Market Commentary
Global markets
US market ended mixed on Tuesday after late day rebound as Trump’s Iran deadline looms. Dow Jones closed red by 0.2 pct. While Nasdaq closed up by 0.1 pct.
Asian markets
Asian markets trading green in the early morning trade. Hang Seng trading up by 2.7 pct. While Nikkei trading positive by 5.0 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,584 | -0.2 | -3.1 |
| Nasdaq | 22,017 | 0.1 | -5.3 |
| Hang Seng | 25,787 | 2.7 | 0.6 |
| Nikkei | 56,078 | 5.0 | 11.3 |
Commodities
Gold prices rose steady and currently stood at USD 4,801 as US agreed 2 weeks ceasefire with Iran. On the other hand, oil prices declined and stood at USD 94.97/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,801 | 2.2 |
| Silver ($) | 76.31 | 4.5 |
| Brent Crude ($) | 94.97 | -8.2 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices extended gains on Tuesday, as gains in IT stocks ahead of quarterly earnings offset concerns over an escalation in the Middle East war.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,616 | 0.7 | -12.4 |
| Nifty | 23,123 | 0.7 | -11.5 |
| Nifty Bank | 52,716 | 0.2 | -11.5 |
| Nifty Midcap 100 | 54,600 | 0.2 | -9.7 |
| Nifty Smallcap 100 | 15,843 | -0.1 | -10.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,574 | 57,605 |
| 100 DMA | 25,261 | 58,445 |
| 200 DMA | 25,189 | 57,282 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,692 | -207,389 |
| DII | 7,979 | 283,888 |
Stocks to watch
| Positive Read through | Negative Read through |
| Aurobindo – Gets final US FDA nod for dapagliflozin & metformin drug worth USD 514 mn | ONGC/OIL – Impacted by sharp fall in crude prices, Brent down 13 pct on ceasefire in West Asia |
| Titan – Q4 jewellery business sales jumped 46 pct YoY, high single-digit buyer growth | |
| Cleanmax – Commissions 185 MW hybrid project, to generate Rs. 1.65 bn sales from FY27 | |
| Infosys – Partners with Harness to unlock AI value for enterprise transformation | |
| Fertilizers & Chemicals – Free flow through Hormuz strait key to ceasefire outcome | |
| Indian Hotels – Scales to 628 hotels, has a pipeline of 255 hotels | |
| Jubilant Food – Availability of energy supply has improved, operations back to normal levels | |
| Arvind Smart – Signs high-rise project in Mumbai with top-line potential of Rs. 24 bn | |
| Lupin – Gets US FDA nod for dapagliflozin tablets in the United States | |
| Gulf EPC/Cap Goods – 2-week ceasefire in West Asia war, further talks on Friday | |
| GAIL – Inks long-term charter party agreement for a Greek LNG carrier | |
| Dredging Corp – Signs MoU with Colombo Dockyard for next-gen ship repair and shipbuilding | |
| Lemon Tree – Gets CCI nod for acquisition of Fleur Hotels and internal restructuring | |
| PB Fintech – IRDAI approves appointment of Sajja Chowdary as CEO of Policybazaar arm | |
| OMCs/CGDs – Sharp fall in crude prices, Brent down 13 pct on 2-week ceasefire in West Asia | |
| Ashiana Housing – Q4 value of area sold rose 124 pct YoY at Rs. 12.89 bn | |
| Phoenix Mills – Q4 consumption jumped 31 pct YoY, FY26 portfolio consumption up 21 pct YoY |
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