Market Commentary
Global markets
US market closed negative on Monday over fading hopes of Hormuz deal. Dow jones closed red by 0.1 pct and Nasdaq closed muted by 0.3 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.5 pct. While Nikkei closed up by 2.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,981 | -0.1 | 12.3 |
| Nasdaq | 26,605 | -0.3 | 14.5 |
| Hang Seng | 25,804 | -0.5 | 0.7 |
| Nikkei | 66,970 | 2.1 | 32.9 |
Commodities
Gold prices rose and currently stood at USD 4,413 ahead of US inflation data. On the other hand, oil prices stood at USD 87.93/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,413 | 0.5 |
| Silver ($) | 65.82 | 0.1 |
| Brent Crude ($) | 87.93 | 0.1 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed flat on Monday over resilient earnings while higher oil prices kept pressure on Indices.
Results Today – Siemens, MRF, PI Industries, Bata, Techno Electric Engineering, Landmark Cars
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,542 | 0.1 | -7.8 |
| Nifty | 24,583 | 0.1 | -5.9 |
| Nifty Bank | 57,686 | -0.1 | -3.2 |
| Nifty Midcap 100 | 63,855 | 0.6 | 5.6 |
| Nifty Smallcap 100 | 19,813 | -0.3 | 11.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,004 | 57,043 |
| 100 DMA | 23,843 | 55,759 |
| 200 DMA | 24,758 | 57,480 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1974 | -360,292 |
| DII | -1290 | 526,004 |
Stocks to watch
| Positive Read through | Negative Read through |
| ICICI Pru AMC – To acquire ICICI Sec’s Rs. 29.1 bn PMS business at 1.2 pct of AUM | KEC Intl – Sales flat, margin at 5.8 pct vs 7 pct YoY |
| BEL – Bags orders worth Rs. 5.41 bn since last disclosure | Antony Waste – EBITDA fell 32 pct, margin at 14.2 pct vs 22 pct YoY |
| BSE – To be included in Nifty 50 index w.e.f. September 30 | Dilip Buildcon – To sell 2 SPVs with project outlay of Rs. 84 bn, profit declined 51 pct YoY |
| Voda Idea – Adds subscribers in quarter for the first time since merger, ARPU up 1.7 pct QoQ | Bombay Dyeing – Profit tumbled 49 pct, sales slipped 9 pct YoY |
| Aegis Logistics – Commissions 36,000-tonne ammonia terminal at Pipavav Port | Apar Ind – Likely to raise up to Rs. 25 bn via QIP, indicates issue price at 10 pct discount to CMP |
| Precision Wires – EBITDA up 43.6 pct, sales jumped 60.4 pct YoY | Zee Ent – Ad sales down 11 pct, margin at 4.1 pct vs 12.5 pct YoY |
| Ather/Ola – E-2W subsidy extended till March 31, 2028, reduced to maximum Rs. 5,000 per vehicle | Wipro – To be excluded from Nifty 50 index w.e.f. September 30 |
| CMS Info – EBITDA grew 7 pct, margin at 26.6 pct vs 25.2 pct YoY | Triveni Turbine – EBITDA dropped 29.5 pct, margin at 12 pct vs 20 pct YoY |
| Capri Global – Company exploring USD 450-550 mn fund raise via issue of shares, as per reports | Jubilant Pharmova – EBITDA down 14.4 pct, margin at 11.1 pct vs 15.2 pct YoY |
| Zen Technologies – Bags Rs. 2.95 bn order for simulators | |
| Lupin – Gets US FDA nod for hyperkalemia ANDA drug with market size of USD 568 mn | |
| JSW Energy – Adds 1,166 MW renewable and 300 MW thermal capacity since April | |
| Jupiter Wagons – Bags orders worth Rs. 2.11 bn | |
| Texmaco – Signs MoU with signalling company for ETCS solution including Kavach deployment | |
| PC Jeweller – EBITDA grew 90 pct, margin at 27.5 pct vs 17.6 pct YoY | |
| Gland Ph – EBITDA rose 33 pct, US biosimilar sales up 32 pct YoY | |
| Bosch – EBITDA up 28.4 pct, margin at 14.1 pct vs 13.4 pct YoY |
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