Market Commentary
Global markets
US market closed positive on Thursday after the U.S. and Iran signed their interim pact to wind down the war. Dow Jones closed up by 0.1 pct. While Nasdaq closed higher by 1.9 pct.
Asian markets
Asian markets trading positive in the early morning trade. Nikkei was trading in green, up by 0.4 pct, Hang Seng remain closed on account of holiday.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,570 | 0.1 | 7.3 |
| Nasdaq | 26,517 | 1.9 | 14.1 |
| Hang Seng | 23,924 | -1.6 | -6.7 |
| Nikkei | 71,314 | 0.4 | 41.5 |
Commodities
Gold prices falls as hawkish fed overweighed US Iran deal and currently stood at USD 4,168. On the other hand, oil prices stood at USD 79.61/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,168 | -1.2 |
| Silver ($) | 64.47 | -1.9 |
| Brent Crude ($) | 79.61 | 0.5 |
Indian Indices
India’s equity benchmarks are likely to open negative as GIFT Nifty indicates. Benchmark Indices closed higher on Thursday, Banking sector leaded the rally. Nifty50 and Sensex closed 0.3 pct in green.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,409 | 0.3 | -9.2 |
| Nifty | 24,168 | 0.3 | -7.5 |
| Nifty Bank | 57,963 | 0.7 | -2.7 |
| Nifty Midcap 100 | 62,379 | 0.4 | 3.1 |
| Nifty Smallcap 100 | 18,705 | 0.4 | 5.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,707 | 56,642 |
| 100 DMA | 23,530 | 55,366 |
| 200 DMA | 23,641 | 54,775 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1025 | -346,244 |
| DII | 3516 | 453,336 |
Stocks to watch
| Positive Read through | Negative Read through |
| TruAltBio: Secures Rs. 1.5 bn financial assistance under PM Ji-Van Yojana for SAF project. | IT stocks: Accenture cuts CC revenue growth guidance on West Asia impact, earnings miss est. |
| Groww / Angel One: SEBI proposes allowing NCDs for MTF funding, expand broker funding limits. | Aurobindo: FTC orders divestiture of 4 drugs to complete Lanett deal in anticompetitive review. |
| HDFC Bank: Extends chairmanship of Keki Mistry till September 18. | Jubilant Pharmova: USFDA issues 8 observations for Spokane, US unit. |
| Brigade Ent: Appealed in SC against environmental nod revocation for Chennai project. | Muthoot / Mannapuram: Gold prices fall 1.5 pct overnight, below USD 4,200/oz. |
| Wipro: To acquire an additional 20 pct stake in Aggne Global IT for USD 2.1 mn. | |
| Endurance Tech: To expand mfg capacity at Mindewadi, Pune for Rs. 620 mn. | |
| HCLTech: Launches AI Innovation Zone featuring Intel-powered enterprise solutions. | |
| Bosch Home Comfort: Promoter to exercise greenshoe option in OFS. | |
| Bharat Forge: Inks pact with AM General for mounted artillery guns for world armies. | |
| Mahindra Life: JV with Sumitomo announces new mfg facility at Origins by Mahindra, Chennai. | |
| Amber Ent: Signs mfg collaboration agreement with Oppo Mobiles. | |
| Diamond Power: Board nod for Rs. 20 bn QIP vs Rs. 10 bn earlier to meet MPS norms. |
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