Market Commentary
Global markets
US market closed down on Tuesday as energy price jump ignites inflation fears. Dow Jones closed red by 0.1 pct. While Nasdaq closed negative by 1 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading in red by 2.8 pct. While Nikkei trading down by 3.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,501 | -0.8 | 0.9 |
| Nasdaq | 22,516 | -1.0 | -3.1 |
| Hang Seng | 25,058 | -2.8 | -2.2 |
| Nikkei | 54,090 | -3.9 | 7.3 |
Commodities
Gold prices rose and currently stood at USD 5,144 over ongoing Middle East conflicts. On the other hand, oil prices stood at USD 81.93/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,144 | 1.2 |
| Silver ($) | 83.59 | 2.1 |
| Brent Crude ($) | 81.93 | 0.1 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices extended losses on Monday triggered by escalating Middle East conflict and rising crude prices.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,238 | -1.3 | -5.8 |
| Nifty | 24,865 | -1.2 | -4.8 |
| Nifty Bank | 59,839 | -1.1 | 0.4 |
| Nifty Midcap 100 | 58,180 | -1.6 | -3.8 |
| Nifty Smallcap 100 | 16,632 | -1.7 | -6.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,675 | 59,926 |
| 100 DMA | 25,746 | 59,168 |
| 200 DMA | 25,347 | 57,445 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3295 | -53,032 |
| DII | 8593 | 119,091 |
Stocks to watch
| Positive Read through | Negative Read through |
| Tata Motors CV – There is no demand or execution risk of the order received from Indonesia | Ola Electric – Launches Holi Mahotsav; Roadster range now starts at Rs. 79,999 |
| M&M – Received advance payment for Indonesia order, no communication on order suspension | Affle – Co-founder and director Anuj Kumar steps down from all executive and non-executive roles |
| Tejas Networks – Launches hyper-scalable data center interconnect platform at MWC | JSW Infra – One of 15 storage tanks at UAE liquid terminal sustains damage |
| Newgen – Bags master service agreement worth USD 1.5 mn from a Caribbean customer | Aluminium Cos – QatarEnergy JV Qatalum halts production, GCC output at risk |
| Power Grid – Sebi acceded to company’s request and granted relaxation under certain provisions | Greenlam – Income tax department conducts search operations at two manufacturing units of company |
| Adani Ports – February cargo handled volume up 16 pct YoY at 42.5 MT, logistics rail volume up 3 pct | CGDS – Gujarat Gas cuts 50 pct gas supply to industrial sector, QatarEnergy halts LNG supply |
| Dabur – To acquire minority stake in luxury skincare D2C company Ras Beauty for Rs. 600 mn | Shalby – To discontinue SOCE operations at Rajkot and Lucknow w.e.f January 31 and February 15, 2026 |
| Coal India – In February e-auction of coal, quantity allocated up 50 pct, 35 pct rise over notified price | HDB Fin – Karthik Srinivasan resigns as chief business officer w.e.f March 31 |
| Dynamatic Tech – Signs MoA with Hutchinson to support rise of India’s aerospace industry | Chemicals/PVc – QatarEnergy JV Qatalum halts production, GCC output at risk |
| HAL – Defence ministry signed contracts worth Rs. 29.01 bn with company for acquisition of 6 advanced light helicopters | |
| Info Edge – White-collar market hiring up 12 pct YoY in February, hiring for AI/ML roles up 41 pct | |
| Cipla – Enters 60:40 JV with Kemwell Biopharma to establish biologics-focused entity in India | |
| Godrej Prop – Wins bid for 5-acre land in Kolkata, estimated revenue potential of Rs. 16.50 bn | |
| JSW Cement – Declared preferred bidder for Sikilangso limestone block (Part A & Part B), Assam | |
| Infosys – Expands collaboration with Intel for Infosys Topaz fabric for enterprises | |
| Juniper Hotels – Gets 2.5-acre land from Dda in Dwarka, New Delhi for 5-star hotel |
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