Market Commentary
Global markets
US market closed lower on Thursday, over higher oil price and weak Tesla and Alphabet results. Dow Jones closed down by 1 pct while Nasdaq negative by 2.2 pct.
Asian markets
Asian markets trading negative in the early morning trade. Hang Seng trading lower by 1.4 pct. While Nikkei trading red by 2.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,717 | -1.0 | 7.6 |
| Nasdaq | 25,137 | -2.2 | 8.2 |
| Hang Seng | 24,852 | -1.4 | -3.0 |
| Nikkei | 64,568 | -2.8 | 28.1 |
Commodities
Gold prices fell and currently stood at USD 4,032 over stronger Dollar. On the other hand, oil prices stood at USD 100/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,032 | -0.4 |
| Silver ($) | 57.35 | -0.5 |
| Brent Crude ($) | 101.00 | 0.0 |
Indian Indices
India’s equity benchmarks likely to open gap down as GIFT Nifty indicates. Benchmark indices continued loses on Thursday, as escalating geopolitical developments pushing oil prices higher.
Results Today – NTPC, Shriram Finance, Hindustan Zinc, Ramkrishna Forgings, CG Power, Tata Consumer Products
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,391 | -0.5 | -10.4 |
| Nifty | 23,869 | -0.5 | -8.6 |
| Nifty Bank | 56,592 | -0.9 | -5.0 |
| Nifty Midcap 100 | 61,685 | -1.0 | 2.0 |
| Nifty Smallcap 100 | 18,936 | -1.0 | 6.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,843 | 56,227 |
| 100 DMA | 23,877 | 55,894 |
| 200 DMA | 24,802 | 57,402 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2999 | -361,169 |
| DII | 2947 | 503,198 |
Stocks to watch
| Positive Read through | Negative Read through |
| Sona BLW – Q1 earnings in line with estimates, sales jumped 52 pct YoY. | Go Digit – Weak Q1 as loss ratios and combined ratio worsen. |
| ONGC – Brent crude crossed USD 100/bbl, positive for upstream oil producers. | OMCs / Paint Cos – Brent crude above USD 100/bbl increases input cost concerns. |
| Mphasis – Maintains FY27 sales and margin guidance, sales beats estimates. | Route Mobile – EBIT declined 23 pct, margin fell to 7 pct from 10 pct QoQ. |
| Fractal – Sales up 20 pct YoY, communication business sales grew 9 pct YoY. | Indigo – Q1 results weaker than estimates; reported loss versus profit last year. |
| Thyrocare – EBITDA increased 33.8 pct, margin improved to 32 pct from 30 pct YoY. | Orient Cement – EBITDA declined 21 pct, sales fell 30 pct YoY. |
| Textiles/Seafood – US reduces proposed tariff on Indian exports to 10 pct Vs earlier 12.5 pct. | Niit Learning – Margin contracted to 16.4 pct from 20 pct, EBITDA up only 2.8 pct YoY |
| Sagility India/Bank of Maharashtra/Ather Energy – Included in the F&O segment effective August 2026. | Shadowfax – Existing investors, including Flipkart and Eight Roads, likely to sell up to 14.2 pct equity via block deals. |
| Motilal Oswal – Operating profit up 14 pct, total AUM rose 31 pct YoY | Allied Blenders – Margin slipped to 11.8 pct from 12.0 pct, profit down 18.6 pct YoY. |
| Adani Ent – Denies media reports suggesting the company is planning to launch an airline | Spandana – AUM declined 1.4 pct YoY, disbursements decline QoQ. |
| Cyient – Margin expanded for the 4th consecutive quarter, communication business sales up 9 pct YoY. | Infosys – Appoints a new CEO and lowers the upper end of FY27 communication business sales growth guidance. |
| Swiggy – Board approves capping foreign shareholding at 49.5 pct | |
| Fineotex – EBITDA increased to Rs. 595 mn from Rs. 250 mn; margin at 15.8 pct vs 18.0 pct YoY. | |
| Capital SFB – NIM improves to 4.2 pct from 4.1 pct QoQ, asset quality strengthens | |
| IEX – EBITDA up 13.5 pct YoY, margin expands to 83.0 pct from 81.4 pct. | |
| IGL – EBITDA up 29.8 pct, margin expanded to 60.5 pct from 57.5 pct YoY. | |
| Meesho – Sales jumped 48.3 pct, loss narrows YoY. |
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