Market Commentary
Global markets – US indices closed lower on Monday pressured by a rise in Treasury yields. Dow Jones closed red by 0.9 pct. While Nasdaq closed lower by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,289 | -0.9 | 11.2 |
| Nasdaq | 23,275 | -0.4 | 20.5 |
| Hang Seng | 26,163 | 0.5 | 30.5 |
| Nikkei | 49,499 | 0.4 | 24.1 |
Commodities – Gold prices fell and currently stood at USD 4,223 on profit booking. On the other hand, Oil prices stood at USD 63.20/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,223 | -0.2 |
| Silver ($) | 57.24 | -1.2 |
| Brent Crude ($) | 63.20 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,570 | 57,386 |
| 100 DMA | 25,230 | 56,472 |
| 200 DMA | 24,591 | 54,783 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng trading higher by 0.5 pct. While Nikkei trading green by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to muted as GIFT Nifty indicates. Benchmark Indices closed slightly negative on Monday as investors worried that outflows might persist amid uncertainty over a trade deal with the United States.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 85,641 | -0.1 | 9.6 |
| Nifty | 26,175 | -0.1 | 10.7 |
| Nifty Bank | 59,681 | -0.1 | 17.3 |
| Nifty Midcap 100 | 61,043 | 0.0 | 6.7 |
| Nifty Smallcap 100 | 17,874 | 0.3 | -4.8 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1175 | -275,853 |
| DII | 2558 | 710,241 |
Stocks to watch
Positive Read through
- Tata Comm – Arm acquires 51 pct stake in a US software firm for Rs. 2.27 bn.
- Bharat Dynamics – Bags additional orders worth Rs. 24.62 bn from the Indian Army.
- Hero MotoCorp – Posted healthy November sales, total sales up 31.5 pct vs estimate of 29 pct.
- HUL – Board appoints Vandana Suri as ED of home care India w.e.f Jan 1, 2026.
- Vodafone Idea – Telecom minister says govt hopes to announce relief package contours by year-end.
- KEI Ind – Starts trial production of phase 1 at Sanand unit.
- Afcons Infra – Bags EPC orders worth Rs. 8.84 bn in November.
- NRB Bearing – JV agreement with Italian co Unitec to manufacture cylindrical roller bearings.
- IRB Infra – To transfer VM7 to IRB InvIT for Rs. 5 bn, act as project manager for 15 years for Rs. 2.5 bn.
- Ambuja – Commissions 4 MTPA expansion of clinker unit in Bhatapara, Chhattisgarh.
- NMDC – Total iron ore production up 11 pct, sales rise 4.3 pct YoY.
- Pharma – WHO recommends GLP-1 drug for obesity, US-UK deal on pharma tariffs.
- Raymond Realty – Launches BKC project with an estimated revenue potential of Rs. 20 bn.
- Force Motors – November total sales jumped 53 pct at 2,883 units vs 1,885 units YoY.
Negative Read through
- Bajaj Housing – Bajaj Fin likely to sell 2 pct equity via block deals, floor price at 9.6 pct discount to CMP.
- Bank of Maha – Government to sell up to 6 pct equity via OFS, floor price at 6 pct discount to CMP.
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