Market Commentary
Global markets
US market extended losses on Thursday as crude gains with central bank on pause. Dow Jones closed red by 0.4 pct. While Nasdaq closed down by 0.3 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.7 pct. While Nikkei closed down by 3.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,021 | -0.4 | -4.2 |
| Nasdaq | 22,090 | -0.3 | -5.0 |
| Hang Seng | 25,330 | -0.7 | -1.2 |
| Nikkei | 53,372 | -3.4 | 5.9 |
Commodities
Gold prices recovered and currently stood at USD 4,714 after sharp selloff in last session. On the other hand, oil prices stood at USD 106.64/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,714 | 1.3 |
| Silver ($) | 74.1 | 1.7 |
| Brent Crude ($) | 106.64 | -0.9 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices tumbled on Thursday, largely dragged down by heavyweight HDFC Bank after the abrupt exit of its chairman and a by a surge in crude prices following attacks on Middle East energy facilities.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,207 | -3.3 | -12.9 |
| Nifty | 23,002 | -3.3 | -12.0 |
| Nifty Bank | 53,451 | -3.4 | -10.3 |
| Nifty Midcap 100 | 54,492 | -3.2 | -9.9 |
| Nifty Smallcap 100 | 15,704 | -2.9 | -11.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,137 | 59,084 |
| 100 DMA | 25,552 | 59,026 |
| 200 DMA | 25,291 | 57,479 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2,714 | -123,431 |
| DII | 3,253 | 202,077 |
Stocks to watch
| Positive Read through | Negative Read through |
| Wabag – Bags order worth of Rs. 2.5-6 bn from United Water Supply Company in Georgia | Gold Financiers – Spot Gold slides 3 pct overnight, front month futures declined ~5 pct |
| IT Stocks – Accenture FY26 CC growth guidance narrowed to 4-6 pct from 3-6 pct earlier | Nalco, Hind Zinc, Vedanta – Aluminium, Silver prices tumbled ~8 pct |
| Nestle – Adds new Munch production line at Sanand with outlay of Rs. 2.25 bn, planned capex | |
| TCS – Partners ABB to combine its AI, data and engineering capabilities | |
| Tata Elxsi – To set up global offshore development centre for Terumo Corporation | |
| JSW Cement – Commissions 2.5 MTPA cement capacity unit in Rajasthan, first in North India | |
| Firstsource – Launches agent-first operating model for enterprises | |
| Electrosteel Castings – Promoter entity buys 3.32 pct stake for Rs. 1.44 bn via open market | |
| Samvardhana – Inks 51:49, USD 10 mn JV with German logistics player in Dubai |
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