Market Commentary
Global markets – US indices extended gain on Monday led by tech earnings. Dow Jones closed green by 0.7 pct. While Nasdaq closed positive by 1.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,544 | 0.7 | 11.8 |
| Nasdaq | 23,637 | 1.9 | 22.4 |
| Hang Seng | 26,392 | -0.2 | 31.6 |
| Nikkei | 50,419 | -0.2 | 26.4 |
Commodities – Gold prices rebounded after sharp fall and currently stood at USD 3,984. On the other hand, oil prices stood at USD 64.91/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,984 | -0.0 |
| Silver ($) | 46.67 | -0.6 |
| Brent Crude ($) | 64.91 | -1.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,065 | 55,527 |
| 100 DMA | 25,044 | 55,958 |
| 200 DMA | 24,281 | 53,649 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.2 pct. While Nikkei trading negative by 0.2 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices rebounded on Monday over US rate cuts beta and easing trade concerns.
Results Today – TVS Motors, Tata Capital, Samhi, Premier Energies.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 84,788 | 0.7 | 8.5 |
| Nifty | 25,966 | 0.7 | 9.8 |
| Nifty Bank | 58,114 | 0.7 | 14.3 |
| Nifty Midcap 100 | 59,780 | 0.9 | 4.5 |
| Nifty Smallcap 100 | 18,403 | 0.8 | -2.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -55 | -255,134 |
| DII | 2492 | 614,396 |
Stocks to watch
Positive Read through
- Reliance – Jio net adds 3.25 mn users in September vs 1.95 mn added in August.
- Mazagon – EBITDA margin expanded 520 bps, sales grew 6 pct YoY.
- Indus Towers – EBITDA above estimate, margin up 180 bps QoQ, tower additions rose to 4,301.
- NTPC Green – MoU with Paradip Port Authority to explore green hydrogen collaboration.
- Tata Chem – Nairobi appeals court quashes Rs. 8 bn demand against company by county government.
- RVNL – Bags an order worth Rs. 1.65 bn from North Eastern Railway for bridge construction.
- Canara HSBC Life – H1 total premium grew 25 pct YoY, total APE rose 11 pct YoY.
- Sona BLW – Earnings better than estimates, EBITDA up 13 pct YoY.
- IOC – Q2 above estimate, GRMs at USD 10.7/bbl vs estimate at USD 6.5/bbl.
- JK Tyre – Healthy Q2, India business leads the growth, Mexico steady.
- PNB Housing – Profit jumped 24 pct, credit cost to be negative in FY26.
- Sai Silk – EBITDA up 30.1 pct, margin at 16.2 pct vs 15.9 pct YoY, to double process R&D capacity.
- Mahindra Logistics – EBITDA up 29.5 pct, margin at 5 pct vs 4.3 pct (YoY).
- Dilip Buildcon – Declared lowest bidder for Tamil Nadu project worth Rs. 879 crore.
Negative Read through
- Voda Idea – Net loses 0.74 mn users in September vs 0.31 mn users lost in August.
- Bata – Weak quarter as GST transition hurts, EBITDA declined 16.7 pct YoY.
- Hexaware – Denies all allegations by Natsoft in lawsuit, claims are without merit.
- HOEC – Crude supplied to HPCL has high salt & chloride; refiner seeking damages.
- Canara Robeco AMC – Margin slipped 440 bps, EBITDA fell 17 pct QoQ.
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