Market Commentary
Global markets
US market closed negative on Tuesday renewed AI growth worries. Dow Jones closed down by 0.1 pct. While Nasdaq closed 0.9 pct in negative.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading positive by 1.3 pct. While Nikkei closed 1 pct down on Tuesday.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,141 | -0.1 | 2.2 |
| Nasdaq | 24,663 | -0.9 | 6.1 |
| Hang Seng | 26,009 | 1.3 | 1.5 |
| Nikkei | 59,917 | -1.0 | 18.9 |
Commodities
Gold prices slid and currently stood at USD 4,601 over intensified inflation concerns and stronger dollar. On the other hand, oil prices stood at USD 103.7/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,601 | 0.1 |
| Silver ($) | 73.77 | 1.0 |
| Brent Crude ($) | 103.7 | -0.7 |
Indian Indices
India’s equity benchmarks are likely to open little changed as GIFT Nifty indicates. Benchmark Indices fell as banks drag markets and rising oil prices on Tuesday.
Result Today – Bajaj Finance, Waaree Energies, Navin fluorine
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,886 | -0.5 | -9.8 |
| Nifty | 23,995 | -0.4 | -8.2 |
| Nifty Bank | 55,400 | -1.5 | -7.0 |
| Nifty Midcap 100 | 60,419 | 0.3 | -0.1 |
| Nifty Smallcap 100 | 17,976 | 0.4 | 1.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,234 | 56,533 |
| 100 DMA | 24,123 | 56,183 |
| 200 DMA | 23,583 | 54,505 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2104 | -231,842 |
| DII | 1,712 | 298,754 |
Stocks to watch
| Positive Read through | Negative Read through |
| RVNL: Gets LoA for a project worth Rs. 390 mn. | Go Digit: Net earned premium up 2.4 pct, combined ratio at 111.6 vs 111.3 YoY. |
| Fedbank Fin: AUM up 27.5 pct, net interest income rises 23.1 pct YoY. | Ola Elec: ICRA revises rating lower, downgraded to BBB (Negative)/A3+. |
| Greenply Ind: EBITDA up 37 pct, margin at 12 pct vs 11 pct YoY. | Motherson Sumi Wiring: Margin at 8.2 pct vs 10.9 pct, EBITDA flat YoY. |
| Canara HSBC Life: VNB margin up 825 bps, VNB up 53 pct YoY. | REC: NII down 16 pct, NIM at 3.5 pct vs 4.4 pct YoY. |
| Enviro Infra: Arm to acquire 100 pct stake worth Rs. 3.11 bn in Suyog Urja. | Sanofi India: EBITDA down 16.9 pct, margin at 30.2 pct vs 32.1 pct YoY. |
| DRL: Gets Health Canada nod for generic version of semaglutide. | FiveStarFin: AUM up 11 pct, profit down. |
| BHEL: Signs tech transfer pact with DRDO lab for naval systems. | Piramal Pharma: EBITDA down 17.9 pct, margin at 16.7 pct vs 20.4 pct YoY. |
| CEAT: EBITDA up 52 pct, margin at 14.2 pct vs 11.5 pct YoY. | Skipper: EBITDA up 40.2 pct YoY, FY27 outlook weaker than expected. |
| Star Health: Net earned premium up 14 pct, combined ratio at 94.73 vs 99.14 YoY. | |
| Bandhan Bank: Net profit up 68 pct YoY, sharp decline in provisions, NIM up 30 bps QoQ. | |
| Orient Cement: EBITDA up 5 pct, margin 16.70 pct vs 12.49 pct YoY. | |
| Emmvee: EBITDA up 58.4 pct, margins at 32.8 pct vs 33.7 pct YoY. | |
| SolaraActive: US FDA classifies Puducherry manufacturing unit as VAI, issues EIR. | |
| Wanbury: Korea FDA concludes inspection at Patalganga facility with zero observations. | |
| Piccadily Agro: EBITDA up 14 pct, approves demerger of sugar business. | |
| Garden Reach: EBITDA up 61 pct, margin up 331 bps YoY. |
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