Market Commentary
Global markets
US market closed higher on Thursday largely led by Cisco, Nvidia rally. Dow Jones closed up by 0.7 pct. While Nasdaq closed green by 0.9 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 1 pct. While Nikkei trading down by 1.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,068 | 0.7 | 4.2 |
| Nasdaq | 26,635 | 0.9 | 14.6 |
| Hang Seng | 26,130 | -1.0 | 2.0 |
| Nikkei | 61,849 | -1.2 | 22.7 |
Commodities
Gold prices fell and currently stood at USD 4,621 over profit booking. On the other hand, oil prices stood at USD 107.13/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,621 | -0.6 |
| Silver ($) | 81.56 | -2.4 |
| Brent Crude ($) | 107.13 | 0.5 |
Indian Indices
India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices extended gains on Thursday on better than expected earnings and US-China talks.
Result Today – Solar Industries, Hindustan Copper, Amber, Azad Engineering
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,398 | 1.1 | -11.5 |
| Nifty | 23,689 | 1.2 | -9.3 |
| Nifty Bank | 54,128 | 1.3 | -9.2 |
| Nifty Midcap 100 | 60,839 | 1.1 | 0.6 |
| Nifty Smallcap 100 | 17,991 | 0.0 | 1.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,836 | 55,273 |
| 100 DMA | 24,775 | 57,553 |
| 200 DMA | 25,041 | 57,132 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 187 | -268,343 |
| DII | 684 | 346,379 |
Stocks to watch
| Positive Read through | Negative Read through |
| Apollo Tyres – Q4 largely in-line with estimates, India & Europe business saw 15 pct growth | HCC – EBITDA tumbled 60.2 pct, margin at 17.2 pct vs 31.3 pct YoY |
| Tata Motors PV – India business reported better-than-estimate, JLR a mixed set | Voltas – Margin & profit below estimates, margin slipped 250 bps YoY |
| Siemens Energy – Strong growth led by good growth in power tran & generation segment | Dilip Buildcon – EBITDA dropped 40.7 pct, margin at 17.06 pct vs 21.35 pct YoY |
| Kirloskar Oil – EBITDA up 19.8 pct, sales rose 21 pct YoY | Carborundum – EBITDA fell 1.4 pct, margin at 10.3 pct vs 12 pct YoY |
| Sheela Foam – Sales grew 23.6 pct, margin at 11.1 pct vs 3.2 pct YoY | LT Foods – Profit below estimates, muted quarter & full year performance |
| Data Patterns – EBITDA increased 30 pct, margin at 56 pct vs 37.6 pct YoY | CMS Info – EBITDA fell 1 pct, margin at 25.47 pct vs 26.22 pct YoY |
| Allied Blenders – Strong sales & margin growth, volume growth at 8.7 pct YoY | Dwarikesh Sugar – EBITDA down 19.1 pct, margin at 20.4 pct vs 23.3 pct YoY |
| TD Power – EBITDA jumped 50 pct, sales jumped 69 pct YoY | GMDC – EBITDA down 46.2 pct, margin at 12.80 pct vs 24.60 pct YoY |
| EPL – EBITDA up 12.5 pct, margin at 19.72 pct vs 20.63 pct YoY | KRBL – Margin at 15 pct vs 16 pct, EBITDA up 2.4 pct YoY |
| Chambal Fert – EBITDA increased 55.6 pct, margin at 9.2 pct vs 6.7 pct YoY | |
| OMCs/CGDs – Petrol & diesel prices hiked by Rs. 3/L, CNG price hiked by Rs. 3/kg in Delhi | |
| SEPC – JV receives LoA worth Rs. 5.21 bn from Shalimar Corp for EPC work | |
| United Spirits – Strong operational beat, gross margin up 290 bps YoY | |
| Endurance Tech – Strong sales growth, sales up 37 pct YoY | |
| Kalpataru Projects – Margin at 8.2 pct vs 7.6 pct, net debt reduces | |
| Muthoot Finance – Loan AUM grew 50 pct YoY, PPoP rose 19 pct QoQ | |
| Pearl Global – EBITDA up 14.8 pct, margin at 10.24 pct vs 9.54 pct YoY |
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