Market Commentary
Global markets – US indices closed mixed on Friday on signs of shutdown progress. Dow Jones closed green by 0.2 pct. While Nasdaq closed lower by 0.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,987 | 0.2 | 10.4 |
| Nasdaq | 23,004 | -0.2 | 19.1 |
| Hang Seng | 26,381 | 0.5 | 31.5 |
| Nikkei | 50,766 | 1.0 | 27.3 |
Commodities – Gold prices rose and currently stood at USD 4,046 on softer amid signs of US economy weakness. On the other hand, oil prices stood at USD 64.09/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,046 | 1.2 |
| Silver ($) | 49.03 | 1.5 |
| Brent Crude ($) | 64.09 | 0.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,202 | 55,924 |
| 100 DMA | 25,110 | 56,099 |
| 200 DMA | 24,375 | 54,002 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.5 pct. While Nikkei trading positive by 1.0 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices continued losses on Friday as foreign outflows outweighed optimism over corporate earnings and India–U.S. trade talks.
Results Today – Bajaj Finance, Solar Industries, KPIT Tech, KEC Intl
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,216 | -0.1 | 6.5 |
| Nifty | 25,492 | -0.1 | 7.8 |
| Nifty Bank | 57,876 | 0.6 | 13.8 |
| Nifty Midcap 100 | 59,843 | 0.6 | 4.6 |
| Nifty Smallcap 100 | 18,075 | -0.2 | -3.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 4581 | -258,814 |
| DII | 6674 | 647,276 |
Stocks to watch
Positive Read through
- Nykaa – Highest EBITDA margin and Profit since IPO, GMV growth in six quarters.
- Nalco – EBITDA jumped 25 pct, margin at 45 pct vs 39 pct YoY.
- Autos – China suspends new export controls for one year.
- HAL – Signs agreement with GE for supply of 113 F404-GE-IN20 engines for LCA Mk1A.
- Bajaj Auto – Q2 in-line with estimates, margin at multi-quarter high of 20.5 pct.
- Lumax Auto – EBITDA rose 50.4 pct, margin at 13.35 pct vs 12.19 pct YoY.
- Sugar Cos – Government allows 1.5 mt sugar exports for 2025–26, removes molasses duty.
- Lloyds Engg – Standalone EBITDA up 19 pct, margin at 15.5 pct vs 15 pct YoY.
- Sasken Tech – EBITDA grew 3 pct, margin at 6 pct vs 5.4 pct YoY.
- Kalyan Jewellers – Strong Q2, EBITDA up 56 pct, margin at 6.3 pct vs 5.3 pct YoY.
- Olectra Green – EBITDA up 10.4 pct, sales increased 25.4 pct YoY.
- Neuland Labs – Sales climbed 63.7 pct, margin at 30.4 pct vs 20.8 pct YoY.
- Krsnaa Diagnostics – EBITDA rose 19 pct, margin at 28.5 pct vs 26.52 pct YoY.
- JSW Cement – Margin at 18.62 pct vs 13.20 pct, sales up 17.4 pct YoY.
Negative Read through
- Biocon – US FDA issues two observations for API unit (Site 6), Visakhaprofitnam.
- Poly Medicure – Margin at 25.84 pct vs 27.43 pct YoY, EBITDA flat.
- Trent – Soft sales growth, Profit lower due to higher depreciation.
- Va Tech – Margin at 10.7 pct vs 13.4 pct, EBITDA declined 4.6 pct YoY.
- Trans & Rectifiers – EBITDA down 27 pct, margin at 11.15 pct vs 15.13 pct YoY.
- Karnataka Bank – NII down 13 pct, profit fell 5 pct YoY.
- Petro LNG – EBITDA dropped 3.7 pct, sales declined 7.3 pct YoY.
- SCI – EBITDA tumbled 23.7 pct, margin at 30.3 pct vs 36.7 pct YoY.
- Nucleus Soft – EBITDA and sales declined 2 pct each YoY.
- Puravankara – Loss expanded, margin at 16.2 pct vs 22.7 pct YoY.
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