Market Commentary
Global markets
US market ended green on Wednesday on news of US-Iran ceasefire. Dow Jones closed positive by 2.8 pct. While Nasdaq closed up by 2.8 pct.
Asian markets
Asian markets trading red in the early morning trade. Hang Seng trading down by 0.4 pct. While Nikkei trading negative by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,909 | 2.8 | -3.1 |
| Nasdaq | 22,635 | 2.8 | -5.3 |
| Hang Seng | 25,798 | -0.4 | 0.7 |
| Nikkei | 55,997 | -0.6 | 11.1 |
Commodities
Gold prices steady and currently stood at USD 4,719 after volatile trade. On the other hand, oil prices declined and stood at USD 96.76/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,719 | -0.0 |
| Silver ($) | 73.68 | -0.3 |
| Brent Crude ($) | 96.76 | 0.1 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices jumped of Wednesday, as Iran ceasefire sparks global rally.
Results Today – TCS
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,562 | 3.9 | -9.0 |
| Nifty | 23,997 | 3.8 | -8.2 |
| Nifty Bank | 55,703 | 5.7 | -6.5 |
| Nifty Midcap 100 | 56,799 | 4.0 | -6.1 |
| Nifty Smallcap 100 | 16,538 | 4.4 | -6.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,548 | 57,536 |
| 100 DMA | 25,244 | 58,422 |
| 200 DMA | 25,184 | 57,283 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2,811 | -212,201 |
| DII | 4,168 | 288,056 |
Stocks to watch
| Positive Read through | Negative Read through |
| NTPC – CEA uprates Dadri unit capacity, MoU with EDF for nuclear power | Signature Global – Q4 pre-sales declined 24 pct, collections slipped 26 pct QoQ |
| RITES – NALCO order value increased by Rs. 390 mn | |
| KEC International – Bags orders worth Rs. 25.18 bn | |
| NHPC – CCEA clears Rs. 261 bn investment for 1,720 MW hydro project via JV with Aandhra Pradesh government | |
| Bosch – Confirms acquisition of Bosch Chassis Systems India for around Rs. 90.70 bn | |
| Delhivery – Nexus sells 1.6 pct equity at Rs. 442/sh via block deals, ICICI Pru and SBI MFs buyers | |
| Poonawalla Fincorp – Likely to launch QIP to raise up to Rs. 50 bn, issue price at a discount to CMP | |
| Coforge – Launches AI mod squads for clients to create their own AI-agent team | |
| ITC Hotels – GQG sells 13 mn shares at Rs. 152.7/share via block deals | |
| Info Edge – Recruitment business grew 9.5 pct, standalone billings rose 7.45 pct YoY | |
| Lupin – Gets US FDA nod for two new drug applications |
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