Market Commentary
Global markets
US market closed mixed on Tuesday over uncertain geopolitical developments. Dow Jones closed up down 0.2 pct. While Nasdaq closed green by 1.2 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.6 pct. While Nikkei trading positive by 1.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,467 | -0.2 | 5.0 |
| Nasdaq | 26,656 | 1.2 | 14.7 |
| Hang Seng | 25,499 | -0.6 | -0.7 |
| Nikkei | 65,816 | 1.3 | 30.6 |
Commodities
Gold prices remain steady and currently stood at USD 4,506 over US-Iran developments. On the other hand, oil prices stood at USD 94.98/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,506 | 0.0 |
| Silver ($) | 76.88 | -0.0 |
| Brent Crude ($) | 94.98 | -1.4 |
Indian Indices
India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices closed negative on Tuesday as fresh U.S. strikes on Iran dampened hopes of an imminent peace deal.
Result Today – Cummins, Aditya Infotech, Elgi Equipments, PG Electroplast, Bata
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,009 | -0.6 | -10.8 |
| Nifty | 23,913 | -0.5 | -8.5 |
| Nifty Bank | 55,092 | -0.4 | -7.5 |
| Nifty Midcap 100 | 62,298 | 0.5 | 3.0 |
| Nifty Smallcap 100 | 18,267 | 0.4 | 3.1 |
| 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 | -2407 | -274,587 |
| DII | 1361 | 361,369 |
Stocks to watch
| Positive Read through | Negative Read through |
| KPI Green – Plans up to USD 1 bn renewable energy investment trust, executive says | AstraZeneca – EBITDA dropped 29.4 pct, margin at 10.5 pct vs 17.9 pct YoY |
| Bayer Crop – EBITDA up 18.8 pct, margin at 18.4 pct vs 16.3 pct YoY | Gujarat Fluoro – Profit declined 41.4 pct, margin at 23 pct vs 25 pct YoY |
| NLC India – MoU with IIT(ISM) TEXMiN, Dhanbad mineral exploration & research | Aequs – EBITDA down 23 pct, margin slips 795 bps YoY |
| Sun Pharma – Nearly 27 pct of patients experienced a complete response in UNLOXCYT trial | Transrail – EBITDA down 11 pct, margin at 11.2 pct vs 12 pct YoY |
| JK Tyre – Posted strong Q4, to expand capacity, invest Rs. 49.80 bn in phases | Morepen Lab – EBITDA slipped 42.2 pct, margin at 5 pct vs 9.1 pct YoY |
| IRCTC – Beats guidance of 10 pct sales growth, 33-35 pct EBITDA margin in FY26 | Coal India – Government launches OFS of up to 2 pct equity, floor price Rs. 412/share |
| KEC Intl – Bags orders worth of Rs. 13.03 bn | EIH – EBITDA down 4.8 pct, margin at 37.3 pct vs 42.4 pct YoY |
| HG Infra – Qualified bidder by REC for Rs. 450 mn/year construction work, tenure 35 years | ONGC – EBITDA down 17 pct, margin at 35.3 pct vs 48.4 pct YoY |
| Transport Corp – EBITDA up 17 pct, sales increased 12 pct YoY | Siemens – Sales in-line, margin missed expectations |
| Carraro India – Strong growth for domestic & exports, sales grew 37 pct YoY | Camlin Fine – EBITDA dropped 65 pct, margin at 5 pct vs 14.4 pct YoY |
| Ram Ratna Wires – Sales jumped 83 pct, margin at 5.3 pct vs 4.7 pct YoY | |
| Voda Idea – Third consecutive month of subscriber gains, adds 53,257 users in April | |
| GPT Infra – Bags contract worth Rs 720 mn from PCMM, Eastern Railway | |
| P&G Health – EBITDA jumped 67.6 pct, margin at 37 pct vs 26 pct YoY | |
| Senco Gold – Margin at 13.7 pct vs 9.2 pct, sales up 45 pct YoY | |
| Landmark Cars – EBITDA increased 38.7 pct, margin at 5.9 pct vs 5 pct YoY | |
| Saatvik Green – Bags order worth Rs 1.71 bn for supply of solar PV modules |
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