Market Commentary
Global market
US market extended gains on Wednesday as tech concern abate. Dow Jones closed up by 0.8 pct. While Nasdaq closed higher by 0.8 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng closed up by 0.5 pct. While Nikkei trading in green by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,662 | 0.8 | 3.3 |
| Nasdaq | 22,753 | 0.8 | -2.1 |
| Hang Seng | 26,705 | 0.5 | 4.2 |
| Nikkei | 57,598 | 0.8 | 14.3 |
Commodities
Gold prices fell and currently stood at USD 4,966 on Fed rate cut path. On the other hand, oil prices stood at USD 70.63/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,966 | -0.2 |
| Silver ($) | 77.09 | -0.2 |
| Brent Crude ($) | 70.63 | 0.4 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices extended gains on Wednesday with financials and metal stocks leading the gains while IT shares lagged on persistent uncertainty around AI.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,734 | 0.3 | -1.7 |
| Nifty | 25,819 | 0.4 | -1.2 |
| Nifty Bank | 61,550 | 0.6 | 3.3 |
| Nifty Midcap 100 | 60,183 | 0.5 | -0.5 |
| Nifty Smallcap 100 | 17,239 | 0.5 | -2.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,755 | 60,773 |
| 100 DMA | 25,629 | 60,258 |
| 200 DMA | 25,543 | 59,837 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1154 | -43,282 |
| DII | 440 | 84,143 |
Stocks to watch
| Positive Read through | Negative Read through |
| Zydus Life – Received USSFDA nod for Bosentan tablets for oral suspension, 32 mg | Jindal Saw – Barred from using API monogram on seamless pipes. |
| Dabur India – Appoints Herjit Bhalla as India CEO, elevates Mohit Malhotra to global CEO role. | Tips Films – GST department initiates search & seizure operations at Mumbai offices. |
| DCX Systems – Received orders worth of Rs. 440 mn. | Alembic Ph – US FDA issues 2 observations for Karakhadi injectable unit. |
| Pace Digitek – Received USD 134,6210 order from Yaqin Chem for 4 mobile BESS | Yatra Online – Promoter sells 1.8 pct equity in open market on February 17. |
| Bl Kashyap – Secured Rs. 3 bn Greater Noida group housing civil contract from CRC Green. | N – NHAI bars from participating in any tenders/bids for 2 years. |
| Dr Reddy’s – Acquired Progynova and Cyclo-Progynova India trademark for USD 32.15 mn | |
| TCS – Announces strategic partnership with Open AI in India and globally. |
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