Market Commentary
Global markets
US market closed higher on Thursday driven by chip stocks after Microsoft result. Dow jones closed green by 1.2 pct while Nasdaq closed positive by 2.8 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading muted by 0.2 pct. While Nikkei trading green by 4.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,213 | 1.2 | 8.6 |
| Nasdaq | 25,122 | 2.8 | 8.1 |
| Hang Seng | 25,909 | 0.2 | 1.1 |
| Nikkei | 64,572 | 4.4 | 28.1 |
Commodities
Gold prices fell and currently stood at USD 4,073 on profit booking. On the other hand, oil prices stood at USD 85.82/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,073 | -0.7 |
| Silver ($) | 58.39 | -1.0 |
| Brent Crude ($) | 85.82 | -1.3 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices extended gains on Thursday led by Auto sector while higher Oil prices capped gains.
Results Today – Sun Pharma, Maruti Suzuki, ITC, ABB, National Aluminium, NH, Cleanmax, Kirlosbros
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,928 | 0.4 | -8.6 |
| Nifty | 24,317 | 0.3 | -6.9 |
| Nifty Bank | 57,147 | -0.1 | -4.1 |
| Nifty Midcap 100 | 62,641 | -0.4 | 3.6 |
| Nifty Smallcap 100 | 19,254 | -0.6 | 8.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,889 | 56,560 |
| 100 DMA | 23,816 | 55,706 |
| 200 DMA | 24,781 | 57,437 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,864 | -364,876 |
| DII | 3,623 | 517,266 |
Stocks to watch
| Positive Read through | Negative Read through |
| GRSE – Secured an order worth Rs. 10.32 bn from ONGC to build four platform supply vessels. | Aarti Ind – Zone IV expansion and chlorotoluene projects delayed by 4-6 months |
| Mazagon Dock – EBITDA increased 48 pct YoY, with margin expanded by 369 bps. | Swiggy – Q1 results was below estimates, with GOV growth of 17.4 pct against expectations of 18–19 pct |
| Bajaj Finance – FY27 growth momentum remains intact, earning likely to be after Q2FY27 | Data Patterns – EBITDA declined 2.2 pct YoY, with EBITDA margin slipped to 27.0 pct from 32.3 pct. |
| Hyundai – Maintained FY27 volume growth/EBITDA margin guidance of 8-10 pct/11-14 pct. | NSDL – EBITDA declined 3 pct, while EBITDA margin contracted by 300 bps QoQ. |
| Tata Steel – India EBITDA/t reached a 16-quarter high, Q1 performance was in line with estimates. | Indegene – EBITDA margin declined to 16.4 pct from 20.4 pct, despite rising EBITDA 12 pct YoY. |
| Navin Fluorine – Signed an agreement with DRDO for a defence chemical project. | LIC HF – NIM moderated to 2.6 pct from 2.7 pct, while disbursements increased 14.5 pct YoY. |
| Pricol – EBITDA increased 26 pct YoY, while sales rose 23.5 pct. | Thermax – Q1 results were below estimates, with EBITDA declining 68 pct YoY. |
| Astra Microwave – Received an order worth Rs. 22.05 bn from HAL for the Uttam radar project. | Nucleus Software – EBITDA margin fell to its lowest level since Q1FY22, sales declined 3.5 pct YoY. |
| AWL Agri – EBITDA increased 89 pct YoY, with EBITDA margin improving to 3.5 pct from 2.1 pct. | PN Gadgil – Likely to raise up to Rs. 7 bn through a QIP at an issue price of about ~9 pct discount CMP |
| Torrent Pharma – EBITDA jumped 61 pct YoY, while EBITDA margin improved to 33.8 pct from 32.5 pct. | |
| Global Health – EBITDA increased 26 pct YoY, while sales rose 26.5 pct. | |
| Apar Ind – Shareholders approved fund raising of up to Rs. 25 bn through the issuance of securities. | |
| GNG Elec – EBITDA increased 53 pct YoY, with EBITDA margin improved to 12 pct Vs. 10.3 pct. | |
| Rainbow Children’s Medicare – EBITDA increased 30 pct YoY, with sales grew 33 pct. | |
| JBM Auto – EBITDA increased 17 pct YoY, while sales up 15 pct. | |
| Filatex India – EBITDA increased 15 pct YoY, while sales rose 9.2 pct. | |
| Nuvama Wealth – Profit increased 16 pct YoY, while sales up 13 pct. |
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