Market Commentary
Global markets
US market climbed higher on Friday after US jobs data eases rate hike fears. Dow jones closed green by 0.3 pct and Nasdaq closed positive by 1.3 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading positive by 0.7 pct. While Nikkei trading green by 2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 54,042 | 0.3 | 12.4 |
| Nasdaq | 26,690 | 1.3 | 14.8 |
| Hang Seng | 25,846 | 0.7 | 0.8 |
| Nikkei | 66,931 | 2.0 | 32.8 |
Commodities
Gold prices fell and currently stood at USD 4,318 after US jobs report. On the other hand, oil prices stood at USD 84.31/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,318 | -0.5 |
| Silver ($) | 63.35 | -0.3 |
| Brent Crude ($) | 84.31 | 2.3 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed lower on Friday pressured by financial stocks post RBI draft proposal on ban on revolving credit lines by NBFCs.
Results Today – Vodafone Idea, Bosch, Bharat Forge, Hindustan Copper, KPR mill, KEC, Sun Pharma, AWHCL.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,499 | -0.6 | -7.9 |
| Nifty | 24,570 | -0.3 | -6.0 |
| Nifty Bank | 57,746 | -0.5 | -3.1 |
| Nifty Midcap 100 | 63,463 | 0.2 | 4.9 |
| Nifty Smallcap 100 | 19,867 | -0.1 | 12.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,983 | 56,974 |
| 100 DMA | 23,834 | 55,734 |
| 200 DMA | 24,763 | 57,479 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 480 | -362,266 |
| DII | 235 | 527,294 |
Stocks to watch
| Positive Read through | Negative Read through |
| Titan – Posted strong Q1, above estimates, jewellery business SSSG at 33 pct YoY | Ola Elec – Auditor raises red flag, sales tumbled 45 pct YoY |
| Hitachi Energy – Margin expanded 400 bps YoY, order inflow up 26 pct YoY | Afcons – EBITDA dropped 42 pct, margin at 9.4 pct vs 13 pct YoY |
| Apollo Micro – Sales jumped 88 pct YoY, margin under pressure on a high base | Godawari Power – Margin at 19.06 pct vs 24.49 pct, EBITDA up 2.9 pct YoY |
| Anant Raj – Margin at 29.1 pct vs 25.4 pct YoY, EBITDA up 22 pct YoY | Delhivery – Margin at 4.8 pct vs 6.5 pct, profit fell 65 pct YoY |
| Signature Global – Arm enters collaboration agreements for land parcels in Sohna, Gurugram | Medi Assist – Margin at 20.2 pct vs 22.2 pct, sales increased 24 pct YoY |
| Emcure Pharma – US FDA classifies Sanand formulations unit as VIA, issues EIR | Advanced Enzyme – EBITDA down 9.6 pct YoY, board approves share buyback |
| Juniper Green – Wins bid for SECI 230 MW round-the-clock renewable energy | PFC – NII down 4.3 pct, NIM at 3.55 pct vs 3.83 pct QoQ |
| Azad Engg – EBITDA climbed 31 pct, margin at 37.28 pct vs 35.84 pct YoY | Cello World – EBITDA down 8.5 pct, margin at 19 pct vs 20.5 pct YoY |
| Gland Ph – CDMO partnership with a global pharma company, sales potential of USD 90-100 mn | AB Fashion – Reported loss vs profit, margin at 5.78 pct vs 6.10 pct YoY |
| Lemon Tree – EBITDA up 6 pct, margin at 43.4 pct vs 44.5 pct YoY | HBL Engg – EBITDA declined 23.5 pct, margin at 23 pct vs 31.9 pct YoY |
| Kaynes Tech – Sales and margin beat polls, order book grew 20 pct YoY | Inox Wind – Margin at 18.7 pct vs 22.2 pct, EBITDA fell 17 pct YoY |
| Greenpanel Ind – Posted profit vs loss, sales up 6.6 pct YoY | |
| Akums Drugs – EBITDA up 35.5 pct, margin at 14.97 pct vs 12.6 pct YoY | |
| Nitin Spinners – EBITDA increased 40 pct, margin at 17.7 pct vs 14 pct YoY | |
| NMDC – Cuts prices of lumps and fines ores from Aug 8 | |
| Atul Auto – EBITDA jumped 69 pct, margin at 7.72 pct vs 6.55 pct YoY | |
| NLC India – Margin at 31.20 pct vs 24.43 pct, EBITDA up 57.4 pct YoY |
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