Market Commentary
Global markets
US market closed mixed on Monday as Oil falls on US-Iran strike pause. Dow Jones closed up by 0.5 pct and Nasdaq closed negative by 0.2 pct.
Asian markets
Asian markets trading positive in the early morning trade. Hang Seng trading higher by 1 pct. While Nikkei trading green by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,215 | 0.5 | 8.6 |
| Nasdaq | 24,932 | -0.2 | 7.3 |
| Hang Seng | 25,073 | 1.0 | -1.7 |
| Nikkei | 64,046 | 0.5 | 28.8 |
Commodities
Gold prices fell and currently stood at USD 4,044 ahead of Fed rate decision. On the other hand, oil prices stood at USD 84.23/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,044 | -0.8 |
| Silver ($) | 57.25 | -1.9 |
| Brent Crude ($) | 84.23 | -1.4 |
Indian Indices
India’s equity benchmarks likely to open muted as GIFT Nifty indicates. Benchmark indices rebounded on Monday, driven by earning optimism and lower oil prices.
Results Today – LT, HUL, Varun Beverages, Radico Khaitan, Tata Capital, Ambuja Cements.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,835 | 1.0 | -9.8 |
| Nifty | 23,995 | 1.0 | -8.2 |
| Nifty Bank | 57,087 | 0.7 | -4.2 |
| Nifty Midcap 100 | 62,303 | 1.1 | 3.0 |
| Nifty Smallcap 100 | 19,122 | 1.3 | 8.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,856 | 56,352 |
| 100 DMA | 23,846 | 55,812 |
| 200 DMA | 24,794 | 57,422 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,688 | -366,750 |
| DII | 2,323 | 510,981 |
Stocks to watch
| Positive Read through | Negative Read through |
| BEL – Q1 results beat estimates, with sales increased 25 pct YoY. | Tata Chemicals – EBITDA declined 14.5 pct, with margin contracting to 13 pct from 17.5 pct YoY. |
| CCL Products – EBITDA jumped 22 pct, with margin improving to 16.1 pct from 15.1 pct YoY. | Godfrey Phillips – EBITDA fell 46 pct, with margin slipped to 15.1 pct from 22.7 pct YoY. |
| Tata Power – Q1FY27 beat estimates, backed by strong growth in the solar cell & module business. | Aurionpro – EBITDA declined 10 pct, with margin reducing to 17 pct from 20.2 pct YoY. |
| Hindalco – Novelis raises USD 500 mn through short-term unsecured debt. | HDFC Bank – CEO, CFO and Retail Head issued warning and fined Rs. 1 lakh each in the MSRDC case after regulatory review. |
| Capri Global – Total AUM jumped 62 pct YoY, while NII increased 78.5 pct YoY. | Coal India – Q1 results below estimates due to lower-than-expected e-auction volume. |
| Gravita India – Sales rose 42 pct YoY, while EBITDA increased 9 pct. | Tata Motors PV – Sanand plant operations disrupted due to heavy rains. |
| Sun Pharma – Partner Philogen resubmits marketing approval application for Nidlegy to the European Medicines Agency (EMA). | Meesho – Elevation Capital likely to sell stake through block deals, seeking to raise ~Rs. 12 bn |
| Zaggle – Signs a three-year agreement with Daimler India Commercial Vehicles. | Indus Towers – EBITDA margin declined to 53.6 pct from 55 pct QoQ, while profit fell 2.6 pct. |
| Tilaknagar Ind – Strong sales growth driven by the acquisition of Imperial Blue | |
| Happiest Minds – CC sales grows 2.6 pct QoQ, while dollar sales grew 1.8 pct QoQ. | |
| Coforge – Strong Q1 performance; overall organic CC sales growth at 1.1 pct QoQ. | |
| Cipla – Gets USFDA approval for generic Advair Diskus with a market size of ~USD 908 mn. | |
| Aeroflex – Sales increased 72.5 pct, with margin expanded to 23 pct from 19 pct YoY. | |
| Supreme Petrochem – Sales grew 22 pct, while margin expanded to 19.4 pct from 8.3 pct YoY. | |
| Balaji Amines – Sales increased 27.4 pct, while margin expanded to 25.5 pct from 15.3 pct YoY. | |
| Tejas Networks – EBITDA loss narrows, while sales jumped 99 pct YoY. | |
| Goodluck India – Receives DGQA quality assurance certificate for artillery shells. |
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