Market Commentary
Global markets
US market closed mixed on Monday due selloff is chipmakers stock while easing oil prices supported Dow Jones which closed up by 1 pct and Nasdaq closed negative by 0.2 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading higher by 1.5 pct. While Nikkei trading red by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,752 | 1.0 | 9.8 |
| Nasdaq | 24,876 | -0.2 | 7.0 |
| Hang Seng | 25,683 | 1.5 | -0.2 |
| Nikkei | 61,689 | -1.1 | 22.4 |
Commodities
Gold prices fell and currently stood at USD 4,028 amid reduced safe heaven demand. On the other hand, oil prices stood at USD 85.01/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,028 | 0.5 |
| Silver ($) | 57.61 | 0.7 |
| Brent Crude ($) | 85.01 | 2.5 |
Indian Indices
India’s equity benchmarks likely to open gap up as GIFT Nifty indicates. Benchmark indices closed flat on Tuesday as IT and auto sector offsets loses in other sectors ahead of Fed rate decision.
Results Today – Asian Paints, Eicher Motors, Waaree Energies, Dabur, GRSE, Force Motors, Redington, MTAR Tech, KPIT Tech
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,765 | -0.1 | -9.9 |
| Nifty | 23,985 | -0.0 | -8.2 |
| Nifty Bank | 56,755 | -0.6 | -4.7 |
| Nifty Midcap 100 | 62,351 | 0.1 | 3.1 |
| Nifty Smallcap 100 | 19,080 | -0.2 | 7.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,863 | 56,412 |
| 100 DMA | 23,831 | 55,767 |
| 200 DMA | 24,789 | 57,427 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1,664 | -365,994 |
| DII | 755 | 512,645 |
Stocks to watch
| Positive Read through | Negative Read through |
| LT – Posted mixed Q1, EBITDA missed estimates, but order inflow delivered a positive surprise. | Suzlon – Management indicates 10–20 pct of deliveries were delayed due to the West Asia crisis. |
| Glenmark – Arm launches Sugammadex injection with an addressable market of USD 1.6 bn. | Birlasoft – Soft Q1 with CC sales up only 0.3 pct QoQ, while deal TCV declined 19 pct QoQ. |
| Sugar Companies – Government caps sugar stock holding at 4,000 quintals per dealer. | Graphite India – US imposed a 3.7 pct countervailing duty on the company’s electrode exports. |
| AGI Greenpac – Profit grew 12 pct, while sales increased 14 pct YoY. | VST Industries – EBITDA declined 35.5 pct, while margin slipped to 19.3 pct from 25.8 pct YoY. |
| AWHCL – To acquire Arts EV SPV, which holds a contract for operations of 800 electric buses in Delhi | OMCs/Paint Cos – Crude oil rises 4 pct as US-Iran tensions escalate and the US Senate advances the Russia sanctions bill. |
| Voltas – Appoints Karan Sehgal from ITC as Head of Sales, Unitary Products Business. | |
| DCM Shriram – EBITDA increased 11 pct, while sales rose 9 pct YoY. | |
| Sanofi Consumer – EBITDA climbed 27 pct, while margin improved to 37.9 pct from 31.8 pct YoY. | |
| 5Paisa – To acquire data analytics company Giskard for Rs. 1.21 bn through a cash and share swap deal. | |
| CarTrade Tech – Partners with Spinny to transform used car buying and selling. | |
| Tata Capital – AUM jumped 22 pct, while profit increased 53 pct YoY. | |
| Ambuja Cements – Management guides for approximately 8 pct volume growth in FY27. | |
| Inox Green – NCLT approves the company’s resolution plan for Wind World. | |
| Inox Wind – Bags a 200 MW order from NLC India worth Rs. 16 bn. | |
| RVNL – Receives LoA from Central Railway for an order worth Rs. 3.59 bn. | |
| RPG Life Sciences – EBITDA grew 22 pct, while margin improved to 22.1 pct from 21.0 pct YoY. | |
| TruAlt Bio – EBITDA climbed to Rs. 1.3 bn from Rs. 420 mn YoY, while margin expanded to 21 pct Vs 14 pct. |
Disclaimer: The views shared in blogs are based on personal opinions and do not reflect the company’s views. Investment involves risk, and it is advisable to consult a financial advisor before making any investment through the app. The decision to invest is solely that of the investor, and the company or its communication cannot be held responsible for it.
