Market Commentary
Global markets – US indices closed positive on Monday on trade deal optimism. Dow Jones rose by 0.6 pct. While Nasdaq climbed 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,094 | 0.6 | 3.6 |
| Nasdaq | 20,369 | 0.5 | 5.5 |
| Hang Seng | 24,072 | -0.9 | 20.0 |
| Nikkei | 40,081 | -1.0 | 0.5 |
Commodities – Gold prices rose and currently stood at USD 3,317 over softer dollar. On the other hand, oil prices stood at USD 67.91/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,317 | 0.5 |
| Silver ($) | 35.82 | -0.8 |
| Brent Crude ($) | 67.91 | 0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,743 | 55,592 |
| 100 DMA | 23,857 | 52,738 |
| 200 DMA | 24,084 | 52,061 |
Asian markets – Asian markets trading negative in the early morning trade. Hang Seng closed 0.9 pct. While Nikkei trading lower by 1 pct over uncertainty around US – Japan trade talks.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed negative on Monday over profit booking in financial sector.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,606 | -0.5 | 7.0 |
| Nifty | 25,517 | -0.6 | 7.9 |
| Nifty Bank | 57,312 | -0.2 | 12.7 |
| Nifty Midcap 100 | 59,741 | 0.6 | 4.4 |
| Nifty Smallcap 100 | 19,075 | 0.5 | 1.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -831 | -122,333 |
| DII | 3497 | 357,574 |
Stocks to watch
Positive Read through
- Kalpataru Projects – Bags transmission & distribution orders worth Rs. 9.89 bn.
- Apollo Hosp – To spin-off omni channel pharmacy, Digi Health into new entity, plans listing.
- Bharat Forge – Deal value to buy AAM India increased to Rs. 7.70 bn from Rs. 5.45 bn earlier.
- Sona Comstar – Considering manufacturing of rare-earth magnets in the country.
- ESAF SFB – Transfers NPA & written-off loans worth Rs. 7.33 bn to an ARC for Rs. 0.73 bn.
- Bel – Bags additional orders worth Rs. 5.28 bn since June 20.
- KSB – Bags 15 boiler feed pumps order from L&T for NTPC power plants.
- Gabriel India – To merge Anand Group’s auto & related biz with itself via share swap.
- HUDCO – Loans sanctioned up 140.50 pct, disbursals grew 1.50 pct YoY.
- Voda Idea – Announces next phase of 5G rollout in 23 cities with introductory offer.
- Prestige Est – Launches Prestige Pallavaram Gardens proj in Chennai, GDV at Rs. 33.50 bn.
- HCL Tech – Multi-year strategic collab with OpenAI to drive enterprise-scale AI adoption.
- Hindustan Copper – Signs MoU with Coal India for copper, critical minerals exploration.
- Torrent Pharma – First year of merged entity should be EPS accretive.
Negative Read through
- Airlines – Jet fuel (ATF) price hiked by Rs. 6,271/kL to Rs. 89,344.05/kL in Delhi.
- NMDC – Cuts lump & fine ore prices by Rs. 600–500/tonne MoM.
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