Market Commentary
Global markets – US indices closed extended gains on Thursday after US jobless claims declined against expectations. Dow Jones closed higher by 0.4 pct. While Nasdaq closed green by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,650 | 0.4 | 5.0 |
| Nasdaq | 20,630 | 0.1 | 6.8 |
| Hang Seng | 24,342 | 1.3 | 21.4 |
| Nikkei | 39,593 | -0.1 | -0.8 |
Commodities – Gold prices rose and currently stood at USD 3,334 supported by safe haven demand and trade tensions. On the other hand, oil prices stood at USD 68.86/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,334 | 0.3 |
| Silver ($) | 37.13 | 0.3 |
| Brent Crude ($) | 68.86 | 0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,939 | 55,884 |
| 100 DMA | 24,015 | 53,313 |
| 200 DMA | 24,091 | 52,264 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading up by 1.3 pct. While Nikkei trading negative by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark indices tumbled on Thursday pressured by IT stocks over upcoming earnings and uncertainty over a potential U.S. trade deal.
Result Today – Avenue Supermart
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,190 | -0.4 | 6.5 |
| Nifty | 25,355 | -0.5 | 7.2 |
| Nifty Bank | 56,956 | -0.4 | 12.0 |
| Nifty Midcap 100 | 59,159 | -0.3 | 3.4 |
| Nifty Smallcap 100 | 18,956 | -0.3 | 1.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 221 | -127,782 |
| DII | 591 | 366,706 |
Stocks to watch
Positive Read through
- Mphasis – US arm to acquire 26 pct stake in Aokah for USD 4 mn.
- Tata Steel – Acquires 12.5 mn shares of arm T Steel Holdings worth Rs. 10.74 bn.
- JSW Infra – COC approves company’s resolution plan for NCR Rail Infrastructure, issue LoI.
- Tourism Finance – Board approves stock split in the ratio of 1:5.
- HUL – Rohit Jawa steps down as MD & CEO, Unilever veteran Priya Nair to takeover.
- Glenmark Pharma – Pact with AbbVie for multiple myeloma drug, get USD 700 mn upfront payment.
- Popular Vehicles – Arm gets LoI to set up Ather facilities in Chennai, Tamil Nadu.
- Anand Rathi – Meets 88 pct of FY26 AUM guidance in Q1, margin at 46.6 pct vs 41.3 pct YoY.
- Aegis Logistics – Transfers Pipavav LPG terminal to Aegis Vopak for Rs. 4.28 bn.
- Lemon Tree – Signs two new properties in Maharashtra.
- Birla Corp – Preferred bidder for Tadas Limestone Block-II, District Nagaur.
- Enviro Infra – Forays into ZLD space with Rs. 4 bn CETP EPC order.
Negative Read through
- IREDA – Gross NPA at 4.13 pct vs 2.45 pct QoQ, profit down 35.70 pct YoY.
- Zee Entertainment – Shareholders not in favour of resolution to issue warrants to promoters.
- TCS – Q1 CC sales declined 3.3 pct QoQ vs estimate of a 1.4 pct decline.
- Tata Elxsi – CC sales declined 3.9 pct QoQ, margin at 20.90 pct vs 22.90 pct QoQ.
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