Market Commentary
Global markets
US market closed mixed on Monday over Oil price surge and treasury yield pressure tech stocks. Dow Jones closed down by 1.1 pct. While Nasdaq closed red by 1.5 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 0.1 pct. While Nikkei trading down by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,690 | 0.3 | 3.4 |
| Nasdaq | 26,090 | -0.5 | 12.3 |
| Hang Seng | 25,704 | 0.1 | 0.3 |
| Nikkei | 60,429 | -0.6 | 19.9 |
Commodities
Gold prices fell and currently stood at USD 4,549 over inflation concern. On the other hand, oil prices stood at USD 110.03/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,549 | -0.4 |
| Silver ($) | 76.41 | -1.7 |
| Brent Crude ($) | 110.03 | 0.3 |
Indian Indices
India’s equity benchmarks are likely to open gap flat as GIFT Nifty indicates. Benchmark Indices closed flat on Monday as persistent concerns over the impact of the Iran war offset a partial rebound in IT stocks
Result Today – BEL, BPCL, PI Industries, Zee Ent
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,315 | 0.1 | -11.6 |
| Nifty | 23,649 | 0.0 | -9.5 |
| Nifty Bank | 53,537 | -0.3 | -10.1 |
| Nifty Midcap 100 | 60,473 | -0.2 | 0.0 |
| Nifty Smallcap 100 | 17,656 | -1.3 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,799 | 55,123 |
| 100 DMA | 24,753 | 57,499 |
| 200 DMA | 25,033 | 57,117 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2814 | -264,200 |
| DII | 2682 | 347,103 |
Stocks to watch
| Positive Read through | Negative Read through |
| Vascon Engg – Bags work order worth Rs. 1.31.58 bn from Reliance Ind | SPARC – EBITDA loss expands, sales ex-US FDA priority review voucher down 51 pct YoY |
| BLS E Services – EBITDA up 6.3 pct, sales rose 35.3 pct YoY | Afcons Infra – EBITDA declined 85.4 pct, margin at 1.6 pct vs 9.1 pct YoY |
| Lupin – Gets tentative US FDA nod for Revefenacin solution, annual sales USD 261 mn | Astral – Q4 misses estimates, EBITDA up 27 pct YoY |
| Adani Group – US court dismisses criminal charges against Adanis ‘with prejudice’ | Triveni Turbine – Margin at 18.8 pct vs 22.4 pct YoY, EBITDA up 6.3 pct YoY |
| GE Vernova – Margin at 27.2 pct vs 21.9 pct, EBITDA jumped 76.5 pct YoY | Subros – Margin at 8.8 pct vs 10.2 pct YoY, EBITDA flat |
| Eicher – Royal Enfield to invest Rs. 25 bn for land to set up greenfield manufacturing unit in AP | OnMobile – Posted loss vs profit, sales down 18.2 pct YoY |
| OMC – Petrol & diesel prices hiked pan India in the range of 80-96 paise | |
| IOC – Q4 largely above est, Petchem EBIT at Rs. 12.09 bn vs EBIT loss of Rs. 3.61 bn QoQ | |
| GNFC – Profit rose 88 pct, margin at 21.8 pct vs 11.7 pct YoY | |
| DOMS Ind – EBITDA up 14.4 pct, sales rose 18.7 pct YoY | |
| Seamec – EBITDA jumped 96.2 pct, margin at 48.6 pct vs 40.6 pct YoY | |
| Puravankara – Posted profit vs loss, margin at 20.3 pct vs 5.7 pct YoY | |
| JSW Steel – GQG & SBI MF are buyers in the Rs. 31.5 bn block deals | |
| JK Paper – EBITDA up 27 pct, margin at 14 pct vs 13 pct YoY | |
| IGL – Q4 above estimates, overall volumes up 2.8 pct QoQ | |
| Timken India – EBITDA increased 11 pct, sales up 14.5 pct YoY |
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