Market Commentary
Global markets
US market closed negative on Monday as rising West Asia developments pushed Oil and Yields higher. Dow Jones closed down by 0.3 pct. While Nasdaq closed lower by 1.6 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.7 pct. While Nikkei trading red by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,504 | -0.3 | 9.2 |
| Nasdaq | 25,873 | -1.6 | 11.3 |
| Hang Seng | 24,050 | -0.7 | -6.2 |
| Nikkei | 66,678 | -0.8 | 32.3 |
Commodities
Gold prices rose and currently stood at USD 4,015 amid rising yields. On the other hand, oil prices stood at USD 84.56/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,015 | 0.3 |
| Silver ($) | 57.55 | -0.1 |
| Brent Crude ($) | 84.56 | 1.5 |
Indian Indices
India’s equity benchmarks likely to open gap down as GIFT Nifty indicates. Benchmark indices closed flat on Monday over renewed escalation in Middle East.
Results Today – Tata Elxsi
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,616 | 0.1 | -8.9 |
| Nifty | 24,211 | 0.0 | -7.3 |
| Nifty Bank | 58,131 | 0.1 | -2.4 |
| Nifty Midcap 100 | 63,040 | 0.0 | 4.2 |
| Nifty Smallcap 100 | 19,422 | 0.0 | 9.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,830 | 55,804 |
| 100 DMA | 24,002 | 56,164 |
| 200 DMA | 24,840 | 57,303 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3203 | -351,822 |
| DII | 2717 | 492,377 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bel – Received orders worth Rs. 5.72 bn since the last disclosure. | OMCs/Paint Cos – Crude oil prices above USD 84/bbl, increasing input cost pressure. |
| HCLTech – CC sales declined 0.5 pct QoQ against estimates of a 1 pct decline; guidance maintained | Grasim – AB Renewables to acquire Shell’s India renewable energy arm at an EV of USD 1.8 bn. |
| ONGC – Crude oil prices up over 9 pct to above USD 84/bbl. | Biocon – Mylan likely to sell its entire 5.64 pct stake via block deals at an 8 pct discount to CMP |
| Welspun Ent – Signed a sub-concession agreement with MSIDC and the Maharashtra Government for a Rs. 73 bn project. | Vedanta/NMDC – Supreme Court rejected the challenge to mining rules requiring payment of royalty on royalty. |
| Emcure – To acquire the remaining 12 pct stake in Gennova for Rs. 2.32 bn | Alkem Laboratories – US FDA issued a warning letter to the clinical investigator at its bioequivalence unit. |
| Timken – Received BIS licences for two product categories across two manufacturing facilities. | |
| Route Mobile – Signed a business transfer agreement to acquire Heltar Tech’s AI-driven customer engagement business. | |
| NHPC – Resumed operations at Teesta-V Units 1 & 2 after synchronization with the grid. | |
| ICICI Prudential AMC – Q1 results were in line with estimates; mark-to-market gains supported Profit. | |
| PDS – Signed a multi-year sourcing partnership with a French retailer. | |
| EMS Ltd – Declared the lowest bidder for a Rs. 1.06 bn UP Jal Nigam project. | |
| Zee Ent – Received RBI approval to repay USD 23.9 mn FCCBs. | |
| Nuvoco – EBITDA increased 10 pct; revenue grew 9 pct YoY. |
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