Market Commentary
Global markets
US market ended higher on Monday on Iran diplomacy hopes. Dow Jones closed green by 0.4 pct. While Nasdaq closed up by 0.5 pct.
Asian markets
Asian markets red in the early morning trade. Hang Seng closed down by 0.7 pct. While Nikkei trading negative by 0.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,669 | 0.4 | -2.9 |
| Nasdaq | 21,996 | 0.5 | -5.4 |
| Hang Seng | 25,116 | -0.7 | -2.0 |
| Nikkei | 53,323 | -0.7 | 5.8 |
Commodities
Gold prices remain steady and currently stood at USD 4,643, eyeing US-Iran developments. On the other hand, oil prices stood at USD 111.27/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,643 | -0.2 |
| Silver ($) | 72.39 | -0.6 |
| Brent Crude ($) | 111.27 | 1.5 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed positive on Monday, on hopes of easing Middle East tensions, with banking stocks leading gains after better than expected business updates.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,106 | 1.1 | -13.0 |
| Nifty | 22,968 | 1.1 | -12.1 |
| Nifty Bank | 52,609 | 2.1 | -11.7 |
| Nifty Midcap 100 | 54,492 | 1.5 | -9.9 |
| Nifty Smallcap 100 | 15,853 | 1.3 | -10.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,614 | 57,726 |
| 100 DMA | 25,286 | 58,497 |
| 200 DMA | 25,198 | 57,298 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,167 | -198,967 |
| DII | 8,088 | 275,908 |
Stocks to watch
| Positive Read through | Negative Read through |
| Titagarh – Naval arm gets nod for brownfield capacity with Rs. 1.29 bn capital assistance | Gujarat Pipavav – Q4 container cargo volume declined 4.07 pct, dry bulk fell 2.1 pct YoY |
| Bharat Forge – March Class 8 truck orders up 137 pct YoY at 38,200 units | Jubilant Food – Consolidated sales rose 19.1 pct, like-for-like growth for Domino’s India at 0.2 pct |
| KEC, HBL Power, Kernex – Indian Railways approves Rs. 13.64 bn for KAVACH deployment | |
| Aurobindo – CuraTeQ Bio reports positive phase 3 results for omalizumab biosimilar BP11 | |
| Godrej Cons – India business to deliver double-digit underlying sales growth in Q4 | |
| Brigade Hotel – Signs management agreement with Hyatt for Grand Hyatt Chennai and Hyatt House Devanahalli | |
| Swan Defence – Bags contract worth Rs. 15 – 30 bn for four bulk carriers | |
| Lodha Developers – Q4 pre-sales rose 23 pct, collections grew 18 pct YoY | |
| Shyam Metalics – March stainless steel sales up 58.9 pct, average realisation rose 19 pct YoY | |
| Credit Access – Gross loan portfolio up 14 pct YoY, disbursements rise 28 pct YoY | |
| PC Jeweller – Q4 sales increased 32 pct YoY and reduced outstanding debt by 23 pct | |
| Gallantt Ispat – Power production up 14 pct YoY, steel sales grew 9 pct YoY | |
| Star Health – Gets IRDAI nod for transmission of 82.8 mn shares held by late Rakesh Jhunjhunwala | |
| IRFC – Sanctions and disburses Rs. 10 bn loan to MAHAGENCO | |
| Kalyan – Q4 overall sales growth came at 64 pct, SSSG of over 45 pct | |
| Nykaa – In discussion for several acquisition opportunities |
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