Market Commentary
Global markets
US market closed negative on Thursday due higher oil prices, further rising yield added more pressure. Dow jones closed red by 0.9 pct and Nasdaq closed lower by 0.1 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 0.1 pct. While Nikkei trading red by 1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,890 | -0.9 | 12.1 |
| Nasdaq | 26,348 | -0.1 | 13.4 |
| Hang Seng | 25,543 | 0.1 | -0.4 |
| Nikkei | 65,038 | -1.0 | 29.0 |
Commodities
Gold prices rose and currently stood at USD 4,255 amid Hormuz tension. On the other hand, oil prices stood at USD 83.31/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,255 | 0.4 |
| Silver ($) | 62.21 | 1.2 |
| Brent Crude ($) | 83.31 | 0.3 |
Indian Indices
India’s equity benchmarks likely to open lower as GIFT Nifty indicates. Benchmark indices closed higher on Thursday over stable oil prices and strong earnings.
Results Today – SBI, Titan, Hindalco, Hitachi Energy, PFC, Azad Engineering.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,954 | 0.5 | -7.4 |
| Nifty | 24,636 | 0.0 | -5.7 |
| Nifty Bank | 58,036 | 0.5 | -2.6 |
| Nifty Midcap 100 | 63,326 | -0.4 | 4.7 |
| Nifty Smallcap 100 | 19,878 | 0.5 | 12.2 |
| 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 | -17 | -362,747 |
| DII | 4,013 | 527,058 |
Stocks to watch
| Positive Read through | Negative Read through |
| CESC – Gets LoA from SECI to purchase 175 MW wind power at Rs. 3.85/KWh for 25 years. | NBFCs – RBI proposes to bar most NBFCs from offering revolving credit facilities. |
| Britannia – Q1 sales in-line with estimates, management commentary positive. | |
| Coal India – Wins iron ore block in Odisha with 288 MT resource. | |
| Bharti Airtel – Nxtra Data to acquire 85 pct stake in Rochak Systems for data center business | |
| Interarch – Board approves stock split and fund raise of up to Rs. 2.5 bn via QIP. | |
| Muthoot Micro – Disbursement grew 49 pct YoY, credit cost below guided range at 2.6 pct. | |
| Vijaya Diagnostics – EBITDA increased 30.4 pct, margin at 42.7 pct vs 39.1 pct YoY. | |
| Finolex Ind – EBITDA up 13.9 pct, margin at 12.1 pct vs 9 pct YoY. | |
| Bosch Home – EBITDA up 12 pct, sales rose 28.5 pct YoY. | |
| IFB Ind – EBITDA jumped 41.5 pct, margin at 5.64 pct vs 4.72 pct YoY. | |
| PG Electroplast – Q1 sales above estimates, up 35 pct YoY. | |
| Infosys – Signs 10-year agreement with Crocs to use AI to modernise its IT systems. | |
| Hero Moto – Q1 margin better than estimates, EBITDA climbed 25 pct YoY. | |
| Crompton – Q1 in-line with estimates, margin expanded 20 bps YoY. | |
| Siemens Energy – Q3 above estimates, EBITDA jumped 72.3 pct YoY. | |
| Premier Energies – Q1 above estimates, EBITDA grew 30.2 pct YoY. | |
| Fortis Health – Sales up 17.5 pct, EBITDA rises 9.5 pct YoY. |
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