Market Commentary
Global markets
US market closed negative on Monday over renewed tariff uncertainty Dow Jones closed down by 1.7 pct. While Nasdaq closed lower by 1.1 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading in red by 1.7 pct. While Nikkei trading green by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,804 | -1.7 | 1.5 |
| Nasdaq | 22,627 | -1.1 | -2.6 |
| Hang Seng | 26,624 | -1.7 | 3.9 |
| Nikkei | 57,256 | 0.8 | 13.6 |
Commodities
Gold prices fell and currently stood at USD 5,190 on profit booking. On the other hand, oil prices stood at USD 71.73/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,190 | -0.7 |
| Silver ($) | 87.37 | -0.9 |
| Brent Crude ($) | 71.73 | 0.8 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices continued rally on Monday after the U.S. Supreme Court struck down President Donald Trump’s sweeping tariffs.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,291 | 0.6 | -2.3 |
| Nifty | 25,713 | 0.6 | -1.6 |
| Nifty Bank | 61,264 | 0.2 | 2.8 |
| Nifty Midcap 100 | 59,255 | -0.4 | -2.0 |
| Nifty Smallcap 100 | 17,051 | 0.3 | -3.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,736 | 59,766 |
| 100 DMA | 25,726 | 58,910 |
| 200 DMA | 25,331 | 57,296 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 3484 | -41,614 |
| DII | -1292 | 84,892 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bharti Airtel – To build high-scale NBFC platform Airtel Money, Rs. 200 bn investment in few years | Industrials/Metals – Trump administration considers new tariffs under Section 232, as per reports. |
| Pace Digitek – Received Rs. 1.59 bn order from RIL to supply Li-ion battery packs. | |
| Suraj Estate – Acquires Hally Pacific with a potential of Rs. 2 bn GDV project in Prabhadevi. | |
| Sigma Advanced – Rs. 1 bn order from Ministry of Defence. | |
| Patel Engg – Lowest bidder in irrigation project worth Rs. 1.3 bn, company’s share at Rs. 680 mn. | |
| Samvardhana – Inaugurates new automotive lighting facility in Sanand, Gujarat. | |
| Lupin – European Commission approval for biosimilar ranibizumab. | |
| One Mobikwik – BSE approval to commence stock broking business | |
| Waaree Energies – Order for supply of 500 MW solar modules from a renowned customer. | |
| Chalet Hotels – To develop 330-room luxury hotel in Hyderabad, investment at Rs. 6.33 bn. | |
| HFCL – Joins consortium led by IIT Delhi for development of hollow-core fiber technology. | |
| Silvertouch – Selected by FSSAI for a strategic digital transformation engagement. | |
| JSW Infra – Completion certificate for liquid cargo berths at JNPA. | |
| Muthoot Fin/Hind Zinc – Metals continue to rise on safe haven demand. | |
| Fractal – Launches agentic engine PiEvolve for machine learning and scientific discovery. |
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