Market Commentary
Global markets
US market ended mixed on Wednesday on earnings optimism and US – Iran talks. Dow Jones closed negative by 0.1 pct. While Nasdaq closed up by 1.6 pct.
Asian markets
Asian markets trading green in the early morning trade. Hang Seng trading up by 1.1 pct. While Nikkei trading higher by 2.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,463 | -0.1 | 0.8 |
| Nasdaq | 24,016 | 1.6 | 3.3 |
| Hang Seng | 26,240 | 1.1 | 2.4 |
| Nikkei | 59,549 | 2.4 | 18.2 |
Commodities
Gold prices rose and currently stood at USD 4,822 on US – Iran diplomacy hopes. On the other hand, oil prices stood at USD 94.82/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,822 | 0.7 |
| Silver ($) | 80.36 | 1.9 |
| Brent Crude ($) | 94.82 | -0.0 |
Indian Indices
India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices closed positive on Wednesday, as oil fell below USD 100 a barrel on rising expectations of renewed U.S.-Iran talks.
Result Today – HDFC AMC, Wipro
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,111 | 1.6 | -8.3 |
| Nifty | 24,231 | 1.6 | -7.3 |
| Nifty Bank | 56,301 | 1.3 | -5.5 |
| Nifty Midcap 100 | 58,777 | 2.2 | -2.8 |
| Nifty Smallcap 100 | 17,156 | 2.4 | -3.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,445 | 57,243 |
| 100 DMA | 25,166 | 58,306 |
| 200 DMA | 25,165 | 57,277 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 666 | -212,512 |
| DII | -569 | 291,285 |
Stocks to watch
| Positive Read through | Negative Read through |
| Aurobindo Pharma – Arm expands CMO agreement with MSD to set up USD 150–175 mn unit | Tejas Networks – Reported a loss for the fifth quarter in a row, sales declined 70 pct QoQ |
| HDB Financial – NII grew 22 pct YoY, NIM improved to 8.2 pct vs 7.6 pct YoY | Indian Metals – Delay in ethanol project, Therubali commissioning timeline impacted |
| Suraj Estate – Acquires land with a potential of Rs. 1 bn GDV project in Dadar (West) | Baazar Style – Gets Rs. 230 mn as insurance claim for warehouse fire vs Rs. 440 mn receivable accounted |
| Railtel – Bags order worth Rs. 1 bn from divisional commissioner, Konkan division | GMR Airports – March total passenger traffic fell 1.5 pct, aircraft movement down 1.3 pct YoY |
| Samhi Hotels – Lease deal with Ingka for 162-room hotel project in Noida | |
| Rubicon Research – To buy 85 pct stake in CNS player Arinna Life for Rs. 1.76 bn | |
| Brigade Enterprises – Enters into JDA for 8.63-acre land in Bangalore with GDV of Rs. 72 bn | |
| Delhivery – Nexus fund sells another 0.53 pct equity, MS and Edelweiss MF buyers in block deals | |
| ICICI Lombard – Q4 in line with estimates, combined ratio at 101.2 vs 102.5 YoY | |
| Allcargo Terminals – March total volumes rose 2 pct QoQ and 4 pct YoY |
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