Market Commentary
Global markets – US indices closed mixed on Thursday driven by latest economic data and corporate earnings. Dow Jones closed red by 0.7 pct. While Nasdaq closed flat.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,130 | -0.7 | 3.7 |
| Nasdaq | 21,122 | -0.0 | 9.4 |
| Hang Seng | 24,749 | -0.1 | 23.4 |
| Nikkei | 40,914 | -0.4 | 2.6 |
Commodities – Gold prices trading flat and currently stood at USD 3,292 over stronger dollar. On the other hand, oil prices stood at USD 71.67/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,292 | 0.1 |
| Silver ($) | 36.56 | -0.3 |
| Brent Crude ($) | 71.67 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,057 | 56,418 |
| 100 DMA | 24,368 | 54,477 |
| 200 DMA | 24,053 | 52,570 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading green by 0. pct.
Indian Indices – India’s equity benchmarks are likely to open red as GIFT Nifty indicates. Benchmark closed negative on Thursday pressured by US Tariff threat as bargaining chip.
Result Today – Tata Power, NH, Kirlosbros, Shakti Pumps
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,185 | -0.4 | 3.9 |
| Nifty | 24,768 | -0.4 | 4.8 |
| Nifty Bank | 55,961 | -0.3 | 10.0 |
| Nifty Midcap 100 | 57,400 | -0.9 | 0.4 |
| Nifty Smallcap 100 | 17,966 | -1.0 | -4.3 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5588 | -170,268 |
| DII | 6372 | 418,811 |
Stocks to watch
Positive Read through
- JSW Energy – Margin at 54.3 pct vs 49.4 pct, profit jumped 42 pct YoY.
- Thermax – Margin, EBITDA, posted profit above estimates, margin expanded 400 bps YoY.
- Swiggy – Sales jumped 54 pct, food delivery business EBIT at Rs. 2.02 bn vs Rs. 0.67 bn YoY.
- Coal India – Q1 results beat muted expectations, higher-than-estimates e-auction prices.
- Restaurant Brands – EBITDA rose 16.5 pct, margin at 10.4 pct vs 9.7 pct YoY.
- Chambal Fert – EBITDA grew 12.6 pct, profit rose 22.5 pct YoY.
- City Union Bank – NII up 12.6 pct, GNPA at 2.99 pct vs 3.09 pct QoQ.
- Indegene – EBITDA increased 20.7 pct, margin at 20.5 pct vs 19.1 pct YoY.
- PB Fintech – Total premium rose 36 pct, operating sales increased 33 pct YoY.
- Mankind Pharma – EBITDA jumped 26 pct, sales rose 24.5 pct YoY.
Negative Read through
- Niva Bupa – Underwriting loss expanded, reported operating loss vs profit YoY.
- Eicher Motors – Posted Q1 earnings in-line, EBITDA margin slipped 250 bps YoY.
- Neuland Labs – EBITDA dropped 72 pct, margin at 11.9 pct vs 28.1 pct YoY.
- Aarti Industries – EBITDA down 30.5 pct, margin at 12.8 pct vs 16.7 pct YoY.
- Sanofi India – EBITDA fell 18.3 pct, margin at 23.2 pct vs 25 pct YoY.
- PNB Housing – Girish Kousgi resigns as MD & CEO well ahead of his term end.
- Airlines – Jet fuel (ATF) price hiked by Rs. 2,679/kl to Rs. 92,022/kl in Delhi.
- GE Shipping – EBITDA fell 29.4 pct, margin at 53.5 pct vs 60.4 pct YoY.
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