Market Commentary
Global markets – US indices extended gains on Tuesday amid increasing bets on rate cuts. Dow Jones closed green by 1.4 pct. While Nasdaq closed higher by 0.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,112 | 1.4 | 10.7 |
| Nasdaq | 23,025 | 0.7 | 19.2 |
| Hang Seng | 25,971 | 0.3 | 29.5 |
| Nikkei | 49,605 | 1.9 | 24.3 |
Commodities – Gold prices rose and currently stood at USD 4,167 amid Fed rate cut hopes. On the other hand, oil prices stood at USD 62.03/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,161 | 0.7 |
| Silver ($) | 51.85 | 0.8 |
| Brent Crude ($) | 62.03 | 0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,489 | 57,018 |
| 100 DMA | 25,199 | 56,363 |
| 200 DMA | 24,539 | 54,590 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.3 pct. While Nikkei trading positive by 1.9 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices extended losses on Tuesday as profit-taking persists near record highs.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,587 | -0.4 | 8.3 |
| Nifty | 25,884 | -0.3 | 9.5 |
| Nifty Bank | 58,820 | -0.0 | 15.7 |
| Nifty Midcap 100 | 60,298 | 0.4 | 5.4 |
| Nifty Smallcap 100 | 17,730 | 0.2 | -5.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 785 | -274,409 |
| DII | 3912 | 693,345 |
Stocks to watch
Positive Read through
- Jayant Infra – Bags EPC order worth Rs. 1.62 bn from Konkan Railway Corporation.
- Zydus Life – Gets final approval from US FDA for verapamil hydrochloride tablets.
- UBL – Launches Heineken Silver in Delhi, priced in the range of Rs. 155-305.
- NCC – Bags Rs. 20.63 bn order from Assam government.
- Waaree Energies – I-T department investigation is completed.
- IOB – Income tax department issues tax refund order of Rs. 8.35 bn for AY22-23.
- Ask Auto – Promoter sells 7.9 mn shares (4 pct equity) to meet minimum public shareholding.
- HEG – Promoter buys 0.67 mn shares (0.35 pct equity) on November 25.
- ELGI Equipment – SBI MF buys 3.5 mn shares at Rs. 483/share via block deals on BSE.
- Nelco – Gets licence to sell VSAT services of other licensees.
Negative Read through
- Bandhan Bank – P Ramaswamy, chief of internal vigilance, has resigned w.e.f Feb 21, 2026.
- Airtel – Promoter may sell 0.56 pct equity, floor price at 3 pct discount to CMP.
- Welspun Corp – Files claim up to USD 43.5 mn against Wasco coatings in arbitral tribunal.
- TV Today – In MoU with Abhijit Realtors to sell FM radio broadcasting operations for Rs. 100 mn.
- HT Media – To shut Fever FM radio in Chennai, 0.37 pct of sales.
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