Market Commentary
Global markets – US indices closed lower on Monday over US Service sector growth data. Dow Jones closed lower by 0.2 pct. While Nasdaq closed red by 0.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,218 | -0.2 | -3.1 |
| Nasdaq | 17,844 | -0.7 | -7.6 |
| Hang Seng | 22,628 | 0.6 | 12.8 |
| Nikkei | 36,830 | 0.3 | -7.7 |
Commodities – Gold prices rose and stood at USD 3,358 as global uncertainties spurted demand, On the other hand, oil prices rose and stood at USD 61.10/bbl on Mideast tension.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,358 | 0.8 |
| Silver ($) | 32.90 | 1.6 |
| Brent Crude ($) | 61.10 | 1.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,146 | 50,966 |
| 100 DMA | 23,396 | 50,685 |
| 200 DMA | 24,051 | 51,152 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading positive by 0.6 pct. While Nikkei closed positive by 0.3 pct on Friday.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed higher on Monday buoyed by a decline in global crude prices that lifted energy-related stocks.
Result Today – Godrej CP, Bank Baroda, BSE, Polycab
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,796 | 0.4 | 3.4 |
| Nifty | 24,461 | 0.5 | 3.5 |
| Nifty Bank | 54,919 | -0.4 | 8.0 |
| Nifty Midcap 100 | 54,675 | 1.8 | -4.4 |
| Nifty Smallcap 100 | 16,609 | 1.0 | -11.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 497 | -138,346 |
| DII | 2788 | 223,337 |
Stocks to watch
Positive Read through
- CCL Products – Margin came at 19.50 pct vs 16.30 pct, EBITDA jumped 38.30 pct YoY.
- Paras Defence – Signs MoU with Israel-based Hevendrones for business expansion in India.
- Onesource – Posted Q4 margin at 42.80 pct vs 36 pct QoQ, Q4FY25 came at profit vs loss in Q4FY24.
- Indian Hotels – EBITDA jumped 30 pct, average room rate rose 14.40 pct YoY.
- Coforge – Strong Q4, CC sales growth above estimates, deal wins at all-time high.
- J&K Bank – GNPA at 3.37 pct vs 4.08 pct, slippages declined QoQ.
- Hind Rectifiers – EBITDA rose 47.80 pct, margin at 10.70 pct vs 8.90 pct YoY.
- Glenmark PH – Relapsed multiple myeloma drug ISB 2001 gets US FDA fast track status.
- DCM Shriram – Margin at 14.1 pct vs 11.1 pct, EBITDA rises 53 pct YoY.
- GR Infra – Gets advance work order worth Rs. 12.57 bn for Bharatnet project from BSNL.
- Yes Bank – Japan’s SMBC gets RBI nod to acquire 51 pct in company.
- IEX – Traded electricity volume grew 26 pct in April, day-ahead market volume up 3 pct YoY.
- Senores PH – Acquires ANDA for epilepsy & migraine drug Topiramate from Wockhardt.
- Ircon Intl – Bags order worth Rs. 1.87 bn from Kerala State IT Infrastructure.
Negative Read through
- Pharma – Donald Trump signs executive order to boost US drug manufacturing.
- Cummins – Parent company withdraws full-year guidance, India power genset business sales declined 11 pct YoY.
- Bombay Dyeing – Profit tumbled 70.80 pct, sales fell declines 5.70 pct YoY.
- CAMS – Slight miss vs estimates, overall AUM fell 1.50 pct QoQ.
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