Market Commentary
Global markets – US indices closed higher on Thursday over stronger dollar supported by Jobs data. Dow Jones closed green by 0.8 pct. While Nasdaq jumped 1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,828 | 0.8 | 5.4 |
| Nasdaq | 20,601 | 1.0 | 6.7 |
| Hang Seng | 23,875 | -0.8 | 19.0 |
| Nikkei | 39,828 | 0.1 | -0.2 |
Commodities – Gold prices fell and currently stood at USD 3,326 over easing geopolitical risk. On the other hand, oil prices stood at USD 68.48/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,326 | 0.1 |
| Silver ($) | 36.36 | -0.6 |
| Brent Crude ($) | 68.48 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,819 | 55,690 |
| 100 DMA | 23,915 | 52,961 |
| 200 DMA | 24,089 | 52,147 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.8 pct. While Nikkei trading lower by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices extended losses on Thursday as caution around India-US trade talks and mixed global cues kept sentiments muted.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,239 | -0.2 | 6.5 |
| Nifty | 25,405 | -0.2 | 7.4 |
| Nifty Bank | 56,791 | -0.4 | 11.7 |
| Nifty Midcap 100 | 59,683 | -0.0 | 4.3 |
| Nifty Smallcap 100 | 18,027 | 0.3 | 1.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1489 | -127,346 |
| DII | 1333 | 362,714 |
Stocks to watch
Positive Read through
- Bajaj Fin – Customer base grew 21 pct, AUM up 25 pct YoY.
- RBL Bank – Unsecured retail advances fell 7 pct YoY & 2 pct QoQ, deposits grew 11 pct YoY.
- Reliance Ind – Retail arm picks minority stake in UK-based FaceGym, to bring brand to India.
- L&T Fin – Retail loan book jumped 18.2 pct, disbursements rise 18 pct YoY.
- Marico – Underlying volume growth in India at multi-quarter high.
- Bajaj Hsg Fin – Q1 AUM up 24 pct, disbursements rose 22 pct YoY.
- AU SFB – Gross advances rose 23 pct, total deposits grew 31.30 pct YoY.
- JSPL – Sign LoI for Roida-I iron ore & manganese block.
- ONGC – Agreement with Japan’s Mitsui O.S.K Lines for 2 large ethane carriers.
- Defence Cos – DAC approves Rs. 1.05 trillion worth of defence proposals.
Negative Read through
- Angel One – June gross client acquisition declined 41.50 pct, number of orders decline 31.60 pct YoY.
- Bank of Baroda – Loans growth declined QoQ, domestic deposits down 3 pct QoQ.
- Punjab & Sind Bank – Q1 gross advances fell 1.1 pct, deposits grew 1.1 pct QoQ.
- Vedanta – Aluminium production flat, saleable metal declined 7 pct QoQ.
- Bandhan Bank – Loans & advances rose 6.4 pct YoY, CASA ratio down 430 bps QoQ.
- Suryodaya SFB – Q1 loan growth at 9-quarter low, gross NPA up 140 bps QoQ.
- Trent – Q1FY26 growth seen around approx 20 pct.
- AWL Agri – Experienced a challenging Q1 due to convergence of headwinds.
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 Advisor 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.
