Market Commentary
Global markets
US market closed mixed on Thursday as tech rally stalls. Dow Jones closed flat. While Nasdaq closed negative by 1.2 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading in green by 0.7 pct. While Nikkei trading red by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,499 | 0.0 | 3.0 |
| Nasdaq | 22,878 | -1.2 | -1.6 |
| Hang Seng | 26,560 | 0.7 | 3.6 |
| Nikkei | 58,528 | -0.4 | 16.1 |
Commodities
Gold prices remain steady and currently stood at USD 5,182 on lack of supportive cues. On the other hand, oil prices stood at USD 70.65/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,182 | 0.0 |
| Silver ($) | 89.85 | 1.9 |
| Brent Crude ($) | 70.65 | -0.2 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed flat on Thursday, gave up intraday gains amid subdued risk appetite.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,248 | -0.0 | -3.5 |
| Nifty | 25,496 | 0.1 | -2.4 |
| Nifty Bank | 61,187 | 0.2 | 2.7 |
| Nifty Midcap 100 | 59,798 | 0.7 | -1.1 |
| Nifty Smallcap 100 | 17,117 | 0.0 | -3.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,707 | 59,874 |
| 100 DMA | 25,748 | 59,087 |
| 200 DMA | 25,346 | 57,393 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3465 | -42,191 |
| DII | 5031 | 98,204 |
Stocks to watch
| Positive Read through | Negative Read through |
| GMDC, NTPC – Ink MoU to explore gasification of coal and lignite resources. | Spice Jet – Authum invoked pledge on 6.8 pct equity share of this 2.8 pct is retained in demat |
| Brigade Ent – Pact with Primus Senior Living to launch 3 living communities, GDV Rs. 7.50 bn. | Airline – DGCA eases ticket refund norms 48 hour free cancellation window introduced |
| Zaggle Prepaid – In 1-year agreement with CSK; 5-year expense management deal with Saurashtra Cement | Vishal Mega Mart – Promoter likely to sell equity of Rs. 75 bn via block deal, floor price at 10 pct discount to CMP |
| Coforge – Secures deal with VHC Health, USA to transform provider experience. | UtkarshSFB/Fusion Micro – Bihar government has introduced a bill regulating MFIs & small lenders |
| JSL – Promoter entity bought 0.11 pct equity via open market following earlier purchases. | |
| Capacite Infra – Bags Rs. 5.37 bn project in Thane from Raymond Realty. | |
| Park Hotels – Inks hotel management & license agreement deal for 100-room hotel in Siliguri. | |
| RailTel – Bags Rs. 170 mn work order from IIT, Delhi. | |
| Netweb – Vertiv & Co to deliver advanced liquid-cooled rack solutions for AI data centers. | |
| NBCC – Bags orders worth Rs. 7.75 bn from Delhi Development Authority. |
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