Market Commentary
Global market
US market ended mixed on Thursday as worries linger before holiday break. Dow Jones closed red by 0.1 pct. While Nasdaq closed up by 0.2 pct.
Asian markets
Asian markets green in the early morning trade. Hang Seng closed down by 0.7 pct. While Nikkei trading positive by 1.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,504 | -0.1 | -3.2 |
| Nasdaq | 21,879 | 0.2 | -5.9 |
| Hang Seng | 25,116 | -0.7 | -2.0 |
| Nikkei | 54,001 | 1.7 | 7.1 |
Commodities
Gold prices fell and currently stood at USD 4,632 as Trump escalates threat. On the other hand, oil prices stood at USD 110.05/bbl
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,632 | -0.1 |
| Silver ($) | 71.99 | -1.5 |
| Brent Crude ($) | 110.04 | 0.8 |
Indian Indices
India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices closed flat on Thursday, on a rupee surge after central bank action.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,319 | 0.3 | -14.0 |
| Nifty | 22,713 | 0.1 | -13.1 |
| Nifty Bank | 51,548 | 0.2 | -13.5 |
| Nifty Midcap 100 | 53,677 | -0.3 | -11.3 |
| Nifty Smallcap 100 | 15,650 | -0.4 | -11.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,659 | 57,863 |
| 100 DMA | 25,311 | 58,511 |
| 200 DMA | 25,206 | 57,313 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -9,931 | -190,530 |
| DII | 7,208 | 267,819 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bajaj Fin – AUM growth in-line with expectations, deposit book down 4 pct YoY | IDFC First Bank – Loan growth above expectations but deposit growth below estimates |
| HDFC Bank – Q4 business growth above expectations, CD ratio (LDR) declines | Kotak Bank – Q4 loan and deposit growth below expectations |
| Axis Bank – Strong business momentum in Q4, above system average | IndusInd Bank – Business contraction seen in Q4, CASA growth improves |
| RBL Bank – Total deposits grew 25 pct, total business up 24 pct YoY | BCCL – Work in ABOCP mine U/Block-II has been illegally stopped by unorganised persons |
| Hind Copper – FY26 ore production rose 6 pct YoY, sales of copper MIC best in last 5 years | Sobha – Total sales value declined 3.59 pct QoQ, new sales area down 14.28 pct YoY |
| DMart – Q4 sales up 18.9 pct, growth rate above 2–3 year sales CAGR of 17–18 pct | Tata Steel – DMO Jharkhand issues Rs. 17.55 bn demand order on extractions over permitted limits |
| Bajaj Auto – March sales largely in-line, both domestic & exports up over 20 pct YoY | Sun Pharma – US to impose 100 pct tariff on patented pharma products, generics not subject |
| Vedanta / Hind Zinc – Q4 aluminium production up 2 pct, saleable metal (zinc & lead) up 5 pct YoY | Granules India – Gets 4 US FDA observations for US facility |
| Prestige Estates – Launches 5,120-unit township in Hyderabad with GDV of Rs. 95 bn | |
| OMCs – OMCs cut refined products purchase prices | |
| Senco Gold – Q4 YoY sales growth at 46 pct, same-store sales growth at 34 pct | |
| NMDC – Hikes prices of iron ore fines & grades effective April 5, 2026 | |
| Wipro – Bags USD 1 bn 8-year deal with Olam Group, acquisition of Olam’s IT arm for USD 375 mn | |
| IEX – Q4 traded electricity volume up 24.3 pct YoY, 23.5 pct YoY in March | |
| GR Infra – Signs EPC agreement worth Rs. 18.98 bn with West Central Railway | |
| Senores Pharma – JV in US for entry into US government procurement market | |
| L&T Fin – Q4 retail disbursements jumped 62 pct, retail loan book rose 26 pct YoY |
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