Market Commentary
Global markets
US market recovered on Wednesday as Treasury Yields cool off. Dow jones closed up by 0.2 pct and Nasdaq closed positive by 0.2 pct.
Asian markets
Asian markets mixed lower in the early morning trade. Hang Seng trading positive by 0.1 pct. While Nikkei trading down by 2.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 53,468 | 0.2 | 11.2 |
| Nasdaq | 26,331 | 0.2 | 13.3 |
| Hang Seng | 25,661 | 0.7 | 0.1 |
| Nikkei | 65,982 | 1.0 | 30.9 |
Commodities
Gold prices fell and currently stood at USD 4,496 ahead of Fed minutes. On the other hand, oil prices stood at USD 91.85/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,496 | -0.6 |
| Silver ($) | 67.18 | 0.4 |
| Brent Crude ($) | 91.85 | 0.2 |
Indian Indices
India’s equity benchmarks likely to open gap up as GIFT Nifty indicates. Benchmark indices continued loses on Wednesday dragged by broad based selling in all sectors except IT.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,909 | -0.4 | -9.8 |
| Nifty | 24,078 | -0.3 | -7.8 |
| Nifty Bank | 57,239 | -0.0 | -3.9 |
| Nifty Midcap 100 | 63,408 | -0.2 | 4.8 |
| Nifty Smallcap 100 | 19,707 | -0.5 | 11.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,123 | 57,459 |
| 100 DMA | 23,904 | 55,959 |
| 200 DMA | 24,713 | 57,468 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 408 | -361,514 |
| DII | 3973 | 548,234 |
Stocks to watch
| Positive Read through | Negative Read through |
| BSE – Signs agreement with MSCI to explore launch of F&O contracts linked to MSCI indices. | |
| Aditya Infotech – Board approves fund raise of up to Rs. 15 bn through QIP. | |
| HDFC Life – CEO and CFO receive IRDAI approval for a 5-year extension. | |
| Ramco Systems – US arm to drive digital transformation for PEM-Air’s MRO business. | |
| Hyundai – Announces its 3rd price hike of 2026, with prices set to increase by ~1 pct across the portfolio. | |
| Sugar – Government tightens sugar stockholding limits. | |
| Titagarh Rail – Approved as a vendor for 3-phase locomotives | |
| EMS Ltd – Bags Rs. 1.91 bn contract from the Rajasthan government. | |
| HDFC Bank – LIC gets approval to increase its stake to 9.99 pct from 4.11 pct. | |
| Allcargo Logistics – Total July volumes rose 8 pct YoY and 13 pct MoM. | |
| USL – FSSAI revokes June order related to sale of a product manufactured at its Baramati unit. | |
| Strides Pharma – US FDA issues EIR for its flagship facility in Bengaluru. |
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