Market Commentary
Global markets
US markets closed positive on Monday. Dow jones closed slightly changed and Nasdaq soared 0.9 pct, after bounce back in tech.
Asian markets
Asian markets trading higher in early morning session. Hang Seng trading 0.6 pct in positive, while Nikkei was trading 2.8 pct higher.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,135 | 0.0 | 4.3 |
| Nasdaq | 23,238 | 0.9 | 0.0 |
| Hang Seng | 27,196 | 0.6 | 6.1 |
| Nikkei | 57,926 | 2.8 | 14.9 |
Commodities
Gold prices fell, retreating from strong gains in the prior session as metal markets remained on edge before a string of key U.S. economic readings due this week. On the other hand, oil prices stood at USD 68.96/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,035 | -0.4 |
| Silver ($) | 82.08 | -1.5 |
| Brent Crude ($) | 68.96 | -0.3 |
Indian Indices
India’s equity benchmarks are likely to open higher, on signs of revived foreign inflows. Benchmark Indices, Sensex and Nifty, closed 0.6 pct and 0.7 pct in green on Monday, gains led by Metal and Financials.
Results Today :- Titan, Grasim, Eicher Motors, Britannia, Apollo Hospital, Escorts Kubota
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,065 | 0.6 | -1.4 |
| Nifty | 25,867 | 0.7 | -1.0 |
| Nifty Bank | 60,669 | 0.9 | 1.8 |
| Nifty Midcap 100 | 60,441 | 1.6 | -0.1 |
| Nifty Smallcap 100 | 17,385 | 2.6 | -1.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,517 | 59,761 |
| 100 DMA | 25,369 | 59,490 |
| 200 DMA | 25,641 | 59,608 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2,255 | -38,185 |
| DII | 4.15 | 74,969 |
Stocks to watch
| Positive Read through | Negative Read through |
| Garden Reach – Signs MoU with Hindustan Shipyard for shipbuilding programme. | |
| Navin Fluorine – EBITDA at Rs 3.07 bn vs Rs 1.47 bn, margin at 34.4 pct vs 24.3 pct YoY. | |
| Mahindra Lifespace – Partners with Mitsui Fudosan to develop 730 homes in Bengaluru. | |
| Happiest Minds – CC sales up 1.2 pct QoQ and 7.1 pct YoY, EBITDA margin in line with guidance. | |
| Aurobindo Pharma – Q3 in line with estimates, EBITDA up 12.4 pct at Rs 17.74 bn vs Rs 15.78 bn YoY. | |
| Railtel – Gets LoA worth Rs 4.55 bn from West Central Railway. | |
| Enviro Infra Engg – EBITDA up 25.6 pct at Rs 6.77 bn vs Rs 5.39 bn, margin at 27.1 pct vs 21.8 pct YoY. | |
| Ramco Cements – Profit at Rs 3.86 bn vs Rs 1.82 bn, EBITDA flat YoY. | |
| Indoco Remedies – Says Maharashtra GST inspection completed, operations unaffected. | |
| GSFC – Profit up 18 pct, EBITDA up 11.8 pct at Rs 1.77 bn vs Rs 1.59 bn YoY. | |
| Genus Power – Profit at Rs 1.40 bn vs Rs 567 mn, margin at 18.9 pct vs 15.3 pct YoY. | |
| NTPC Green Energy – Declares commercial operation of 14.43 MW solar capacity at Khavda project. | |
| Ceigall India – Bags order worth Rs 17 bn from Rewa Ultra Mega Solar. | |
| Gulf Oil Lubricants – Sales up 10 pct, EBITDA up 7 pct at Rs 1.31 bn vs Rs 1.22 bn YoY. | |
| Bata – Profit up 12.8 pct, EBITDA up 6.5 pct at Rs 2.12 bn vs Rs 1.99 bn YoY. | |
| India Pesticides – Profit up 41 pct, EBITDA up 42.3 pct at Rs 373 mn vs Rs 262 mn YoY. | |
| NRB Bearings – EBITDA up 34.3 pct at Rs 608 mn vs Rs 453 mn, margin at 18.5 pct vs 16.3 pct YoY. | |
| Adani Enterprises – Board approves February 13 as record date for rights issue. | |
| BSE – EBITDA up 13 pct, operating income up 16 pct at Rs 12.44 bn vs Rs 10.68 bn. | |
| Lupin – Settles Mirabegron patent dispute with Astellas, agrees to pay 90 million dollars. | |
| TCPL Packaging – EBITDA up 18.2 pct, margin at 16 pct vs 13.3 pct YoY. |
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