Market Commentary
Global markets
US market closed flat on Tuesday on ramped-up Middle East tensions. Dow Jones closed red by 0.1 pct. While Nasdaq closed flat.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading in green by 0.4 pct. While Nikkei trading up by 2.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,706 | -0.1 | -0.7 |
| Nasdaq | 22,697 | 0.0 | -2.3 |
| Hang Seng | 26,069 | 0.4 | 1.7 |
| Nikkei | 55,387 | 2.1 | 9.9 |
Commodities
Gold prices rose and currently stood at USD 5,225 over geopolitical uncertainty. On the other hand, oil prices fell and stood at USD 88.33/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,225 | 0.5 |
| Silver ($) | 88.65 | 0.4 |
| Brent Crude ($) | 88.33 | -3.4 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices rebounded on Tuesday over positive comments by Mr. Trump on Iran war.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,205 | 0.8 | -8.2 |
| Nifty | 24,261 | 1.0 | -7.1 |
| Nifty Bank | 56,950 | 1.7 | -4.4 |
| Nifty Midcap 100 | 57,177 | 1.6 | -5.5 |
| Nifty Smallcap 100 | 16,473 | 2.1 | -7.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,505 | 59,781 |
| 100 DMA | 25,708 | 59,235 |
| 200 DMA | 25,337 | 57,509 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4673 | -82,577 |
| DII | 6333 | 158,613 |
Stocks to watch
| Positive Read through | Negative Read through |
| EPC, Pipes, Pump Cos – Government extends Jal Jeevan Mission till 2028, ups allocation by Rs. 1.5 trillion | Tamilnad Petro – Project cost hikes on forex fluctuations, to set up two downstream units for Rs. 900 mn |
| OMCs/Paint Cos – Brent below USD 90/bbl, IEA proposes emergency reserves release | ONGC/Oil – Brent below USD 90/bbl, IEA proposes emergency reserves release |
| IEX – CERC designates power exchanges as primary venue for trading of carbon credits | Bosch Home Comfort – Production output may be impacted by disruption in gas supply |
| Polycab – Tax demand reduced to Rs. 580 mn from Rs. 3.27 bn | Tips Music – Hari Nair to resign as CEO w.e.f April 30, 2026 |
| Arvind Smart – Adds new residential high-rise project in Bengaluru, revenue potential Rs. 3.30 bn | Indigo – Pieter Elbers steps down as CEO immediately, Rahul Bhatia appointed interim CEO |
| Hg Infra – Bags EPC project worth Rs. 4.01 bn from Anuppur Thermal Energy | |
| Hindustan Zinc – Partners with CMR Green for zinc alloy manufacturing at Zinc Park in Rajasthan | |
| Infosys – Collaborates with Incora to advance AI-enabled supply chain operations | |
| Waaree Renewable – Bags EPC contract for solar PV plant of 300 MWac/420 MWp |
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