Market Commentary
Global markets
US market extended rally on Monday driven by strong magnificent 7 performance and cooling oil prices. Dow jones closed green by 1.3 pct while Nasdaq closed positive by 2.1 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.5 pct. While Nikkei trading red by 0.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,183 | 1.3 | 10.7 |
| Nasdaq | 25,913 | 2.1 | 11.5 |
| Hang Seng | 25,871 | -0.5 | 0.9 |
| Nikkei | 63,334 | -0.7 | 25.7 |
Commodities
Gold prices rose and currently stood at USD 4,059 amid Middle East turmoil. On the other hand, oil prices stood at USD 84.91/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,059 | 0.1 |
| Silver ($) | 58.63 | 0.8 |
| Brent Crude ($) | 84.91 | 1.4 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed higher but shown diverge closing as exchanges introduces new closing price mechanism.
Results Today – Bharti Airtel, BSE, Marico, Nykaa, MCX, Castrol, Pidilite Industries.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,639 | 0.7 | -7.7 |
| Nifty | 24,774 | 1.6 | -5.2 |
| Nifty Bank | 58,247 | 1.7 | -2.2 |
| Nifty Midcap 100 | 63,679 | 1.2 | 5.3 |
| Nifty Smallcap 100 | 19,589 | 1.3 | 10.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,926 | 56,731 |
| 100 DMA | 23,815 | 55,684 |
| 200 DMA | 24,776 | 57,454 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 922 | -364,232 |
| DII | 1,571 | 521,098 |
Stocks to watch
| Positive Read through | Negative Read through |
| KEI Industries – Q1 above estimates, margin at 12.4 pct vs 10 pct YoY. | DOMS Industries – EBITDA down 16 pct, margin at 12.3 pct vs 17.6 pct YoY. |
| SBI Funds – Equity AUM grows 2 pct QoQ, continues to be market leader by AUM. | KIMS – Profit fell 47 pct, margin at 18.9 pct vs 22.1 pct YoY. |
| Pine Labs/MobiKwik – Government bill proposes to repeal earlier amendment of zero MDR. | Torrent Power – Margin flat, profit declined 11 pct YoY. |
| Praj Industries – Arms pact with global EPC player for supply of data center components. | Dabur – FSSAI directs company to cease sale of food products carrying misleading 100 pct claims. |
| RBA – EBITDA grew 37.5 pct YoY, reports highest-ever quarterly sales and EBITDA. | Nazara Technologies – CEO resigns, EBITDA tumbled 48 pct YoY. |
| Samhi Hotels – To raise up to Rs. 7.50 bn via equity/debt. | LIC – Government launches OFS to pare up to 6.5 pct stake, floor price at 11 pct discounts to CMP. |
| Stove Kraft – EBITDA jumped 52 pct, margin at 11 pct vs 10.4 pct YoY. | Arvind – Likely to raise up to Rs. 5 bn via QIP, indicative issue price Rs. 505/share. |
| Escorts Kubota – Raises FY27 tractor industry outlook to mid-single-digit growth from marginal growth. | Meesho – Peak XV and Elevation Capital likely to sell 2.3 pct equity via block deals, floor price at Rs. 182/share. |
| GE Shipping – Margin at 66 pct vs 53.5 pct, debt reduced from Rs. 10.5 bn to Rs. 8 bn YoY. | DLF – Pre-sales dropped 83 pct QoQ, no new launches during the quarter. |
| Piramal Pharma – Resumes operations at Sanand unit after flooding. | Texmaco Rail – EBITDA fell 19.6 pct, margin flat at 8 pct YoY. |
| Gulf Oil Lubricants – EBITDA up 35 pct, margin expanded 20 bps YoY. | Paytm – SAIF Partners likely to further trim holding, floor price at 5 pct discounts to CMP. |
| IREDA – NII increased 24 pct, PPoP rose 24 pct YoY. | |
| Thomas Cook – EBITDA up 35 pct, margin at 5.02 pct vs 3.76 pct YoY. | |
| Ganesha Eco – EBITDA jumped 66 pct, margin at 14 pct vs 11 pct YoY. | |
| KEC International – Won order worth of Rs. 10.63 bn. |
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