Market Commentary
Global markets
US market closed green on Friday as surging Bitcoin and crypto stocks lifted sentiment. Dow jones closed up by 1 pct and Nasdaq rose by 0.4 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 2.1 pct. While Nikkei trading down by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,282 | 1.0 | 10.9 |
| Nasdaq | 26,180 | 0.4 | 12.6 |
| Hang Seng | 25,462 | -2.1 | -0.7 |
| Nikkei | 65,968 | -0.1 | 30.9 |
Commodities
Gold prices rose and currently stood at USD 4,640 ahead of US inflation data. On the other hand, oil prices stood at USD 91.34/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,640 | 0.8 |
| Silver ($) | 68.93 | 0.0 |
| Brent Crude ($) | 91.34 | -2.4 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed flat on Friday as higher oil prices and uptick in bond yield hurting investors sentiments.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,540 | 0.0 | -9.0 |
| Nifty | 24,252 | 0.1 | -7.2 |
| Nifty Bank | 57,761 | 0.5 | -3.1 |
| Nifty Midcap 100 | 63,735 | 0.1 | 5.4 |
| Nifty Smallcap 100 | 19,977 | 0.7 | 12.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,182 | 57,600 |
| 100 DMA | 23,942 | 56,107 |
| 200 DMA | 24,687 | 57,457 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -542 | -362,640 |
| DII | 2124 | 553,932 |
Stocks to watch
| Positive Read through | Negative Read through |
| Power Grid – Gets LoI for transmission system project, discovered tariff Rs. 8.23 bn/Annum. | Aurobindo Pharma – USFDA issues 1 observation for peptides unit in telangana. |
| Dixon/Kaynes/ Syrma SGS – Government notifies new Rs. 625 bn mobile manufacturing PLI 2.0. | Caplin Point – USFDA issues form 483 with 10 observations for Steriles & Ophthalmic unit. |
| NTPC Green Energy – Wins 500 MW Capacity In SECI’s 6,000 MW Assured Peak Power Tender. | Natco Pharma – USFDA issues form 483 with 4 observations for API unit. |
| Smartworks – Adds Rs. 2.35 bn of incremental contracted rental sales through expansion mandates. | Paradeep Phosphates – Goa customs asked company to pay redemption & fines of Rs. 936 mn. |
| Urban Company – Kent RO to pull down disparaging ads on native water purifiers. | Lenskart – SoftBank Vision Fund likely to sell up to 2.6 pct stake, floor price at 4 pct discounts to CMP. |
| Innovision – Gets LoA for a project worth Rs. 514 mn from NHAI. | Meesho – Y Combinator likely to sell up to 1.05 pct stake, floor price at 4 pct discounts to CMP. |
| GAIL – PNGRB authorises ~1,800 km LPG pipeline infrastructure with Rs. 70 bn capital investment. | |
| Tega Industries – To make Rs. 954 mn Preferential Issue to AP Jupiter Holdings II at Rs. 1,994/Share. | |
| Zee Ent – Allots 209.4 mn warrants to promoters, Receives Rs. 6.6 bn upfront. | |
| Amagi Media – SBI MF Buys 509 mn Shares, 2.4 Pct Equity, for Rs. 2.85 mn via block deal. | |
| Jubilant Pharmova – US arm gets USFDA nod to manufacture first batch of product on line 3. | |
| BR Goyal – Gets work order worth Rs. 1.51 bn from NHAI. |
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