Market Commentary
Global markets
US markets closed lower on Friday. Dow jones closed 0.4 pct in red and Nasdaq closed 0.9 pct in negative, as investors fret over Trump’s Fed nominee, earnings, inflation.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,829 | -0.4 | 1.7 |
| Nasdaq | 23,461 | -0.9 | 0.9 |
| Hang Seng | 26,843 | -2.0 | 4.7 |
| Nikkei | 53,421 | 0.2 | 6.0 |
Commodities
Gold prices fell and currently stood at USD 4,676, as investors book profit on stronger Dollar. On the other hand, oil prices stood at USD 66.60/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,676 | -4.4 |
| Silver ($) | 79.53 | -6.8 |
| Brent Crude ($) | 66.60 | -4.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,220 | 59,245 |
| 100 DMA | 25,396 | 59,389 |
| 200 DMA | 25,746 | 59,456 |
Asian markets
Asian markets trading mixed in early morning session. Hang Seng trading 2.0 pct in negative, while Nikkei was trading 0.2 pct higher.
Indian Indices
India’s equity benchmarks are likely to open flat, Gift Nifty indicates. Benchmark Indices, Sensex and Nifty, closed 1.9 pct and 2.0 pct in red on Sunday, Budget day, as derivatives tax hike, lack of foreign flow measures weighed down indices.
Results Today :- Hyundai motors, Bajaj Housing, Sundaram fin., Indus Tower, Thermax, Interarch, Transraill
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,722 | -1.9 | -5.3 |
| Nifty | 24,825 | -2.0 | -5.0 |
| Nifty Bank | 58,417 | -2.0 | -2.0 |
| Nifty Midcap 100 | 57,120 | -2.2 | -5.6 |
| Nifty Smallcap 100 | 16,418 | -2.7 | -7.3 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -588 | -43,674 |
| DII | -682 | 71,390 |
Stocks to watch
| Positive Read through | Negative Read through |
| IDBI Bank – Disinvestment enters Stage 3; bid clarity likely before FY26-end. | Quess Corp – Gets final assessment order from I‑T department raising demand of Rs 1.60 bn. |
| TVS Motor – JV signs contract with Samsung Heavy Industries for two ethane carriers. | BSE, Groww – Budget 2026 hikes STT on futures and options. |
| Ola Electric – Profit up 37 pct, sales at Rs 34.41 bn vs Rs 16.17 bn YoY. | |
| Ashok Leyland – Profit rises 19 pct, EBITDA up 20 pct at Rs 6.05 bn vs Rs 5.05 bn YoY. | |
| Hero MotoCorp – Board approves sale of 1.59 pct stake in Hindustan Zinc via OFS. | |
| Eicher Motors – Total sales up 14 pct; up to 350cc bike sales up 18 pct YoY. | |
| SML Mahindra – January sales up 30 pct at 1,337 units vs 1,025 units MoM. | |
| Escorts Kubota – Total January tractor sales up 46.9 pct at 9,799 units vs 6,669 units YoY. | |
| Hyundai – Highest‑ever monthly sales; total sales up 11.5 pct to 73,137 units in January. | |
| Steel Strips – January total sales up 17 pct YoY, sales volume rises 6 pct YoY. | |
| Tata Motors PV – India business sees healthy growth, January sales up 47 pct YoY. | |
| M&M – Healthy start to 2026; auto sales up 24 pct and tractor sales up 47 pct YoY. | |
| VST Tillers – January power tiller and tractor sales up 54 pct at 5,257 units vs 3,416 units YoY. | |
| Coal India – January coal production up 2.6 pct, offtake down 4.7 pct YoY. | |
| Tata Motors CV – Total sales rise 30 pct, HCV truck sales up 41 pct YoY. |
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