Market Commentary
Global markets
US market closed higher on Tuesday over easing AI concern. Dow Jones closed up by 0.8 pct. While Nasdaq closed positive by 1 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading in green by 0.8 pct. While Nikkei trading green by 1.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,174 | 0.8 | 2.3 |
| Nasdaq | 22,863 | 1.0 | -1.6 |
| Hang Seng | 26,797 | 0.8 | 4.6 |
| Nikkei | 58,145 | 1.4 | 15.4 |
Commodities
Gold prices rose and currently stood at USD 5,183 on trade and geopolitical uncertainty. On the other hand, oil prices stood at USD 71.19/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,183 | 0.7 |
| Silver ($) | 89.45 | 2.7 |
| Brent Crude ($) | 71.19 | 0.3 |
Indian Indices
India’s equity benchmarks are likely to open higher as GIFT Nifty indicates. Benchmark Indices declined on Tuesday dragged by IT stocks which are on persistent fears of AI-driven disruption.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,225 | -1.3 | -3.5 |
| Nifty | 25,424 | -1.1 | -2.7 |
| Nifty Bank | 61,047 | -0.4 | 2.5 |
| Nifty Midcap 100 | 59,066 | -0.3 | -2.3 |
| Nifty Smallcap 100 | 16,958 | -0.5 | -4.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,726 | 59,802 |
| 100 DMA | 25,736 | 58,975 |
| 200 DMA | 25,338 | 57,334 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -102 | -41,717 |
| DII | 3161 | 88,054 |
Stocks to watch
| Positive Read through | Negative Read through |
| Power Grid – Cabinet approves increase in investment limit in arms from Rs. 50 bn to Rs. 75 bn | Waaree Energies/Vikram Solar – US sets initial duties on Indian solar imports at 126% |
| SAMHI – Operations agreement with Marriott for 2 hotels, regulatory nod for 235 additional rooms at Whitefield hotel. | IRFC – Government to launch OFS for up to 4 pct equity worth Rs. 54.36 bn, floor price at 4.5 pct discount to CMP. |
| Biocon – Gets US FDA approval for weight management drug Liraglutide in the United States. | Aditya Info – Promoters, Dixon likely to sell up to 5.8 pct equity worth ~Rs. 10 bn via block deals. |
| Hindalco – Arm AV Minerals buys Novelis’ shares worth nearly Rs. 17 bn at USD 150 per share | DRL – Novo Nordisk cuts weight loss drug prices, US SEC recommends no actions in Ukraine payment |
| GE Shipping – Takes delivery of medium range tanker and plans to sell very large gas carrier by Q4 | HCG – Board approves Rs. 4.25 bn rights issue at Rs. 512 per share vs Rs. 585 CMP |
| Hexaware – Expands strategic tie-up with AWS to focus on AI-enabled software development. | |
| SAMIL – Sets up arm Motherson Energy Systems Bhend to develop captive infra and renewables | |
| Lupin – Gets approval and launches seizure drug Brivaracetam oral solution in the United States | |
| Schaeffler – Healthy Q4CY25 earnings, all segments see double-digit growth. | |
| RVNL- Gets LoA from Central Railway for Rs. 2.70 bn project. |
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