Market Commentary
Global markets
US market closed negative on Tuesday over rising yield due to inflation concern. Dow Jones closed down by 0.6 pct. While Nasdaq closed red by 0.8 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 0.1 pct. While Nikkei trading down by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,368 | -0.6 | 2.8 |
| Nasdaq | 25,870 | -0.8 | 11.3 |
| Hang Seng | 25,557 | -0.9 | -0.3 |
| Nikkei | 59,763 | -1.3 | 18.6 |
Commodities
Gold prices fell and currently stood at USD 4,463 over US-Iran tension. On the other hand, oil prices stood at USD 110.03/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,463 | -0.4 |
| Silver ($) | 73.37 | -0.4 |
| Brent Crude ($) | 111.31 | 0.4 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed lower on Tuesday as gains in information technology stocks driven by a stronger dollar were offset by losses in banks.
Result Today – Grasim, Apollo Hospitals, Bosch, Honeywell
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,200 | -0.2 | -11.8 |
| Nifty | 23,618 | -0.2 | -9.6 |
| Nifty Bank | 53,409 | -0.2 | -10.4 |
| Nifty Midcap 100 | 61,022 | 0.9 | 0.9 |
| Nifty Smallcap 100 | 17,863 | 1.2 | 0.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,743 | 54,853 |
| 100 DMA | 24,709 | 57,390 |
| 200 DMA | 25,018 | 57,080 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2457 | -264,200 |
| DII | 3801 | 347,103 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bharti Airtel – Launches priority post-paid service | Orkla India – Soft sales growth, volume increased 2.2 pct YoY |
| Blue Star – To acquire balance 51 pct stake in Blue Star Qatar from JV partner | Zee Ent – Reported loss vs profit, ad sales down 4 pct YoY |
| ASK Auto – EBITDA grew 28.4 pct, sales rose 35 pct YoY | Sula Vineyards – Abhishek Kapoor to resign as CFO of company w.e.f. July 14, 2026 |
| Hatsun Agro – Reported profit up 18.3 pct, sales rose 15 pct YoY | PTC India – EBITDA down 6.9 pct, margin at 3.7 pct vs 5.3 pct YoY |
| Healthcare Global – EBITDA increased 18.3 pct, margin at 18.9 pct vs 17.8 pct YoY | PNC Infra – EBITDA declined 23.5 pct, margin at 17.1 pct vs 21.3 pct YoY |
| Mankind Pharma – EBITDA up 36 pct, margin at 27 pct vs 22.2 pct YoY | J Kumar – EBITDA fell 4.8 pct, margin flat at 14 pct YoY |
| MRPL – Gets PNGRB nod for ATF pipeline to Kempegowda Airport, Bangalore | Trident – EBITDA down 7.2 pct, profit declined 23.5 pct YoY |
| Godawari Power – Strong operational performance, margin at highest level in nearly 3 years | |
| BPCL – EBITDA, margin above estimates, Profit lower on exceptional loss | |
| Godfrey Phillips – Gets Rs. 1 bn from insurance company for fire incident at tobacco processing plant | |
| Hindalco – Novelis EBITDA/t at USD 544 vs USD 494 YoY, FCF positive by FY27-end | |
| Prince Pipes – EBITDA at Rs. 1.09 bn vs Rs. 0.54 bn, margin at 13 pct vs 7.6 pct YoY | |
| Aditya Birla Capital – Receives RBI nod to carry on the business of factoring | |
| Karnataka Bank – NII up 8 pct, gross NPA at 2.78 pct vs 3.32 pct QoQ | |
| Dredging Corp – Posted profit vs loss, margin at 30 pct vs 12 pct YoY | |
| CE Info – EBITDA up 11.7 pct, margin at 44.6 pct vs 40.4 pct YoY |
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