Market Commentary
Global markets – US indices declined on Friday, triggered by tech sell off due to fear of AI bubble. Dow Jones closed red by 0.5 pct. While Nasdaq closed in negative by 1.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,458 | -0.5 | 13.9 |
| Nasdaq | 23,195 | -1.7 | 20.1 |
| Hang Seng | 25,792 | -0.7 | 28.6 |
| Nikkei | 50,092 | -1.5 | 25.6 |
Commodities – Gold prices rose and currently stood at USD 4,326 amid market tailwinds. On the other hand, oil prices stood at USD 61.43/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,326 | 0.7 |
| Silver ($) | 62.65 | 1.2 |
| Brent Crude ($) | 61.43 | 0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,745 | 58,148 |
| 100 DMA | 25,296 | 56,686 |
| 200 DMA | 24,720 | 55,224 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.7 pct. While Nikkei trading in red by 1.5 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices, extended gains on Friday, led by metals.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 85,267 | 0.5 | 9.1 |
| Nifty | 26,046 | 0.6 | 10.2 |
| Nifty Bank | 59,389 | 0.3 | 16.8 |
| Nifty Midcap 100 | 60,283 | 1.2 | 5.4 |
| Nifty Smallcap 100 | 17,389 | 0.9 | -7.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,114 | -294287 |
| DII | 3,868 | 747,652 |
Stocks to watch
Positive Read through
- Amber Ent – Management reiterates guidance, indicates industry-leading AC segment growth.
- Insurance Cos – Union cabinet clears insurance bill raising FDI limit to 100 pct.
- Ashoka Buildcon – 51:49 JV gets LoA for project worth Rs. 10.41 bn from BMC.
- KEC Intl – Bags orders worth Rs. 11.50 bn, largest order in India T&D business.
- Caplin Point – Inspection completed by INVIMA-Colombia at Puducherry injectables facility.
- Kaynes Tech – Cap International buys 4.46 lakh shares at Rs. 4206 per share via block deals.
- TBO Tek – Underscores sustained relevance of offline agents amid rising luxury travel demand.
- GPT Infra – JV declared lowest bidder for Rs. 17.40 bn order with 26 pct share at Rs. 4.52 bn.
- Biocon – Arm signs settlement and license agreement to commercialise biosimilar aflibercept worldwide.
- Wipro – Expands partnership with Google cloud to advance enterprise productivity.
- Indigo – Operates over 2,050 flights across 138 destinations on Dec 13 without cancellations.
- Inox wind – Bags 102.3 MW order from Aditya Birla renewables.
- NLC – Gets LoA to set up 110 MW grid-connected solar PV project, JV with PTC.
- SMS Pharma – Vizag unit receives Form 483 with one minor observation.
- PTC India – Inks JV with NLC India renewables with 26 pct stake.
- WPIL – Arm bags Rs. 13.40 bn order in South Africa with share of Rs. 6.30 bn.
- Adani green – SEBI clears Pranav Adani and six other entities in insider trading case.
Negative Read through
- Brigade ent – Income tax department conducted survey between Dec 9–13 across premises.
- Refex ind – Income tax department conducts survey at company office from Dec 9–13.
- Drl – US FDA issues Form 483 with five observations for Srikakulam formulations unit.
- Aurobindo – US FDA issues Form 483 with three observations for Arm’s Unit-V in Telangana.
- Devyani intl – Vaango CEO and Costa Coffee airport business CEO resign effective Dec 12.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Advisor before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
