Market Commentary
Global markets – US indices closed higher on Thursday as Nvidia earnings boosted AI rally. Dow Jones closed up by 0.2 pct. While Nasdaq closed green by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 45,544 | -0.2 | 7.1 |
| Nasdaq | 21,455 | -1.2 | 11.1 |
| Hang Seng | 25,576 | 2.0 | 27.5 |
| Nikkei | 41,849 | -2.0 | 4.9 |
Commodities – Gold prices rose and currently stood at USD 3,474 on tariff uncertainty. On the other hand, oil prices stood at USD 67.23/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,474 | 0.8 |
| Silver ($) | 40.29 | 1.5 |
| Brent Crude ($) | 67.23 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,998 | 56,165 |
| 100 DMA | 24,686 | 55,478 |
| 200 DMA | 24,071 | 52,905 |
Asian markets – Asian markets trading mixed in the early morning trade, Hang Seng trading up by 2 pct. While Nikkei trading negative by 2 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices extended losses on Friday as punitive U.S. tariffs on Indian goods are expected to hit economic growth and corporate earnings.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,809 | -0.3 | 2.1 |
| Nifty | 24,426 | -0.3 | 3.3 |
| Nifty Bank | 53,665 | -0.3 | 5.5 |
| Nifty Midcap 100 | 55,727 | -0.6 | -2.6 |
| Nifty Smallcap 100 | 17,227 | -0.4 | -8.2 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -8,312 | -219,533 |
| DII | 10,925 | 512,570 |
Stocks to watch
Positive Read through
- Reliance Industries – Brokerages positive on AGM announcements, Jio IPO in H1 2026.
- RBL Bank – Board approves fund raise up to Rs. 35 bn via QIP, issue debt securities up to Rs. 30 bn.
- Graphite India – MoU with Maharashtra government to facilitate company’s proposed investment in the state.
- Torrent Power – Gets LoA for a project worth Rs. 220 bn to set up 1,600 MW plant in MP.
- Ather Energy – August VAHAN registrations highest-ever in a month, launches EL platform.
- BEML – Bags Rs. 800 mn order for utility track vehicles from railways.
- Adani Power – Gets LoA for supply of power from 800 MW plant to be developed in MP.
- Zydus Wellness – Acquires UK-based Comfort Click for POUND 239 mn, forays into UK and EU markets.
- Airline – Jet fuel (ATF) price cut by Rs. 1,308/kl to Rs. 90,713.52/kl in Delhi.
- PG Electro – MoU with Maharashtra government to invest Rs. 10 bn for manufacturing unit.
- Neogen Chem – Arm to enter into 80:20 JV with Japan’s Morita to produce lithium salt.
- NCC – Water division of company bags orders worth Rs. 7.88 bn in August.
- RITES – Bags order worth Rs. 250 mn from NTPC.
- IOC – 19-kg LPG cylinder price cut by Rs. 51.50 to Rs. 1,580 in Delhi.
Negative Read through
- Vodafone Idea – July net subscriber losses at 0.36 mn users vs 0.22 mn users lost in June.
- IndusInd – Shareholders rejected promoter’s bid to nominate additional nominee director.
- Aurobindo – US FDA issues Form 483 with 5 observations for API manufacturing unit-1 in Telangana.
- NHPC – Board approves revised borrowing plan to raise debt to Rs. 100 bn in FY26.
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.
