Market Commentary
Global markets
US market closed mixed on Wednesday on easing oil prices while SpaceX and AMD dragged Nasdaq. Dow jones closed green by 0.5 pct and Nasdaq closed lower by 0.8 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 1.7 pct. While Nikkei trading red by 1.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 54,354 | 0.5 | 13.1 |
| Nasdaq | 26,363 | -0.8 | 13.4 |
| Hang Seng | 25,476 | -1.7 | -0.6 |
| Nikkei | 65,266 | -1.6 | 29.5 |
Commodities
Gold prices rose and currently stood at USD 4,278 on Strait of Hormuz reopening hopes. On the other hand, oil prices stood at USD 79.76/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,278 | 0.7 |
| Silver ($) | 62.31 | 0.4 |
| Brent Crude ($) | 79.76 | 0.4 |
Indian Indices
India’s equity benchmarks likely to open higher as GIFT Nifty indicates. Benchmark indices closed higher on Wednesday after RBI rate pause while uptick in oil prices capped gains.
Results Today – Trent, Britannia, Hero Motocorp, Lupin, P&G, SJS Ent, Transrail, Interarch
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,581 | 0.2 | -7.8 |
| Nifty | 24,624 | 0.0 | -5.8 |
| Nifty Bank | 57,739 | -0.3 | -3.1 |
| Nifty Midcap 100 | 63,605 | 0.2 | 5.2 |
| Nifty Smallcap 100 | 19,783 | 0.8 | 11.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,956 | 56,857 |
| 100 DMA | 23,823 | 55,702 |
| 200 DMA | 24,769 | 57,466 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -943 | -362,729 |
| DII | 2883 | 523,045 |
Stocks to watch
| Positive Read through | Negative Read through |
| Aurobindo Pharma – Q1 largely in line with estimates, Europe business growth at 27.2 pct YoY. | GE Vernova T&D India – Lowest margin level since Q4FY25, order inflow down 30 pct YoY. |
| Navin Fluorine – Posted strong Q1, EBITDA jumped 73 pct YoY. | Cummins India – Margin at lowest level in 10 quarters, MD resigns. |
| Tenneco – EBITDA up 7.8 pct, sales increased 20.2 pct YoY. | IMFA – Receives SEBI warning over insider trading by mid-management. |
| Brigade Hotel Ventures – RevPAR up 9 pct YoY, EBITDA grew 9 pct YoY. | GMM Pfaudler – EBITDA fell 7 pct, margin at 10.1 pct vs 12.7 pct YoY. |
| Garware Technical Fibres – EBITDA and sales each rose 31 pct YoY. | Cohance Lifesciences – Sales declined 23 pct, EBITDA down 99 pct YoY. |
| CONCOR – Container train operators can operate across all routes with a single licence. | Power Grid – Q1 below estimates, sales up 2.7 pct YoY. |
| PB Fintech – Insurance premium grows 41 pct, core lending disbursal up 33 pct YoY. | GNFC – EBITDA down 18.5 pct, margin at 17.6 pct vs 21.8 pct YoY. |
| Hindalco – Novelis Q1 adjusted operational performance beats estimates, volumes above estimates. | JK Lakshmi Cement – EBITDA dropped 17 pct, margin at 13.6 pct vs 17.9 pct YoY. |
| Aster DM Healthcare – EBITDA climbed 27.5 pct, sales rose 22 pct YoY. | eClerx Services – Margin slipped 330 bps, EBIT declined 11 pct QoQ. |
| Biocon – Biosimilar sales up 16 pct YoY, profit jumped 53.4 pct YoY. | |
| Kolte-Patil – Signs six society redevelopment projects in Mumbai with GDV of Rs. 60 bn. | |
| RMC Switchgears – Bags underground cabling project orders worth Rs. 3.34 bn. | |
| Bikaji Foods – Sales up 12.5 pct, ethnic snacks business sales up 11.4 pct YoY. | |
| Aegis Vopak Terminals – EBITDA grew 16.5 pct, margin at 77 pct vs 74.5 pct YoY. | |
| Neuland Labs – Margin at 34.7 pct vs 11.8 pct YoY, signs long-term CDMO partnership with Gland Pharma. | |
| STL – Received USD 210 mn order from a telecom infrastructure player for CY27–29. | |
| Tata Motors PV – AstraZeneca and JLR to benefit as the UK expands the Research Visa Program: |
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