Market Commentary
Global markets – US indices jumped on Monday on hopes for an end to the government shutdown. Dow Jones closed green by 0.8 pct. While Nasdaq closed higher by 2.3 pct.]Global Indices % Change Last Close 1 day YTD Dow Jones 47,368 0.8 11.3 Nasdaq 23,527 2.3 21.8 Hang Seng 26,530 -0.4 32.3 Nikkei 51,131 0.4 28.2
Commodities – Gold prices rose and currently stood at USD 4,139 as growing economic uncertainty in the US fuelled expectations for a near-term Federal Reserve rate cut. On the other hand, oil prices stood at USD 63.91/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,139 | 0.6 |
| Silver ($) | 50.72 | 0.5 |
| Brent Crude ($) | 63.91 | 0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,219 | 55,993 |
| 100 DMA | 25,116 | 56,119 |
| 200 DMA | 24,387 | 54,049 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.4 pct. While Nikkei trading positive by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices rebounded on Monday as global sentiment improved on the possibility of an end to the historic U.S. government shutdown.
Results Today – Bajaj Finserv, Tata Power, Bosch, BSE, Bharat Forge, Thermax, Transrail
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,535 | 0.4 | 6.9 |
| Nifty | 25,574 | 0.3 | 8.2 |
| Nifty Bank | 57,937 | 0.1 | 13.9 |
| Nifty Midcap 100 | 60,124 | 0.5 | 5.1 |
| Nifty Smallcap 100 | 18,138 | 0.3 | -3.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 4581 | -258,814 |
| DII | 6674 | 647,276 |
Stocks to watch
Positive Read through
- Tata Motors – To list CV arm on November 12, 2025.
- Ather Energy – Mixed set of earnings, market share increase continues.
- Syrma SGS – EBITDA up 62 pct, to acquire 60 pct equity in Elcome Integrated Systems for Rs 2.4 bn.
- HUDCO – Reported highest ever half-yearly disbursement, H1 loan sanctions up 21.6 pct YoY
- Voda Idea – Losses narrow, ARPU at Rs. 167 vs Rs. 165 QoQ.
- Cartrade – Likely to acquire Cardekho, deal in advanced stage.
- Glenmark – Gets China regulator nod for Ryaltris nasal spray.
- Sri Lotus – Q2 pre-sales jumped 126 pct YoY, collections rose 16 pct YoY.
- Oil – Rovuma Basin Mozambique concessionaires to lift force majeure.
- IRB Infra – October toll collections grew 9 pct YoY.
Negative Read through
- Kalpataru – EBITDA declined 80.5 pct, margin at 0.9 pct vs 7 pct YoY.
- Bajaj Finance – AUM growth guidance cut to 22-23 pct from 24-25 pct, Q2 in line.
- Popular Vehicles – EBITDA fell 16 pct, margin at 2.95 pct vs 3.56 pct YoY.
- Dr. Reddy’s – Jayanth Sridhar resigns as global head of biologics, effective January 31, 2026.
- Balaji Amines – Profit slipped 15.6 pct, margin flat YoY.
- Gujarat Gas – Weak Q2, total volumes down 3 pct, industrial volumes declined 11 pct QoQ.
- ONGC – Posted Q2 below estimates, EBITDA down 5 pct QoQ.
- Gopal Snacks – EBITDA tumbled 48.3 pct, margin at 6.4 pct vs 11.6 pct YoY.
- Britannia – Varun Berry resigns as MD & CEO with immediate effect, term ends 2029.
- Triveni Turbine – Muted quarter, profit and sales flat YoY.
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