Market Commentary
Global markets – US indices closed Positive on Thursday led by rally in tech stocks. Dow Jones closed up by 0.3 pct. While Nasdaq closed green 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,142 | 0.3 | 8.5 |
| Nasdaq | 22,740 | 1.1 | 16.4 |
| Hang Seng | 26,533 | -0.1 | 32.3 |
| Nikkei | 45,652 | 0.8 | 14.4 |
Commodities – Gold prices remain steady and currently stood at USD 3,646 over easing trade developments. On the other hand, oil prices stood at USD 67.39/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,646 | 0.1 |
| Silver ($) | 41.99 | 0.5 |
| Brent Crude ($) | 67.39 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,887 | 55,527 |
| 100 DMA | 24,891 | 55,668 |
| 200 DMA | 24,146 | 53,132 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading positive by 0.8 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices extended gains on Thursday driven by US policy easing and progress in trade developments.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,013 | 0.4 | 6.2 |
| Nifty | 25,423 | 0.4 | 7.5 |
| Nifty Bank | 55,727 | 0.4 | 9.6 |
| Nifty Midcap 100 | 59,073 | 0.4 | 3.3 |
| Nifty Smallcap 100 | 18,476 | 0.3 | -1.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 366 | -230,497 |
| DII | 3326 | 548,790 |
Stocks to watch
Positive Read through
- Adani Group – SEBI releases final order, clears the group of Hindenburg charges.
- Biocon – Retinal disease drug Yesafili to be covered by public insurance system in Ontario.
- NTPC – Signs MoU with Saudi Electricity Company for enhanced collaboration.
- Waaree Energies – To buy 76 pct stake in smart meter maker Racemosa for Rs. 530 mn.
- JSW Energy – To buy Tidong Power for Rs. 17.28 bn and to acquire power boilers biz of GE Power.
- Ramky Infra – Bags Rs. 20.85 bn HAM project under Godawari drinking water supply scheme.
- Metropolis – Completes acquisition of Ambika Pathology.
- Arfin India – Bags order worth Rs. 1.80 bn from JFE Shoji Corporation, Japan.
- John Cockerill – Bags order from Tata Steel for pickling line and acid regen plant at Jamshedpur.
- Tech Mahindra – To design 8 bn parameter model for Indic languages, agentic AI platform for govt.
- Sasken Tech – Partners with VicOne for end-to-end automotive cybersecurity solution.
- Texmaco Rail – Bags order worth Rs. 870 mn from Ultratech for wagons and brake van.
- Vedanta – Declared preferred bidder for Punnam manganese block.
- Sai Life – Opens Unit VI, a dedicated facility for veterinary API production, in Bidar, India.
Negative Read through
- Mobikwik – Confirms isolated tech issue, was not a cybersecurity breach but an internal error.
- IHCL – Clarified on reports with respect to The Pierre, NY, says have leasehold rights, don’t own it.
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