Market Commentary
Global markets – US indices closed mixed uptick in employment data. Dow Jones closed red by 0.6 pct. While Nasdaq closed in positive by 0.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,114 | -0.6 | 13.1 |
| Nasdaq | 23,111 | 0.2 | 19.7 |
| Hang Seng | 25,288 | 0.2 | 26.1 |
| Nikkei | 49,553 | 0.3 | 24.2 |
Commodities – Gold prices rose and currently stood at USD 4,319 after jobs data. On the other hand, oil prices stood at USD 59.59/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,319 | 0.4 |
| Silver ($) | 65.93 | 3.5 |
| Brent Crude ($) | 59.59 | 1.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,788 | 58,299 |
| 100 DMA | 25,314 | 56,734 |
| 200 DMA | 24,751 | 55,325 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.2 pct. While Nikkei trading in green by 0.3 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices extended losses on Tuesday over continued FII selling and delay in trade deal.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,679 | -0.6 | 8.4 |
| Nifty | 25,860 | -0.6 | 9.4 |
| Nifty Bank | 59,034 | -0.7 | 16.1 |
| Nifty Midcap 100 | 59,710 | -0.8 | 4.4 |
| Nifty Smallcap 100 | 17,265 | -0.9 | -8.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2,381 | -294678 |
| DII | 1,077 | 747,062 |
Stocks to watch
Positive Read through
- Shriram Fin – To consider fund raise via rights issue, QIP and other means.
- Insurance – Insurance Laws Amendment Bill 2025 passed by Lok Sabha.
- Gail / CGDs – One nation, one grid, one tariff introduced for CNG and PNG consumers nationwide.
- Hind Zinc – Silver rose 3.5 pct overnight and hits record high of USD 65.65 per ounce.
- RVNL – Gets LoA for a project worth Rs. 1.65 bn from North Eastern Railway.
- Ahluwalia Con – Bags order worth Rs. 8.88 bn from Bihar State Tourism Development Corporation.
- Lupin – US FDA classifies Nagpur injectable unit as voluntary action indicated and issues EIR.
- OMCs – Brent crude prices fell 3 pct overnight, below USD 60 per barrel.
- Glenmark Pharma – Signs exclusive licence and distribution agreement with Hansoh Pharma for a lung cancer drug.
- Saregama – To eventually acquire 51 pct stake in Bhansali Productions by 2030.
- Vikram solar – Approves Rs. 43.71 bn capex for VSL Powerhive in battery pack and cell manufacturing.
- Acme Solar – Commissions additional 8 MW of wind power.
- Eclerx – Revises price for Rs. 3 bn buyback from Rs. 4,500 to Rs. 4,800 per share.
- NLC India – Signs power purchase agreement with SJVN for 200 MW wind power project.
- GMM Pfaudler – To sell Hyderabad property for Rs. 545 mn.
- NBCC – Bags order worth Rs. 3.45 bn from IIT Mandi and Kandla SEZ.
- Railtel – Gets LoA for an order worth Rs. 270 mn.
Negative Read through
- Ola Elec – Bhavish Aggarwal sells 26 mn shares at Rs. 34.99/share to repay promoter loan, release pledge.
- Akzo Nobel – Promoters likely to sell 9 pct equity via block deal, floor price at 13 discounts to CMP.
- IOB – Government to divest upto 3 pct equity via OFS, floor price at Rs. 34 per share.
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