Market Commentary
Global markets
US market continued loses on Wednesday over rate hike and Fed’s hawkish tone. Dow jones closed down by 1.2 pct while Nasdaq closed flat.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 1 pct. While Nikkei trading green by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,467 | -1.2 | 7.1 |
| Nasdaq | 25,978 | -0.0 | 11.8 |
| Hang Seng | 24,460 | -1.0 | -4.6 |
| Nikkei | 63,966 | 0.1 | 26.9 |
Commodities
Gold prices rose and currently stood at USD 4,282 after factoring rate hike. On the other hand, oil prices stood at USD 105.82/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,282 | 0.4 |
| Silver ($) | 63.30 | 1.5 |
| Brent Crude ($) | 105.82 | 0.2 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices rebounded on Wednesday driven by broad based buying except IT and Pharma which capped gains ahead of Fed rate decision.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,336 | 0.4 | -12.8 |
| Nifty | 23,217 | 0.4 | -11.1 |
| Nifty Bank | 56,292 | 0.9 | -5.5 |
| Nifty Midcap 100 | 60,874 | -0.0 | 0.6 |
| Nifty Smallcap 100 | 19,388 | -0.2 | 9.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,103 | 57,375 |
| 100 DMA | 23,965 | 56,519 |
| 200 DMA | 24,516 | 57,343 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2032 | -377,117 |
| DII | 3908 | 609,410 |
Stocks to watch
| Positive Read through | Negative Read through |
| Eicher Motors – Launched Flying Flea C6 in five cities in Europe & the UK. | OnMobile – Allegations of potential anomalies in operations from former consultant. |
| Alembic Pharma – US FDA clears Vadodara bioequivalence facility. | GR Infra – Issues notice of termination invoking force majeure for NTPC contract. |
| Venus Pipes – Board nod for Rs. 3.72 bn preferential issue, Ashish Kacholia and Carnelian proposed allottees. | Seafood/Textile – US Congress passes Russia Sanctions Act 2026, heads for President Trump’s desk. |
| Mazagon Dock – To expand into commercial shipbuilding via MoU with NSHIPML | |
| Oil & Gas Cos – Government cuts special additional excise duty on petrol, diesel & ATF. | |
| Rainbow Children’s – Starts operations at 50-bed hospital in Guntur, Andhra Pradesh. | |
| Tempsens – Sales jumped 33 pct, margin at 23 pct vs 20 pct YoY. | |
| Motilal Oswal – India Ratings upgrades long-term rating to AA+/Stable from AA/Positive. | |
| Fortis – Arm inks pact to provide healthcare services in upcoming hospital in Ashok Vihar for 29 years. | |
| Skyways – Market share in India increases from 5.9 pct to 6.2 pct QoQ. | |
| Imagicaaworld – To sell hotel worth Rs. 2.48 bn to Juniper Hotels. | |
| RailTel – Bags Rs. 630 mn order from Prasar Bharati. |
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