Market Commentary
Global markets
US market closed mixed as US-Iran tension ignites. Dow Jones closed down by 1.1 pct. While Nasdaq closed higher by 0.2 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading lower by 0.4 pct. While Nikkei trading green by 2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,353 | -1.1 | 8.9 |
| Nasdaq | 25,870 | 0.2 | 11.3 |
| Hang Seng | 24,091 | -0.4 | -6.0 |
| Nikkei | 68,180 | 2.0 | 35.3 |
Commodities
Gold prices fell and currently stood at USD 4,066 as Mideast hostilities revive inflation concerns. On the other hand, oil prices stood at USD 79.06/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,066 | -0.2 |
| Silver ($) | 57.88 | -0.7 |
| Brent Crude ($) | 79.06 | -0.5 |
Indian Indices
India’s equity benchmarks likely to open positive as GIFT Nifty indicates. Benchmark indices extended losses on Wednesday, triggered by fresh war related developments and soaring oil prices.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,503 | -2.1 | -10.2 |
| Nifty | 23,882 | -2.1 | -8.6 |
| Nifty Bank | 56,742 | -2.5 | -4.8 |
| Nifty Midcap 100 | 61,322 | -1.5 | 1.4 |
| Nifty Smallcap 100 | 18,783 | -2.2 | 6.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,828 | 55,678 |
| 100 DMA | 24,055 | 56,251 |
| 200 DMA | 24,856 | 57,264 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1962 | -350,866 |
| DII | 790 | 486,128 |
Stocks to watch
| Positive Read through | Negative Read through |
| TVS Motor – Partners with Indian Oil Corporation to strengthen last-mile LPG cylinder distribution. | IT Sector / Cognizant – US investigates alleged H-1B visa fraud; Cognizant under scrutiny. |
| Mahindra & Mahindra – Hikes commercial vehicle and SUV prices by up to 2.7 pct effective July 10 | AWHCL – Serious incident reported at its Pune unit with individuals trapped under debris |
| Tata Steel – India business Q1 production at 5.82 MT vs 5.23 MT; deliveries grew 8.8 pct YoY. | Graphite India – To discontinue and close operations of its specialties and coating divisions in Germany. |
| United Spirits – Receives excise department approval to transfer the excise licence of its Malkajgiri, Hyderabad unit. | Tanfac Industries – Reduces proposed preferential issue size to Rs. 994 mn under revised EoI from promoter. |
| Ventive Hospitality – To acquire 420 acres of resort property in the Mumbai Metropolitan Region. | |
| NSDL – Receives SEBI approval for additional investment of up to Rs. 200 bn in arm IIBH. | |
| S H Kelkar – Q1 sales rose 13.7 pct YoY to Rs. 6.60 bn; gross margins remain stable. | |
| Reliance Ind/Exide Ind/ Amara Raja – Government exempts customs duty on goods used for lithium-ion cell manufacturing. | |
| SBIN – To sell 6.3 pct stake in SBI Mutual Fund IPO for Rs. 73 bn; IPO price band fixed at Rs. 545-574/share. | |
| Phoenix Mills – Q1 consumption up 32 pct YoY; occupancy levels improve to 72 pct. | |
| Nalco / NLC India – Sign JV agreement to develop a 1,080 MW coal-based power plant in Odisha | |
| JSW Energy – Commissions 1,081 MW renewable energy capacity since April 2026. | |
| Kalpataru – Board approves merger of Kalpataru Hills with Kalpataru Properties. | |
| Dixon Tech/Amber Ent – Government exempts customs duty on goods used for display assemblies manufacturing. | |
| IRB Infrastructure – June 2026 toll collections rose 28 pct YoY to Rs. 8.08 bn. |
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