Market Commentary
Global markets
US market ended mixed, ahead of US Federal Reserve interest rate decision. Dow Jones closed up by 0.6 pct. While Nasdaq closed negative by 1.2 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.9 pct. While Nikkei trading green by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,005 | 0.6 | 8.2 |
| Nasdaq | 26,376 | -1.2 | 13.5 |
| Hang Seng | 24,283 | -0.9 | -5.3 |
| Nikkei | 69,925 | 0.8 | 38.7 |
Commodities
Gold prices rose and currently stood at USD 4,334 over improved sentiments. On the other hand, oil prices stood at USD 78.80/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,334 | 0.1 |
| Silver ($) | 70.20 | 0.4 |
| Brent Crude ($) | 78.80 | -0.6 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates while Benchmark indices extended gains on Tuesday, as a preliminary U.S.-Iran peace deal eased oil prices and improved sentiments.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,808 | 0.7 | -9.9 |
| Nifty | 23,989 | 0.6 | -8.2 |
| Nifty Bank | 57,297 | 0.2 | -3.8 |
| Nifty Midcap 100 | 61,802 | 0.4 | 2.2 |
| Nifty Smallcap 100 | 18,477 | 0.4 | 4.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,776 | 54,960 |
| 100 DMA | 24,246 | 56,495 |
| 200 DMA | 24,908 | 57,000 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -749 | -345,301 |
| DII | 1 | 448,318 |
Stocks to watch
| Positive Read through | Negative Read through |
| Solar Ind/HAL – 10 bids submitted by defence firms in the race for the Indian Air Force’s Rs. 300 bn UAV deal. | DOMS Industries – FILA likely to sell up to 7 pct equity via block deal, with floor price at a 9 pct discount to CMP. |
| Bharat Forge – Arm unveils the Simha 4×4 light armoured multi-purpose vehicle. | KIMS – Launches QIP for 4.73 pct equity, with indicative issue price at a 3 pct discount to CMP. |
| TCS – To undertake digital transformation for Tottenham Hotspur. | Mumbai Realtors – BMC to temporarily suspend water supply to construction sites. |
| OMCs/CGDs/Paint – Brent crude falls below USD 80/bbl to a 3-month low; Qatar LNG supplies to resume. | |
| Power Grid – Declared successful bidder for an interstate transmission system project with a 40-year lease. | |
| General Insurance – To exercise oversubscription option after 3.72x subscription on Day 1 of OFS. | |
| Sona BLW – Board approves Rs. 626 mn capex for a new robotics components business line. | |
| Prime Focus – SEBI disposes of proceedings regarding misleading financial statements | |
| Coforge – Aims to double revenue to USD 5 bn by 2030 and reiterates FY27 guidance. | |
| NHPC – Signs MoU with the Arunachal Pradesh Government for implementation of the 3,097 MW Etalin hydroelectric project. |
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