Market Commentary
Global markets – US indices closed mixed on Wednesday as Federal Reserve kept policy rate unchanged amid higher inflation estimates. Dow Jones closed lower by 0.1 pct. While Nasdaq surged by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,172 | -0.1 | -0.9 |
| Nasdaq | 19,546 | 0.1 | 1.2 |
| Hang Seng | 23,624 | -0.2 | 17.8 |
| Nikkei | 38,607 | -0.5 | -3.2 |
Commodities – Gold prices hovered at USD 3,380 amid geopolitical tensions. Oil prices surged and stood at USD 76.38/bbl as Trump says Iran to negotiate.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,380 | -0.2 |
| Silver ($) | 36.67 | -1.5 |
| Brent Crude ($) | 76.38 | -0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,375 | 54,792 |
| 100 DMA | 23,691 | 52,116 |
| 200 DMA | 24,080 | 51,848 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading lower by 0.2 pct. While Nikkei trading lower by 0.5 pct.
Indian Indices – India’s equity benchmarks are likely to start lower as GIFT Nifty indicates. Benchmark indices closed in red on Wednesday amid Middle Eastern hostilities and Federal Reserve’s monetary policy decision.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,445 | -0.2 | 4.2 |
| Nifty | 24,812 | -0.2 | 4.9 |
| Nifty Bank | 55,829 | 0.2 | 9.8 |
| Nifty Midcap 100 | 58,109 | -0.5 | 1.6 |
| Nifty Smallcap 100 | 18,378 | -0.2 | -2.1 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 945 | -134,349 |
| DII | 953 | 343,272 |
Stocks to watch
Positive Read through
- Puravankara — Subsidiary secured Rs. 2,720 mn contract for Bengaluru residential project.
- Data Patterns — CRISIL Ratings upgraded long‑term bank facilities rating to A+/Stable.
- Ather Energy — Decided to double its retail network, planned 700 experience centres in FY26.
- Hero MotoCorp — Introduced a BaaS model for VIDA electric scooters starting July 1, 2025.
- Abbott India — Agreement with MSD Pharma to access oral anti diabetes medications.
- Kranti Industries Limited — Secured new part development order from Bonfiglioli Transmissions.
- Coal India — Coal ministry received 14 bids for 2 underground coal blocks out of 6.
- Excel Industries — CRISIL revised outlook on long term bank facilities to Stable from Negative.
- Tata Elxsi — Partnered with Infineon to jointly develop application ready EV solutions.
- Vodafone Idea — Partnered with AST Space Mobile for satellite connectivity.
- Ashoka Buildcon — Received work orders for intelligent traffic management in Maharashtra.
Negative Read through
- Zydus Life — USFDA issued two observations for the oncology injectable unit in SEZ 1, Ahmedabad.
- IKS — Select investors to sell 1.5 pct equity via block deals at an indicative price with 3.2 pct discount.
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