Market Commentary
Global markets
US market extended gains on Thursday over Middle east de-escalation hopes. Dow Jones closed up by 0.6 pct. While Nasdaq closed green by 0.1 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.9 pct. While Nikkei trading positive by 2.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,291 | 0.6 | 4.6 |
| Nasdaq | 26,293 | 0.1 | 13.1 |
| Hang Seng | 25,610 | 0.9 | -0.1 |
| Nikkei | 63,094 | 2.3 | 25.2 |
Commodities
Gold prices fell and currently stood at USD 4,522 amid mixed sentiments. On the other hand, oil prices stood at USD 104.12/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,522 | -0.4 |
| Silver ($) | 76.12 | -0.6 |
| Brent Crude ($) | 104.12 | -0.8 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices closed flat on Thursday, as Middle East uncertainty dragged down earning led gains.
Result Today – Sun Pharma, Hindalco, Eicher Motors, Colgate, NH, 3M
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,183 | -0.2 | -11.8 |
| Nifty | 23,654 | -0.0 | -9.5 |
| Nifty Bank | 53,439 | -0.2 | -10.3 |
| Nifty Midcap 100 | 61,300 | 0.0 | 1.3 |
| Nifty Smallcap 100 | 17,983 | 0.6 | 1.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,705 | 54,637 |
| 100 DMA | 24,661 | 57,276 |
| 200 DMA | 25,001 | 57,052 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1891 | -270,146 |
| DII | 2492 | 355,365 |
Stocks to watch
| Positive Read through | Negative Read through |
| VA Tech Wabag – EBITDA grew 12 pct, profit jumped 29 pct YoY | Swiggy – Fails to secure requisite shareholder nod to alter AoA to become Indian-owned entity |
| Varun Bev – Agreement with PepsiCo revised, exclusive agreement extended till April 2049 | GAIL – EBITDA declined 56.6 pct, margin at 3.3 pct vs 7.8 pct QoQ |
| Maruti – Announces price hike by up to Rs. 30,000, effective June 2026 | Ashoka Buildcon – EBITDA fell 7 pct, profit down 18 pct YoY |
| Tata Steel – Supreme Court stays Rs. 8.90 bn GST demand, halts further proceedings in ITC dispute | Vedanta – Supreme Court upholds Rs. 1.27 bn penalty against Talwandi Sabo Power |
| Dalmia Bharat – To acquire 5.2 mtpa cement capacity from JP Associates at an EV of Rs. 28.5 bn | Max Health – Subdued performance, sales lower than estimates, margins dip YoY |
| Aurobindo – Q4 in-line with estimates, sales up 5.6 pct YoY | LG Elec – Sales in-line with street estimates while EBITDA margin & Profit below |
| Honasa – Reported highest EBITDA & Profit since listing, sales rose 23 pct YoY | |
| Nykaa – Profit zooms 4x, crossed Rs. 100 bn sales milestone for the full year | |
| Datamatics – EBITDA jumped 48.4 pct, margin at 21.3 pct vs 15 pct YoY | |
| GMR Power – EBITDA increased 21 pct, margin at 23 pct vs 22 pct YoY | |
| IOB – Board approves fund raise of up to Rs. 50 bn via QIP, other means | |
| RCF – EBITDA jumped 81.6 pct, margin at 5.8 pct vs 4.8 pct YoY | |
| Central Bank – Government to divest up to 8 pct equity | |
| Allcargo Terminals – EBITDA up 31.2 pct, margin at 21.2 pct vs 18 pct YoY | |
| Paytm – SAIF Partners likely to sell 8.6 mn shares via block deals, floor price at 3 pct discount to CMP | |
| LIC – Q4 above estimates, VNB margin at 25.66 pct vs 18.75 pct YoY | |
| Prestige Est – Q4 profit increased 6x, EBITDA rose 85 pct YoY |
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