Market Commentary
Global markets
US market closed Mixed on Tuesday due to concern long term inflation outlook. Dow Jones closed up by 0.1 pct. While Nasdaq closed red by 0.7 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading negative by 0.4 pct. While Nikkei trading higher by 0.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,765 | 0.1 | 3.5 |
| Nasdaq | 26,088 | -0.7 | 12.2 |
| Hang Seng | 26,238 | -0.4 | 2.4 |
| Nikkei | 62,929 | 0.3 | 24.9 |
Commodities
Gold prices fell and currently stood at USD 4,629 over US macro data. On the other hand, oil prices stood at USD 106.19/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,629 | -0.5 |
| Silver ($) | 86.26 | -0.3 |
| Brent Crude ($) | 106.19 | -0.9 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices continued losses on Tuesday over fading hopes for a U.S.-Iran deal and fear of rising inflation.
Result Today – Bharti Airtel, TVS, Tata Motors, Kirloskar Brothers
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,559 | -1.9 | -12.5 |
| Nifty | 23,379 | -1.8 | -10.5 |
| Nifty Bank | 53,555 | -1.6 | -10.1 |
| Nifty Midcap 100 | 59,704 | -2.5 | -1.3 |
| Nifty Smallcap 100 | 17,939 | -3.2 | 1.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,913 | 55,565 |
| 100 DMA | 24,825 | 57,666 |
| 200 DMA | 25,055 | 57,161 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1959 | -263,827 |
| DII | 7990 | 339,826 |
Stocks to watch
| Positive Read through | Negative Read through |
| Interarch – Bags construction order worth Rs. 1020 mn | Jewellery Cos – Govt raises effective gold & silver import tariffs to 15 pct vs 6 pct previously |
| MTAR Tech – EBITDA jumped 80.9 pct, margin at 20.2 pct vs 18.6 pct YoY | RVNL, Kalyan, Jubilant Food, Hyundai – Excluded from MSCI Global Standard Index |
| Adani Ports – Arm Astro Offshore in contract with Oceaneering for European subsea expansion | Tata Power – EBITDA fell 20 pct, margin at 17.4 pct vs 19 pct YoY |
| Dixon Tech – Q4 largely in-line with estimates, sales up 2 pct YoY | DRL – Q4 below estimates, North America sales dropped 40.8 pct QoQ |
| Stove Kraft – Induction cooktops sales value increased 89.4 pct, EBITDA rose 35 pct YoY | Torrent Power – Profit tumbled 70 pct, EBITDA up 2 pct YoY |
| Intellect – 37 Canadian financial institutions with USD 11 bn AUM select its digital banking solutions | |
| Kalpataru – EBITDA vs EBITDA loss, sales at Rs. 16.94 bn vs Rs. 5.97 bn YoY | |
| Max Fin – VNB, VNB margin above estimates, retail APE grew 17.2 pct YoY | |
| Berger Paints – Good Q4 results, reports double-digit volume growth | |
| Sagility India – Adj EBITDA up 20.6 pct, CC sales rose 22 pct YoY | |
| Sri Lotus – Q4 pre-sales jumped 117 pct, sales rose 62 pct YoY | |
| Sobhagya – Bags project worth Rs. 2.61 bn from Vidarbha Irrigation Development Corp | |
| Texmaco Rail – Bags South African rail order worth Rs. 40.45 bn | |
| Neuland Lab – Margin at 39.6 pct vs 15.6 pct, EBITDA at Rs. 3.07 bn vs Rs. 0.51 bn YoY | |
| Vodafone Idea – Board to consider Q4 results & fund raising proposal on May 16 | |
| RVNL – Lowest bidder for EPC project worth Rs. 2.21 bn from South East Central Railway | |
| Nazara – Margin at 18.45 pct vs 10.92 pct, EBITDA up 29 pct YoY |
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