Market Commentary
Global markets
US market closed Mixed on Friday over uncertain geopolitical developments. Dow Jones closed down by 0.1 pct. While Nasdaq closed higher by 0.2 pct.
Asian markets
Asian markets trading negatively in the early morning trade. Hang Seng trading down by 0.6 pct. While Nikkei trading in red by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,167 | -0.1 | 2.3 |
| Nasdaq | 24,887 | 0.2 | 7.1 |
| Hang Seng | 25,760 | -0.6 | 0.5 |
| Nikkei | 60,238 | -0.5 | 19.5 |
Commodities
Gold prices slid and currently stood at USD 4,671 over intensified inflation concerns. On the other hand, oil prices stood at USD 102.4/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,671 | -0.2 |
| Silver ($) | 74.5 | -1.3 |
| Brent Crude ($) | 102.4 | 0.5 |
Indian Indices
India’s equity benchmarks are likely to open negative as GIFT Nifty indicates. Benchmark Indices rebounded on Monday led by rally in IT and Phrama stocks while war related developments capping gains.
Result Today – Maruti Suzuki, GRSE, Eternal, REC
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,303 | 0.8 | -9.3 |
| Nifty | 24,902 | 0.8 | -7.8 |
| Nifty Bank | 56,264 | 0.3 | -5.6 |
| Nifty Midcap 100 | 60,248 | 1.5 | -0.4 |
| Nifty Smallcap 100 | 17,900 | 1.9 | 1.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,248 | 56,736 |
| 100 DMA | 25,022 | 58,098 |
| 200 DMA | 25,119 | 57,258 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1,151 | -229,738 |
| DII | 4,123 | 297,042 |
Stocks to watch
| Positive Read through | Negative Read through |
| Phoenix Mills: EBITDA up 32 pct, margin at 60 pct vs 55 pct YoY. | PSBs: RBI issues final ECL guidelines, effective April 1, 2027. |
| Rallis India: Net loss contracts, revenue up 6 pct YoY. | Adani Total: EBITDA down 1.4 pct, margin at 19.3 pct vs 20.2 pct QoQ. |
| Websol: EBITDA up 86.4 pct, margin down 892 bps YoY. | JSL: Govt extends QCO exemption for some stainless steel grades for 6 months. |
| Canara Robeco: Revenue up 13 pct, total AUM up 3 pct YoY as on March 31. | Jindal Saw: EBITDA down 35 pct, margin at 10.4 pct vs 14.6 pct YoY. |
| Medanta: Expands Indore presence with takeover of an 80-bed cancer hospital. | Punjab & Sind Bank: NII down 13 pct YoY, net NPA at 0.79 pct vs 0.74 pct QoQ. |
| Coal India: EBITDA up 6 pct, revenue rises 5.8 pct YoY. | |
| IOC: Indian Oil-led JV makes fresh oil and gas discovery in Libya block. | |
| Ultratech: FY27 volume growth seen in double-digits, capex of Rs. 80–100 bn per annum. | |
| Bajaj Hsg Fin: NII up 15 pct YoY, AUM up 23 pct YoY. | |
| Piramal Finance: AUM up 25 pct YoY, NIM improves to 6.5. | |
| Rossari Bio: EBITDA up 11 pct, revenue rises 18.2 pct YoY. | |
| Railtel: Gets LoA for a contract worth Rs. 1,455 mn from Eastern Coalfields. | |
| City Union Bank: NII up 31 pct, bonus issue in the ratio of 1:3. | |
| AU SFB: NII up 23 pct, profit jumps 65 pct YoY. | |
| Balaji Amines: Global ammonia supply chain improving, gradual restart of production. |
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