Market Commentary
Global markets
US market closed higher on Wednesday on tech earnings and easing oil prices. Dow Jones closed up by 1.2 pct. While Nasdaq closed green by 2 pct.
Asian markets
Asian markets trading higher in the early morning trade. Hang Seng trading positive by 1.4 pct. While Nikkei trading higher by 5.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,910 | 1.2 | 3.8 |
| Nasdaq | 25,838 | 2.0 | 11.2 |
| Hang Seng | 26,582 | 1.4 | 3.7 |
| Nikkei | 62,915 | 5.7 | 24.8 |
Commodities
Gold prices rose and currently stood at USD 4,709 over easing Middle East conflict. On the other hand, oil prices stood at USD 101.90/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,709 | 0.4 |
| Silver ($) | 77.82 | 0.8 |
| Brent Crude ($) | 101.90 | -0.1 |
Indian Indices
India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices closed positive on Wednesday on hopes of a possible deal between the U.S. and Iran to end the war
Result Today – BSE, Britannia, Bharat Forge, Coromandel, Thermax, Gravita
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,958 | 1.2 | -8.5 |
| Nifty | 24,330 | 1.2 | -6.9 |
| Nifty Bank | 55,981 | 2.6 | -6.0 |
| Nifty Midcap 100 | 61,326 | 1.8 | -1.4 |
| Nifty Smallcap 100 | 18,534 | 1.9 | 4.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,049 | 56,069 |
| 100 DMA | 24,902 | 57,837 |
| 200 DMA | 25,080 | 57,202 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5834 | -248,979 |
| DII | 6836 | 318,707 |
Stocks to watch
| Positive Read through | Negative Read through |
| HDFC Bank – Gets RBI nod to acquire aggregate holding of up to 9.95 pct in ICICI Bank and Kotak | Brigade Ent – Weak bookings, Q4 volumes declined 5 pct YoY |
| Godrej Cons – EBITDA up 10.8 pct YoY, domestic volume growth at 8 pct vs estimate of 7-9 pct | |
| Blue Star – Margin and profit cane above estimates, margin at 8.1 pct vs 6.9 pct YoY | |
| Samvardhana – ADIA partners with company for large-scale manufacturing unit in Kezad | |
| Waaree Energies – Arm signs PPA with SEC India for 300 MW wind power project | |
| Mahindra Life – Launches Mahindra BeaconHill in Mahalaxmi with GDV of Rs. 16.5 bn | |
| Zaggle – Bags 3-year contract from Supreme Industries for Zaggle Propel reward platform | |
| Clean Max – Partners with Apple to boost renewable energy in India with Rs. 1 bn investment | |
| Bajaj Auto – Strong Q4 with all-round beat, announces Rs. 56.3 bn share buyback at Rs. 12,000/share | |
| Brigade Ent – Bonus issue of 1 share for every 3 shares held, average realisation grew 7 pct YoY | |
| Amara Raja – Enters automotive and battery services segment with Amaron Assist | |
| NBCC – SCI signs MoU with company for upgradation of Maritime Training Institute, Powai | |
| Raymond Lifestyle – Operationally good quarter weighed down by exceptional items | |
| Greaves Cotton – EBITDA jumped 48.3 pct, margin at 6.8 pct vs 5.6 pct YoY | |
| Shree Cement – Q4 in line with estimates, 9 pct volume growth hits 9-quarter high | |
| Arvind – To acquire 61 pct stake in US-based Dalco-GFT at USD 136 mn valuation | |
| Paytm – Reports profit vs loss, sales increased 18.4 pct YoY |
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