Market Commentary
Global markets – US indices closed Negative on Friday over latest tariff and soft jobs data. Dow Jones closed red by 1.2 pct. While Nasdaq tumbled 2.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 43,588 | -1.2 | 2.5 |
| Nasdaq | 20,650 | -2.2 | 6.9 |
| Hang Seng | 24,614 | -0.4 | 22.7 |
| Nikkei | 40,134 | -1.6 | 0.6 |
Commodities – Gold prices fell and currently stood at USD 3,355 over stronger dollar. On the other hand, oil prices stood at USD 69.53/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,355 | -0.2 |
| Silver ($) | 37.04 | -0.0 |
| Brent Crude ($) | 69.53 | 0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,051 | 56,423 |
| 100 DMA | 24,388 | 54,547 |
| 200 DMA | 24,050 | 52,589 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.4 pct. While Nikkei trading red by 1.6 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark extended losses on Fridays tracking deep losses in metal, IT and telecom stocks on concerns over US tariff measures.
Result Today – Aurobindo Pharma, Marico, Bosch
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,599 | -0.7 | 3.1 |
| Nifty | 24,565 | -0.8 | 3.9 |
| Nifty Bank | 55,617 | -0.6 | 9.4 |
| Nifty Midcap 100 | 56,637 | -1.3 | -1.0 |
| Nifty Smallcap 100 | 17,668 | -1.7 | -5.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3366 | -173,635 |
| DII | 3186 | 421,998 |
Stocks to watch
Positive Read through
- Shakti Pumps – EBITDA up 5.7 pct, sales rose 10 pct YoY.
- KPI Green – Charging/energization nod for 76.22 MW of solar & wind-solar hybrid power projects.
- ITC – Sales beat led by cigarettes & Agri trading, cigarettes volume growth at multi-quarter high.
- Tata Power – Q1 above estimates, margin at 23 pct vs 20.70 pct YoY.
- Titagarh Rail – Bags order from NCC for MMRDA project worth Rs. 15.99 bn.
- Medplus – EBITDA jumped 41 pct, margin at 8.50 pct vs 6.24 pct YoY.
- Torrent Ph – US FDA issues zero observations for manufacturing unit at Vizag, Andhra Pradesh.
- HPCL – Signed 10-year agreement with Abu Dhabi Gas Liquefaction Company for LNG procurement.
- Dilip Buildcon – JV emerges as lowest bidder for Gurugram Metro rail project worth Rs. 15.04 bn.
- Hero Moto – July sales in-line with estimates, scooter sales grew 64 pct YoY.
- CG Power – Madhya Pradesh government allots 45 acres on 99-year lease for transformer unit.
- Delhivery – Margin at 6.50 pct vs 4.50 pct, EBITDA increased 53 pct YoY.
- Stylam Ind – EBITDA up 27 pct, margin at 18.70 pct vs 17.20 pct YoY.
- Moil – July manganese ore production up 11.40 pct YoY at 1.45 lakh tonnes.
Negative Read through
- Honeywell – Q1 missed estimates, gross margin fell ~700 bps YoY.
- Abb India – Q2 gross margin shrank 460 bps, profit fell 21 pct YoY.
- Jubilant Ph – US FDA issues 4 observations for solid dosage manufacturing unit at Roorkee.
- Federal Bank – Credit cost grew 38 bps QoQ, slippages up 58 pct YoY.
- MCX – Q1 below estimates, board approves stock split in 1:5 ratio.
- LIC Housing Fin – NIM declined 20 bps QoQ, credit cost higher.
- Jupiter Life – Margin flat, profit fell 1.4 pct YoY.
- Finolex – EBITDA fell 55 pct, margin at 9 pct vs 18 pct YoY.
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