Market Commentary
Global markets
US market climbed higher on Fridays as recent listing of Chip stock boosts other chipmakers stocks. Dow Jones closed up by 0.3 pct. While Nasdaq closed higher by 0.3 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.1 pct. While Nikkei trading red by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,642 | 0.3 | 9.5 |
| Nasdaq | 26,281 | 0.3 | 13.1 |
| Hang Seng | 24,160 | -0.1 | -5.7 |
| Nikkei | 67,786 | -1.1 | 34.5 |
Commodities
Gold prices fell and currently stood at USD 4,065 due to rising oil prices. On the other hand, oil prices stood at USD 79.07/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,065 | -1.3 |
| Silver ($) | 58.26 | -2.7 |
| Brent Crude ($) | 79.07 | 5.1 |
Indian Indices
India’s equity benchmarks likely to open gap down as GIFT Nifty indicates. Benchmark indices extended rally on Friday over lower oil prices and easing dollar, while TCS’s results lifted other IT stocks.
Results Today – HCL Tech, ICICI AMC
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,569 | 1.1 | -9.0 |
| Nifty | 24,206 | 1.0 | -7.4 |
| Nifty Bank | 58,045 | 1.4 | -2.6 |
| Nifty Midcap 100 | 63,036 | 1.4 | 4.2 |
| Nifty Smallcap 100 | 19,416 | 1.5 | 9.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,829 | 55,749 |
| 100 DMA | 24,019 | 56,190 |
| 200 DMA | 24,846 | 57,290 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2603 | -348,795 |
| DII | 2019 | 490,205 |
Stocks to watch
| Positive Read through | Negative Read through |
| Amber Ent – Electrical arm plans to expand capital base through a public fund raise. | NMDC – Reduced iron ore prices by Rs. 250/tonne for lumps and Rs. 150/tonne for fines. |
| TCS – Reduced 14 top roles and created five new business units to address AI-driven disruption | Swiggy – FSSAI issued nine notices to Instamart following multiple consumer complaints. |
| LTM – Q1 results were in line with estimates; management expects FY27 growth to be stronger than FY26. | OMCs/Paint Cos – Crude oil prices jumped over 4 pct above USD 79/bbl following US-Iran tensions, increasing input cost pressure. |
| Hindalco – Aditya Birla Group proposed a USD 1.26 bn expansion of the Odisha alumina refinery. | Dmart – Q1 results were in line with estimates, but management commentary remained cautious. |
| Ather Energy – Board meeting on July 15 to consider fund raising. | IREDA – Declared Rs. 6.73 bn of Gensol loans as fraud and reported the matter to RBI. |
| Hero MotoCorp – Launched Vida Evooter VX2 with a certified driving range of 187 km. | Jindal Steel – CEO Gautam Malhotra resigned with effect from July 15, 2026. |
| Avantel – EBITDA increased 65 pct YoY; EBITDA margin expanded to 24.8 pct from 20 pct. | Keystone Realtors – Pre-sales declined 42 pct YoY despite collections rising 4 pct YoY. |
| HUDCO – Signed an MoU with the Odisha Government for Rs. 1 trillion urban infrastructure financing. | SEPC – Received a termination notice for an EPC subcontract worth Rs. 5.22 bn. |
| L&T Finance – Q1 profit increased 12 pct YoY with improvement in asset quality. | |
| ONGC – Crude oil prices surged over 4 pct above USD 79/bbl following renewed US-Iran tensions. | |
| NTPC – To invest Rs. 204.57 bn in the Lara Stage-III thermal power project. | |
| Just Dial – EBITDA increased 26.7 pct; VSS Mani to step down as Founder, MD & CEO. | |
| Powerica – Secured a 50 MW wind power project from GUVNL’s wind power tender. | |
| Adani Green – Q1 operational capacity increased 27 pct and energy sales rose 30 pct YoY. | |
| JSW Energy – Secured a Rs. 4.44 bn BESS order from Bondada Renewable. | |
| Fino Payments Bank – Average total deposits rose 11 pct; new accounts opened increased 31 pct YoY. | |
| TTK Prestige – Roorkee plant resumed operations; company expects no significant loss from floods. |
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