Market Commentary
Global markets
US market closed mixed on Tuesday ahead of CPI print. Dow Jones closed up by 0.2 pct. While Nasdaq closed negative by 1 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading down by 1 pct. While Nikkei trading red by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,877 | 0.2 | 5.9 |
| Nasdaq | 25,678 | -1.0 | 10.5 |
| Hang Seng | 24,331 | -1.0 | -5.1 |
| Nikkei | 64,681 | -1.1 | 28.3 |
Commodities
Gold prices fell and currently stood at USD 4,174 over rising Oil and Dollar. On the other hand, oil prices stood at USD 92.31/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,174 | -2.0 |
| Silver ($) | 63.79 | -1.1 |
| Brent Crude ($) | 92.31 | -0.0 |
Indian Indices
India’s equity benchmarks are likely to open higher as GIFT Nifty indicates. Benchmark indices recovered on Tuesday led by banks on RBI forex swap facility.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,918 | 0.5 | -13.3 |
| Nifty | 23,242 | 0.5 | -11.0 |
| Nifty Bank | 55,194 | 2.1 | -7.4 |
| Nifty Midcap 100 | 60,715 | 1.4 | 0.4 |
| Nifty Smallcap 100 | 18,063 | 1.7 | 2.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,700 | 54,535 |
| 100 DMA | 24,354 | 56,659 |
| 200 DMA | 24,942 | 56,985 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4,566 | -339,557 |
| DII | 6,159 | 432,439 |
Stocks to watch
| Positive Read through | Negative Read through |
| Tata Motors – JLR UK sales rose 6 pct YoY to 4,943 units in May versus 4,643 units last year. | Patanjali – Food and Drug Administration orders recall of ‘Patanjali Karela Jamun Juice. |
| Dixon Tech – Inks term sheet for a 60:40 JV with Gemtek Technology for the optical transceiver business. | Gold Sensitives – Gold prices fell 2 pct overnight and slipped below the 100 DMA. |
| Afcons Infra – Bags Rs. 53 bn breakwater project for Vadhvan Port. | Anand Rathi Share – Detects another customer fraud of Rs. 94 mn. |
| Welspun Corp – Arm to sell 4.5 pct stake in East Pipes for approximately USD 75.59 mn | IndiGo – Government hikes ATF rates by 10 pct; stabilisation fund MoUs are in process. |
| Clean Max – Meta partners for 837 MW of solar and wind projects in Rajasthan and Karnataka. | Newgen – CEO resigns with effect from August 31, 2026 due to personal and professional reasons. |
| MOIL – Government exempts manganese ores with content of 20 pct or more from customs duty. | |
| Quality Power – Inks term sheet to acquire Winwin Speciality Insulators at an EV of Rs. 3.15 bn. | |
| Reliance Industries – Meta partners with Reliance on an AI-enabled data center. | |
| NLC India – Government to exercise 1 pct upsized OFS option; retail investors can bid today. |
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