Market Commentary
Global markets
US market closed positive on Monday over tech stock rally. Dow Jones closed up by 0.3 pct. While Nasdaq closed higher by 1.1 pct.
Asian markets
Asian markets trading negative in the early morning trade. Hang Seng trading lower by 0.1 pct. While Nikkei trading red by 1.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,061 | 0.3 | 10.4 |
| Nasdaq | 26,121 | 1.1 | 12.4 |
| Hang Seng | 23,603 | -0.1 | -7.9 |
| Nikkei | 68,848 | -1.3 | 36.6 |
Commodities
Gold prices fell and currently stood at USD 4,137 ahead of Fed minutes. On the other hand, oil prices stood at USD 72.68/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,137 | -0.7 |
| Silver ($) | 61.36 | -1.2 |
| Brent Crude ($) | 72.68 | 0.9 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices extended gains on Monday, led by financials on health quarterly business updates while lower crude oil prices also aided sentiment.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,285 | 0.7 | -8.1 |
| Nifty | 24,430 | 0.7 | -6.5 |
| Nifty Bank | 58,291 | 0.6 | -2.2 |
| Nifty Midcap 100 | 62,471 | 0.5 | 3.3 |
| Nifty Smallcap 100 | 19,319 | 0.8 | 9.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,823 | 55,625 |
| 100 DMA | 24,086 | 56,302 |
| 200 DMA | 24,865 | 57,236 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 243 | -353,222 |
| DII | 3791 | 485,721 |
Stocks to watch
| Positive Read through | Negative Read through |
| Titan – Reports strong Q1 update with consumer businesses revenue up 41 pct YoY. | Ola Electric – Two insolvency petitions filed against the company at the Bengaluru bench of NCLT |
| Clean Max – Commissions 530 MW of renewable energy capacity in Q1. | Fractal – Ashwath Bhat resigns as CFO with effect from July. |
| Hexaware – Partners with SmartRent for AI-native customer operations and revenue processes. | Jubilant Food – Domino’s India like-for-like growth at 2.5 pct, consolidated revenue up 14 pct YoY. |
| Redington – Receives Frontier Distributor designation under Microsoft AI Cloud Partner Programme | Cochin Shipyard – Government launches OFS to sell up to 5 pct stakes. |
| OMCs / RIL – Saudi Arabia cuts August selling price for Arab Light crude to Asia by USD 11 per barrel. | Blue Jet – Likely to raise up to Rs. 6 bn, indicative issue price at 10 pct discounts to CMP. |
| Apollo Micro – Board approves fund raise of up to Rs. 33.22 bn via preferential issue and warrants. | Trent – Q1 sales growth below estimates, adds one Westside and 19 Zudio stores in Q1. |
| Zen Tech – Becomes India’s largest drone propulsion manufacturer with annual capacity of 3 lakh units. | Varun Bev – Arm to acquire Devyani Food Industries’ Kenya business for USD 32 mn. |
| Kalyan Jewellers – Consolidated sales grows about 38 pct YoY, same-store sales growth around 28 pct. | |
| Jindal Saw – Government extends anti-dumping duty on seamless tubes and pipes till January 2027. | |
| Torrent Pharma / JB Chem – Receives NCLT approval for scheme of amalgamation. | |
| Rites – Bags USD 35 mn order from Volantis for 4,000 diesel-electric locomotives | |
| Info Edge – To commit an additional Rs. 1.80 bn to New Growth-Stage Vehicle B8 Fund I. |
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