Market Commentary
Global markets – US indices closed mixed on Tuesday after Trump planning to impose 50 pct tariff on import of copper. Dow Jones closed negative by 0.4 pct. While Nasdaq closed flat.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,240 | -0.4 | 4.0 |
| Nasdaq | 20,418 | 0.0 | 5.7 |
| Hang Seng | 24,003 | -0.6 | 19.7 |
| Nikkei | 39,677 | -0.0 | -0.5 |
Commodities – Gold prices fell and currently stood at USD 3,290 over trade optimism. On the other hand, oil prices stood at USD 68.19/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,290 | -0.2 |
| Silver ($) | 36.53 | 0.1 |
| Brent Crude ($) | 68.19 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,871 | 55,773 |
| 100 DMA | 23,952 | 53,094 |
| 200 DMA | 24,090 | 52,197 |
Asian markets – Asian markets trading negative in the early morning trade. Hang Seng trading down by 0.6 pct. While Nikkei trading flat.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed higher on Tuesday led by financial stocks, though broader market weakness and new tariff proposals capped overall gains.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,712 | 0.3 | 7.1 |
| Nifty | 25,522 | 0.2 | 7.9 |
| Nifty Bank | 57,256 | 0.5 | 12.6 |
| Nifty Midcap 100 | 59,415 | -0.2 | 3.9 |
| Nifty Smallcap 100 | 18,895 | -0.3 | 0.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -26 | -128,080 |
| DII | 1366 | 365,194 |
Stocks to watch
Positive Read through
- Lupin – Licence and supply agreement with Zentiva to commercialise biosimilar certolizumab pegol.
- Bajel Projects – To increase galvanization capacity to 1.1Lk MTPA from 40,500 MTPA.
- BEL – Indian Navy signs contract with company for implementation of NMDA project.
- Ola Electric – Announces mass roll-out of MoveOS 5, the biggest software upgrade yet.
- Signature Global – Sales value up 63 pct, area sold rises 19 pct QoQ.
- Epack – Commences production of washing machines at Sri City plant.
- Tata Tech – Partners with Emerson for advanced testing solutions for next-gen mobility.
- JSW Steel – Q1 crude steel production up 14 pct, India operations up 15 pct YoY.
- CAMS – Launches CAMSPay, a new payment gateway system.
- Sun TV – Maran brothers may have settled dispute after mediation by TN CM MK Stalin.
- Supreme Ind – Gets LoA worth Rs. 540 mn from BPCL for supply of LPG cylinders.
- Petronet LNG – Delhi High Court grants interim protection to company from PNGRB regulations 2025.
- NTPC – Declared on commercial operation of 2nd unit of Tehri PSP of company.
Negative Read through
- Union Bank – Weakest loan growth in the last 4 quarters, Gross advances declined 8 pct QoQ.
- Tata Steel – Q1 sales delivery volume slipped 3.8 pct, production volume fell 0.2 pct YoY.
- Guj Pipavav – Q1 containers cargo volume at 1.64LK units TEU vs 1.65 LK TEUs, dry bulk volume flat YoY.
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