Market Commentary
Global markets – US indices closed higher on Friday over positive macro data. Dow Jones jumped by 0.8 pct. While Nasdaq rose by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,654 | 0.8 | 0.3 |
| Nasdaq | 19,211 | 0.5 | -0.5 |
| Hang Seng | 23,256 | -0.4 | 16.4 |
| Nikkei | 37,617 | -0.4 | -5.7 |
Commodities – Gold prices rose and currently trading at USD 3,225 driven by concern over US fiscal deficit. On the other hand, oil prices fell and stood at USD 65.18/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,225 | 0.7 |
| Silver ($) | 32.40 | 0.4 |
| Brent Crude ($) | 65.18 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,371 | 51,727 |
| 100 DMA | 23,384 | 50,763 |
| 200 DMA | 24,047 | 51,232 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.4 pct. While Nikkei trading lower by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed in negative on Friday over profit booking in financial and IT stocks, which dragged the market.
Result Today – Powergrid, BEL, PI Industries
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,330 | -0.2 | 5.4 |
| Nifty | 25,019 | -0.2 | 5.8 |
| Nifty Bank | 55,354 | 0.0 | 8.8 |
| Nifty Midcap 100 | 57,060 | 0.9 | -0.2 |
| Nifty Smallcap 100 | 17,560 | 1.9 | -6.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 8831 | -117,831 |
| DII | 5187 | 240,556 |
Stocks to watch
Positive Read through
- Amber Enterprise – Sales jumped 34 pct, EBITDA rose 33 pct YoY.
- KEC International – Bags new transmission & distribution orders worth Rs. 11.33 bn.
- Bharti Airtel – Follows Vodafone Idea in filing fresh plea seeking waiver of AGR dues.
- BEL – Received additional orders worth of Rs. 5.72 bn.
- HAL – Order pipeline healthy, sales growth to be at 8-10 pct in FY26.
- Hyundai – Domestic growth to be in line with India, see 7-8 pct growth in export volume.
- Data Patterns – Surpasses FY25 sales, margin guidance, EBITDA shot up 61 pct YoY.
- Cipla – US FDA classifies testing facility of arm Sitec in Navi Mumbai as VAI.
- Premier Energies – Margin at 32.60 pct vs 16.40 pct, sales grew 44 pct YoY.
- Max Healthcare – Arm to acquire 4,000 sqm land adjacent to MSSH, Vaishali for approx Rs. 1.20 bn.
- Zen Technologies – Margin at 42.5 pct vs 35.6 pct, surpasses FY25 guidance.
- GMR Airports – Passengers handled up 8.4 pct in April, aircraft movement up 7.8 pct YoY.
- Texmaco Rail – EBITDA rose 14.70 pct, sales increased 17.50 pct YoY.
- Arvind Fashions – EBITDA grew 18 pct, margin at 13.34 pct vs 12.30 pct YoY.
Negative Read through
- Credit Access – Missed FY25 loan growth guidance, gross NPA ratio at 4.76 pct vs 3.99 pct QoQ.
- ESAF SFB – Reported loss vs profit, NII declined 26 pct YoY.
- Dr. Reddy’s – US FDA issues Form 482 with 2 observations for API Middleburgh unit in New York.
- Dhampur Sugar – Margin at 16.3 pct vs 17.1 pct YoY, board approves buyback of up to 1.1 mn shares.
- Shipping Corporation of India – EBITDA fell 10.50 pct, margin at 27.52 pct vs 28.84 pct YoY.
- Protean eGov – Not shortlisted by I-T department for O&M of PAN 2.0 project.
- GSK Pharma – Fire at unit causes temporary production loss.
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