Market Commentary
Global markets – US indices tumbled on Friday as Iran retaliates against Israel attack. Dow Jones closed red by 1.8 pct. While Nasdaq closed negative by 1.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,197 | -1.8 | -0.8 |
| Nasdaq | 19,406 | -1.3 | 0.5 |
| Hang Seng | 23,856 | -0.6 | 18.9 |
| Nikkei | 38,193 | 0.9 | -4.3 |
Commodities – Gold prices rose and currently trading at USD 3,437 over escalating Israel–Iran war. On the other hand, oil prices rose and stood at USD 74.86/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,437 | 0.1 |
| Silver ($) | 36.31 | 0.1 |
| Brent Crude ($) | 74.86 | 0.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,272 | 54,517 |
| 100 DMA | 23,640 | 51,905 |
| 200 DMA | 24,082 | 51,778 |
Asian markets – Asian markets trading mixed in the early morning trade over global uncertainty. Hang Seng slipped by 0.6 pct. While Nikkei trading higher by 0.9 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices slipped on Friday, driven by escalating geopolitical developments in Middle East.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,691 | -1.0 | 4.5 |
| Nifty | 24,888 | -1.0 | 5.3 |
| Nifty Bank | 56,082 | -0.7 | 10.3 |
| Nifty Midcap 100 | 58,440 | -1.6 | 2.2 |
| Nifty Smallcap 100 | 18,465 | -1.8 | -1.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1236 | -134,635 |
| DII | 3041 | 329,050 |
Stocks to watch
Positive Read through
- Godrej Prop – To develop 14-acre land parcel in Bengaluru, sales potential at Rs. 15 bn.
- NTPC – One 660 MW phase of 3-phase super thermal capacity starts operations.
- Birla Corp – Preferred bidder for 500-hectare limestone block in Rajasthan.
- Syngene – US FDA issues no action indicated status for Semicon Park unit in Bengaluru.
- SpiceJet – Reported profit for the first time in 7 years in FY25, EBITDA rose 19 pct YoY.
- ONGC/Oil – Oil prices elevated, Brent near USD 75/bbl as Iran-Israel conflict escalates.
- HBL Engg – Gets LoA for Kavach orders worth Rs. 1.64 bn.
- Tanla Platforms – Board meet today to mull buyback.
- Vedanta – To consider first interim dividend for FY26 on June 18.
- Zee Ent – To mull fund raise, 3–5 year growth in board meet today.
- Tata Motors – Ratings agency has upgraded JLR Plc to BA1/Positive from BA2/Positive.
- Arkade Dev – Announced entry into the Thane real estate market with a 6.28-acre land acquisition.
Negative Read through
- Paint cos/OMCs – Oil prices elevated, Brent near USD 75/bbl as Iran-Israel conflict escalates.
- Nazara Tech – Rekha Jhunjhunwala exits company, sells 2.72 mn shares on Friday via block deals.
- Sun Pharma – US FDA issues 8 observations for Halol facility.
- Natco Pharma – US FDA issues one observation for Hyderabad API unit.
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