Market Commentary
Global markets – US indices closed higher on Tuesday amid US tariff talks and US-China strains. Dow Jones closed positive by 0.5 pct. While Nasdaq surged by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,520 | 0.5 | -0.1 |
| Nasdaq | 19,399 | 0.8 | 0.5 |
| Hang Seng | 23,671 | 0.9 | 18.0 |
| Nikkei | 37,547 | 0.5 | -5.4 |
Commodities – Gold prices rose and currently trading at USD 3,368 amid geopolitical and economic risks. Oil prices rose and stood at USD 65.42/bbl due to supply disruptions from Canadian wildfires and stalled Iran nuclear talks.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3368 | 0.1 |
| Silver ($) | 34.55 | 1.5 |
| Brent Crude ($) | 65.42 | 0.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,039 | 53,686 |
| 100 DMA | 23,518 | 51,340 |
| 200 DMA | 24,069 | 51,550 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng trading up by 0.9 pct. While Nikkei trading higher by 0.5 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark indices closed in red on Tuesday amid heightened geopolitical tensions and foreign fund outflows.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,738 | -0.8 | 3.3 |
| Nifty | 24,543 | -0.7 | 3.8 |
| Nifty Bank | 55,600 | -0.5 | 9.3 |
| Nifty Midcap 100 | 57,517 | -0.4 | 0.6 |
| Nifty Smallcap 100 | 18,114 | 0.1 | -3.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2,584 | -135,283 |
| DII | 5,908 | 296,122 |
Stocks to watch
Positive Read through
- HDFC Bank – Sebi approved HDB Financial’s Rs. 125,000 mn IPO.
- Wipro – Won multi-year deal with Entrust for AI-powered tech services.
- Alkem Labs – Sources said promoter sold 1.42 pct stake via block deals, floor price at Rs. 4,850/sh.
- Ashok Leyland – Bagged Rs. 18,300 mn order for supply of chassis to TN state transport corp..
- Techno Electric – Set up and operated 10 Mw data centre for Railtel..
- Zydus Life – Zynext Ventures acquires stake in Agenus, expands its Immuno-oncology pipeline.
Negative Read through
- Sun Pharma – Discontinued studies of SCD-044 after it failed to meet primary objective.
- AB Fashion – Flipkart sold 6 pct stake, floor price at 7 pct discount to CMP.
- Yes Bank – Carlyle sold 41 crore shares at Rs. 21.6 per share via block deals..
- Indegene – Carlyle to sell 10.20 pct equity via block deal, floor price at 6.40 pct discount to CMP..
- NMDC – Cut lump ore prices by Rs. 1,400/tonne and fines prices Rs. 1,500/tonne effective today.
- OLA Elect – Hyundai Motor and Kia Corp sell shares worth Rs 690 crore in Ola Electric via open market.
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