Market Commentary
Global markets – US indices closed Positive on Tuesday as US Government shutdown looms. Dow Jones closed up by 0.2 pct. While Nasdaq closed green by 0.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,397 | 0.2 | 9.1 |
| Nasdaq | 22,660 | 0.3 | 17.3 |
| Hang Seng | 26,855 | 0.9 | 33.9 |
| Nikkei | 44,411 | -1.2 | 11.3 |
Commodities – Gold prices climbed and currently stood at USD 3,860 as concerns over a looming US government shutdown boosted safe heaven demand. On the other hand, oil prices stood at USD 66.14/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,860 | 0.1 |
| Silver ($) | 47.12 | 1.0 |
| Brent Crude ($) | 66.14 | 0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,848 | 55,225 |
| 100 DMA | 24,942 | 55,694 |
| 200 DMA | 24,162 | 53,204 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng closed up by 0.9 pct. While Nikkei trading negative by 1.2 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices extended losses on Tuesday as caution prevailed ahead of the RBI’s policy decision.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,267 | -0.1 | 2.7 |
| Nifty | 24,611 | -0.1 | 4.1 |
| Nifty Bank | 54,635 | 0.3 | 7.4 |
| Nifty Midcap 100 | 56,529 | 0.0 | -1.2 |
| Nifty Smallcap 100 | 17,562 | 0.1 | -6.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2,327 | -254,835 |
| DII | 5,761 | 577,914 |
Stocks to watch
Positive Read through
- Azad Engg – Arm has successfully achieved NADCAP accreditation for coatings.
- Lupin – Gets US FDA nod for USD 11 mn annual sales drug Rivaroxaban for oral suspension.
- Nestlé – Signs MoU with food processing ministry to expedite investments in green and brown field projects.
- Power Grid – Declared successful bidder to establish an inter-state transmission system.
- Adani Green – Operationalizes an aggregate 112.5 MW power projects at Khavda, Gujarat.
- Ola Electric – To raise up to Rs. 8.78 bn via issue of OCRPS to subsidiary.
- Hudco – H1FY26 sanctions one of the highest so far for the company.
- Pricol – Signs exclusive MoU with BOE Varitronix for LCD/TFT display in 2W, 3W, CV and off-road vehicles.
- Sri Lotus – Launches Arcadian (Juhu) and Amalfi (Versova) projects, initial bookings at Rs. 1.30 bn.
- Atalantaa – Bags Rs. 24.85 bn contract from IRCON for Bhandara-Gadchiroli expressway.
- L&T Tech – Bags USD 100 mn multi-year agreement from US-based industrial equipment manufacturer.
- Newgen Soft – Bags orders worth POUND 2.9 mn, USD 1.6 mn and KWD 1.7 mn.
- Dynamatic Tech – Hosts Airbus senior leadership at Bangalore for A220 door inspection.
- KPI Green – Arms inks MoU with South Korean partners for green hydrogen tech for India market.
Negative Read through
- LG Balakrishnan – Detected malware in certain systems.
- Arvind Fashions – Shilesh Chaturvedi, MD & CEO resigned due to personal reasons.
- Zydus Life – Enetended closing date for Sterling Bio API business acquisition to December 31 from September 30.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Advisor before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
