Market Commentary
Global markets
US markets closed mixed on Wednesday. Dow jones closed 0.5 pct in green and Nasdaq slipped 1.4 pct, IT stocks saw pressure.
Asian markets
Asian markets trading negative in early morning session. Hang Seng trading 1.6 pct in negative, while Nikkei was trading 0.7 pct red.
| Global Indices | pct Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,501 | 0.5 | 3.0 |
| Nasdaq | 22,904 | -1.4 | -1.5 |
| Hang Seng | 26,430 | -1.6 | 3.1 |
| Nikkei | 53,893 | -0.7 | 6.9 |
Commodities
Gold prices slid amid Fed caution over rate cut and currently stood at USD 5,051. On the other hand, oil prices stood at USD 68.12/bbl.
| Commodities pct Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,840 | -2.5 |
| Silver ($) | 76.31 | -13.4 |
| Brent Crude ($) | 68.12 | -1.2 |
Indian Indices
India’s equity benchmarks are likely to open higher after foreign flow optimism. Benchmark Indices, Sensex and Nifty, closed 0.1 pct and 0.2 pct in green on Wednesday, as losses in IT stocks subdued US trade deal optimism.
Results Today :- Bharti Airtel, Hero motocorp, TMPV, Hindcopper, Kirlosbros
| Indian Market | pct Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,817 | 0.1 | -1.6 |
| Nifty | 25,776 | 0.2 | -1.4 |
| Nifty Bank | 60,238 | 0.3 | 1.1 |
| Nifty Midcap 100 | 59,683 | 0.6 | -1.3 |
| Nifty Smallcap 100 | 17,205 | 1.3 | -2.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,344 | 59,518 |
| 100 DMA | 25,350 | 59,412 |
| 200 DMA | 25,677 | 59,485 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 30 | -40,240 |
| DII | 250 | 75,101 |
Stocks to watch
| Positive Read through | Negative Read through |
| Trent – Q3 above estimates, EBITDA up 27.6 pct at Rs 10.82 bn vs Rs 8.47 bn YoY. | Tata Power – Muted quarter; EBITDA down 9 pct at Rs 30.55 bn vs Rs 33.53 bn YoY. |
| Medanta – Sales up 19 pct, ARPOB at Rs 67,361, up 9.9 pct YoY. | Cummins India – Q3 below estimates; profit down 12 pct YoY. |
| Metropolis – Profit up 32 pct, EBITDA up 31.5 pct at Rs 952 mn vs Rs 724 mn YoY. | Hexaware Tech – EBITDA margin miss with weak sales in Q4CY25. |
| Apollo Tyres – Profit up 40 pct; to invest Rs 58.10 bn in AP plant for capacity expansion. | NHPC – Profit down 5.2 pct, EBITDA down 79.2 pct at Rs 2.10 bn vs Rs 10.14 bn YoY. |
| Marico – To acquire 60 pct in Cosmix Wellness for Rs 2.26 bn, valuing the company at Rs 3.75 bn. | Welspun Ent – Profit down 66 pct, EBITDA down 2 pct at Rs 1.54 bn vs Rs 1.57 bn YoY. |
| Coal India – Nod for Rs 31.33 bn investment in JV with DVC. | Keystone Realtors – Profit down 77.3 pct, margin at 4.4 pct vs 8.9 pct YoY. |
| Sterlite Tech – Board meeting on February 7 for fund raise. | Jubilant Ingrevia – Profit down 32.4 pct, EBITDA (R&D) down 8.5 pct at Rs 1.26 bn vs Rs 1.38 bn YoY. |
| Mishra Dhatu – Bags Rs 1.58 bn order; total open orders reach Rs 25.90 bn in defence and aerospace. | Pokarna – Profit down 60 pct, EBITDA down 47.8 pct at Rs 407 mn vs Rs 780 mn YoY. |
| Waaree Energies – Arm gets order for supply of 150 MW solar modules. | Gallant Ispat – Profit down 12 pct, EBITDA down 23 pct at Rs 1.54 bn YoY. |
| Berger Paints – Commences production at Hindupur manufacturing facility. | Timken India – Profit down 30 pct, EBITDA down 8.8 pct at Rs 1.01 bn vs Rs 1.11 bn YoY. |
| Kalpataru Projects – Profit up 7 pct, EBITDA up 7.2 pct at Rs 5.13 bn vs Rs 4.78 bn YoY. | |
| Avalon Tech – Profit up 36 pct, EBITDA up 38 pct at Rs 480 mn vs Rs 350 mn YoY. | |
| Force Motors – Profit at Rs 4.06 bn vs Rs 1.15 bn, margin at 17.5 pct vs 12.3 pct YoY. | |
| Bajaj Holdings – Profit up 15.3 pct, sales at Rs 2.88 bn vs Rs 1.26 bn YoY. | |
| Sammaan Capital – Profit up 4 pct, sales up 7 pct at Rs 21.57 bn vs Rs 20.16 bn YoY. | |
| Lloyds Engg – Profit up 69.5 pct, margin at 19.4 pct vs 16.6 pct YoY. | |
| Transport Corp – Profit up 10.4 pct, EBITDA up 10.6 pct at Rs 1.21 bn vs Rs 1.10 bn YoY. | |
| CCL Products – Profit up 59.2 pct, EBITDA up 47.4 pct at Rs 1.84 bn vs Rs 1.25 bn YoY. | |
| JSW Cement – Profit at Rs 1.31 bn vs loss of Rs 800 mn, margin at 17.6 pct vs 10.3 pct YoY. | |
| Swan Defence – Gets defence export order from government of Sultanate of Oman. | |
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