Market Commentary
Global markets
US market closed mixed on Monday over ceasefire hopes. Dow Jones closed down by 0.2 pct. While Nasdaq closed positive by 0.9 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.2 pct. While Nikkei trading green by 1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,791 | -0.2 | 5.7 |
| Nasdaq | 25,929 | 0.9 | 11.6 |
| Hang Seng | 24,605 | -0.2 | -4.0 |
| Nikkei | 64,654 | 1.0 | 28.3 |
Commodities
Gold prices rose and currently stood at USD 4,338 over Middle East ceasefire hopes. On the other hand, oil prices stood at USD 93.50/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,338 | 0.1 |
| Silver ($) | 67.60 | -0.9 |
| Brent Crude ($) | 93.50 | -0.7 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark extended losses on Monday led by broad based selling after tracking a sharp selloff across Asian markets.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,524 | -1.0 | -13.7 |
| Nifty | 23,123 | -1.0 | -11.5 |
| Nifty Bank | 54,063 | -0.8 | -9.3 |
| Nifty Midcap 100 | 59,905 | -1.4 | -1.0 |
| Nifty Smallcap 100 | 17,763 | -1.9 | 0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,685 | 54,457 |
| 100 DMA | 24,379 | 56,702 |
| 200 DMA | 24,949 | 56,984 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5,555 | -334,991 |
| DII | 5,165 | 426,279 |
Stocks to watch
| Positive Read through | Negative Read through |
| Wabag – Bags order in the range of Rs. 2.5-6 bn from UAE | NLC India – Government to divest up to 3 pct stake via OFS with floor price of Rs. 303/share. |
| IT Stocks – Trump’s USD 100,000 H-1B visa application fee rejected by US judge | |
| Banks – RBI launches forex swap facility for PSU ECBs and bank foreign borrowings | |
| Bharti Airtel, Vi – High Court quashes one-time spectrum charge levied in 2012 | |
| JSW Energy – Commissions wind blade capacity at Halol | |
| Ather Energy – Board to consider fund raise on June 12 | |
| Grasim – To invest Rs. 30.94 bn to expand lyocell fibre capacity | |
| Lemon Tree – Signs Keys Prima by Lemon Tree Hotels, Jaipur | |
| Panacea – Launches DENSTAR project for its Degiall vaccine in Sub-Saharan Africa | |
| JNK India – Bags order in the range of Rs. 1-3 bn from UAE | |
| Fino Payments – Average total deposits in May up 10 pct, accounts opened up 29 pct YoY | |
| Precision Elec – Bags order worth Rs. 370 mn from Home Affairs Ministry for surveillance systems | |
| RVNL – Gets LoA for an EPC project worth Rs. 2.21 bn from South East Central Railway | |
| AB Fashion – Acquires an additional 10.02 pct stake in Bewakoof brand | |
| IRB Infra – May toll sales grew 25 pct YoY at Rs. 8.43 bn |
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