Market Commentary
Global markets
US markets closed mix on Tuesday. Dow jones closed 0.1 pct in green and Nasdaq slid 0.6 pct, after weaker than expected retail sales data and concern around AI stocks added pressure.
Asian markets
Asian markets trading higher in early morning session. Hang Seng trading 0.5 pct in positive, while Nikkei remain closed after closing 2.3 higher on Monday.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,188 | 0.1 | 4.4 |
| Nasdaq | 23,102 | -0.6 | -0.6 |
| Hang Seng | 27,314 | 0.5 | 6.6 |
| Nikkei | 57,650 | 2.3 | 14.4 |
Commodities
Gold prices rose and stood at USD 5,052/oz, as weak retail sales in US support case for Federal Reserve rate cut. On the other hand, oil prices stood at USD 68.96/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,052 | 0.6 |
| Silver ($) | 82.37 | 1.9 |
| Brent Crude ($) | 69.34 | 0.4 |
Indian Indices
India’s equity benchmarks are likely to open higher, Gift Nifty indicates. Benchmark Indices, Sensex and Nifty, closed 0.3 pct in green on Tuesday, extending recent gains as early indications of a recovery in foreign inflows, US trade deal lifted investor sentiment.
Results Today :- M&M, LG Electronics, Kirloskar oil, IRCON, Concord
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,292 | 0.3 | -1.4 |
| Nifty | 25,935 | 0.3 | -0.7 |
| Nifty Bank | 60,626 | -0.1 | 1.8 |
| Nifty Midcap 100 | 60,753 | 0.5 | 0.4 |
| Nifty Smallcap 100 | 17,451 | 0.4 | -1.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,617 | 59,955 |
| 100 DMA | 25,422 | 59,604 |
| 200 DMA | 25,640 | 59,661 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 69 | -38,116 |
| DII | 1,174 | 76,114 |
Stocks to watch
| Positive Read through | Negative Read through |
| Indigo – Now fully compliant with flight duty time limitation norms. | Karnataka Bank – NII flat, profit up 2.5 pct YoY. |
| Britannia – Sales growth in line with estimates; EBITDA rises on 450 bps gross‑margin expansion. | Oil India – Sales down 10 pct, profit declines 22.6 pct QoQ, crude price realisation down 15 pct YoY. |
| Apollo Hospitals – Q3 sales growth above estimates; EBITDA up 27 pct YoY. | Som Distilleries – EBITDA down 45.4 pct, margin at 7.9 pct vs 12 pct YoY. |
| Titan – Q3 in line with estimates; jewellery EBIT margin at 10.6 pct vs 9.5 pct YoY. | Aurobindo Pharma – US FDA issues Form 483 with 9 observations for Unit‑V in Telangana. |
| Eicher Motors – Strong Q3; EBITDA outperforms with volume growth after many quarters. | BHEL – To sell up to 5 pct stake via OFS to CMP at 8 pct discount. |
| Tata Motors CV – Indonesia arm secures order for 70,000 Yodha and Ultra T.7 vehicles. | IRCTC – Excluded from MSCI Global Standard Index with effect from February 27. |
| Reliance – Consumer arm buys Tamil Nadu’s Southern Health Foods (Manna brand) for Rs 1.56 bn. | AFCONS Infra – Profit down 34.8 pct, sales down 7.3 pct YoY. |
| Landmark Cars – EBITDA up 10.4 pct, sales up 12.6 pct YoY. | EIH – Profit down 8.1 pct, margin at 43.1 pct vs 44.6 pct YoY. |
| Chemical companies – DGTR extends anti‑dumping duty on Toluene Di‑Isocyanate imports from EU and Saudi for 5 years. | |
| IIFL Cap – AUM up 6 pct YoY; margin trading facility book up 43 pct YoY. | |
| India Glycols – EBITDA up 42.7 pct, margin at 6.9 pct vs 5 pct YoY. | |
| Gujarat Pipavav – EBITDA up 15.4 pct, margin at 54.8 pct vs 52.8 pct YoY. | |
| Kirloskar Ferrous – EBITDA up 7.5 pct, margin at 11.5 pct vs 10.8 pct YoY. | |
| ZF Commercial – EBITDA up 12.7 pct, sales up 12 pct YoY. | |
| Ion Exchange – Bags Rs 17.30 bn, 20‑year sewage treatment project in Oman. | |
| Grasim – Q3 above estimates, EBITDA up 77 pct YoY. | |
| Aditya Birla Capital, L&T Finance – To be included in MSCI Global Standard Index from February 27. | |
| ACME Solar – Gets LoA for 301 MW project from Solar Energy at tariff of Rs 6.28 per unit. | |
| Torrent Power – EBITDA up 26.2 pct, margin at 20.7 pct vs 17.1 pct YoY. | |
| Ather – NIIF likely to exit entire 1.9 pct stake via block deal at Rs 705.73–727.55 per share. | |
| Chambal Fert – EBITDA up 5.5 pct, sales up 20 pct YoY. |
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