Market Commentary
Global markets – US indices closed positive on Tuesday on the back of stronger than expected US economic data. Dow Jones closed green by 0.2 pct. While Nasdaq closed higher by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,442 | 0.2 | 13.9 |
| Nasdaq | 23,561 | 0.6 | 22.0 |
| Hang Seng | 25,828 | 0.2 | 28.8 |
| Nikkei | 50,481 | 0.1 | 26.5 |
Commodities – Gold prices remain steady and currently stood at USD 4,482 per ounce. On the other hand, oil prices stood at USD 61.84/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,482 | -0.1 |
| Silver ($) | 71.99 | 0.8 |
| Brent Crude ($) | 61.84 | -0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,856 | 58,533 |
| 100 DMA | 25,353 | 56,827 |
| 200 DMA | 24,821 | 55,535 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.2 pct. While Nikkei trading in green by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices closed flat on Tuesday with losses in IT stocks capping gains over the lack of fresh triggers.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 85,524 | -0.0 | 9.5 |
| Nifty | 26,177 | 0.0 | 10.7 |
| Nifty Bank | 59,299 | 0.0 | 16.6 |
| Nifty Midcap 100 | 60,816 | 0.0 | 6.3 |
| Nifty Smallcap 100 | 17,658 | 0.4 | -5. |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1795 | -296791 |
| DII | 3812 | 767,585 |
Stocks to watch
Positive Read through
- Coal India – Subsidiaries MCL and SECL get in-principle board approval for listing.
- Gail – Signs MoU with Chhattisgarh government to develop a gas-based fertiliser project in the state.
- NTPC – Inks JV with EDF Power for pumped storage projects and sets up arm in Mauritius.
- HCLTech – Joins Microsoft Discovery platform to accelerate research innovation.
- Ajanta Pharma – Signs in-licensing agreement with Biocon to market semaglutide in 26 countries.
- Epack – To set up another manufacturing facility at Bhiwadi.
- Godfrey Philips – Files insurance claim of Rs. 3.44 bn against loss caused by fire.
- Tata Cap – Pays Rs. 3.2 mn settlement amount to SEBI to conclude proceedings against the company.
- Vikran Engg – November CFS volumes rise 16 pct YoY and 8 pct MoM.
- GPT Infra – Bags contract worth Rs. 1.99 bn from North Eastern Railway.
- SJS Ent – Signs technology licence-cum-supply agreement with BoE Varitronix, Hong Kong.
- Zydus Life – Enters into a licence agreement to commercialise Nufymco in the US.
- Apsez – Completes acquisition of NQXT Australia and raises FY26 EBITDA guidance to Rs. 223.5–233.5 bn.
- Fortis – Court rules in favour of the company in a civil suit seeking injunction against third-party actions.
- Info Edge – Arm to invest Rs. 468 mn in Unbox Robotics Lab.
- Nibe – Board approves fund raise of up to Rs. 2.49 bn via preferential issue.
Negative Read through
- IT Stocks – US modifies H-1B selection process and replaces lottery system with weighted selection.
- Endurance – Reports cyber security incident on IT infrastructure with no material impact on core operations.
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