Market Commentary
Global markets – US indices closed higher on Monday as US and China agrees to suspend tariffs. Dow Jones jumped by 2.8 pct. While Nasdaq rose 4.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,410 | 2.8 | -0.3 |
| Nasdaq | 18,708 | 4.4 | -3.1 |
| Hang Seng | 23,204 | -1.5 | 15.7 |
| Nikkei | 38,296 | 1.7 | -4.0 |
Commodities – Gold prices dropped and currently trading at USD 3,230 over easing tariff risk. On the other hand, oil prices fell and stood at USD 64.62/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,230 | -0.2 |
| Silver ($) | 32.77 | 0.6 |
| Brent Crude ($) | 64.62 | -0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,293 | 51,485 |
| 100 DMA | 23,385 | 50,737 |
| 200 DMA | 24,046 | 51,204 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading negative by 1.5 pct. While Nikkei trading up by 1.7 pct.
Indian Indices – India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark indices jumped on Monday driven by broad based rally due to easing Geopolitical developments.
Result Today – Bharti Airtel, Tata Motors, Cipla, Hero MotoCorp, GRSE.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,429 | 3.7 | 5.5 |
| Nifty | 24,924 | 3.8 | 5.4 |
| Nifty Bank | 55,382 | 3.3 | 8.9 |
| Nifty Midcap 100 | 55,416 | 4.1 | -3.1 |
| Nifty Smallcap 100 | 16,767 | 4.2 | -10.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1246 | -132,510 |
| DII | 1448 | 232,447 |
Stocks to watch
Positive Read through
- Hindalco – Novelis Q4 improves, FY26 guidance withdrawn.
- Zaggle Prepaid – EBITDA grew 32 pct, sales increased 50.9 pct YoY.
- Thomas Cook – EBITDA up 12.4 pct, sales rose 18.7 pct YoY.
- KIMS – EBITDA jumped 24.6 pct, sales grew 25.7 pct YoY.
- Pharma – Better-than-feared Donald Trump’s executive order on pharma.
- Tata Steel – Posted Q4 in-line with estimates, net debt declined QoQ.
- JM Financial – NII rose 31.9 pct, posted profit at Rs. 1.34 bn vs Rs. 275 mn YoY.
- Piramal Pharma – To invest USD 90 mn for capex at two existing US sites.
- TD Power – EBITDA jumped 56.2 pct, margin at 18.8 pct vs 15.8 pct YoY.
- Care Ratings – EBITDA rose 64.8 pct, margin at 43.2 pct vs 32 pct YoY.
- Cochin Shipyard – In collaboration with Drydocks World to strengthening India’s ship repair and offshore fabrication capabilities.
- HFCL – Bags Rs. 1.57 bn order for BharatNet Phase III in West Bengal.
Negative Read through
- Premier Explosives – Telangana Pollution Control Board orders closure of Katepally unit.
- Happiest Minds – Profit fell 32 pct, margin at 15.4 pct vs 17.7 pct QoQ.
- Kfin Tech – GA may sell up to 10 pct via block deals, price at 8.3 pct discount to CMP.
- Paytm – Antfin may sell up to 4 pct via block deals, price at 6.5 pct discount to CMP.
- Raymond – Consolidated Q4 profit declined 40 pct, margin at 16.4 pct vs 23.3 pct YoY.
- Raymond Life – EBITDA slipped 94.6 pct, margin at 1 pct vs 14.6 pct YoY.
- Sagar Cements – Q4 posted loss vs profit, EBITDA/tonne declined 48.3 pct YoY.
- Morepen Lab – EBITDA fell 12.6 pct, margin at 9 pct vs 11.4 pct YoY.
- Carborundum – EBITDA dropped 30.3 pct, margin at 12 pct vs 17.4 pct YoY.
- Gensol Eng – MD and Whole Time Director resigned.
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