Market Commentary
Global markets
US market closed positive on Friday driven by surge in IT stocks and slumping crude. Dow Jones closed up by 1.3 pct. While Nasdaq closed 1.8 pct green.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading positive by 2.0 pct. While Nikkei trading 0.4 pct in green.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,499 | 1.3 | 3.0 |
| Nasdaq | 25,114 | 1.8 | 8.1 |
| Hang Seng | 26,294 | 2.0 | 2.6 |
| Nikkei | 59,512 | 0.4 | 18.1 |
Commodities
Gold prices edged lower and currently stood at USD 4,608 as signs of progress in US Iran peace talks. On the other hand, oil prices stood at USD 108.3/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,608 | -0.1 |
| Silver ($) | 75.73 | 0.6 |
| Brent Crude ($) | 108.3 | -0.9 |
Indian Indices
India’s equity benchmarks are likely to open positive as GIFT Nifty indicates, easing oil. Benchmark Indices closed lower on Thursday as surging oil prices and weakening Rupee hurt sentiment.
Result Today – BHEL, Jyothy labs
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,913 | -0.8 | -9.7 |
| Nifty | 23,997 | -0.7 | -8.2 |
| Nifty Bank | 54,863 | -1.0 | -7.9 |
| Nifty Midcap 100 | 59,784 | -1.0 | -1.2 |
| Nifty Smallcap 100 | 18,007 | -0.5 | 1.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,128 | 56,049 |
| 100 DMA | 24,147 | 56,113 |
| 200 DMA | 23,625 | 54,560 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,047 | -242,358 |
| DII | 3,487 | 304,503 |
Stocks to watch
| Positive Read through | Negative Read through |
| TVS Motor: Total April sales up 7 pct YoY at 473k units vs 443k units. | CDSL: Revenue down 13.7 pct, EBITDA declines 27.6 pct QoQ. |
| Aster DM: EBITDA up 21 pct, margin at 20 pct vs 19 pct YoY. | Zen Tech: EBITDA down 24 pct, margin slips 894 bps QoQ. |
| Mazagon Dock: Revenue up 21 pct, margin at 14.10 pct vs 3.76 pct YoY. | BCCL: 4 dead after getting trapped under heap of slurry at Moonidih washery of co. |
| Siemens: Receives order worth Rs. 18.25 bn from its group co. | IndiaMART: Profit down 72 pct, margin at 32.8 pct vs 36.7 pct YoY. |
| Hyundai: April sales up 17 pct YoY at 51,902 units. | Laurus Labs: Revenue, profit below est, margin in-line. |
| Tata Power: Arm to invest approx Rs. 6.5 bn in photovoltaic ingot and wafer mfg biz. | Adani Ent: EBITDA down 0.6 pct, margin at 11.5 pct vs 13.8 pct YoY. |
| Aurobindo: CuraTeQ Bio gets Health Canada NOC for cancer drug bevacizumab. | Coal India: April coal production down 9.7 pct, offtake declines 2 pct YoY. |
| NMDC: Total April production up 16 pct, sales rise 1.4 pct YoY. | ACC: EBITDA/t declined sequentially, cost pressure expected to continue in H1FY27. |
| Bharat Forge: To acquire 30 pct stake worth Rs. 1.296 bn in Fortuna Engineering. | Indus Towers: Rs. 14/sh dividend below est, rev down 0.6 pct QoQ, VI AGR dues impact. |
| Kotak: NII up 8 pct, slippages down 32 pct YoY, provisions decline. | MOIL: Prices of most products cut by up to 4 pct. |
| Jindal Steel: EBITDA/tonne improves, EBITDA up 29 pct YoY. | |
| Maruti: Total April sales up 33.3 pct at 239k units vs 179k units YoY. | |
| M&M: Total sales up 14 pct, total tractor sales rise 21 pct YoY | |
| Tata Motors CV: Total April sales up 28 pct at 34,833 units vs 27,221 units YoY. | |
| Eicher Motors: Total April RE sales up 31 pct at 1.13k units vs 86,559 units YoY. | |
| Hero Moto: Total April sales up 85.4 pct at 5.66k units vs 3.05k units YoY. |
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