

Market Commentary
Global markets
US market extended gains Friday over falling yields and Middle east de-escalation hopes. Dow Jones closed up by 0.6 pct. While Nasdaq closed green by 0.2 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng closed up by 0.9 pct. While Nikkei trading positive by 2.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 50,585 | 0.6 | 5.2 |
| Nasdaq | 26,343 | 0.2 | 13.3 |
| Hang Seng | 25,606 | 0.9 | -0.1 |
| Nikkei | 65,142 | 2.8 | 29.3 |
Commodities
Gold prices rose and currently stood at USD 4,522 over US-Iran deal hopes. On the other hand, oil prices stood at USD 95.22/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,561 | 1.2 |
| Silver ($) | 77.36 | 2.5 |
| Brent Crude ($) | 95.22 | -8.8 |
Indian Indices
India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark Indices closed positive on Friday driven IT and financial stocks, as signs of progress in talks between the U.S. and Iran.
Result Today – Hitachi Energy, Concor.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,414 | 0.3 | -11.5 |
| Nifty | 23,719 | 0.3 | -9.2 |
| Nifty Bank | 54,055 | 1.2 | -9.3 |
| Nifty Midcap 100 | 61,389 | 0.1 | 1.3 |
| Nifty Smallcap 100 | 17,956 | -0.2 | 1.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,705 | 54,637 |
| 100 DMA | 24,661 | 57,276 |
| 200 DMA | 25,001 | 57,052 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4440 | -274,587 |
| DII | 6003 | 361,369 |
Stocks to watch
| Positive Read through | Negative Read through |
| RBL Bank – NBD open offer at Rs. 282.38/share for 26 pct stake to open on June 1 | ONGC/OIL – Sharp fall in crude, Brent slips 5 pct to below USD 100/bbl |
| Greenlam – EBITDA jumped 68 pct, margin at 12.6 pct vs 9.4 pct YoY | Divi’s Labs – Q4 largely in-line with estimates, margin at 33 pct vs 34.3 pct YoY |
| Aurobindo – USFDA classifies Eugia’s manufacturing unit in Telangana as official action indicated | Ramco Cements – Q4 missed estimates, margin at 14.3 pct vs poll of 15.7 pct |
| Century Ply – EBITDA increased 31.8 pct, sales rose 24.5 pct YoY | NTPC – Posted Q4 below estimates, sales declined 2 pct YoY |
| Rainbow Children’s – EBITDA grew 27 pct, margin at 31.5 pct vs 31 pct YoY | Maha Seamless – EBITDA fell 17 pct, margin at 18.5 pct vs 20.1 pct YoY |
| Indigo Paints – EBITDA up 9.3 pct, sales increased 9.7 pct YoY | Dollar Ind – EBITDA up 2 pct, margin at 9.2 pct vs 10.3 pct YoY |
| Meesho, ICICI Pru AMC, Groww – Added to FTSE All World Indices w.e.f June 22 | Belrise – Reported EBITDA loss vs EBITDA, sales up 2.9 pct YoY |
| Gujarat Themis – To acquire 100 pct stake in MicroBiopharm Japan for Rs. 13 bn | JK Cement – EBITDA/tonne below estimates, margin at 17.6 pct vs 21.4 pct YoY |
| Glenmark Ph – Arm settles US price-fixing case for USD 29.63 mn, payable over 5 years | NTPC Green – Margin at 84.9 pct vs 90 pct, profit declined 15.6 pct YoY |
| Torrent Pharma – EBITDA grew 41 pct, sales rose 42 pct YoY | Unichem Lab – EBITDA dropped 43 pct, profit down 79 pct YoY |
| Lupin – Gets nod for launch of influenza drug, its first in China | Gokaldas – EBITDA down 12 pct, margin slipped 196 bps YoY |
| Tata Cap, Lenskart, LG Elec – Added to FTSE All World Indices w.e.f June 22 | Kolte Patil – Posted EBITDA loss vs EBITDA, sales tumbled 65.4 pct YoY |
| HBL Engg – EBITDA fell 6.5 pct, margin at 12.37 pct vs 16.80 pct YoY |
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