Market Commentary
Global markets – US indices closed mixed on Wednesday after US-Vietnam trade deal. Dow Jones closed flat. While Nasdaq jumped 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,484 | -0.0 | 4.6 |
| Nasdaq | 20,393 | 0.9 | 5.6 |
| Hang Seng | 23,973 | -1.0 | 19.5 |
| Nikkei | 39,732 | 0.4 | -0.4 |
Commodities – Gold prices fell and currently stood at USD 3,348 over easing geopolitical risk. On the other hand, oil prices stood at USD 68.49/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,348 | -0.2 |
| Silver ($) | 36.38 | -0.3 |
| Brent Crude ($) | 68.49 | -0.9 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,798 | 55,663 |
| 100 DMA | 23,899 | 52,896 |
| 200 DMA | 24,089 | 52,123 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 1 pct. While Nikkei trading lower by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed negative on Wednesday despite optimism over US-India trade deal.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,410 | -0.3 | 6.7 |
| Nifty | 25,453 | -0.3 | 7.7 |
| Nifty Bank | 56,999 | -1.0 | 12.1 |
| Nifty Midcap 100 | 59,667 | -0.1 | 4.3 |
| Nifty Smallcap 100 | 18,977 | -0.4 | 1.1 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1561 | -125,865 |
| DII | 3036 | 361,381 |
Stocks to watch
Positive Read through
- Auropharma – Arm CuraTeQ Bio gets marketing authorisation from Euro regulator for Dazulbys.
- Coromandel International – Gets CCI nod to acquire NACL Industries shares.
- Nestle – Adds new Maggi noodles production line with 20,300 TPA capacity at Sanand unit.
- CSB Bank – Total Q1 deposits up 20 pct, advances against gold and gold jewellery up 36 pct YoY.
- D-Mart – Q1 standalone sales grew 16.2 pct, 9 stores added.
- Brigade Enterprises – To issue 14 mn shares of arm BHVL for an investment of Rs. 1.26 bn.
- PNB – Q1 domestic deposits up 12 pct, domestic advances rose 9.70 pct YoY.
- Indian Bank – Q1 gross advances rose 11.32 pct, total deposits grew 9.25 pct YoY.
- V2 Retail – Q1 sales jumped 51 pct, normalised same-store-sales-growth at 10 pct YoY.
- GMR Airports – TDSAT directs AERA to recalculate HRAB value for DIAL.
Negative Read through
- Tata Power – SIAC arbitral tribunal rules against company in Kleros case, damages claim at USD 498 mn.
- Max Financial – Axis Max Life gets anonymous letter claiming unauthorised access to customer data.
- M&M Finance – Weak disbursements growth in Q1FY26, at 1 pct vs 5 pct YoY in Q1FY25.
- Nykaa – Banga family likely to sell up to 2.1 pct stake via block deal, floor price Rs. 200/share.
- Shakti Pumps – Launches QIP to raise funds, floor price Rs. 965.96/share.
- Vedanta – NCLT defers demerger case hearing to August 20.
- Hindustan Zinc – Mined metal production declined 15 pct, refined zinc production down 6 pct QoQ.
- Textile stocks – Vietnam to pay 20 pct tariffs on goods sent to the US.
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