Market Commentary
Global markets – US indices closed negative on Friday pressured by fresh tariff war concern. Dow Jones closed down by 0.6 pct. While Nasdaq slipped by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,603 | -0.6 | -2.2 |
| Nasdaq | 18,737 | -1.1 | -3.0 |
| Hang Seng | 23,425 | -0.7 | 16.8 |
| Nikkei | 37,329 | 0.5 | -6.4 |
Commodities – Gold prices fell and currently trading at USD 3,347 as Trump delays tariffs on EU. On the other hand, oil prices fell and stood at USD 64.80/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,347 | -0.3 |
| Silver ($) | 33.49 | 0.5 |
| Brent Crude ($) | 64.80 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,724 | 52,671 |
| 100 DMA | 23,450 | 51,016 |
| 200 DMA | 24,050 | 51,366 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading negative by 0.7 pct. While Nikkei trading in green by 0.5 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed positive on Friday driven by rally in IT and consumer stocks.
Result Today – Aurobindo Pharma, KEC
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,721 | 0.4 | 4.0 |
| Nifty | 24,853 | 1.0 | 5.1 |
| Nifty Bank | 55,398 | 0.8 | 8.9 |
| Nifty Midcap 100 | 56,687 | 0.6 | -0.9 |
| Nifty Smallcap 100 | 17,643 | 0.8 | -6.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 1794 | -129,431 |
| DII | 299 | 251,755 |
Stocks to watch
Positive Read through
- Narayana Health – Margin at 26.10 pct vs 25.26 pct, sales up 18 pct YoY.
- Havells – To invest Rs. 3.40 bn to further hike cables capacity at Alwar location.
- Allcargo – Sales up 18 pct, EBITDA up 16.50 pct YoY.
- Ashoka Buildcon – EBITDA grew 22.30 pct, margin at 28.90 pct vs 20.80 pct YoY.
- Jk Cement – EBITDA above analyst estimate, grey net sales realisations up 3 pct QoQ.
- Zydus Life – Gets final US FDA nod for acne drug Isotretinoin capsules.
- Anupam Rasayan – EBITDA jumped 55.70 pct, margin at 28.86 pct vs 23.12 pct YoY.
- JSW Steel – Standalone EBITDA/tonne in-line, overseas operations losses declined.
- Nibe – Bags order worth Rs. 1.51 bn from an Israel-based defence technology company.
- GE Vernova – Operational performance better than estimate, margin expanded 973 bps YoY.
- ONGC – Production resumes from offshore PY-3 field in Cauvery Basin by ONGC-led JV.
- HCG – EBITDA increased 15 pct, sales rose 18.30 pct YoY.
- Jyoti CNC – Margin at multi-quarter high, EBITDA up 33 pct YoY.
- Divi’s Labs – Supply pact with global pharma company entailing Rs. 6.50-7.50 bn capex.
Negative Read through
- Afcons Infra – Posted muted Q4, FY25 sales missed guidance.
- Afcons Infra – Posted muted Q4, FY25 sales missed guidance.
- DRL – US FDA issues Form 482 with 2 observations for API Manufacturing unit CTO-5 in Telangana.
- Glenmark – Missed FY25 guidance, US business sales declined YoY.
- Lux Ind – Margin at 8.90 pct vs 10.20 pct, sales fell 15.60 pct YoY.
- Eternal – Both MSCI & FTSE announce weight reduction in indices.
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