Market Commentary
Global markets
US markets closed lower on Tuesday. Dow jones closed 0.3 pct in red and Nasdaq slipped 1.6 pct, dragged down by selling in major Tech and AI stocks.
Asian markets
Asian markets trading negative in early morning session. Hang Seng trading 0.6 pct in negative, while Nikkei was trading 0.6 pct red.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,240 | -0.3 | 2.4 |
| Nasdaq | 23,225 | -1.6 | -0.1 |
| Hang Seng | 26,686 | -0.6 | 4.1 |
| Nikkei | 54,391 | -0.6 | 7.9 |
Commodities
Gold prices rose and currently stood at USD 5,051, Amid Ongoing Geopolitical Tensions in Middle East. On the other hand, oil prices stood at USD 67.85/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,051 | 2.1 |
| Silver ($) | 86.87 | 2.1 |
| Brent Crude ($) | 67.85 | 0.1 |
Indian Indices
India’s equity benchmarks are positive to open higher after US trade deal, Gift Nifty indicates. Benchmark Indices, Sensex and Nifty, closed 2.5 pct in green on Tuesday, after a long-awaited India–U.S. trade deal removed a key market overhang.Results Today :- Bajaj Finserv, CCL, Cummins, Tata Power, Trent.
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,739 | 2.5 | -1.7 |
| Nifty | 25,727 | 2.5 | -1.5 |
| Nifty Bank | 60,041 | 2.4 | 0.8 |
| Nifty Midcap 100 | 59,307 | 2.8 | -1.9 |
| Nifty Smallcap 100 | 16,988 | 2.8 | -4.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,248 | 59,288 |
| 100 DMA | 25,348 | 59,365 |
| 200 DMA | 25,693 | 59,454 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 5,236 | -40,270 |
| DII | 1,014 | 74,851 |
Stocks to watch
| Positive Read through | Negative Read through |
| Angel One – Client base up 1.9 pct MoM and 20.8 pct YoY, average daily orders up 25.1 pct MoM. | Anup Engg – Profit down 21 pct, sales up 12.6 pct at Rs 19.25 bn vs Rs 17.10 bn YoY. |
| NLC India – Renewable arm gets SECI letter of award for 600 MW solar project. | ACE – Profit flat, sales down 2 pct YoY. |
| Varroc Engg – Bags 6‑year order from global EV OEM with annual peak business of Rs 4.39 bn. | IT stocks – Anthropic’s new AI tools send jitters across global SaaS players. |
| Sheela Foam – Profit at Rs 5.26 bn vs Rs 1.70 bn, sales up 11 pct YoY. | Castrol India – Profit down 10 pct, EBITDA down 2.1 pct at Rs 3.68 bn vs Rs 3.76 bn YoY. |
| IRFC – Signs MoU with VOC Port Authority and Sagarmala Finance Corp for outer harbour development. | Bajaj Finance – Q3 below estimates, profit down 5.6 pct at Rs 40.66 bn vs Rs 43.08 bn YoY. |
| Firstsource – EBIT up 17.3 pct, margin at 12.8 pct vs 11.6 pct QoQ. | JK Lakshmi Cement – Profit down 23 pct; volumes strong but realisations down 10 pct QoQ. |
| Triveni Turbine – Profit flat, EBITDA up 23.4 pct at Rs 1.34 bn vs Rs 1.09 bn YoY. | Kansai Nerolac – Profit down 82.2 pct, EBITDA down 2.3 pct at Rs 2.30 bn vs Rs 2.35 bn YoY. |
| NBCC – Gets multiple orders worth Rs 2.77 bn. | |
| Mankind Pharma – Profit up 7.5 pct, EBITDA up 12.7 pct at Rs 9.20 bn vs Rs 8.16 bn YoY. | |
| Aditya Birla Capital – Profit up 41 pct, total lending portfolio up 30 pct YoY at Rs 1.90 tn. | |
| Godrej Agrovet – Sales up 11 pct, EBITDA up 10 pct at Rs 2.42 bn vs Rs 2.20 bn YoY. | |
| V2 Retail – Profit up 99.3 pct, EBITDA up 55.8 pct at Rs 1.74 bn vs Rs 1.11 bn YoY. | |
| Pidilite – Q3 in line with estimates; overall volume growth at 9.3 pct vs estimate of 8–10 pct. | |
| Restaurant Brands Asia – EBITDA up 28.1 pct, margin at 12.5 pct vs 10.9 pct YoY. | |
| Aarti Drugs – Profit up 10 pct, EBITDA down 11.8 pct at Rs 547 mn vs Rs 617 mn YoY. | |
| Nazara Tech – EBITDA up 80.7 pct at Rs 674 mn vs Rs 373 mn, margin at 16.6 pct vs 7 pct YoY. |
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