Market Commentary
Global markets – US indices closed mixed on Tuesday over latest earnings and US – Philippines trade deal. Dow Jones closed green by 0.4 pct. While Nasdaq closed red by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,502 | 0.4 | 4.6 |
| Nasdaq | 20,892 | -0.4 | 8.2 |
| Hang Seng | 25,287 | 0.6 | 26.1 |
| Nikkei | 41,053 | 3.2 | 2.9 |
Commodities – Gold prices fell and currently stood at USD 3,424 on US trade deal. On the other hand, oil prices stood at USD 68.76/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,424 | -0.2 |
| Silver ($) | 39.20 | -0.1 |
| Brent Crude ($) | 68.76 | 0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,048 | 56,229 |
| 100 DMA | 24,188 | 53,916 |
| 200 DMA | 24,057 | 52,386 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 0.6 pct. While Nikkei trading green by 3.2 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark indices closed Negative on Tuesday due to continuous weakness in heavyweights and uncertainty around trade deal.
Result Today – Infosys, SRF, Persistent Systems, Tata Consumer Products.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 82,186 | -0.1 | 5.2 |
| Nifty | 25,060 | -0.1 | 6.1 |
| Nifty Bank | 56,756 | -0.3 | 11.6 |
| Nifty Midcap 100 | 59,103 | -0.6 | 3.3 |
| Nifty Smallcap 100 | 18,893 | -0.3 | 0.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3548 | -137,690 |
| DII | 5239 | 388,584 |
Stocks to watch
Positive Read through
- Dixon Tech – Posted Q1 in line, led by mobile segment, EBITDA jumped 94 pct YoY.
- Paytm – Reported operating profit for the first time, company sees significant margin rise ahead.
- Dalmia Bharat – Volumes subdued but EBITDA/tonne at 16-quarter high of Rs. 1,261.
- United Breweries – Sales and premium volumes above estimates, total volume growth at 11 pct YoY.
- KEI Ind – Q1FY26 sales growth at 26 pct YoY vs 17–18 pct guidance for FY26.
- Zensar Tech – CC sales growth at 1.9 pct QoQ and 3.8 pct YoY.
- Huhtamaki India – EBITDA up 34 pct, margin expanded 200 bps YoY.
- IRFC – NII and PPoP rose 11 pct each, NIM improved 11 bps QoQ to 1.53 pct.
- CreditAccess – In-line Q1FY26, asset quality stable, credit cost fell 43 bps QoQ.
- JSW Infra – Sales increased 21 pct YoY, FY26 guidance maintained.
Negative Read through
- Ideaforge – Sales tumbled 85 pct YoY and 37 pct QoQ, reported EBITDA loss of Rs. 150 mn.
- Oberoi Realty – 3 pct stake sale likely via block deals, floor price at Rs. 1,753.20/share.
- Hyundai India – GST demand notice for Rs. 5.17 bn for non-payment of compensation cess.
- Macrotech (Lodha) – 1 pct stake sale likely via block deals, floor price at Rs. 1,384.60/share.
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