Market Commentary
Global markets
US market recovered on Monday over potential war de-escalation. Dow Jones closed green by 0.5 pct. While Nasdaq closed positive by 1.4 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading in red by 2.5 pct. While Nikkei trading down by 7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,740 | 0.5 | -0.7 |
| Nasdaq | 22,695 | 1.4 | -2.3 |
| Hang Seng | 25,701 | 1.2 | 0.3 |
| Nikkei | 54,399 | 3.2 | 7.9 |
Commodities
Gold prices rose and currently stood at USD 5,170 over Dollar weakness. On the other hand, oil prices fell and stood at USD 92.38/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,170 | 0.5 |
| Silver ($) | 89.00 | 2.4 |
| Brent Crude ($) | 92.38 | -1.3 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices continued losses on Monday as surge in Oil prices dampened economic outlook.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,566 | -1.7 | -9.0 |
| Nifty | 24,028 | -1.7 | -8.0 |
| Nifty Bank | 56,019 | -3.1 | -6.0 |
| Nifty Midcap 100 | 56,625 | -2.0 | -7.0 |
| Nifty Smallcap 100 | 16,132 | -2.0 | -8.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,540 | 59,821 |
| 100 DMA | 25,716 | 59,229 |
| 200 DMA | 25,338 | 57,499 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -6345 | -77,904 |
| DII | 9013 | 152,280 |
Stocks to watch
| Positive Read through | Negative Read through |
| OMCs/Paints/Tyres Cos – Sharp fall in oil price tracking Trump’s comments, Brent below USD 90/bbl | Cipla – Us arm to recall unexpired batches of Lanreotide injection after talks with Pharmathen International |
| Dixon Tech – MeitY nod under Press Note 3 for HKO’s investment in display unit (DDTPL) | ONGC/OIL – Sharp fall in oil price tracking Trump’s comments, Brent below $90/bbl |
| PTC Industries – Indonesia says it entered agreement with India to procure BrahMos missiles | QSR/Restaurant – Restaurant across flag gas supply concern |
| WeWork – Leases 1.4 lakh sq. ft land in Chennai to add 2,605 desks | |
| Swan Defence – Promoter to explore OFS to sell ~5 pct equity to achieve MPS | |
| Minda Corp – Arm enters into JV with Turntide Drives to develop components for EV ecosystem | |
| Solex – Gets 3.78 GW solar module manufacturing capacity enlisted in MNRE’s ALMM list | |
| Arvind Smartspace – Pirojsha Godrej buys 1.7 pct stake via block deal | |
| Creditaccess – Signs syndicated social loan facility of USD 75 mn | |
| Lemon Tree – Announces new hotel signing in Gorakhpur, Uttar Pradesh | |
| Hinduja Global – Signs MoU with UP’s STC for rollout of Project GANGA | |
| Jagsonpal Ph – Board meeting on March 12 to consider buyback | |
| Alembic Pharma – Incorporates unit in Thailand to explore new business opportunities |
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