Market Commentary
Global markets – US indices closed Positive on Friday over potential US – EU trade deal. Dow Jones closed green by 0.5 pct. While Nasdaq closed positive by 0.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,901 | 0.5 | 5.5 |
| Nasdaq | 21,108 | 0.2 | 9.3 |
| Hang Seng | 25,558 | 0.7 | 27.4 |
| Nikkei | 41,148 | -0.7 | 3.1 |
Commodities – Gold prices remain steady and currently stood at USD 3,335 over easing trade tensions. On the other hand, oil prices stood at USD 67.90/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,335 | -0.0 |
| Silver ($) | 38.26 | 0.3 |
| Brent Crude ($) | 67.90 | -0.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,056 | 56,335 |
| 100 DMA | 24,263 | 54,164 |
| 200 DMA | 24,057 | 52,471 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading up by 0.7 pct. While Nikkei trading red by 0.7 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed extended losses on Friday backed by weak earnings and continuous FII selling.
Result Today – BEL, KEC, Waaree Energies, Mazdock
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,463 | -0.9 | 4.3 |
| Nifty | 24,837 | -0.9 | 5.0 |
| Nifty Bank | 56,528 | -0.9 | 11.1 |
| Nifty Midcap 100 | 58,009 | -1.6 | 1.4 |
| Nifty Smallcap 100 | 18,294 | -2.1 | -2.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1979 | -153,110 |
| DII | 2138 | 397,698 |
Stocks to watch
Positive Read through
- VA Tech – Bags Rs. 3.80 bn order from BWSSB for energy-efficient water reuse units in Bengaluru.
- NTPC Green – MoU with Bihar State Power Generation Company for RE projects.
- CDSL – EBITDA rose 19.3 pct, margin expanded 168 bps QoQ.
- Schaeffler – EBITDA grew 14.2 pct; margin at 18.25 pct vs 17.80 pct YoY.
- Laurus Labs – Andhra Government allots 531.77 acres of land in Anakapalli to set up Manufacturing units.
- BEML – Non-binding MoU with Hindustan Shipyard for advanced marine systems.
- L&T Tech – Bags ~USD 60 mn software engineering engagement from US Tier-1 telecom provider.
- Brigade – Launches Brigade Avalon in Whitefield, Bengaluru; sales potential Rs. 10 bn.
- Petronet LNG – Volumes ahead of estimates; provision at Rs. 14.21 bn for use-of-pay charges.
- Premier Energies – Margin at 30.2 pct vs 21.6 pct; EBITDA jumped 53 pct YoY.
- Tamilnad Mercantile Bank – Profit rose 6.2 pct YoY; GNPA at 1.22 pct vs 1.25 pct QoQ.
- Home First Finance – Q1 above estimates; NII rose 33 pct YoY.
- Orient Cement – EBITDA jumped 89 pct; margin at 21 pct vs 13.8 pct YoY.
- Asian Energy Services – Bags ~ Rs. 8.65 bn integrated service contract from Vedanta.
Negative Read through
- IDFC First Bank – Credit cost grew 26 bps; NIM fell 30 bps QoQ.
- Balkrishna Industries – Posted muted Q1, earnings largely below estimate.
- Tata Chemicals – Demand-supply balance continues to be soft; sales volumes fell 1 pct YoY.
- TCS – To cut 2 pct of global workforce, senior grades to be most affected.
- IndusInd Bank – CHRO resigns, RBI nod to extend tenure of committee of execs by 1 month.
- Kotak Mahindra Bank – GNPA at 1.48 pct vs 1.42 pct; NIM fell 32 bps QoQ.
- SAIL – Q1 misses estimates, lower-than-expected realisation gains.
- SBI Card – Credit cost rose 60 bps QoQ; FY26 receivables growth guidance cut.
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