Market Commentary
Global markets
US market rebounded on Thursday over AI trade. Further easing oil prices and yields supported gains. Dow jones closed up by 0.6 pct while Nasdaq closed green by 1.7 pct.
Asian markets
Asian markets trading positive in the early morning trade. Hang Seng trading higher by 0.7 pct. While Nikkei trading green by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,783 | 0.6 | 7.7 |
| Nasdaq | 26,418 | 1.7 | 13.7 |
| Hang Seng | 24,776 | 0.7 | -3.3 |
| Nikkei | 64,662 | 0.8 | 28.3 |
Commodities
Gold prices rose and currently stood at USD 4,351 over subdued Dollar. On the other hand, oil prices stood at USD 104.17/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,351 | 0.2 |
| Silver ($) | 65.89 | 1.1 |
| Brent Crude ($) | 104.17 | 1.7 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices extended gain on Thursday on bargain buying while hawkish Fed outlook and rising oil prices capped gains.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,314 | 0.0 | -12.8 |
| Nifty | 23,270 | 0.2 | -10.9 |
| Nifty Bank | 56,055 | -0.4 | -5.9 |
| Nifty Midcap 100 | 61,432 | 0.9 | 1.6 |
| Nifty Smallcap 100 | 19,535 | 0.8 | 10.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,091 | 57,361 |
| 100 DMA | 23,959 | 56,519 |
| 200 DMA | 24,501 | 57,326 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3208 | -380,325 |
| DII | 3617 | 613,028 |
Stocks to watch
| Positive Read through | Negative Read through |
| Wipro – Collaborates with Aramco & SAP to launch Wipro STO360 for outage management. | GR Infra – NTPC invokes bank guarantee and insurance performance surety bonds of Rs. 910 mn. |
| Onemi – Board approves preferential issue of Rs. 8.32 bn at Rs. 314.11/share to marquee investors. | Bharat Foods – Launches QIP, likely to raise ~Rs. 20 bn, indicative price at 3 pct discounts to CMP |
| IndiGo – Hikes charges for infant travel, excess baggage and priority services. | Oberoi Realty – High Court directs no further allotment shall be made in Gurugram Project till next hearing |
| OMCs/Paint Cos – Crude falls for 3rd straight day, Brent near USD 104/bbl. | |
| Redington – Crowds gather outside Apple stores ahead of iPhone 18 Pro, Pro Max launch. | |
| Asian Paints – Commences commercial production at 1.5 lakh tonne VAE plant in Gujarat. | |
| Aavas Fin – Gets RBI nod to appoint Manu Yeshpal Singh as MD & CEO for 5 years. | |
| Afcons Infra – Noel Tata tables SP Group proposal to monetise part of its Tata Sons holding. | |
| PTC India – JV with NLC India to collaborate on green energy projects. | |
| Gland Pharma – 1.5 lakh shares change hands via block deals, BofA Securities buyer. | |
| BEL – Bags order worth of Rs. 6.48 bn. | |
| Skyways – Margin at 4 pct Vs 3 pct, sales grew 93 pct YoY | |
| GPT Infra – Bags Rs. 4.84 bn bridge project from RVNL. |
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