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 mixed in the early morning trade. Hang Seng trading 0.2 pct in green and Nikkei trading negative by 0.4 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 | 25,665 | 0.2 | 0.1 |
| Nikkei | 64,897 | -0.4 | 28.8 |
Commodities
Gold prices edged higher and currently stood at USD 4,535 as US-Iran talks progress. On the other hand, oil prices stood at USD 94.97/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,535 | 0.6 |
| Silver ($) | 76.61 | 1.5 |
| Brent Crude ($) | 94.97 | 1.4 |
Indian Indices
India’s equity benchmarks are likely to open negative as GIFT Nifty indicates. Benchmark Indices closed higher on Monday as signs of progress in U.S.-Iran peace talks pushed oil prices lower and boosted appetite for risk assets.
Result Today – ONGC, SEIMENS, SUYOG
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,488 | 1.4 | -10.2 |
| Nifty | 24,031 | 1.3 | -8.0 |
| Nifty Bank | 55,239 | 2.3 | -7.2 |
| Nifty Midcap 100 | 61,966 | 0.9 | 2.6 |
| Nifty Smallcap 100 | 18,202 | 1.4 | 2.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,714 | 53,823 |
| 100 DMA | 23,809 | 54,274 |
| 200 DMA | 23,994 | 55,171 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 822 | -273,765 |
| DII | 3,857 | 365,234 |
Stocks to watch
| Positive Read through | Negative Read through |
| Travel Food: Net contract gains of 17.3 pct YoY, EBITDA up 38.4 pct YoY. | CONCOR: EBITDA down 3 pct, profit declines 10 pct YoY. |
| Premier Energies: Promoter grp sells 24 mn shares via block deal, multiple funds buyers. | RVNL: Profit down 60 pct, margin at 4 pct vs 6.7 pct YoY. |
| Stove Kraft: Board nod for 50:50 China JV to make triply sheets for cookware. | |
| LG Elec: To get more incentives worth Rs. 1.76 bn from Maha govt. | |
| Brigade: Signs JDA for Rs. 8.5 bn premium residential project in Hyderabad. | |
| TVS Supply: EBITDA up 29 pct, margin at 7.2 pct vs 6.8 pct YoY. | |
| Chemplast Sanmar: Margin at 15.6 pct vs 3.2 pct, revenue rises 9 pct YoY. | |
| Solar stocks: No blanket extension of ALMM List-II for solar PV cells beyond June 1. | |
| Pace Digitek: EBITDA at Rs. 1.63 bn vs Rs. 760 mn, margin at 14.9 pct vs 11 pct YoY. | |
| BEL: Receives order worth Rs. 6,080 mn. | |
| JSW Energy: Raises Rs. 40 bn via QIP at Rs. 525/sh, SBI Fund, GQG top allottee. | |
| AB Fashion: Highest organic growth in 12 quarters, revenue up 16 pct YoY. | |
| Suprajit Engg: EBITDA up 38.6 pct, margin at 11.6 pct vs 9.9 pct YoY. | |
| NLC India: Signs MoU with NPCIL for development of nuclear power projects via JV co. | |
| Amara Raja: Strong Q4, healthy OEM volumes led growth. | |
| Hitachi Energy: Q4 a strong beat across parameters, EBITDA up 63 pct YoY. |
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