Market Commentary
Global markets
US markets closed positive on Friday. Dow jones closed 2.5 pct in green and Nasdaq soared 2.2 pct, after bounce back in tech.
Asian markets
Asian markets trading higher in early morning session. Hang Seng trading 1.5 pct in positive, while Nikkei was trading 4.4 pct higher.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,115 | 2.5 | 4.3 |
| Nasdaq | 23031 | 2.2 | -0.9 |
| Hang Seng | 26,954 | 1.5 | 5.2 |
| Nikkei | 56,663 | 4.4 | 12.4 |
Commodities
Gold prices slid and currently stood at USD 5,016, amid growing US-Iran tension, increasing safe haven demand. On the other hand, oil prices stood at USD 67.42/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,016 | 1.0 |
| Silver ($) | 80.96 | 3.8 |
| Brent Crude ($) | 67.42 | -1.0 |
Indian Indices
India’s equity benchmarks are likely to open higher, Gift nifty indicates. Benchmark Indices, Sensex and Nifty, closed 0.3 pct and 0.2 pct in green on Friday, after central kept rates unchanged.
Results Today :- Auropharma, Navin Fluorine, Bata
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,580 | 0.3 | -1.9 |
| Nifty | 25,693 | 0.2 | -1.7 |
| Nifty Bank | 60,120 | 0.1 | 0.9 |
| Nifty Midcap 100 | 59,502 | 0.0 | -1.6 |
| Nifty Smallcap 100 | 16,938 | -0.3 | -4.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,437 | 59,636 |
| 100 DMA | 25,345 | 59,429 |
| 200 DMA | 25,644 | 59,548 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1,951 | -40,440 |
| DII | -1,265 | 74,965 |
Stocks to watch
| Positive Read through | Negative Read through |
| Godawari Power – EBITDA up 3.9 pct, margin at 20.2 pct vs 17 pct YoY. | Cohance – Receives warning letter from US FDA for FDF Unit‑I at Nacharam, Hyderabad. |
| Lemon Tree – Steady Q3 performance, profit impacted by exceptional loss. | Camlin Fine – Fire at one of two blend plants; operations stopped, covered by insurance. |
| HBL Engg – Margin at 34.6 pct vs 20.8 pct, sales up 94 pct YoY. | Oswal Pumps – EBITDA up 12.2 pct; margin down 487 bps YoY. |
| Pharma (sector) – US Section 232 investigation continues; companies will receive negotiated outcomes on pharma products. | Emcure – Fire incident at manufacturing plant in Hinjawadi, Pune; operations curtailed temporarily. |
| MGL – Total volumes up 9 pct, EBITDA up 4 pct QoQ. | MTAR Tech – Company issues strict warning to COO for insider‑trading norms violation. |
| JK Tyre – Q3 earnings show big improvement from a low base YoY. | Medi Assist – Margin at 18.4 pct vs 21 pct, EBITDA up 12 pct YoY. |
| Crompton – Q3 above estimates, sales rise 7.3 pct YoY. | Hi‑Tech – EBITDA per tonne down 5 pct YoY, profit declines 9 pct YoY. |
| Kalyan – EBITDA up 75 pct, margin at 7.3 pct vs 5.9 pct YoY. | Aurobindo – US FDA issues 11 observations for Unit III of arm Eugia Pharma. |
| STL – Board approves warrant issue of Rs 4.98 bn to Vedanta group for 4.9 pct equity. | Shree Cement – Mild miss to estimates, sales volume up 1 pct YoY. |
| IRB Infra – Gross toll collection for January up about 15 pct YoY. | Sula – EBITDA down 40 pct, margin at 16.3 pct vs 24.6 pct YoY. |
| Pearl Global – EBITDA up 5 pct, margin at 8.2 pct vs 8.9 pct YoY. | GMM Pfaudler – Loss vs profit; margin flat at 12 pct YoY. |
| Shilpa Medicare – Files ANDA with US FDA for thermadermal patch. | Go Digit – GST intelligence search at company premises. |
| Godawari Power – EBITDA up 3.9 pct, margin at 20.2 pct vs 17 pct YoY (reiterated). | Sonata Software – Margin at 5.6 pct vs 6.9 pct, profit down 13.3 pct QoQ. |
| Reliance – Reliance Consumer Products acquires majority stake in Australia’s Goodness Group. | Kalpataru – Q3 pre‑sales down 14 pct; average sale realisation down 13 pct YoY. |
| SBI – Strong Q3; credit-deposit ratio crosses 80 pct for first time since FY16. | Sanghvi Movers – EBITDA down 12.4 pct, profit down 12.4 pct YoY. |
| Tata Steel – Q3 in line with estimates; net debt declines. | KIMS – Profit down 39.8 pct, margin at 19.9 pct vs 24.2 pct YoY. |
| Kotak Bank – States it has not submitted a bid in IDBI Bank disinvestment process. | Sarda Energy – EBITDA down 15.7 pct, margin at 24.36 pct vs 27.95 pct YoY. |
| Biocon – Fitch upgrades Biocon Biologics outlook from stable to positive. | |
| PFC/REC – PFC board gives in-principle approval for merger of REC with PFC. | |
| BEML – Board approves estimated investment of Rs 15 bn for greenfield rail manufacturing facility in MP. | |
| Airlines – Sources say Aviation Ministry has indicated need for Indian CEOs at Indian carriers. |
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