Market Commentary
Global markets
US market continued loses on Tuesday as fresh military strikes pushed oil higher. Dow jones closed down by 0.8 pct while Nasdaq slipped 1 pct.
Asian markets
Asian markets trading negative in the early morning trade. Hang Seng trading down by 1.2 pct. While Nikkei trading red by 2.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,772 | -0.8 | 9.8 |
| Nasdaq | 26,099 | -1.0 | 12.3 |
| Hang Seng | 25,026 | -1.2 | -2.4 |
| Nikkei | 64,472 | -2.6 | 27.9 |
Commodities
Gold prices fell and currently stood at USD 4,298 over stronger Dollar. On the other hand, oil prices stood at USD 95.60/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,298 | -0.7 |
| Silver ($) | 63.85 | -0.6 |
| Brent Crude ($) | 95.60 | 0.4 |
Indian Indices
India’s equity benchmarks likely to open muted as GIFT Nifty indicates. Benchmark indices extended loses on Tuesday due to higher oil prices and bond yields.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,944 | -0.0 | -9.7 |
| Nifty | 24,055 | -0.1 | -7.9 |
| Nifty Bank | 57,409 | -1.1 | -3.6 |
| Nifty Midcap 100 | 63,334 | -1.4 | 4.7 |
| Nifty Smallcap 100 | 19,886 | -0.2 | 12.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,208 | 57,616 |
| 100 DMA | 24,027 | 56,474 |
| 200 DMA | 24,636 | 57,447 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1143 | -371,544 |
| DII | 1846 | 579,677 |
Stocks to watch
| Positive Read through | Negative Read through |
| Welspun Corp – MoU with Perma-Pipe to establish pipe manufacturing & coating units in Jordan. | Sun Pharma – Cipher wins favourable US court decision against company. |
| TCS – TCS wins ~Rs. 20 bn Best Buy Bengaluru tech hub deal, as per reports. | Kwality Walls – Reliance Consumer enters ice cream market with Bombay Creamery. |
| Mphasis – Agreement with TechnoPro Holdings for AI-led enterprise transformation in Japan. | OMCs/Paint – Crude jumps 5 pct overnight on escalating West Asia tensions, Brent USD 96/bbl+. |
| Voltas – Qatar court dismissed OHL&C appeal in Kentz-Voltas consortium (KVC) case. | |
| Kfin Tech – Board approves SoA, incorporates arm in Philippines. | |
| Antelopus Selan – Bags 2 small onshore discovered oil & gas fields in KG Basin & Cambay Basin. | |
| EMS Ltd – Declared lowest bidder for Rs. 2.19 bn sewage work contract in Rajasthan. | |
| Gland Pharma – US FDA issues Form 483 with no observations for Visakhapatnam API unit. | |
| Gujarat Energy – Company has increased industrial gas prices, as per reports. | |
| Vodafone – Unveils new brand identity, ropes in SRK for upcoming campaign. | |
| Coal India – Coal dispatches up 5.5 pct in Aug, e-auction premium over notified price at 59 pct. | |
| NMDC – Aug iron ore production up 20.8 pct, sales rise 5.6 pct YoY. | |
| Caplin Point – Oncology unit in Tamil Nadu certified GMP compliant by Colombia. | |
| ONGC/OIL – Crude jumps 5 pct overnight on escalating West Asia tensions, Brent USD96/bbl+. | |
| Texmaco Rail – Bags Rs. 240 mn order from TCI. |
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