Market Commentary
Global markets – US indices closed negative on Tuesday after trade gap widens. Dow Jones closed lower by 0.9 pct. While Nasdaq closed red by 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,829 | -0.9 | -4.0 |
| Nasdaq | 17,689 | -0.9 | -8.6 |
| Hang Seng | 22,856 | 1.0 | 13.9 |
| Nikkei | 36,813 | -0.0 | -7.7 |
Commodities – Gold prices fell and stood at USD 3,387 on US – China Talks. On the other hand, oil prices rose and stood at USD 62.47/bbl over more demand from Europe and China.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,387 | -1.5 |
| Silver ($) | 33.09 | -0.4 |
| Brent Crude ($) | 62.47 | 0.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,174 | 51,068 |
| 100 DMA | 23,393 | 50,692 |
| 200 DMA | 24,050 | 51,162 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 1 pct. While Nikkei trading flat.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed red on Tuesday dragged by heavyweight financials as investors booked profits after recent gains.
Result Today – Dabur, MRF, Voltas, Blue Star, Tata Chem
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,641 | -0.2 | 3.2 |
| Nifty | 24,379 | -0.3 | 3.1 |
| Nifty Bank | 54,271 | -1.2 | 6.7 |
| Nifty Midcap 100 | 53,435 | -2.3 | -6.6 |
| Nifty Smallcap 100 | 16,195 | -2.5 | -13.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 3794 | -134,552 |
| DII | -1397 | 221,939 |
Stocks to watch
Positive Read through
- Radico Khaitan – EBITDA grew 45 pct, margin at 13.60 pct vs 11.40 pct YoY.
- Tata Motors – Shareholders approve plan to split into two listed companies.
- HPCL – Posted strong Q4, both refining and marketing margins better than estimates.
- Godrej CP – Reported Q4 largely in-line with estimates, volume growth at 6 pct vs poll of 4-5 pct.
- Prestige Estate – Clocked sales of Rs. 30 bn in Indirapuram, Delhi project soon after launch.
- KEI Industries – Posted Q4 above analyst estimates, cables & wires business sales up 34 pct YoY.
- MGL – Q4 above estimates, EBITDA/scm up 20 pct QoQ vs estimate of 5 pct rise.
- Aarti Drugs – EBITDA rose 8.90 pct, profit increased 32.70 pct YoY.
- Tejas Networks – Launched 1.2 Tbps single-wave coherent DWDM solution at Bharat Telecom 2025.
- UBL/USL – India and UK have successfully concluded a Free Trade Agreement along with a double contribution convention.
- Candour Techtex – Received a major LoI for its Coating & Lamination plant in Malegaon.
Negative Read through
- Piramal Ent – Profit tumbled 25.7 pct, GNPA came at 2.84 pct Vs 2.83 pct QoQ.
- PAYTM – Sales fell 15.7 pct YoY, posted Loss at Rs. 5.44 bn vs Rs. 2.08 bn QoQ.
- Kansai Nerolac – EBITDA declined 7.4 pct, margin at 9.10 pct vs 10 pct YoY.
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