 207 point at 75,157 points.
Meanwhile, Bank Nifty for the week saw a drag and ended as much as 1 per cent lower at 51,002. However, broader markets ended mixed, with the Small cap index ending in the green, while midcaps ended in the red.
The markets are today shut for Dr. B R Ambedkar Jayanti.
Sandeep Jain’s intraday F&O calls for April 15, 2025 in the F&O segment
As the focus remains largely on largecap stocks amid improved valuations, Sandeep Jain – Cofounder, Tradeswift recommended buying Grasim Industries for a target of Rs 2,750 and Rs 2,790.
The stop loss recommended for the trade is Rs 2,590.
Cement maker company’s stock in the previous session closed higher by nearly 4 per cent at Rs 2,652.4 apiece on the BSE.
Another largecap stock chosen by the analyst is Apollo Tyres. The stock in the previous session closed higher by 5 per cent at Rs 427.65. The target set out for the stock is Rs 441-445 per share and the stop loss suggested is Rs 421.
CLSA on tyre companies
CLSA- Hong Kong-based global brokerage recently in its note on tyre companies said the Indian tyre market currently valued at $12 billion is undergoing a structural improvement in terms of profitability &, in turn, capital efficiency. The global brokerage said the sector is currently at the bottom of the margin cycle & based on softening input commodity prices, gross margins are set to improve.
Valuation multiple in this space are more dependent on profitability and capex than revenue growth, it added. Industry is focusing more on capacity addition in the higher margin segment (PV), it noted.
Consequently, it initiated ‘accumulate’ calls on MRF and Ceat stocks.
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