Market Commentary
Global markets
US market closed positive after Trump cancels strikes on Iran. Dow Jones closed up by 1.9 pct. While Nasdaq closed green by 2.5 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading up by 1.8 pct. While Nikkei trading positive by 3 .5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,854 | 1.9 | 5.8 |
| Nasdaq | 25,809 | 2.5 | 11.0 |
| Hang Seng | 24,688 | 1.8 | -3.7 |
| Nikkei | 66,442 | 3.5 | 31.8 |
Commodities
Gold prices fell and currently stood at USD 4,193 amid inflation fear. On the other hand, oil prices stood at USD 89.41/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,193 | -0.5 |
| Silver ($) | 67.12 | -0.4 |
| Brent Crude ($) | 89.41 | 0.3 |
Indian Indices
India’s equity benchmarks are likely to open higher as GIFT Nifty indicates. Benchmark indices closed lower on Thursday over renewed Middle East escalation risk.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,832 | -0.2 | -13.4 |
| Nifty | 23,161 | -0.2 | -11.4 |
| Nifty Bank | 55,176 | 0.1 | -7.4 |
| Nifty Midcap 100 | 59,325 | -0.8 | -1.9 |
| Nifty Smallcap 100 | 17,702 | -0.7 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,703 | 54,614 |
| 100 DMA | 24,303 | 56,574 |
| 200 DMA | 24,926 | 56,981 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,987 | -343,669 |
| DII | 4,224 | 439,787 |
Stocks to watch
| Positive Read through | Negative Read through |
| Tata Power – DERC allows DISCOMs to recover higher power purchase costs for April 2026. | Gold Sensitives – Gold off highs after rising over 1% overnight; down more than 6% this week. |
| Hexaware Tech – US court dismisses a USD 500 mn patent infringement case filed by Natsoft Corp. | ONGC/OIL – Crude slips to a 2-month low, with Brent below $90/bbl tracking US-Iran updates. |
| Updater Services – SIS buys an additional 1.08 lakh shares, increasing stake to 4.36 pct in the company. | Dabur India – US FDA issues import alert for the Silvassa unit. |
| OMCs/Paint Cos – Crude slip to a 2-month low, with Brent below USD 90/bbl tracking US-Iran updates. | |
| Centum Electronics – Court-supervised restructuring plan approved for French arms. | |
| IRCTC – Railway Minister says the company will launch a new website on July 15. | |
| Sagility India – To acquire US healthcare analytics player CareSeed. | |
| Affle India – Receives Indian patent for a monitoring system for conversational AI agents. | |
| Anupam Rasayan – Becomes the first company in the world to commercialise ETFA using flow chemistry. | |
| PCBL Chemical – Commissions a specialty PDN line with a capacity of 20,000 MTPA. | |
| Happiest Minds – Launches Rel(AI)Build, an agentic AI platform for enterprise software delivery. | |
| Astral – Arm to acquire 60 pct stake in DSS Specialty Chemicals for the electronics and aerospace business for Rs. 390 mn. |
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