Market Commentary
Global markets
US market closed higher on Friday over tech rally and Middle East hopes. Dow Jones closed up by 0.7 pct. While Nasdaq closed green by 0.2 pct.
Asian markets
Asian markets trading green in the early morning trade. Hang Seng trading up by 0.7 pct. While Nikkei trading positive by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,037 | 0.7 | 6.2 |
| Nasdaq | 26,972 | 0.2 | 16.1 |
| Hang Seng | 25,349 | 0.7 | -1.1 |
| Nikkei | 67,038 | 1.1 | 33.0 |
Commodities
Gold prices fell and currently stood at USD 4,519 on stronger Dollar. On the other hand, oil prices stood at USD 93.23/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,519 | -0.4 |
| Silver ($) | 75.63 | 0.4 |
| Brent Crude ($) | 93.23 | 1.4 |
Indian Indices
India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices extended losses on Friday over MSCI rebalancing and fading hopes on US-Iran peace deal.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,775 | -1.4 | -12.3 |
| Nifty | 23,547 | -1.5 | -9.9 |
| Nifty Bank | 54,239 | -1.1 | -9.0 |
| Nifty Midcap 100 | 61,723 | -1.3 | 2.0 |
| Nifty Smallcap 100 | 18,138 | -0.9 | 2.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,683 | 54,477 |
| 100 DMA | 24,550 | 57,056 |
| 200 DMA | 24,984 | 57,022 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -21,105 | -298,321 |
| DII | 16,764 | 387,181 |
Stocks to watch
| Positive Read through | Negative Read through |
| Hind Copper – Awards contract for running Gujarat unit on sales-sharing basis | Pb Fintech – Yashish Dahiya & Alok Bansal sell 0.82 pct equity for Rs. 6.65 bn via block deals |
| Textiles – Govt allows zero-duty import of cotton till Oct 30 | Gujarat Gas – EBITDA dropped 35 pct, margin at 10.5 pct vs 15.6 pct QoQ |
| OMCs – Government halves export duty on petrol to Rs. 1.50/ltr, cuts diesel duty to Rs. 13.50/ltr | Concord Biotech – EBITDA down 38 pct, margin at 36.4 pct vs 44.3 pct YoY |
| PNC Infra – Bags EPC work order worth Rs. 3.02 bn from Airport Authority of India | Jupiter Wagons – EBITDA fell 45.5 pct, margin at 10.7 pct vs 14.6 pct YoY |
| Reliance – Moody’s upgrades credit rating for fixed-rate notes to Baa1 from Baa2 | Glenmark Pharma – Q4 below estimates, margin at 20.2 pct vs 22.3 pct QoQ |
| Cyient – To acquire TAO Digital, an AI-native data company, at an EV of USD 218 mn | Linde India – EBITDA down 18 pct, margin at 28 pct vs 35.5 pct YoY |
| Godrej Properties – Wins bid for residential land in Greater Noida, sales potential above Rs. 70 bn | Inox Wind – EBITDA down 21.5 pct, margin at 16 pct vs 20 pct YoY |
| Lupin – Gets US FDA nod for generic of Sutab, a USD 133 mn drug, with 180-day exclusivity | |
| Wockhardt – Gets US FDA nod for antibiotic WCK 5222 (Zaynich) under fast-track pathway | |
| Tenneco – Posted healthy Q4 earnings, order book remains strong | |
| Indigo – Q4 weak but in-line, Q1FY27 capacity growth guidance at 3-4 pct YoY | |
| IREDA – NII grew 18 pct, disbursements rose 16 pct YoY | |
| Lumax Auto – EBITDA increased 29.7 pct, margin at 14.3 pct vs 13.8 pct YoY | |
| Olectra Green – EBITDA up 76.3 pct, margin at 15.5 pct vs 12.6 pct YoY | |
| Tilaknagar Industries – EBITDA up 96.7 pct, margin at 16.3 pct vs 20.5 pct YoY | |
| NMDC Steel – Posted positive EBITDA versus EBITDA loss, sales increased 42 pct YoY |
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