Market Commentary
Global markets
US market ended green on Thursday on US-Iran peace negotiations. Dow Jones closed positive by 0.6 pct. While Nasdaq closed up by 0.8 pct.
Asian markets
Asian markets trading green in the early morning trade. Hang Seng trading up by 0.5 pct. While Nikkei trading positive by 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,185 | 0.6 | 0.3 |
| Nasdaq | 22,822 | 0.8 | -1.8 |
| Hang Seng | 25,881 | 0.5 | 1.0 |
| Nikkei | 56,728 | 1.5 | 12.6 |
Commodities
Gold prices fell and currently stood at USD 4,754 over inflation concern. On the other hand, oil prices declined and stood at USD 96.29/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,754 | -0.3 |
| Silver ($) | 75.69 | -0.1 |
| Brent Crude ($) | 96.29 | -0.1 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices retreat on Thursday, as renewed Middle East tensions cooled hopes of the Iran-U.S. ceasefire leading to lasting peace.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,631 | -1.2 | -10.1 |
| Nifty | 23,775 | -0.9 | -9.0 |
| Nifty Bank | 54,821 | -1.6 | -8.0 |
| Nifty Midcap 100 | 56,978 | 0.3 | -5.8 |
| Nifty Smallcap 100 | 16,566 | 0.2 | -6.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,522 | 57,462 |
| 100 DMA | 25,223 | 58,387 |
| 200 DMA | 25,179 | 57,277 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,711 | -211,912 |
| DII | 955 | 289,012 |
Stocks to watch
| Positive Read through | Negative Read through |
| TCS – Q4 in line with estimates, strong deal wins, rupee sales growth highest in 30 quarters | Poonawalla Fincorp – launched QIP, likely to raise up to Rs. 25 bn |
| Prestige Estates – Enters into a JV to develop project in Versova with Rs. 90 bn gross development value | JSW Steel – Q4 India operations crude steel production fell 1 pct, combined production slipped 2 pct YoY. |
| Eicher Motors – Royal Enfield launches first Flying Flea EV bike starting at Rs. 1.99 lakh ex-showroom | |
| BSE – Gets SEBI nod to launch derivative contracts on BSE-focused IT index | |
| Godrej Properties – Achieves 105 pct of FY26 booking value guidance, collections up 86 pct QoQ | |
| HDFC Life – Board meet on April 16 to consider fund raise via preferential issue | |
| IRB Infra – March group toll collection grew 20.6 pct YoY | |
| Godfrey Phillips – Samir Modi & 24/7 Retail withdraw suit unconditionally | |
| Wipro – To mull buyback in April 15-16 board meet | |
| JSW Energy – To acquire remaining 26 pct stake in JSW Mahanadi Power |
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