Market Commentary
Global markets – US indices closed negative on Friday amid latest tariff threats. Dow Jones closed lower by 0.6 pct. While Nasdaq closed red by 0.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,371 | -0.6 | 4.3 |
| Nasdaq | 20,585 | -0.2 | 6.6 |
| Hang Seng | 24,125 | -0.1 | 20.3 |
| Nikkei | 39,469 | -0.3 | -1.1 |
Commodities – Gold prices rose and currently stood at USD 3,357 as Trump imposes new tariffs. On the other hand, oil prices stood at USD 70.14/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,357 | 0.1 |
| Silver ($) | 38.54 | 0.5 |
| Brent Crude ($) | 70.14 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,954 | 55,915 |
| 100 DMA | 24,036 | 53,385 |
| 200 DMA | 24,087 | 52,278 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading negative by 0.3 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices extended losses on Friday pressured by uncertainty over a potential U.S. trade deal.
Result Today – HCL Tech, Tata Tech
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,500 | -0.8 | 5.6 |
| Nifty | 25,149 | -0.8 | 6.4 |
| Nifty Bank | 56,754 | -0.4 | 11.6 |
| Nifty Midcap 100 | 58,642 | -0.9 | 2.5 |
| Nifty Smallcap 100 | 18,763 | -1.0 | 0.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5104 | -132,886 |
| DII | 3558 | 370,265 |
Stocks to watch
Positive Read through
- Wockhardt – Exits loss-making US generics business, FY25 loss at USD 8 mn.
- Gland Pharma – GMP compliance certificate from the Danish Medicines Agency.
- HFCL – Board approves expansion of IBR cable capacity with Rs. 1.25 bn investment.
- Rites – Receives order for construction in Karnataka worth Rs. 460 mn.
- IRB Infra – June toll collections grew 5 pct, Q1 toll sales up 8 pct YoY.
- NCC – Gets contract from MMRDA worth Rs. 22.69 bn for Mumbai Metro Line 6.
- Ajmera Realty – Q1 sales value fell while collections jumped 42 pct YoY.
- Global Health – HC doesn’t stay construction of GHL Hospital, as asked by a petitioner.
- Indegene – Launches NEXT medical writing automation.
- Castrol – Tribunal rules in favour of company in Maharashtra tax dispute case.
Negative Read through
- Glenmark Pharma – Receives warning letter from US FDA for Indore facility.
- Kolte Patil – Q1 sales value declined 13.3 pct, collections fell 10.1 pct YoY.
- Divi’s Labs – MSN wins patent litigation related to Novartis’ cardiac drug Entresto.
- Allcargo Terminals – June CFS volumes slipped 4.5 pct MoM at 48.7 TEUs.
- Avenue Supermarts – Earnings miss estimates, margin contracted 100 bps YoY.
- Sula Vineyards – Q1 sales fell 8 pct, own brands sales slipped 11 pct YoY.
- VIP Ind – Multiples consortium to buy up to 58 pct at Rs. 388/share.
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