Market Commentary
Global markets
US market closed positive on Monday over easing US-Iran developments and rally in tech stocks. Dow Jones closed up by 0.6 pct. While Nasdaq closed higher by 2.1 pct.
Asian markets
Asian markets trading mixed in the early morning trade. Hang Seng trading down by 1.1 pct. While Nikkei trading green by 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 52,188 | 0.6 | 8.6 |
| Nasdaq | 25,820 | 2.1 | 11.1 |
| Hang Seng | 22,782 | -1.1 | -11.1 |
| Nikkei | 70,116 | 0.9 | 39.1 |
Commodities
Gold prices fell and currently stood at USD 3,966 over Fed hawkish stance. On the other hand, oil prices stood at USD 73.85/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,966 | -1.2 |
| Silver ($) | 57.49 | -1.4 |
| Brent Crude ($) | 73.85 | 0.3 |
Indian Indices
India’s equity benchmarks likely to open flat as GIFT Nifty indicates. Benchmark indices closed negative on Monday as concerns over a weak monsoon lowers relief from easing Middle East tensions.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,728 | -0.5 | -10.0 |
| Nifty | 23,946 | -0.5 | -8.4 |
| Nifty Bank | 57,727 | -0.8 | -3.1 |
| Nifty Midcap 100 | 61,567 | -0.4 | 1.8 |
| Nifty Smallcap 100 | 18,673 | -0.6 | 5.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,846 | 55,506 |
| 100 DMA | 24,146 | 56,375 |
| 200 DMA | 24,882 | 57,143 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1350 | -350,812 |
| DII | 2801 | 472,098 |
Stocks to watch
| Positive Read through | Negative Read through |
| L&T/KEC/Genus Power/NCC – Cabinet approved Rs. 300 bn fresh investment in NIIF. | Bandhan Bank – Rajeev Mantri resigned as the CFO of the bank. |
| Balkrishna Industries – Completed 95,000 MTPA carbon black capacity expansion. | Yes Bank – Board approved plans to raise up to Rs. 160 bn through a combination of equity and debt. |
| HDFC Bank – Named former DFS Secretary and ex-CEC Rajiv Kumar as part-time Chairman, and Puneet Sharma as CFO. | IGL – Delhi government said new 3W CNG auto registrations will stop from January 2027 and 2W registrations from January 2028. |
| Pace Digitek – Battery arm’s BESS manufacturing capacity to increase from 2.5 GW to 5 GW in July. | Muthoot Capital – To transfer Rs. 2.03 bn loan assets to an ARC for Rs. 930 mn. |
| Waaree Energies – Bagged an international order for the supply of 236.22 MW solar modules. | Bansal Wire – Promoter sold a 2.99 pct stake via a market transaction |
| Ather Energy/OLA – Delhi government approved the EV policy, implementation likely from July 1 | |
| WeWork India – Leased an additional 31,259 sq ft at the existing Krishe Emerald Centre in Hyderabad | |
| IKS Health – Arm to increase WWMG MSO stake to 63.49 pct with a USD 15 mn investment | |
| Vedanta Group Stocks – All group stocks will move out of the T2T segment today. | |
| SJVN – Signed a PPA with GUVNL for upcoming Himachal Pradesh projects. | |
| RailTel – Bagged an order worth Rs. 270 mn from the Goa Labour Welfare Board. | |
| Vikram Solar – NCLAT set aside the NCLT order admitting insolvency proceedings. | |
| Sterling & Wilson – JV with Hassan Allam won a USD 560 mn solar project in Egypt. | |
| SIS – Board approved a Rs. 1.20 bn buyback at up to Rs. 478.50/share. | |
| Rites – Entered into an MoU with CONCOR for logistics infrastructure consultancy. | |
| Adani Ports – Mundi will invest USD 1.4 bn for a 49 pct stake in Adani Vizhinjam Port. |
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