Market Commentary
Global markets
US market rebounded on Wednesday over war de-escalation hopes. Dow Jones closed green by 0.5 pct. While Nasdaq closed positive by 1.3 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading in green by 1.9 pct. While Nikkei trading up by 2.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 48,739 | 0.5 | 1.4 |
| Nasdaq | 22,807 | 1.3 | -1.9 |
| Hang Seng | 25,726 | 1.9 | 0.4 |
| Nikkei | 55,713 | 2.7 | 10.5 |
Commodities
Gold prices rose and currently stood at USD 5,191 over ongoing Middle East conflicts. On the other hand, oil prices stood at USD 83.69/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,191 | 1.0 |
| Silver ($) | 83.71 | 2.1 |
| Brent Crude ($) | 83.69 | 1.3 |
Indian Indices
India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices extended losses for 3rd day on Wednesday driven by the Middle East conflict, that sent oil prices higher, raising inflation concerns and rattling financial markets globally.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,116 | -1.4 | -7.2 |
| Nifty | 24,480 | -1.5 | -6.3 |
| Nifty Bank | 58,755 | -1.8 | -1.4 |
| Nifty Midcap 100 | 56,925 | -2.2 | -5.9 |
| Nifty Smallcap 100 | 16,281 | -2.1 | -8.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,645 | 59,920 |
| 100 DMA | 25,741 | 59,195 |
| 200 DMA | 25,345 | 57,462 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8752 | -61,776 |
| DII | 12068 | 131,159 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bharat Forge – February North America class 8 truck orders up 47 pct MoM and 159 pct YoY | Tata Consumer – Official X account hacked, posts unauthorised content |
| BSE Ltd – Gets Sebi nod to launch index derivatives on two new indices | Fertiliser Cos – LNG supply shortage can impact output, key input supplies and prices affected |
| SSBI Life – Tax demand cut to Rs. 4.17 bn from Rs. 53.17 bn | Gas Cos – Qatar Energy declares force majeure to affected buyers after production halt |
| GE Shipping – To buy Japan second-hand dry bulk carrier that will join fleet in Q1FY27 | Guj Gas – Confirms gas supply cut to industrial consumers, issues force majeure notices |
| IEX – February electricity traded volume rose 30.4 pct, day-ahead market up 22.7 pct YoY | HDFC Bank – Whistle-blower charges international banking head with arbitrary actions against employees |
| Ramky Infra – SPV with Maharashtra Government bags EPC order worth of Rs. 14.01 bn | |
| Voda Idea – Rating agency upgrades rating to BBB from BBB- with positive outlook. |
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