Market Commentary
Global markets
US market closed mixed as crude oil prices fell along with weaker manufacturing and service activity. Dow Jones closed down by 0.4 pct, while Nasdaq closed green by 0.4 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.8 pct. While Nikkei closed green on Friday.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,869 | -0.4 | 7.9 |
| Nasdaq | 27,244 | 0.4 | 17.2 |
| Hang Seng | 24,874 | -0.8 | -2.9 |
| Nikkei | 65,018 | 1.4 | 29.0 |
Commodities
Gold prices fell and currently stood at USD 4,334 led by strong dollar. On the other hand, oil prices stood at USD 99.7/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,334 | -0.60 |
| Silver ($) | 66.36 | -0.99 |
| Brent Crude ($) | 99.7 | 0.20 |
Indian Indices
India’s equity benchmark is likely to open muted as Gift Nifty indicates.Benchmark indices closed negative on Tuesday over uncertain Middle East developments.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,529 | -0.4 | -12.5 |
| Nifty | 23,329 | -0.4 | -10.7 |
| Nifty Bank | 56,215 | -0.5 | -5.6 |
| Nifty Midcap 100 | 61,963 | -0.1 | 2.4 |
| Nifty Smallcap 100 | 19,815 | -0.2 | 11.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,046 | 57,274 |
| 100 DMA | 23,938 | 56,539 |
| 200 DMA | 24,459 | 57,276 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3,809 | -384,111 |
| DII | 4,120 | 620,965 |
Stocks to watch
| Positive Read through | Negative Read through |
| OMCs/Paint – Brent below USD 99/bbl tracking US-Iran mediation efforts. | ONGC/OIL – Crude extends fall, Brent below USD 99/bbl tracking US-Iran mediation efforts. |
| HCLTech – Selected by M Group for AI-led IT transformation across 200+ locations in UK, Ireland. | Aditya Info – Likely to raise up to Rs. 1.5 bn via QIP, indicative issue price at 5 pct discount to CMP |
| IRB Infra – To monetise 2 land assets, sell 2 SPVs to InvIT for equity value of Rs. 2.74 bn. | |
| Arvind Smart – Arvind Sylva project in Bangalore draws bookings of Rs. 500 mn in 30 days vs Rs. 860 mn GDV. | |
| Neogen/Tata Chem – Mines ministry to launch incentive scheme for domestic lithium, nickel processing. | |
| Dhanuka Agritech – Launches new generation fungicide with Nippon Soda, Japan. | |
| Prime Focus – Arm Brahma AI raises USD 150 mn at USD 2 bn valuation in multiples-led round. | |
| 360 One – Appoints Aashish Agarwal, ex-country head of Jefferies, as CEO from February 15, 2027. | |
| Coforge – Expands AgenticOps capabilities to power enterprise autonomy at scale. | |
| Hind Copper – Copper prices rise 2 pct overnight, hit all-time highs, up 20 pct in 2026 |
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