Market Commentary
Global markets
US market rebounded on Tuesday on de-escalation hopes. Dow Jones closed green by 2.5 pct. While Nasdaq closed up by 3.8 pct.
Asian markets
Asian markets trading green in the early morning trade. Hang Seng trading up by 2.1 pct. While Nikkei trading green by 4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,341 | 2.5 | -3.6 |
| Nasdaq | 21,590 | 3.8 | -7.1 |
| Hang Seng | 25,310 | 2.1 | -1.2 |
| Nikkei | 53,128 | 4.0 | 5.4 |
Commodities
Gold prices remain steady and currently stood at USD 4,468 on signs of de-escalation. On the other hand, oil prices stood at USD 105.37/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,668 | 0.3 |
| Silver ($) | 74.13 | -1.4 |
| Brent Crude ($) | 105.37 | 1.7 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices closed Monday, the last day of financial year on harsh tone, triggered by falling Rupee and persistent FII outflows
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 71,947 | -2.2 | -15.6 |
| Nifty | 22,331 | -2.1 | -14.5 |
| Nifty Bank | 50,275 | -3.8 | -15.6 |
| Nifty Midcap 100 | 52,650 | -2.7 | -13.0 |
| Nifty Smallcap 100 | 15,203 | -2.7 | -14.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,778 | 58,205 |
| 100 DMA | 25,369 | 58,675 |
| 200 DMA | 25,230 | 57,361 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -11,163 | -174,073 |
| DII | 14,894 | 258,869 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bharti Airtel – Inks USD 1 bn data center investment deal for Nxtra at USD 3.1 bn valuation | IndiGo – Jet fuel price hiked by 115 pct, appoints William Walsh as CEO |
| BEL – Bags orders worth Rs. 67.95 bn since disclosure. | EV Cos – Karnataka ends EV tax exemption, state accounts for 12 pct of India’s EV volume |
| Britannia – Re-appoints N Venkataraman as executive director & CFO for 4 years | Garden Reach – FY26 revenue rose 26 pct vs guidance of 40 pct, no update on orderbook |
| Aurobindo Pharma – Board meet on April 6 to consider buyback | HAL – FY26 revenue up 4 pct vs guidance of 8 – 10 pct, orderbook growth in-line . |
| Sammaan Cap – To become diversified NBFC, eyes No. 3 spot, sets out FY29 targets | |
| Jubilant Food – To exit loss-making Dunkin Donuts franchise | |
| Bharat Coking Coal – Modulated price for coking coal & washed coal products up 0.24 pct YoY | |
| Nazara Tech – Board approves Rs. 5 bn preferential issue of warrants convertible at Rs. 260/share | |
| Infosys – Expects cumulative income tax refund of Rs. 17.45 bn | |
| Capital Market – RBI eases, defers capital market exposure rules to July 1, STT hike takes effect | |
| IREDA – FY26 disbursements up 16 pct, loan book up 22 pct YoY | |
| Railtel – Bags Rs. 300 mn order from Jharkhand education council | |
| HUDCO – FY26 loan sanctions up 28.76 pct, loan disbursements grew 27.87 pct YoY | |
| NTPC Green – Arm inks deal to supply 70,000 MTPA of green ammonia | |
| HCL Tech – Expands partnership with CrowdStrike with AI-powered threat exposure management services | |
| Yes Bank – Gets Rs. 2.1 bn from two trusts for loan portfolio sale to JC Flower |
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