Market Commentary
Global markets
US market closed lower on Friday after weak retail sales data. Dow jones closed down by 0.2 pct and Nasdaq closed negative by 0.3 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading green by 1.6 pct. While Nikkei trading flat.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,737 | -0.2 | 11.8 |
| Nasdaq | 26,729 | -0.3 | 15.0 |
| Hang Seng | 25,524 | 1.6 | -0.4 |
| Nikkei | 68,721 | 0.0 | 36.3 |
Commodities
Gold prices remain flat and currently stood at USD 4,392 on softer dollar. On the other hand, oil prices stood at USD 88.85/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,392 | 0.4 |
| Silver ($) | 65.62 | 1.4 |
| Brent Crude ($) | 88.85 | 0.1 |
Indian Indices
India’s equity benchmarks likely to open muted as GIFT Nifty indicates. Benchmark indices extended loses on Friday as extended Middle East conflict pushing oil prices higher.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,009 | -0.1 | -8.5 |
| Nifty | 24,366 | -0.1 | -6.7 |
| Nifty Bank | 57,491 | -0.2 | -3.5 |
| Nifty Midcap 100 | 63,782 | -0.5 | 5.5 |
| Nifty Smallcap 100 | 19,738 | -0.7 | 11.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,085 | 57,335 |
| 100 DMA | 23,881 | 55,880 |
| 200 DMA | 24,730 | 57,473 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 508 | -361,038 |
| DII | 356 | 536,580 |
Stocks to watch
| Positive Read through | Negative Read through |
| M&M – Three new launches over the weekend; BE 6 SporteQ with BaaS available launched. | Cochin Shipyard – Margin slipped 655 bps, EBITDA declined 32 pct YoY |
| Aurobindo Pharma – US FDA issues EIR for North Carolina unit, classifies it as VAI. | Schneider Electric – EBITDA fell 51 pct, margin at 5.2 pct vs 11 pct YoY. |
| PTC Industries – Margin at 25.5 pct vs 9.3 pct, sales jumped 98 pct YoY. | Voltas – Q1 below estimates; EMP business sales declines 27 pct YoY. |
| Kitex Garments – Board approves fund raise of up to Rs. 30 bn via QIP and other modes. | DRL – USFDA issues Form 483 with 4 observations for company’s Hyderabad FTO-3 manufacturing facility. |
| Nibe – Bags Rs. 5.63 bn order from Defence Ministry for supply of loiter munition systems | Embassy REIT – Bain likely to sell up to 5.64 pct stake via block deals, floor price at 5 pct discount to CMP. |
| Reliance – Intends to partner with Rolls-Royce to develop an indigenous combat engine for AMCA. | PB Fintech – Policybazaar gets IRDAI show-cause notice on some observations post inspection |
| Banks – RBI to shut FCNR(B) window early on August 31, 2026. | Borosil – EBITDA down 7.7 pct, margin at 14 pct vs 16 pct YoY. |
| HCG – Arm Advanta acquires Hytech USA for USD 110 mn. | Easy Trip – Posted EBITDA loss vs EBITDA profit, sales up 18 pct YoY. |
| HAL – Partners with Adani Defence and BEML for Prachand LCH fuselage structures. | Zaggle Prepaid – Profit tumbled 33 pct, margin at 7.3 pct vs 9.2 pct YoY. |
| Belrise – Sales up 13 pct, maintains FY27 outlook of mid-teen sales growth. | |
| Juniper Green – Receives SECI LoA for 230 MW FDRE project. | |
| NMDC – Q1 largely in-line with estimates, sales rose 2 pct YoY. | |
| RIL/IOC – Windfall tax on petrol exports cut to zero from Rs. 3.5/litre. | |
| UPL – EBITDA climbed 12 pct, sales increased 28.5 pct YoY. | |
| Turtlemint – Sales up 40 pct, platform premium grew 50 pct YoY. | |
| Physics Wallah – Sales up 24 pct, reported loss narrows YoY. | |
| Puravankara – Pre-sales increased 28 pct, highest Q1 collections in three years. |
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