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 | 23,268 | -0.1 | 16.0 |
| Nikkei | 37,440 | -0.2 | -6.2 |
Commodities – Gold prices fell and currently trading at USD 3,342 over muted safe heaven commodity demand. On the other hand, oil prices fell and stood at USD 63.90/bbl on higher OPEC+ output prospects.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,342 | 0.3 |
| Silver ($) | 33.36 | -0.1 |
| Brent Crude ($) | 63.90 | -1.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,773 | 52,813 |
| 100 DMA | 23,462 | 51,058 |
| 200 DMA | 24,052 | 51,388 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading negative by 0.1 pct. While Nikkei trading in red by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed higher on Monday led by easing global tariff concern and record dividend payout by RBI.
Result Today – BDL
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,176 | 0.6 | 5.2 |
| Nifty | 25,001 | 0.6 | 5.7 |
| Nifty Bank | 55,572 | 0.3 | 9.3 |
| Nifty Midcap 100 | 57,067 | 0.7 | -0.2 |
| Nifty Smallcap 100 | 17,707 | 0.4 | -5.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 135 | -129,295 |
| DII | 1745 | 253,501 |
Stocks to watch
Positive Read through
- Aurobindo – US sales higher than expectations, EBITDA grew 7 pct YoY.
- Shilpa Medicare – Formulations business sales rose 37 pct, consolidated sales up 13 pct YoY.
- Lupin – Phase 1a study on LNP7457 says it is generally safe & well tolerated in patient.
- Schneider Electric – Highest YoY sales growth seen since Q3FY24.
- Fact – Margin at 8.05 pct vs 3.33 pct, posted profit vs loss YoY.
- Bayer Crop – EBITDA up 75.4 pct, margin at 16.3 pct vs 12.3 pct YoY.
- PG Electro – Up to 5.62 pct stake sale by promoter via block deals, floor price at Rs. 740/sh.
- Maha Seamless – Margin at 20.04 pct vs 19.87 pct QoQ, sales rose 17 pct YoY.
- India Pesticides – Margin at 15.95 pct vs 2.99 pct, sales jumped 64 pct YoY.
Negative Read through
- Sagility – Promoter to sell up to 15.02 pct stake via OFS, FP at 12.80 pct discount to CMP.
- NHPC – Subansiri 3x 250 MW units to be completed by June vs May.
- Blue Dart – EBITDA declined 5.7 pct, margin at 15.04 pct vs 17.09 pct YoY.
- Olectra – Maha Transport Ministry said company has failed to supply 5,150 leased eBuses.
- PTC India – EBITDA declined 16.6 pct, margin at 6.98 pct vs 7.16 pct YoY.
- Indigo – Rakesh Gangwal to sell up to 3.4 pct equity via blocks, Floor price at 4.5 pct discount to CMP.
- Brainbees – EBITDA declined 52 pct, margin at 0.80 pct vs 2 pct YoY.
- Sumitomo Chem – EBITDA declined 14.8 pct, margin at 17.57 pct vs 20.80 pct YoY.
- Bajaj Health – EBITDA declined 26.3 pct, margin at 7.64 pct vs 11.95 pct YoY.
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