Market Commentary
Global markets
US market closed Mixed on Friday over uncertain geopolitical developments. Dow Jones closed down by 0.2 pct. While Nasdaq closed higher by 1.6 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading up by 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,230 | -0.2 | 2.4 |
| Nasdaq | 24,836 | 1.6 | 6.9 |
| Hang Seng | 25,952 | -0.1 | 1.3 |
| Nikkei | 60,584 | 1.5 | 20.2 |
Commodities
Gold prices rose and currently stood at USD 4,719 over weaker dollar. On the other hand, oil prices stood at USD 100.24/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,719 | 0.2 |
| Silver ($) | 76.05 | 0.5 |
| Brent Crude ($) | 100.24 | 0.3 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices extended losses on Friday, High oil prices and weak IT forecasts.
Result Today – Ultratech Cement, Coal India, Varun Beverages, SBI Cards
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,664 | -1.3 | -10.0 |
| Nifty | 23,897 | -1.1 | -8.5 |
| Nifty Bank | 56,089 | -0.4 | -5.9 |
| Nifty Midcap 100 | 59,374 | -1.0 | -1.8 |
| Nifty Smallcap 100 | 17,567 | -0.9 | -0.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,283 | 56,824 |
| 100 DMA | 25,043 | 58,132 |
| 200 DMA | 25,125 | 57,260 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8828 | -228,586 |
| DII | 4701 | 292,918 |
Stocks to watch
| Positive Read through | Negative Read through |
| Shriram Fin – Overall FY27 AUM growth guidance at 18 pct, NIM expected to stay stable | Anant Raj – ED searches at offices seeking information on an investment |
| Reliance – Strong retail business growth, advancing steadily towards Jio Platforms listing | IDFC First – Operating profit declined 48 pct QoQ, profit tumbled 37 pct QoQ |
| Axis Bank – Gross NPA at 1.23 pct vs 1.40 pct QoQ, NII grew 5 pct YoY | MRPL – EBITDA fell 3.2 pct, margin at 7.4 pct vs 10.5 pct QoQ |
| Wipro – Collaborates with Kongsberg Digital to transform energy & utilities sector with AI | |
| NTPC – Exploring 2 nuclear power units of 1,400 MW in Bihar, investment at Rs. 250 bn | |
| Sun Pharma – To buy Organon for USD 11.75 bn Enterprise value | |
| L&T Finance – NII rose 24.5 pct YoY, NIM at 8.8 pct vs 8.6 pct QoQ | |
| Lodha – EBITDA up 15.7 pct, net debt declined by Rs. 8 bn in Q4 | |
| India Cements – Strong Q4, EBITDA/tonne at 17-quarter high | |
| M&M Fin – NII increased 24 pct, PPoP rose 42 pct YoY |
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