Market Commentary
Global markets
US market fell on Monday over higher oil and bond yields. Dow Jones closed down by 0.3 pct, while Nasdaq closed lower by 0.6 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.3 pct. While Nikkei trading green by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,426 | -0.3 | 9.1 |
| Nasdaq | 26,186 | -0.6 | 12.7 |
| Hang Seng | 24,838 | -0.3 | -3.1 |
| Nikkei | 63,801 | 0.5 | 26.6 |
Commodities
Gold remains steady and stood at USD 4,311 as investor await Fed meeting. On the other hand, oil prices stood at USD 107.01/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,311 | 0.30 |
| Silver ($) | 63.45 | 0.37 |
| Brent Crude ($) | 107.01 | 0.51 |
Indian Indices
India’s equity benchmarks opened gap up led by IT, Auto and financials. Benchmark indices contracted on Friday, led by broad based sell-off on Middle East worries.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,781 | -0.2 | -12.3 |
| Nifty | 23,398 | -0.3 | -10.5 |
| Nifty Bank | 56,606 | 0.2 | -5.0 |
| Nifty Midcap 100 | 62,197 | -0.3 | 2.8 |
| Nifty Smallcap 100 | 19,906 | -0.6 | 12.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,153 | 57,464 |
| 100 DMA | 23,988 | 56,533 |
| 200 DMA | 24,544 | 57,371 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -930 | -372,106 |
| DII | 1968 | 602,816 |
Stocks to watch
| Positive Read through | Negative Read through |
| IT Stocks – Global AI majors call for slowdown in AI development. | DRL – US FDA issues Form 483 with 2 observations for Mexico API unit. |
| HCL Tech – Expands partnership with CrowdStrike to advance AI security & resilience. | Coforge – NRC Chair DK Singh resigns with immediate effect, after chairman’s exit. |
| KEC – Bags new orders worth Rs. 13,030 mn. | Voda Idea – TRAI to examine telcos’ concerns against Vodafone Idea. |
| HFCL – Plans optic fiber capex of Rs. 18,000 mn. | Strides Pharma – US FDA issues Form 483 with 3 observations for formulations unit in Chennai. |
| Dishman Carbogen – US FDA issues Form 483 with zero observations for Switzerland unit. | CESC – Fire at Panihati distribution sub-station |
| CarTrade – Launches OLX Elite Club for business, elite club clocking 5,000 additions/day. | Piramal Pharma – UK unit gets Form 483 with 7 observations from US FDA. |
| Samvardhana Motherson – Motherson Group to invest Rs. 110 bn in Tamil Nadu. | PNC Infra – NHAI extends debarment of concessionaire to the company for 3 years. |
| Solar Ind – Unit to acquire South Africa’s Omnia Holdings for Rs. 130 bn. | Lalithaa Jewellers – EBITDA down 14.2 pct, margin at 6.2 pct vs 9 pct YoY. |
| Raymond – Aerospace arm wins order of Rs. 330 mn from major defence & aerospace players. | Solar Cos – US Commerce Department finalises duties on solar imports from India, Indonesia and Laos. |
| Uno Minda – Board nod for 4 capex projects worth Rs. 14,150 mn. | |
| IndiaBulls – Enters NBFC fintech space with Rs. 10,500 mn fintech cloud deal. | |
| Raymond Realty – Board nod for pre-issue of warrants at Rs. 614/share to raise up to Rs. 4.09 bn | |
| ACME Solar – Commissions 53.63 MW/300 MWh BESS Phase-I in Rajasthan. | |
| Vijaya Diagnostic – To buy business of Arya Wellness Centre in Northeast on a slump sale basis for Rs. 460 mn. | |
| Jubilant Pharmova – US FDA classifies CMO facility in Washington as VAI. | |
| SJVN – To start operations of 660 MW thermal unit in Buxar with 85 pct PPA with Bihar. |
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