Market Commentary
Global markets – US indices closed mixed on Tuesday over April inflation data. Dow Jones slipped by 0.6 pct. While Nasdaq jumped by 1.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,140 | -0.6 | -0.9 |
| Nasdaq | 19,010 | 1.6 | -1.6 |
| Hang Seng | 23,352 | 1.1 | 16.4 |
| Nikkei | 37,874 | -0.8 | -5.1 |
Commodities – Gold prices dropped and currently trading at USD 3,230 as trade tension eased. On the other hand, oil prices fell and stood at USD 66.17/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,230 | -0.6 |
| Silver ($) | 32.62 | -0.8 |
| Brent Crude ($) | 66.17 | -0.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,329 | 51,604 |
| 100 DMA | 23,384 | 50,750 |
| 200 DMA | 24,046 | 51,217 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 1.1 pct. While Nikkei trading low by 0.8 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices tumbled on Tuesday amid weak global cues and renewed concerns about trade tensions between India and the US.
Result Today – HAL, Eicher Motors, Tata Power, Lupin, Kirloskar brothers.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,148 | -1.6 | 3.9 |
| Nifty | 24,578 | -1.4 | 4.0 |
| Nifty Bank | 54,590 | -0.8 | 8.0 |
| Nifty Midcap 100 | 55,520 | 0.2 | -2.9 |
| Nifty Smallcap 100 | 16,903 | 0.8 | -9.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -476 | -132,987 |
| DII | 4273 | 236,721 |
Stocks to watch
Positive Read through
- Garden Reach – Posted Q4 above estimate, margin at 13.5 pct vs 9 pct YoY.
- Bharti Airtel – Reported Q4 results above estimate led by Africa business, India business in-line.
- Coromandel Intl – Added in MSCI Global Standard Index in May review.
- Bharti Hexacom – Q4 sales growth above estimate, ARPU at Rs. 2.42 vs Rs. 2.41 QoQ.
- Tata Motors – Q4 earnings largely above estimates, outlook cautious.
- Nykaa – Added in MSCI Global Standard Index in May review.
- GSK Pharma – EBITDA rose 29.5 pct, margin at 34.2 pct vs 27.7 pct YoY.
- ONGC/Oil – Crude extends gains, Brent above USD 66/bbl.
- AB Capital – Q4 housing finance business NII rose 59 pct YoY, FY25 revenue grew 20 pct YoY.
- Max Fin – VNB, VNB margin above estimate, VNB margin up 45 bps YoY.
Negative Read through
- VIP – EBITDA fell 18.2 pct, sales declined by 4.3 pct YoY.
- OMCS/Paint Cos – Crude extends gains, Brent above USD 66/bbl.
- Siemens – Q2SY25 ex-demerger results largely below estimate, EBITDA dropped 27 pct YoY.
- VST Tillers – Margin at 13.4 pct vs 14.6 pct, profit down 30 pct YoY.
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