Market Commentary
Global markets
US market ended higher on Thursday as easing geopolitical tensions and ceasefire signals lifted sentiment. Dow Jones closed positive by 0.2 pct. While Nasdaq closed up by 0.4 pct.
Asian markets
Asian markets are trading red in the early morning trade. Hang Seng trading is down by 1.3 pct. While the Nikkei is trading lower by 1.0 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,578 | 0.2 | 0.8 |
| Nasdaq | 24,102 | 0.4 | 3.3 |
| Hang Seng | 26,052 | -1.3 | 1.6 |
| Nikkei | 58,930 | -1.0 | 16.9 |
Commodities
Gold prices rose and currently stood at USD 4,796 over dollar movement. On the other hand, oil prices stood at USD 98.18/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,796 | 0.1 |
| Silver ($) | 78.96 | 0.7 |
| Brent Crude ($) | 98.18 | -0.0 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed red on Thursday over profit booking and earnings concerns.
Results Today – JIO Financial Services, Mastek
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,988 | -0.2 | -8.5 |
| Nifty | 24,196 | -0.1 | -7.4 |
| Nifty Bank | 56,086 | -0.4 | -5.9 |
| Nifty Midcap 100 | 59,146 | 0.6 | -2.2 |
| Nifty Smallcap 100 | 17,308 | 0.9 | -2.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,423 | 57,172 |
| 100 DMA | 25,149 | 58,278 |
| 200 DMA | 25,161 | 57,275 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 382 | -212,130 |
| DII | -3427 | 287,857 |
Stocks to watch
| Positive Read through | Negative Read through |
| VA Tech Wabag – Lowest bidder for Rs. 34 bn Kuwait project, awaiting LOAs | Wipro – CC sales growth below estimates, Q1FY27 CC sales seen at -2 pct to 0 pct |
| CESC – Signs power purchase agreements for 600 MW projects won | HDFC Life – VNB margin declined 250 bps, VNB slipped 8.62 pct YoY |
| NTPC Green – 150MW solar capacity declared commercially operational in Rajasthan solar project | Axis Bank—Board to mull fundraising via issuance of equity shares and other means on April 25 |
| KPI Green – Gets inter-state power trading licence from CERC | Sammaan Capital – No new F&O contracts, to exit segment on July 1 |
| Waaree Renewable – EBITDA jumped 64 pct, sales at Rs. 11.02 bn vs Rs. 4.76 bn YoY | |
| Angel One – Sales up 9 pct, margin expanded 400 bps QoQ | |
| RVNL – Declared lowest bidder for 3-year contract worth Rs. 9.68 bn | |
| Paytm – Offers Rs. 900 mn default loss guarantee to lending partner, converts loan of arm to equity | |
| Lupin – Executes settlement agreement with Humana, to pay USD 30 mn | |
| Firstsource – Launched Kairos, an embedded intelligence engine | |
| Brookfield REIT—Likely to raise up to Rs. 20 bn via QIP, indicative issue price Rs. 323/sh | |
| VST Industries – Cigarette volume growth up 8.6 pct , margin at 45.5 pct vs 20 pct YoY | |
| Kolte Patil—Q4 sales up 13 pct, collections rise 18 pct YoY |
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