Market Commentary
Global markets
US market extended loses on Monday, pressured by rising oil prices amid US-Iran tension. Dow Jones closed down by 0.5 pct while Nasdaq closed flat.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading negative by 0.5 pct. While Nikkei trading green by 1.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,884 | -0.5 | 7.9 |
| Nasdaq | 25,508 | -0.0 | 9.8 |
| Hang Seng | 25,007 | -0.5 | -2.4 |
| Nikkei | 65,255 | 1.7 | 29.5 |
Commodities
Gold prices rose and currently stood at USD 4,039 amid US-Iran tension. On the other hand, oil prices stood at USD 88.58/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,039 | 0.8 |
| Silver ($) | 57.63 | 2.1 |
| Brent Crude ($) | 88.58 | -0.2 |
Indian Indices
India’s equity benchmarks likely to open muted as GIFT Nifty indicates. Benchmark indices closed lower on Monday driven by banking stock which fell after muted results, further Middle East escalation intensified fears.
Results Today – Bajaj Auto, TVS Motors, Indian Hotels, JSW Infra
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,708 | -0.6 | -8.8 |
| Nifty | 24,238 | -0.4 | -7.2 |
| Nifty Bank | 57,945 | -1.0 | -2.7 |
| Nifty Midcap 100 | 62,801 | 0.6 | 3.8 |
| Nifty Smallcap 100 | 19,326 | 0.2 | 9.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,829 | 56,063 |
| 100 DMA | 23,924 | 56,011 |
| 200 DMA | 24,813 | 57,364 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,121 | -359,000 |
| DII | 1,312 | 501,326 |
Stocks to watch
| Positive Read through | Negative Read through |
| UltraTech Cement – Continues to target double-digit volume growth for FY27. | Wanbury – USFDA issued Form 483 with 6 observations for its Andhra Pradesh facility. |
| Ather Energy – Closed Rs. 13 bn QIP, allotting 10.8 mn shares at Rs. 1,202 per share | TRIL – Profit declined 5 pct YoY with margin slipping to 16.31 pct from 16.66 pct. |
| Redington – Signed a 5-year distribution agreement with Resulticks, targeting USD 150 mn business. | |
| ACE – Reported strong double-digit Q1 growth with stable margins. | |
| Seafood Sector – India became a party to the WTO Agreement on Fisheries Subsidies | |
| Banks – India received USD 17 bn in FCNR(B) deposits under the RBI swap window. | |
| Canara HSBC Life – VNB margin expanded 160 bps while new business premium up 25 pct YoY. | |
| Paytm – Posted strong Q1 with record profitability; board rejected the bonus share proposal. | |
| BlueStone – EBITDA increased 93.7 pct YoY with margin improving to 14.63 pct from 11.30 pct. | |
| RITES – Signed an MoU with MECON to jointly explore infrastructure business opportunities. | |
| IndiGo – Signed an MoU with CFM for 1,000 LEAP-1A aircraft engines. | |
| Lupin – Spun off two oncology programs to Kaveri to strengthen its oncology strategy. | |
| Rallis India – EBITDA increased 23 pct YoY while EBITDA margin expanded 243 bps. | |
| Sobha – Sales grew 50 pct YoY with EBITDA margin improving to 6.1 pct from 2.8 pct. | |
| CMPDI – Reported healthy sales growth with margin improvement in Q1. | |
| Emcure Pharma – Received CDSCO approval for the use of Semaglutide (Poviztra). | |
| Bajaj Health – EBITDA increased 17.3 pct YoY while margin expanded to 17.4 pct from 16.5 pct. |
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