Market Commentary
Global markets
US market closed negative on Thursday over mixed economic and US-Iran tension. Dow Jones closed down by 0.5 pct. While Nasdaq closed lower by 0.3 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng closed down by 0.5 pct. While Nikkei trading in red by 1.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,395 | -0.5 | 2.8 |
| Nasdaq | 22,682 | -0.3 | -2.4 |
| Hang Seng | 26,559 | -0.5 | 3.6 |
| Nikkei | 56,726 | -1.3 | 12.6 |
Commodities
Gold prices fell and currently stood at USD 4,993 on position adjustment. On the other hand, oil prices stood at USD 71.82/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,993 | -0.2 |
| Silver ($) | 78.39 | -0.2 |
| Brent Crude ($) | 71.82 | -0.2 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices declined on Thursday as escalating U.S.-Iran tensions pushed crude prices higher and dampened sentiment.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,498 | -1.5 | -3.2 |
| Nifty | 25,454 | -1.4 | -2.6 |
| Nifty Bank | 60,739 | -1.3 | 1.9 |
| Nifty Midcap 100 | 59,227 | -1.6 | -2.1 |
| Nifty Smallcap 100 | 17,020 | -1.3 | -3.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,714 | 60,832 |
| 100 DMA | 25,657 | 60,377 |
| 200 DMA | 25,535 | 59,890 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -880 | -44,162 |
| DII | -596 | 83,547 |
Stocks to watch
| Positive Read through | Negative Read through |
| Railtel – Gets LoA for Rs. 360 mn railway signalling project. | Swiggy – To shut down food delivery app Snacc after it failed to scale. |
| NTPC Green – 165 MW Khavda-II solar project commissioned. | |
| CIE Auto – Mixed Q4 results, double-digit growth in both India and Europe. | |
| ABB India – Q4 results in-line with estimates, revenue gains across all business segments. | |
| Zydus Life – US FDA inspection of injectable medical devices unit closes with no observations. | |
| Fortis Health – IHH revises claim to prevent Daiichi Sankyo from obstructing SHR acquisition in company & arm. | |
| Karur Vysya Bank – Cuts lending rates by 10 bps across tenors. | |
| Insolation Energy – Gets NSE in-principle nod for main board migration. | |
| Apollo Pipes – Promoter buys 5.25 lakh equity shares (1.19 pct equity) on February 13. | |
| Pace Digitek – Bags order worth Rs. 890 mn from RailTel. |
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