Market Commentary
Global markets
US market closed mixed on Friday as treasury yields climbed above 5 pct. Dow jones closed down by 0.2 pct while Nasdaq closed green by 0.4 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading higher by 0.6 pct. While Nikkei trading green by 1.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,688 | -0.2 | 7.5 |
| Nasdaq | 26,522 | 0.4 | 14.1 |
| Hang Seng | 24,888 | 0.6 | -2.9 |
| Nikkei | 65,018 | 1.4 | 29.0 |
Commodities
Gold prices fell and currently stood at USD 4,364 over Middle East developments. On the other hand, oil prices stood at USD 101.73/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,364 | -0.3 |
| Silver ($) | 66.37 | 0.2 |
| Brent Crude ($) | 101.73 | -1.6 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed mixed on Friday led by Metals and Financials while selling in IT stocks capped gains.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,294 | -0.0 | -12.8 |
| Nifty | 23,346 | 0.3 | -10.7 |
| Nifty Bank | 56,358 | 0.5 | -5.4 |
| Nifty Midcap 100 | 62,191 | 1.2 | 2.8 |
| Nifty Smallcap 100 | 19,875 | 1.7 | 12.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,079 | 57,343 |
| 100 DMA | 23,952 | 56,520 |
| 200 DMA | 24,487 | 57,309 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 599 | -379,726 |
| DII | 1019 | 614,048 |
Stocks to watch
| Positive Read through | Negative Read through |
| Knowledge Marine – Bags Rs. 2.79 bn order from Mumbai Port Authority. | Tata Group – Tata Trusts reiterates position on N Chandrasekaran’s reappointment as Tata Sons chairman. |
| VIP Ind – Board approves fund raise of up to Rs. 5 bn via various modes including equity issuance. | Textiles/OMCs – Trump signs Lindsey O Graham Russia & Iran Sanctions Act 2026 into law. |
| Mazagon Dock – MoU to participate as the anchor shipyard in AP’s Dugarajapatnam shipyard. | Lenskart – Platinum Jasmine to sell ~1.7 pct equity via block, floor price at 3.5 pct discount to CMP. |
| HAL – Hands over 2 LCA FOC trainers & 3 HTT trainers to IAF and 4 Dhruv NG helicopters to PHL. | ONGC/Oil – Crude down over 2 pct, Brent below USD 102/bbl ahead of key UN meets. |
| Welspun Corp – Associate EPIC bags Rs. 20 bn Saudi Aramco order. | |
| JSW Energy – APTEL sets aside earlier CERC ruling, officially allows IDC claim of JSW Hydro. | |
| Welspun Ent – Bags Rs. 3.51 bn LoA for sewer lines rehabilitation in Ahmedabad. | |
| Refex Ind – Bags Rs. 1.60 bn contract for lifting 10 lakh tonnes of fly ash and pond ash. | |
| RVNL – Gets Rs. 4.05 bn LoA from East Coast Railway. | |
| GMR Airports – TDSAT allows appeal in favour of DIAL on tariffs for FY25-FY29. | |
| Lemon Tree – Board approves land purchase in Mumbai, setting up arm in Maldives. | |
| HEG Advanced – Bags Rs. 2.18 bn order from Indus Towers. | |
| Puravankara – Launches Phase 6 of the existing project Provident Equinox. | |
| Apollo Pipes – To buy 76 pct in Mazzini Tiles for Rs. 400 mn to expand into ceramic tiles business. | |
| JP Power – To settle matter with NARCL with Rs. 5.1 bn payment, IBC proceedings to be withdrawn. | |
| Quality Power – Board meet on September 23 to mull fund raise via preferential issue and QIP. | |
| Avantel – Expands potential areas of business via amendments to MoA. |
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