Market Commentary
Global markets – US indices rallied on Tuesday, following EU tariff deadline extension. Dow Jones closed positive by 1.8 pct. While Nasdaq jumped by 2.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,343 | 1.8 | -0.5 |
| Nasdaq | 19,199 | 2.5 | -0.6 |
| Hang Seng | 23,310 | -0.3 | 16.2 |
| Nikkei | 37,918 | 0.5 | -5.0 |
Commodities – Gold prices fell and currently trading at USD 3,302 over tariff delay. On the other hand, oil prices rose and stood at USD 63.93/bbl on potential US sanctions against Russia.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,302 | 0.1 |
| Silver ($) | 33.32 | 0.2 |
| Brent Crude ($) | 63.93 | 0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,821 | 52,955 |
| 100 DMA | 23,474 | 51,102 |
| 200 DMA | 24,0526 | 51,414 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading negative by 0.3 pct. While Nikkei trading higher by 0.5 pct.
Indian Indice – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices declined on Tuesday amid weak global cues and selling in IT stocks.
Result Today – Cummins, IRCTC, Bata, EMS
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,551 | -0.8 | 4.4 |
| Nifty | 24,826 | -0.7 | 5.0 |
| Nifty Bank | 55,352 | -0.4 | 8.8 |
| Nifty Midcap 100 | 57,154 | 0.2 | -0.1 |
| Nifty Smallcap 100 | 17,725 | 0.1 | -5.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 348 | -128,947 |
| DII | 10104 | 263,605 |
Stocks to watch
Positive Read through
- Techno Electric – Margin at 15.50 pct vs 2.40 pct, sales grew 86 pct YoY.
- NMDC Steel – Losses decline, sales up 54 pct YoY.
- Bosch India – EBITDA and sales increased nearly 16 pct each YoY.
- Hind Copper – EBITDA rose 17 pct, sales rose 29 pct YoY.
- Entero – EBITDA jumped 70 pct, margin at 3.64 pct vs 2.78 pct YoY.
- ITI – Losses declined; sales increased by 74 pct YoY.
- Epack – EBITDA jumped 30 pct, margin at 11.21 pct vs 10.54 pct YoY.
- Eid Parry – EBITDA grew 13 pct, sales rose 22.60 pct YoY.
- Triveni Engg – EBITDA up 21.50 pct, sales rose 25.10 pct YoY.
- LIC – Posted Q4 largely above estimate, will focus on APE growth & persistency.
- Supriya Life – EBITDA up 21.40 pct, margin at 36.63 pct vs 35.13 pct YoY.
- Medplus – Margin at 9 pct vs 7.10 pct, EBITDA grew 28.80 pct YoY.
- Jk Lakshmi – Sales volume up 10 pct, sales up 6.60 pct YoY.
- Hbl Engg – Bags order worth Rs. 1.02 bn from IRCON International.
Negative Read through
- Bharat Dynamics – Margin at 16.80 pct vs 37 pct, EBITDA declined 5.50 pct YoY.
- DCX Systems – EBITDA tumbled 86.20 pct, margin at 0.95 pct vs 5.07 pct YoY.
- ITC – BAT to sell up to 2.30 pct stake via block deals, floor price at 8 pct discount to CMP.
- Gateway Distriparks – Posted loss vs profit, margin at 20.10 pct vs 22.20 pct YoY.
- NMDC – EBITDA, margin below estimate, iron ore realisations weaker than expected.
- P&G Hygiene – EBITDA declined 18.50 pct, margin at 21.16 pct vs 25.68 pct YoY.
- Sansera Engg – EBITDA flat, margin at 16.25 pct vs 17.03 pct YoY.
- RCF – EBITDA fell 8.60 pct, margin at 4.80 pct vs 5 pct YoY.
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