Market Commentary
Global markets – US indices closed mixed on Monday over upcoming earnings. Dow Jones closed flat. While Nasdaq closed green by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,323 | -0.0 | 4.2 |
| Nasdaq | 20,974 | 0.4 | 8.6 |
| Hang Seng | 24,982 | -0.1 | 24.5 |
| Nikkei | 39,892 | 0.2 | 0.0 |
Commodities – Gold prices fell and currently stood at USD 3,389 on tariff deadline. On the other hand, oil prices stood at USD 68.65/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,389 | -0.2 |
| Silver ($) | 38.83 | -0.2 |
| Brent Crude ($) | 68.65 | -0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,016 | 56,108 |
| 100 DMA | 24,123 | 53,695 |
| 200 DMA | 24,070 | 52,335 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading green by 0.2 pct.
Indian Indices
India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark indices closed positive on Monday driven by rally in banking stocks.
Result Today – Dixon, Colgate, Zee Ent.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,200 | 0.5 | 5.2 |
| Nifty | 25,090 | 0.5 | 6.1 |
| Nifty Bank | 56,952 | 1.2 | 12.0 |
| Nifty Midcap 100 | 59,468 | 0.6 | 4.0 |
| Nifty Smallcap 100 | 18,958 | -0.0 | 1.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1681 | -141,239 |
| DII | 3578 | 383,344 |
Stocks to watch
Positive Read through
- Ultratech – Positive commentary, company targets 10 pct YoY volume growth in FY26.
- Titan – Acquires 67 pct in Damas Jewellery at an enterprise value of Rs. 24.39 bn.
- Choice Intl – Profit jumped 50 pct, client assets under stock broking up 16 pct YoY.
- PNB Housing – NII & PPoP grew 17 pct YoY, disbursements up 14 pct YoY.
- Bansal Wire – Sales increased 15 pct, EBITDA rose 17 pct YoY.
- Sagar Cements – Reports profit after 4 consecutive quarters of losses.
- BL Kashyap – Received contract of Rs. 9.10 bn from BPT.
- Afcons Infra – L1 bidder for a railway line project of Rs. 68 bn in Croatia.
- DCM Shriram – Sales grew 14 pct, margin expanded 70 bps, caustic volumes rose 20 pct YoY.
Negative Read through
- Havells – Lloyd and ECD drag Q1 earnings, sales declined 6 pct, margin in-line.
- Bajaj Finance – Anup Saha resigns as MD, Rajeev Jain re-designated as VC & MD.
- CIE Auto – Sales up 4 pct, margin declined 200 bps YoY & fell 120 bps QoQ.
- Dhanalakshmi Bank – GNPA rose 10 pct & NNPA increased 18 pct QoQ.
- 360 One Wam – BC Asla Investments may sell 3.7 pct stake, floor price at 5 pct discount to CMP.
- Parag Milk – Margin slipped 40 bps, volume growth at 5 pct, value growth at 12 pct YoY.
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