Market Commentary
Global markets
US market closed end mixed on Thursday as Broadcom drags tech. Dow Jones closed up by 1.7 pct. While Nasdaq negative by 0.1 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.8 pct. While Nikkei trading red by 1.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 51,567 | 1.7 | 7.3 |
| Nasdaq | 26,830 | -0.1 | 15.4 |
| Hang Seng | 25,046 | -0.8 | -2.3 |
| Nikkei | 66,661 | -1.2 | 32.3 |
Commodities
Gold prices fell and currently stood at USD 4,438 amid safe haven demand. On the other hand, oil prices stood at USD 95.71/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,438 | -0.8 |
| Silver ($) | 72.43 | -2.0 |
| Brent Crude ($) | 95.71 | 0.3 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices closed flat on Thursday ahead of RBI Interest rate decision.
Event Today – RBI Interest Rate decision
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,360 | 0.0 | -12.7 |
| Nifty | 23,416 | 0.0 | -10.4 |
| Nifty Bank | 54,307 | 0.2 | -8.9 |
| Nifty Midcap 100 | 60,966 | 0.5 | 0.3 |
| Nifty Smallcap 100 | 18,121 | 0.5 | 1.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,685 | 54,447 |
| 100 DMA | 24,466 | 56,877 |
| 200 DMA | 24,966 | 56,998 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4,447 | -320,659 |
| DII | 4,360 | 411,981 |
Stocks to watch
| Positive Read-through | Negative Read-through |
| CG Power – Commissions extra high-voltage switchgear manufacturing facility in Nashik | |
| Sigma Advanced – Approves preferential issue of up to 13.3 mn shares at Rs. 347/share, raising up to Rs. 4.6 bn | |
| Meesho – AI system PRISM reaches 264 mn users, drives over 75 pct of platform orders | |
| Lupin – Gets US FDA nod for second biosimilar, Ranluspec (Ranibizumab) injection | |
| Ola Electric – Allots 217.6 mn shares to QIBs at 4.98 pct, raising Rs. 7.80 bn via QIP | |
| Artemis – Board approves fund raise of up to Rs. 7 bn via issuance of equity securities | |
| Acme Solar – Closes QIP, allocates 100.2 mn shares at Rs. 279.50/share (4.97 pct discount) | |
| Go Digit – Peak XV sells 33.33 lakh shares, AB Sun Life and JPMorgan major buyers in block deals | |
| Groww – Franklin Templeton sells 11.3 mn shares, Goldman Sachs buys Rs. 2.1 bn stake via block deal |
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