Market Commentary
Global markets
US market closed red on Tuesday as Middle East concerns offset earnings optimism. Dow Jones closed down by 0.6 pct. While Nasdaq closed down by 0.6 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 1.5 pct. While Nikkei trading higher by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,149 | -0.6 | 2.3 |
| Nasdaq | 24,259 | -0.6 | 4.4 |
| Hang Seng | 26,100 | -1.5 | 1.8 |
| Nikkei | 59,653 | 0.5 | 18.4 |
Commodities
Gold prices rose and currently stood at USD 4,758 over weaker dollar. On the other hand, oil prices stood at USD 94.97/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,758 | 0.8 |
| Silver ($) | 78.04 | 1.6 |
| Brent Crude ($) | 98.15 | -0.9 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed positive on Tuesday, as bank shares rose on optimism over earnings and a partial rollback of curbs on rupee trading.
Result Today – SBI Life, Trent, Havells
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,273 | 1.0 | -7.0 |
| Nifty | 24,576 | 0.9 | -5.9 |
| Nifty Bank | 57,371 | 1.4 | -3.7 |
| Nifty Midcap 100 | 60,086 | 0.5 | -0.7 |
| Nifty Smallcap 100 | 17,641 | 0.9 | -0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,376 | 57,042 |
| 100 DMA | 25,099 | 58,209 |
| 200 DMA | 25,145 | 57,271 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1918 | -214,425 |
| DII | 2217 | 288,324 |
Stocks to watch
| Positive Read through | Negative Read through |
| KEI Ind – Awarded ISO/IEC 27001:2022 certification for ISMS by Intercert Inc | JSW Energy – Arm gets demand order of Rs. 14.47 bn from Water Resources Division, Chhattisgarh |
| HDFC Life – Vibha Padalkar appointed MD & CEO for another 5 years | OMCs/Paints Cos – Crude jumps 2 pct overnight, Brent near USD 100/bbl, ceasefire extended |
| ONGC/OIL – Crude jumps 2 pct overnight, Brent near USD 100/bbl, ceasefire extended | Tata Elxsi – CC sales growth at 0.9 pct vs estimate of 1.5 pct, EBIT margin above estimates |
| KNR Constructions – Receives settlement amount of Rs. 130 crore from NHAI | Persistent Sys – Total deal wins fell 10 pct QoQ, EBIT margin below estimates |
| Sunteck – Q4 pre-sales grew 22 pct, collections rose 39 pct YoY | HCL Tech – Weak Q4, logs first profit decline in 16 years, widens FY27 sales guidance |
| Mphasis – Acquires TAP for Rs. 680 mn on closing, Rs. 1.37 bn in milestone payments | Central Mining – EBITDA dropped 28.5 pct, margin at 28.8 pct vs 45 pct YoY |
| Karnataka Bank – Partners with Pine Labs for point of sale (PoS) services | 360 One – Margin shrank 56 bps, ARR declined 2 pct QoQ |
| BEML – Bags order worth Rs. 5.90 bn from Defence Ministry | Tril – EBITDA down 10 pct, FY26 order book below guidance |
| PNC Infra – Declared lowest bidder for 2 HAM projects worth Rs. 34.83 bn | Cyient DLM – Margin at 11.6 pct vs 13.4 pct YoY, EBITDA declined 25 pct |
| Vedanta – Hind Zinc to consider dividend in April 24 board meet | Manappuram Finance – Open offer closes with nil shares being tendered |
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