Market Commentary
Global markets – US indices closed higher on Friday with tech gain and rate cut optimism. Dow Jones closed green by 0.5 pct. While Nasdaq closed higher by 1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,175 | 0.5 | 3.8 |
| Nasdaq | 21,450 | 1.0 | 11.1 |
| Hang Seng | 24,923 | 0.3 | 24.2 |
| Nikkei | 41,820 | 1.9 | 4.8 |
Commodities – Gold prices fell and currently stood at USD 3,376 over easing geopolitical tension. On the other hand, oil prices stood at USD 66.30/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,376 | -0.6 |
| Silver ($) | 38.07 | -0.6 |
| Brent Crude ($) | 66.30 | -0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,034 | 56,424 |
| 100 DMA | 24,474 | 54,840 |
| 200 DMA | 24,045 | 52,663 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.3 pct. While Nikkei closed green by 1.9 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices closed negative on Friday led by US tariff concerned and muted earnings growth.
Result Today – Bata
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,857 | -1.0 | 2.2 |
| Nifty | 24,363 | -0.9 | 3.0 |
| Nifty Bank | 55,004 | -0.9 | 8.1 |
| Nifty Midcap 100 | 56,002 | -1.6 | -2.1 |
| Nifty Smallcap 100 | 17,428 | -1.5 | -7.1 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1932 | -186,648 |
| DII | 7723 | 454,537 |
Stocks to watch
Positive Read through
- Brigade – Launches Brigade Cherry Blossom project in East Bengaluru, sales potential of Rs. 2.25 bn.
- Power Mech – EBITDA grew 49 pct, margin at 13.2 pct vs 11.3 pct YoY.
- OMCs – Government approves Rs. 300 bn as compensation for LPG under recoveries.
- Lemon Tree – Average room rate rose 10 pct, margin at 44.50 pct vs 43 pct YoY.
- Shilpa Medi – Gets CDSCO for NorUDCA tablets used to treat non-alcoholic fatty liver disease.
- BEML – Bags its maiden overseas contract from Malaysia worth USD 1 mn.
- DRL – USFDA issued EIR classifies manufacturing unit (CTO 5) in Telangana as voluntary action indicated.
- DCW – EBITDA rose 18.40 pct, margin at 11.4 pct vs 9 pct YoY.
- IDFC First Bank – Platinum Invictus B 2025 RSC gets RBI nod for its proposed investment in company.
- Zydus Life – Gets final US FDA nod for prucalopride tablets.
- DOMS – Sales jumped by 26 pct, EBITDA up 14 pct YoY.
- Entero Health – EBITDA rose 63 pct, margin at 3.5 pct vs 2.8 pct YoY.
Negative Read through
- Dhampur Sugar – EBITDA fell 16.50 pct, margin at 3 pct vs 4 pct YoY.
- Tata Motors – Mixed Q1 against muted estimates, volumes declined across the board.
- ICICI Bank – Sharply raises minimum balance requirement for new accounts from Aug 1.
- Voltas – Posted Q1 below estimates, margin at 4.50 pct vs 8.60 pct YoY.
- Manappuram Fin – Reported Q1 below estimates, calc NIM fell 80 bps QoQ.
- Shipping Corp – EBITDA down 4 pct, sales declines 13 pct YoY.
- Home First – Range Clove likely to sell entire 10.3 pct equity via block deals, issue price at 0-5 pct discount to CMP.
- Suprajit Engg – Margin at 9.47 pct vs 11.74 pct, EBITDA dropped 5.30 pct YoY.
- Siemens – Q3SY25 EBITDA margin lower than estimates, profit rose 7 pct below estimates.
- Ceigall India – EBITDA down 24 pct, margin at 13 pct vs 17.4 pct YoY.
- Puravankara – Posted loss vs profit, sales fell 20 pct YoY.
- TVS Supply – EBITDA declined 2.20 pct, margin at 6.83 pct vs 7.12 pct YoY.
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