Market Commentary
Global markets – US indices jumped on Tuesday on expectations of trade war de-escalation. Dow Jones rose by 2.7 pct. While Nasdaq closed higher by 2.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 39,186 | 2.7 | -7.9 |
| Nasdaq | 16,300 | 2.7 | -15.6 |
| Hang Seng | 22,058 | 2.2 | 9.8 |
| Nikkei | 34,808 | 1.7 | -12.7 |
Commodities – Gold prices slipped and stood at USD 3,346, as Trump stance calms fears. On the other hand, oil prices stood at USD 67.75/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,345 | -1.0 |
| Silver ($) | 32.63 | 0.9 |
| Brent Crude ($) | 67.75 | -0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,000 | 50,126 |
| 100 DMA | 23,396 | 50,473 |
| 200 DMA | 24,051 | 51,048 |
Asian markets – Asian markets trading in positive range the early morning trade, largely tracking western peers. Hang Seng trading green by 2.2 pct. While Nikkei trading positive by 1.7 pct.
Indian Indices – India’s equity benchmarks are likely to open gap up on the back of positive global cues. Benchmark indices closed Green on Tuesday led by financials after the central bank relaxed deposit buffer rules for lenders.
Result Today – Tata Consumer Products, Bajaj Housing Finance
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,595 | 0.2 | 1.9 |
| Nifty | 24,167 | 0.2 | 2.2 |
| Nifty Bank | 55,647 | 0.6 | 9.4 |
| Nifty Midcap 100 | 53,397 | 0.8 | -4.9 |
| Nifty Smallcap 100 | 16,896 | 0.7 | -10.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1290 | -161,060 |
| DII | -885 | 209,509 |
Stocks to watch
Positive Read through
- Bharti Airtel, Hexacom – To acquire 400 MHz of spectrum in 26 GHz band from Adani Data.
- Ashoka Buildcon – Gets LoA for a project worth Rs. 5.68 bn from Central Railway.
- HCLTech – Q4 in-line with estimates, FY26 CC revenue growth guidance at 2-5 pct.
- Varun Beverages – Commences production at beverage unit in UP.
- Hero Moto – Ather Energy files RHP with SEBI for IPO, fresh issue of up to Rs. 26.26 bn.
- AU SFB – Q4 in-line with estimates, slippages down 6.50 pct QoQ.
- Cyient DLM – Q4 in-line with street estimates, margin grew 290 bps YoY.
- Waaree Energies – Sales rose 36.40 pct, margin at 23 pct vs 14.3 pct YoY.
- PNC Infratech – Declared lowest bidder for Rs. 2.39 bn project by PWD-Rajasthan.
- Havells – Posted Q4 above estimates, cables & wires biz saw a growth of 21 pct YoY.
- JK Paper – Announced the acquisition of a majority stake in Quadragen Vethealth Private Limited.
- Dixon – Padget Electronics, entered a contract manufacturing Agreement with Compal to manufacture mobile phones.
- PNB – A court in Belgium rejects bail plea of fugitive Mehul Choksi.
Negative Read through
- Balrampur Chini – Net sugar produced for 2024–2025 season declined by 12.50 pct YoY.
- Delta Corp – EBITDA down 12 pct, margin declined 280 bps YoY.
- Tata Comm – Q4 margin came at 18.70 pct vs 20.40 pct, revenue up 3.30 pct QoQ.
- M&M Fin – Loan growth of 17.20 pct YoY is lowest in 11 quarters, NIM is at a 15-quarter low.
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