Market Commentary
Global markets – US indices closed in red on Wednesday amid tax bill debate. Dow Jones tumbled 1.9 pct. While Nasdaq fell by 1.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,860 | -1.9 | -1.6 |
| Nasdaq | 18,872 | -1.4 | -2.3 |
| Hang Seng | 23,669 | -0.7 | 18.0 |
| Nikkei | 36,967 | -0.9 | -7.3 |
Commodities – Gold prices rose and currently trading at USD 3,342 over weaker dollar. On the other hand, oil prices rose and stood at USD 64.85/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,342 | 0.7 |
| Silver ($) | 33.57 | 0.7 |
| Brent Crude ($) | 64.85 | 0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,578 | 52,270 |
| 100 DMA | 23,420 | 50,899 |
| 200 DMA | 24,053 | 51,312 |
Asian markets – Asian markets trading lower in the early morning trade. Largely tracking western peers. Hang Seng trading negative by 0.7 pct. While Nikkei trading lower by 0.9 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark indices rebounded on Wednesday led by gains in Pharma and Financials stocks.
Result Today – ITC, Grasim, Sun Pharma, MTAR Tech
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,596 | 0.5 | 4.4 |
| Nifty | 24,813 | 0.5 | 4.9 |
| Nifty Bank | 55,075 | 0.4 | 8.3 |
| Nifty Midcap 100 | 56,619 | 0.8 | -1.0 |
| Nifty Smallcap 100 | 17,548 | 04 | -6.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2201 | -126,171 |
| DII | 683 | 247,740 |
Stocks to watch
Positive Read through
- Wabag – EBITDA jumped 22 pct, sales rose 23.70 pct YoY.
- NBCC – Bags order worth of Rs. 1615 mn from PFC.
- ONGC – Q4 in line with estimates, higher exploratory costs boost EBITDA.
- VRL Logistics – EBITDA up 76.9 pct, margin at 23 pct vs 13.7 pct YoY.
- Havells – Targeting entry into electric vehicle supply equipment with an investment of Rs. 70–100 mn.
- Nalco – Margin at 53.72 pct vs 31.51 pct, sales grew 47.2 pct YoY.
- IHCL – Signs Taj Pushpabanta Palace in Agartala in a public-private partnership with Tripura government.
- Indigo – Posted Q4 above estimate, margin at 31.40 pct vs 24.80 pct YoY.
- Hind Zinc – Preferred bidder for 308-acre tungsten and associated mineral block.
- KEI Industries – Acquires 74,000 sqm land in Rajasthan for Rs. 936 mn.
- Negative Read through.
- Balmer Lawrie – Will not buy back shares of company due to compliance concerns.
- Colgate – Sales missed expectations; margin contracted 170 bps YoY.
- IndusInd Bank – Posted first loss in 20 years, lowest-ever NIM, board suspects fraud against bank.
- RVNL – EBITDA declined 5.25 pct, sales declines 4.28 pct YoY.
- GRSE – Bangladesh government cancels advanced ocean-going tug order worth ~USD 21 mn.
- Oil India – EBITDA down 7 pct, margin at 35.90 pct vs 40.70 pct QoQ.
- Mankind Pharma – Sales and margin missed estimates, FY26 margin guidance below street estimates.
- Astral – Plumbing business volume growth missed guidance, consolidated margin flat YoY.
- Ircon – Margin at 7.66 pct vs 8.74 pct, EBITDA down 21 pct YoY.
- GMM Pfaudler –Posted loss vs profit, EBITDA down 57.50 pct YoY.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
