Market Commentary
Global markets – US indices closed negative on Thursday as the government shutdown extended into its ninth day. Dow Jones closed down by 0.5 pct. While Nasdaq closed red by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,358 | -0.5 | 9.0 |
| Nasdaq | 23,024 | -0.1 | 19.2 |
| Hang Seng | 26,455 | -1.1 | 31.9 |
| Nikkei | 48,087 | -1.0 | 20.5 |
Commodities – Gold prices remained fell and currently stood at USD 3,973 over profit booking. On the other hand, oil prices stood at USD 65.17/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,973 | 0.0 |
| Silver ($) | 49.34 | 0.5 |
| Brent Crude ($) | 65.17 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,851 | 55,121 |
| 100 DMA | 24,951 | 55,735 |
| 200 DMA | 24,180 | 53,296 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading down by 1.1 pct. While Nikkei trading lower by 1.0 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices closed higher on Thursday supported by rally in metal stocks.
Results Today – Waaree Renew Tech
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,172 | 0.5 | 5.2 |
| Nifty | 25,181 | 0.5 | 6.5 |
| Nifty Bank | 56,192 | 0.3 | 10.5 |
| Nifty Midcap 100 | 58,429 | 0.9 | 2.2 |
| Nifty Smallcap 100 | 18,000 | 0.6 | -4.1 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 864 | -255,507 |
| DII | 1308 | 588,003 |
Stocks to watch
Positive Read through
- NTPC Green – Signs MoU with Gujarat government to develop 15 GW renewable projects.
- Sri Lotus – To invest Rs 1 bn in arms for business operations and project-related requirement.
- TCS – CC sales growth came at 0.8 pct vs 0.3 pct estimate, to build 1 GW AI data centre in India.
- Tata Elxsi – Q2 largely in line with estimates, CC sales growth at 1 pct QoQ after 2 quarters of decline.
- SBI Life – Strong growth on a strong base in September, new business premium rose 32 pct YoY.
- Natco Pharma – Delhi High Court rejects Roche appeal, allows launch of generic Risdiplam.
- Axis Max Life – Strong growth on a very strong base in September, APE up 13 pct YoY.
- Lloyds Engg – Signs MoU with FlyFocus SP for joint development of UAV defender for India.
- Afcons Infra – Bags contract worth Rs 5.76 bn.
- Sona BLW – Signs MoU with Germany-based Neura Robotics for joint development of robots and humanoids.
- Railtel – Bags order of Rs. 182 mn from Centre of e-Governance, Karnataka.
- Ramco Systems – To digitise airline teardown operations for global engine maintenance.
Negative Read through
- HDFC Life – Weak growth on a strong base, September APE grew 6 pct YoY.
- LIC – Weak growth on a strong base, September APE fell 4 pct YoY.
- ICICI Pru – Weak growth on a strong base, September retail APE slipped 9 pct YoY.
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.
