Market Commentary
Global markets
US markets closed higher on Monday. Dow jones closed 1.1 pct in green and Nasdaq closed 0.6 pct in positive, driven by gains in Apple and Caterpillar, strong manufacturing numbers.
Asian markets
Asian markets trading mixed in early morning session. Hang Seng trading 0.6 pct in negative, while Nikkei was trading 2.9 pct higher.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,407 | 1.1 | 2.8 |
| Nasdaq | 23,592 | 0.6 | 1.5 |
| Hang Seng | 26,606 | -0.6 | 3.8 |
| Nikkei | 54,200 | 2.9 | 7.5 |
Commodities
Gold prices rose and currently stood at USD 4,786, as bargain hunting emerged after days of dramatic selloffs. On the other hand, oil prices stood at USD 65.83/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,786 | 2.7 |
| Silver ($) | 82.35 | 4.0 |
| Brent Crude ($) | 65.83 | -0.7 |
Indian Indices
India’s equity benchmarks are poised to open higher after US trade deal, Gift Nifty indicates. Benchmark Indices, Sensex and Nifty, closed 1.2 pct and 1.1 pct in green on Monday, led by gains in heavyweight Reliance Industries, as market partially recovered from Budget day damage.
Results Today :- Bajaj Finance, VBL, Solar Ind., NMDC
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,666 | 1.2 | -4.2 |
| Nifty | 25,088 | 1.1 | -4.0 |
| Nifty Bank | 58,619 | 0.3 | -1.6 |
| Nifty Midcap 100 | 57,667 | 1.0 | -4.7 |
| Nifty Smallcap 100 | 16,523 | 0.6 | -6.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,171 | 59,134 |
| 100 DMA | 25,346 | 59,327 |
| 200 DMA | 25,706 | 59,426 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,832 | -45,506 |
| DII | 2,446 | 73,837 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bajaj Housing Finance – Profit at Rs 6.65 bn vs Rs 5.48 bn, NII at Rs 9.64 bn vs Rs 8.06 bn YoY. | Tata Chemicals – Loss at Rs 930 mn vs Rs 530 mn, sales at Rs 35.50 bn vs Rs 35.90 bn YoY. |
| Aditya Birla Lifestyle – Profit at Rs 6.90 bn vs Rs 6.03 bn, sales at Rs 23.43 bn vs Rs 21.38 bn YoY. | Fabtech – Loss at Rs 67 mn vs profit Rs 205 mn, sales at Rs 628 mn vs Rs 1.04 bn YoY. |
| Awfis Space Solutions – Profit at Rs 217 mn vs Rs 152 mn, sales at Rs 3.82 bn vs Rs 3.18 bn YoY. | Indus Tower – Profit at Rs 17.80 bn vs Rs 40.00 bn, sales at Rs 81.50 bn vs Rs 75.47 bn YoY. |
| PB Fintech – Profit at Rs 1.89 bn vs Rs 715 mn, sales at Rs 17.71 bn vs Rs 12.92 bn YoY. | Akzo India – Profit at Rs 740 mn vs Rs 1.08 bn, sales at Rs 9.10 bn vs Rs 10.50 bn YoY. |
| Aarti Ind – Profit at Rs 1.33 bn vs Rs 460 mn, sales at Rs 23.19 bn vs Rs 18.43 bn YoY. | Utkarsh SFB – Loss at Rs 3.75 bn vs Rs 1.68 bn, NII at Rs 3.48 bn vs Rs 4.80 bn YoY. |
| Transrail – Profit at Rs 1.10 bn vs Rs 976 mn, sales at Rs 17.77 bn vs Rs 13.40 bn YoY. | |
| Thermax – Profit at Rs 2.04 bn vs Rs 1.16 bn, sales at Rs 26.35 bn vs Rs 25.20 bn YoY. | |
| Infosys – Renewed and expanded multi‑year digital innovation partnership with Madison Square Garden companies. | |
| ACME Solar – Commissions 16 MW of 100 MW wind project. | |
| Tata Power – Commissions 198 MW wind project in Karur, Tamil Nadu. | |
| Solar Ind – ICRA reaffirms credit rating on company’s CP programme. | |
| Power Grid – Arm commissions 4.5 GW transmission scheme. | |
| NTPC Green – Inks MoU with Assago Industries to supply green ammonia, CO2, RE power and utilities. | |
| BLS International – Acquires 95 pct in MVA International, which handles visa and passports for 1,000 BHD. | |
| Interarch Building – Approves start of Phase 2 at Andhra plant adding 24,000 MT capacity. |
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Advisor before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
