Market Commentary
Global markets
US market closed positive on Tuesday as AI momentum cushions US-Iran uncertainty. Dow Jones closed up by 0.4 pct. While Nasdaq closed flat.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 1.6 pct. While Nikkei trading positive by 2.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,313 | 0.4 | 6.3 |
| Nasdaq | 27,093 | 0.0 | 16.5 |
| Hang Seng | 26,629 | -1.6 | 1.6 |
| Nikkei | 68,452 | 2.6 | 35.8 |
Commodities
Gold prices fell and currently stood at USD 4,485 amid safe haven demand. On the other hand, oil prices stood at USD 96.79/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,485 | -0.1 |
| Silver ($) | 75.01 | -0.1 |
| Brent Crude ($) | 96.79 | 0.9 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices recovered on Tuesday led by rally in IT stocks on hopes of demand from AI spending.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,649 | 0.5 | -12.4 |
| Nifty | 23,483 | 0.4 | -10.1 |
| Nifty Bank | 53,714 | 0.1 | -9.8 |
| Nifty Midcap 100 | 60,942 | 0.2 | 0.8 |
| Nifty Smallcap 100 | 18,052 | 0.4 | 1.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,689 | 54,462 |
| 100 DMA | 24,496 | 56,937 |
| 200 DMA | 24,973 | 57,005 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,362 | -310,596 |
| DII | 9,589 | 401,879 |
Stocks to watch
| Positive Read through | Negative Read through |
| Infosys – Expands collaboration with DNB Bank ASA to modernise financial crime operations | IndiGo – Discontinues flights to/from Manchester, to return one Boeing 787-9 Dreamliner |
| Tech Mahindra – Partners with StackGen to power agentic AI for enterprise cloud | OMCs/Paint Cos – Crude extends gains as US-Iran tensions flare, Brent up 1 pct at USD 97/bbl |
| John Cockerill – Wins JSW order with arm and consortium worth up to Rs. 13 bn | Hind Zinc – Government tightens silver import rules, mandates prior approval for imports |
| EPACK – Bags contract worth Rs. 1.65 bn for cell & module manufacturing | |
| Oil/ONGC – Crude extends gains as US-Iran tensions flare, Brent up 1 pct at USD 97/bbl | |
| Adani Ports – May cargo volumes up 15 pct, logistics rail volumes declined 19 pct YoY | |
| IOB – RBI permits bank to set up an IFSC banking unit (IBU) in GIFT IFSC, Gujarat | |
| Concord Bio – Gets US FDA nod for organ rejection drug in transplants | |
| NHPC – Government to exercise oversubscription option in OFS | |
| NDTV – SEBI disposes proceedings against company in 2009 VCPL/RRPR case, no penalty | |
| Bliss GVS – Gets WHO-GMP compliance letter for Palghar manufacturing facility | |
| BR Goyal – Bags work order worth Rs. 1.18 bn from NHAI |
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