Market Commentary
Global markets
US market extended gains on Wednesday as Trump signals Iran exit. Dow Jones closed green by 0.5 pct. While Nasdaq closed up by 1.2 pct.
Asian markets
Asian markets trading red in the early morning trade. Hang Seng trading down by 1.1 pct. While Nikkei trading muted by 1.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,565 | 0.5 | -3.1 |
| Nasdaq | 21,840 | 1.2 | -6.0 |
| Hang Seng | 25,024 | -1.1 | -2.4 |
| Nikkei | 52,731 | -1.9 | 4.6 |
Commodities
Gold prices fell and currently stood at USD 4,683 on Trump address. On the other hand, oil prices stood at USD 106.19/bbl
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,683 | -1.6 |
| Silver ($) | 72.16 | -3.8 |
| Brent Crude ($) | 106.19 | 5.9 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices surged on Wednesday, as remarks from the US states that indicated the Iran war could end soon pushed crude oil prices lower and sent shares climbing globally.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,134 | 1.6 | -14.2 |
| Nifty | 22,679 | 1.6 | -13.2 |
| Nifty Bank | 51,448 | 2.3 | -13.7 |
| Nifty Midcap 100 | 53,819 | 2.2 | -11.0 |
| Nifty Smallcap 100 | 15,709 | 3.3 | -11.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,717 | 58,031 |
| 100 DMA | 25,339 | 58,611 |
| 200 DMA | 25,217 | 57,336 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,331 | -180,599 |
| DII | 7,172 | 260,611 |
Stocks to watch
| Positive Read through | Negative Read through |
| Hero Moto – March auto sales in-line with estimates, retail registrations rose 24 pct | IOC – Q4 refinery throughput up 1 pct, consolidated sales volume declined 2 pct QoQ |
| Power Grid – Bags 400 kV Tumkur-II transmission line BOOT project | RBL Bank – Probe into some accounts at Telangana branch being used for unlawful activities. |
| Coal India – E-auctions for March at 45 pct above notified price | |
| NMDC – March production jumped 51 pct, sales rose 40 pct YoY | |
| V-Mart – Q4 sales increased 24.5 pct YoY, same-store sales growth at 12 pct | |
| DCM Shriram – Balance capacity of 17,000 TPA commissioned at ECH plant, Gujarat | |
| Tamilnad Mercantile Bank – Total business rose 17.37 pct, advances grew 20.32 pct YoY | |
| Bansal Wires – Q4 total sales volume up 20.16 pct at 1.17 lakh MT YoY | |
| Karnataka Bank – Q4 total deposits up 3.8 pct, gross advances rise 6.9 pct YoY | |
| Indian Bank – Total business up 13.1 pct, advances rise 13.6 pct YoY | |
| South Indian Bank – Advances up 15.66 pct, deposits rise 14.71 pct YoY | |
| Eicher – Continues to report monthly sales of more than 1 lakh units | |
| TVS Motor – Outperformance continues, e2W sales jumped 44 pct YoY | |
| Vodafone Idea – Adds users after 5 years, 21,927 users added in February | |
| Glenmark Pharma – To directly commercialise and distribute Ryaltris in the US | |
| Prestige Estates – Inks JDA for 3 msf development in Gurugram, GDV potential Rs. 42 bn | |
| Lupin – To buy out 43.38 pct from minority shareholders in Philippines arm for USD 39.6 mn |
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