Market Commentary
Global markets
US market declined on Thursday as Oil prices spiked on Middle East conflict. Dow Jones closed red by 1.6 pct. While Nasdaq closed negative by 0.3 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading in green by 1.5 pct. While Nikkei trading up by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,945 | -1.6 | -0.2 |
| Nasdaq | 22,748 | -0.3 | -2.1 |
| Hang Seng | 25,707 | 1.5 | 0.3 |
| Nikkei | 55,489 | 0.4 | 10.1 |
Commodities
Gold prices rose and currently stood at USD 5,132 over ongoing Middle East conflicts. On the other hand, oil prices stood at USD 84.34/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 5,132 | 0.9 |
| Silver ($) | 84.20 | 2.4 |
| Brent Crude ($) | 84.34 | 0.1 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices rebounded on Thursday led by gains in heavyweight stocks and metal stocks.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,105 | 1.3 | -6.0 |
| Nifty | 24,765 | 1.2 | -5.2 |
| Nifty Bank | 59,055 | 0.5 | -0.9 |
| Nifty Midcap 100 | 57,792 | 1.5 | -4.5 |
| Nifty Smallcap 100 | 16,538 | 1.6 | -6.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,616 | 59,913 |
| 100 DMA | 25,736 | 59,223 |
| 200 DMA | 25,343 | 57,479 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3752 | -65,528 |
| DII | 5153 | 136,295 |
Stocks to watch
| Positive Read through | Negative Read through |
| Bharat Forge – Arm inks MoU with GRSE for marine engineering solutions | Time Techno – Polymer prices up 20 pct due to war, forex volatility, operations in Mena region impacted |
| Titagarh Rail – Transfers interest in loss-making Italian arm to government to avoid further cash infusions | ONGC – Petro am production constrained at Dahej cracker due to gas supply disruption |
| Tata Elxsi – Launches multi-agentic solutions for auto software development lifecycle for OEMs | |
| Refiners/OMCs – US gives India 30-day waiver to buy Russian oil cargos stuck at sea | |
| ONGC/Oil – Crude slightly off highs but remains elevated, Brent above USD 84/bbl | |
| Mazagon – CNC talks with government for Rs. 990 bn order completed, to be taken up for approval | |
| SAMHI – To acquire 70 pct in RARE India, an aggregator firm with 60 hotels on platform for Rs. 470 | |
| DRL – US FDA classifies manufacturing unit at Srikakulam as voluntary action indicated, issues EIR | |
| Wipro – Appoints Laura Miller to board, has helped large enterprises navigate AI-driven change | |
| Moil – Price of some categories of manganese ores and fines hiked by 2 pct in March | |
| Zaggle – Bags employee expense management contract from blue star |
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