Market Commentary
Global markets
US market closed negative on Thursday, pressured by chipmakers stock. Dow Jones closed down by 0.2 pct and Nasdaq closed lower by 1.5 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading negative by 1.4 pct. While Nikkei trading red by 4.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,558 | -0.2 | 9.4 |
| Nasdaq | 25,881 | -1.5 | 11.4 |
| Hang Seng | 24,658 | -1.4 | -3.8 |
| Nikkei | 63,896 | -4.4 | 26.8 |
Commodities
Gold prices rose and currently stood at USD 3,990 despite Middle East concerns. On the other hand, oil prices stood at USD 84.93/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,990 | 0.3 |
| Silver ($) | 55.26 | -0.4 |
| Brent Crude ($) | 84.93 | 0.1 |
Indian Indices
India’s equity benchmarks likely to open muted as GIFT Nifty indicates. Benchmark indices closed flat on Thursday as uptick in IT stocks offsets post result drop in financial stocks.
Results Today – Reliance Ind, Havells India, Tata Tech, JSW Steel
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,186 | 0.0 | -9.4 |
| Nifty | 24,072 | -0.0 | -7.9 |
| Nifty Bank | 57,582 | -0.3 | -3.4 |
| Nifty Midcap 100 | 62,686 | -0.4 | 3.6 |
| Nifty Smallcap 100 | 19,336 | -0.1 | 9.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,831 | 55,974 |
| 100 DMA | 23,954 | 56,074 |
| 200 DMA | 24,821 | 57,335 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4205 | -357,503 |
| DII | 2986 | 498,996 |
Stocks to watch
| Positive Read through | Negative Read through |
| Polycab – C&W medium- to long-term margin guidance maintained at 11–13 pct | CEAT – Margins declined 250 bps YoY due to higher input costs. |
| Premier Energies – Incorporated Premier Battery Tech for BESS business. | Wipro – Reported a significant margin miss, the lowest in 15 quarters; Q2 guidance of -1.5 pct to +0.5 pct was below expectations. |
| Piramal Finance – Profit increased 67 pct; AUM grew 25 pct; retail AUM rose 32 pct YoY. | Ajmera Realty – Sales value increased 35 pct, but collections declined 26 pct YoY. |
| Time Technoplast – Supplied LPG cylinders for HPCL-Instamart pilot project. | Sky Gold – Subsidiary suffered Rs. 110 mn loss due to unauthorized fund transfers in a deepfake scam. |
| Havells – To expand cable manufacturing capacity at Tumakuru with an investment of Rs. 2.55 bn | |
| Servotech – Won a 900kW hybrid solar rooftop project with BESS from the UP Government. | |
| Diamond Power – Secured Rs. 1.85 bn order from Adani Energy for conductors. | |
| Clean Science – Signed a long-term exclusive global manufacturing agreement with Geneus Chem for HALS products. | |
| Power Grid – Board to consider increasing borrowing limit by Rs. 50 bn during FY27. | |
| Jio Financial – PPoP increased 38 pct; NBFC business gross AUM surged 163 pct YoY. | |
| Hexaware – Partnered with Factory Partner to bring agent-native development capabilities to global enterprises. | |
| HCLTech – Signed 7-year AI solutions deal with Guardian Insurance and acquired its India GCC for USD 10.5 mn. | |
| Tech Mahindra – Strong Q1 performance ahead of estimates; EBIT margin expanded 60 bps QoQ. | |
| Coal India – Commissioned 200 MW solar power capacity of the 300 MW Khavda solar power project | |
| WeWork – Sales increased 28.5 pct; EBITDA rose 69.3 pct YoY. | |
| Jindal Worldwide – Expects exports to grow 15–20 pct in FY27 following India–UK FTA. | |
| Borosil Renewables – Reported strong Q1 with profit more than doubling YoY. |
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