Market Commentary
Global markets – US indices closed in red on Tuesday after Fed signals slowdown due to tariffs. Dow Jones close lower 0.3 pct. While Nasdaq fell by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,677 | -0.3 | 0.3 |
| Nasdaq | 19,142 | -0.4 | -0.9 |
| Hang Seng | 23,877 | 0.8 | 19.0 |
| Nikkei | 37,491 | -0.1 | -6.0 |
Commodities – Gold prices rose and currently trading at USD 3,305 over weaker dollar. On the other hand, oil prices rose and stood at USD 66.33/bbl over Israel-Iran conflict.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,303 | 0.4 |
| Silver ($) | 33.05 | -0.1 |
| Brent Crude ($) | 66.33 | 1.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,578 | 52,270 |
| 100 DMA | 23,420 | 50,899 |
| 200 DMA | 24,053 | 51,312 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading positive by 0.8 pct. While Nikkei trading lower by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices continued their losing streak on Tuesday over selling by foreign investors in financial and IT stocks.
Result Today – Interglobe, NTPC Green, Wabag.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,186 | -1.1 | 3.9 |
| Nifty | 24,683 | -1.1 | 4.4 |
| Nifty Bank | 54,877 | -1.0 | 7.9 |
| Nifty Midcap 100 | 56,182 | -1.6 | -1.8 |
| Nifty Smallcap 100 | 17,483 | -0.9 | -6.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -10016 | -128,373 |
| DII | 6789 | 247,056 |
Stocks to watch
Positive Read through
- Dixon Tech – Posted Q4 largely above estimates led by mobile & EMS business.
- Dredging Corp – EBITDA grew 46.70 pct, margin at 16.59 pct vs 16.12 pct YoY.
- Torrent Pharma – US sales above estimates, EBITDA up 9 pct YoY.
- J Kumar Infra – EBITDA grew 15.60 pct, sales rose 14.60 pct YoY.
- Fortis Health – Margin at 21.70 pct vs 19.50 pct QoQ, hospital business sales increased 14 pct YoY.
- Inox Green – Signs agreements for solar O&M of 639 MWp with a renewable company.
- Cosmo First – EBITDA jumped 59.50 pct, margin at 9.44 pct vs 6.88 pct YoY.
- Ircon Intl – Bags Kavach order worth Rs. 2.53 bn from South Western Railway.
- USL – Q4 above estimates, Prestige & above business volume growth at 9.2 pct vs poll of 8–10 pct.
- Senores PH – US arm to acquire US FDA ANDA for Enalapril Maleate from Wockhardt.
- Aster DM – Margin at 19.20 pct vs 16.40 pct, EBITDA up 20.50 pct YoY.
- EIH – EBITDA rose 15.4 pct, margin at 42.4 pct vs 41 pct YoY.
- Whirlpool India – Margin expanded 80 bps, EBITDA rose 27 pct YoY.
- GSFC – EBITDA at Rs. 798 mn vs Rs. 259 mn, margin at 4.2 pct vs 1.3 pct YoY.
Negative Read through
- Emami Paper – EBITDA declined n 55.60 pct, margin at 6.6 pct vs 14.5 pct YoY.
- JK Tyre – Operationally weak Q4FY25, both India & Mexico business see a decline.
- KPR Mills – Up to 3.20 pct promoter stake sale via block deals, Floor price at 10 pct discount to CMP.
- Gland Pharma – Q4 miss on sales & profit, margin at 24.40 pct vs 26 pct QoQ.
- Fineotex – EBITDA slipped 44.50 pct, margin at 17.70 pct vs 24.97 pct YoY.
- Godawari Power – EBITDA down 3.20 pct, sales declined 4 pct YoY.
- Automotive Axles – EBITDA, sales declined nearly 2 pct each, margin flat YoY.
- Arvind Smart – Margin at 20.6 pct vs 26.8 pct YoY.
- Laxmi Organic – EBITDA down 35 pct, margin at 8.30 pct vs 11.44 pct YoY.
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