Market Commentary
Global markets – US indices closed higher on Thursday as Nvidia earnings boosted AI rally. Dow Jones closed up by 0.2 pct. While Nasdaq closed green by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 45,636 | 0.2 | 7.3 |
| Nasdaq | 21,705 | 0.5 | 12.4 |
| Hang Seng | 25,233 | 0.9 | 25.8 |
| Nikkei | 42,642 | -0.4 | 6.9 |
Commodities – Gold prices remain steady and currently stood at USD 3,411 on softer Dollar. On the other hand, oil prices stood at USD 67.53/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,411 | -0.2 |
| Silver ($) | 38.87 | -0.3 |
| Brent Crude ($) | 67.53 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,006 | 56,209 |
| 100 DMA | 24,675 | 55,458 |
| 200 DMA | 24,070 | 52,896 |
Asian markets – Asian markets trading mixed in the early morning trade, Hang Seng trading up by 0.9 pct. While Nikkei trading negative by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices extended losses on Thursday pressured by mounting concerns about the impact of U.S. tariffs on Indian goods.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,080 | -0.9 | 2.5 |
| Nifty | 24,500 | -0.9 | 3.6 |
| Nifty Bank | 53,820 | -1.2 | 5.8 |
| Nifty Midcap 100 | 56,047 | -1.3 | -2.0 |
| Nifty Smallcap 100 | 17,294 | -1.4 | -7.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3856 | -211,221 |
| DII | 6920 | 501,083 |
Stocks to watch
Positive Read through
- Allcargo Logistics – LCL volume rose 10 pct MoM. FCL volume grew 9 pct MoM.
- Indigo – Liekly DGCA nod to company’s request for extension of wet lease agreement for 2 Boeing planes with Turkish Airlines.
- CG Power – Unveils India’s first end to end OSAT facilities in Gujarat.
- Hexaware Tech – Partnered with Replit to enable secure Vibe Coding for enterprises.
- Infosys – Mastercard teams up with company to expand Cross-Border payment solutions.
- BEML – Plans to make Tunnel Boring Machines to cut dependence on China.
- NALCO – No impact on company due to the tariff hike by the US on aluminum.
- Lemon Tree – Signed a 98-room property in Dehradun.
- Shukra Pharma – Received LoA worth Rs 240 mn to supply medicines and diagnostic kits to Afghanistan.
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