Market Commentary
Global markets
US market closed positive on Friday as Supreme Court rules against Trump tariffs. Dow Jones closed up by 0.5 pct. While Nasdaq closed higher by 0.9 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading in green by 2.7 pct. While Nikkei closed red by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,625 | 0.5 | 3.2 |
| Nasdaq | 22,886 | 0.9 | -1.5 |
| Hang Seng | 27,117 | 2.7 | 5.8 |
| Nikkei | 56,825 | -1.1 | 12.8 |
Commodities
Gold prices rose and currently stood at USD 5,173 on tariff uncertainty. On the other hand, oil prices stood at USD 70.76/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,173 | 1.3 |
| Silver ($) | 87.41 | 3.3 |
| Brent Crude ($) | 70.76 | -1.4 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices rebounded on Friday on earnings optimism, while worries about U.S.-Iran tensions and AI disruption weighed.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,814 | 0.4 | -2.8 |
| Nifty | 25,571 | 0.5 | -2.1 |
| Nifty Bank | 61,172 | 0.7 | 2.7 |
| Nifty Midcap 100 | 59,513 | 0.7 | -1.6 |
| Nifty Smallcap 100 | 17,002 | -0.1 | -4.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,741 | 59,726 |
| 100 DMA | 25,716 | 58,842 |
| 200 DMA | 25,354 | 57,262 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 935 | -45,097 |
| DII | 2637 | 86,184 |
Stocks to watch
| Positive Read through | Negative Read through |
| Axis Bank – Neither submitted nor planning to submit any bid for stake in CreditAccess. | IDFC First – Rs. 5.9 bn fraud at Chandigarh branch, appoints KPMG for independent forensic audit. |
| Adani Ports/NMDC – Sign MoU with Vale Brazil to set up iron ore blending unit at Gangavaram Port. | Nuvama – NSE issues warning letter to arm NWIL, advises to be careful and avoid recurrence. |
| Railtel/Ashoka Buildcon – JV gets LoI from Maharashtra government for contract worth Rs. 11.36 bn over 5 years. | AU SFB/IDFC First Bank – De-empaneled for government business in Haryana, AU SFB clarifies no indication of fraud. |
| Vikram Solar – Domestic cell procurement agreement with Jupiter International of Rs. 20 bn | Sasken/Quick Heal – Claude code security launch triggers USD 15 bn cybersecurity sell-off. |
| . Central Bank – Distribution agreement with SBI Funds Management for distribution of its mutual fund products. | Syrma SGS – Extension of long-stop date for acquisition of 49 pct in Ksolare in JV with Premier Energies. |
| Godrej Props – To develop ~18 acres in Thane, Mumbai, revenue potential over Rs. 75 bn. | Uco Bank – RBI imposes monetary penalty of Rs. 3.9 mn for non-compliance. |
| . Prestige Est – Signs definitive agreement with BMRCL to adopt Bellandur Metro Station, investment at Rs. 1.15 bn | Bhel – Commercial court attaches Rs. 560 mn in one of the accounts of company in Indwell Construction petition. |
| Seafood/Textile/Auto Ancs – US Supreme Court scraps Trump tariffs, cuts from 25 pct to 15 pct for 150 days under Section 122. | Cipla – US FDA classifies Rodopi, Greece manufacturing unit of lanreotide supply partner as OAI. |
| NHPC – Board approves investment proposals worth Rs. 57.03 bn in J&K. | |
| Kiri Ind – Promoters repay loan against pledged shares, company’s guarantee released | |
| Allcargo Terminals – Total January volumes up 8 pct YoY and down 5 pct MoM. | |
| SBI Life – Partial relief in tax demand appeal, amount reduced to Rs. 1.59 bn from Rs. 2.88 bn. | |
| UPL – Scrips demerger scheme to separate and list crops business, share entitlement ratio 1:1. | |
| PVR Inox – Opening of 7-screen multiplex at Inorbit Mall, Hubballi, Karnataka. | |
| WeWork – Enters into a lease deed for capacity addition in Bengaluru, investment at Rs. 420 mn. |
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