Market Commentary
Global markets
US market closed lower on Friday over Oil price surge. Dow Jones closed down by 1.1 pct. While Nasdaq closed red by 1.5 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 1.6 pct. While Nikkei trading down by 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,530 | -1.1 | 3.1 |
| Nasdaq | 26,225 | -1.5 | 12.8 |
| Hang Seng | 25,537 | -1.6 | -0.4 |
| Nikkei | 60,842 | -0.9 | 20.7 |
Commodities
Gold prices fell and currently stood at USD 4,529 over inflation concern. On the other hand, oil prices stood at USD 111.25/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,529 | -0.2 |
| Silver ($) | 74.87 | -1.3 |
| Brent Crude ($) | 111.25 | 1.7 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed negative on Friday with the rupee hitting a record low as surging oil prices weighed on sentiment.
Result Today – IOCL, GE Vernova, Astral, JSW Cement, Ajax Engineering
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,237 | -0.2 | -11.7 |
| Nifty | 23,643 | -0.2 | -9.5 |
| Nifty Bank | 53,710 | -0.8 | -9.9 |
| Nifty Midcap 100 | 60,567 | -0.4 | 0.1 |
| Nifty Smallcap 100 | 17,882 | -0.6 | 1.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,799 | 55,123 |
| 100 DMA | 24,753 | 57,499 |
| 200 DMA | 25,033 | 57,117 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1329 | -267,014 |
| DII | -1958 | 344,420 |
Stocks to watch
| Positive Read through | Negative Read through |
| REC/PFC – Board reserved proposal for merger of REC into PFC for approval of President | Power Grid – EBITDA declined 11.3 pct, margin at 78 pct Vs 83 pct YoY |
| Aurobindo – Arm CuraTeQ gets CDSCO marketing nod for Bevqolva | NHPC – Margin at 42.5 pct Vs 51.3 pct YoY, EBITDA down 0.7 pct YoY. |
| Hindustan Copper – Record quarter on all fronts, sales jumped 58 pct YoY | ICICI Pru – Prudential Plc to buy 75 pct stake in Bharti Life Insurance for up to Rs. 42 bn. |
| Coal India – Gets nod for listing Mahanadi Coalfields via OFS/fresh offer with max dilution of 25 pct | Vedanta – Encumbrance against promoter shares increased from USD 350 mn to USD 600 mn. |
| Premier Energies – Board approves fund raise of Rs. 50 bn via QIP or other mean | KIMS – Profit tumbled 58.3 pct, margin at 19.3 pct vs 24.8 pct YoY. |
| Atul Auto – EBITDA increased 81 pct, margins at 11.4 pct vs 7.2 pct YoY | KEC Intl – EBITDA down 16.7 pct, margin at 7 pct vs 7.8 pct YoY. |
| Amber Ent – Margin above estimates, electronics segment sales rose 20.6 pct YoY | Omcs/Paint – Crude rises, Brent above USD 111/bbl. |
| Gland Pharma – EBITDA up 47.6 pct, margin at 29.4 pct vs 24.4 pct YoY | Emcure Pharma – US FDA issues Form 483 with 7 observations for formulations unit, Sanand. |
| HFCL – Bags order worth Rs. 1.06 bn for the supply of optical fiber cables | Balrampur Chini – EBITDA down 22 pct, margin at 18 pct vs 24.3 pct YoY. |
| Tata Steel – Q4 above estimates, better performance across businesses | Afcons Infra – 2 order cancellations in Croatia. |
| SAIL – Higher realisations & lower employee costs supports EBITDA | Dodla Dairy – EBITDA fell 56.5 pct, margin at 3.4 pct vs 8.2 pct YoY. |
| Somany Ceramics – EBITDA grew 45.6 pct, margin at 10.6 pct vs 7.8 pct YoY | Hind Zinc – Govt restricts imports of 99.9 pct purity silver bar. |
| Godfrey Phillips – Margin at 30.9 pct vs 17.1 pct, profit jumped 86.7 pct YoY | Voda Idea – ARPU up 1 pct QoQ, Aditya Birla Group (promoter) to infuse Rs. 47.3 bn. |
| Deepak Nitrite – EBITDA rose 18.8 pct, margin at 17.7 pct vs 14.5 pct YoY | |
| Dixon Tech – No material impact of labour disruption in Dehradun | |
| Godrej Ind – Posted profit vs loss, margin at 15.2 pct vs 10.3 pct YoY | |
| Cochin Shipyard – EBITDA up 16.5 pct, margin at 20.9 pct vs 15.1 pct YoY |
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