Market Commentary
Global markets – US indices closed mixed on Monday ahead of Jackson Hole summit. Dow Jones closed red by 0.1 pct. While Nasdaq closed flat.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,911 | -0.1 | 5.6 |
| Nasdaq | 21,629 | -0.0 | 12.0 |
| Hang Seng | 25,147 | -0.1 | 25.4 |
| Nikkei | 43,625 | -0.2 | 9.4 |
Commodities – Gold prices remain steady and currently stood at USD 3,388 over easing geopolitical tensions. On the other hand, oil prices stood at USD 66.33/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,388 | 0.2 |
| Silver ($) | 37.90 | -0.3 |
| Brent Crude ($) | 66.33 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,020 | 56,370 |
| 100 DMA | 24,562 | 55,145 |
| 200 DMA | 24,047 | 52,759 |
Asian markets – Asian markets trading lower in the early morning trade, Hang Seng trading down by 0.1 pct. While Nikkei trading red by 0.2 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates over potential GST rate cuts. Benchmark Indices closed higher on Monday fuelled by GST Rate cuts that boosted rally in consumption-based stocks.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,273 | 0.8 | 4.0 |
| Nifty | 24,876 | 1.0 | 5.2 |
| Nifty Bank | 55,734 | 0.7 | 9.6 |
| Nifty Midcap 100 | 57,113 | 1.1 | -0.2 |
| Nifty Smallcap 100 | 17,790 | 1.4 | -5.2 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 550 | -196,270 |
| DII | 4103 | 477,641 |
Stocks to watch
Positive Read through
- Hind Zinc – Approved 10 MTPA tailings reprocessing plant, At CAPEX of up To Rs 38.23 bn.
- CWD Ltd – Received Rs. 760 mn purchase order for UPI sound boxes.
- Trent Ltd – Introduced Burnt Toast, a new youth-focused fashion brand in Surat, Gujarat.
- Indian Hotels – Partnered with Clarks Hotels & Resorts, adding 135 properties and 7,000 keys.
- Hero Moto – Delhi High Court Grants interim relief to company in trademark infringement suit against Destiny Electric Scooters.
- Marine Electricals – Received an Rs 174 mn order from Allweiler India for the supply of control panels.
- Virinchi – Plans to expand Virinchi hospital chain in oncology healthcare.
- JG Chem – New Greenfield facility in Dahej with 40,000 MT capacity, Rs 1 bn investment and Rs. 9 bn sales potential.
- Oriana Power – Secured a Rs 4.76 bn project to build a 75 MW solar power plant with 111.57 MWh battery storage, to be executed within 8 months.
- Vedanta – To Consider 2nd interim dividend for FY26 on August 21.
- SMPL Infra – Won order worth of Rs. 10.73 bn for water supply project under project Amrut 2.0.
Negative Read through
- Lodha Developers – Rajendra Lodha resigned as Director, under review by ethics committee.
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