Market Commentary
Global markets – US indices declined on Wednesday after FED minutes signals caution. Dow Jones closed negative by 0.6 pct. While Nasdaq fell by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,098 | -0.6 | -1.0 |
| Nasdaq | 19,100 | -0.5 | -1.1 |
| Hang Seng | 23,343 | 0.4 | 16.4 |
| Nikkei | 38,356 | 1.7 | -3.9 |
Commodities – Gold prices fell and currently trading at USD 3,271 as trade court blocks Trump tariffs. On the other hand, oil prices rose and stood at USD 64.96/bbl over easing trade tensions.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,271 | -0.5 |
| Silver ($) | 33.13 | 0.6 |
| Brent Crude ($) | 64.96 | 1.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,866 | 53,107 |
| 100 DMA | 23,485 | 51,148 |
| 200 DMA | 24,059 | 51,442 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng trading up by 0.4 pct. While Nikkei trading higher by 1.7 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices extended losses on Wednesday on the back of lack of support from FIIs.
Result Today – Bajaj Auto, Mazagaon Dock, Samhi Hotels, AWHCL
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,312 | -0.3 | 4.1 |
| Nifty | 24,752 | -0.3 | 4.7 |
| Nifty Bank | 55,471 | 0.2 | 9.1 |
| Nifty Midcap 100 | 57,141 | -0.0 | -0.1 |
| Nifty Smallcap 100 | 17,784 | 0.3 | -5.2 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 4662 | -124,284 |
| DII | 7911 | 271,517 |
Stocks to watch
Positive Read through
- Varun Bev – Started commercial production from Meghalaya unit.
- Sail – Volume growth at 17 pct vs estimate of 10 pct rise, net debt declined.
- Deepak Nitrite – EBITDA rose 5 pct, margin at 14.52 pct vs 14.16 pct YoY.
- Som Distilleries – Margin at 12.34 pct vs 10.97 pct, profit grew 18.50 pct YoY.
- Cummins – Meets double-digit growth guidance for FY25, exports jumped 39 pct YoY.
- Avanti Feeds – EBITDA rose 36.40 pct, margin at 12.76 pct vs 10.09 pct YoY.
- IRCTC – EBITDA grew 6.4 pct, sales rose 10 pct YoY, ticketing margin above 82 pct.
- Mishra Dhatu – EBITDA up 16.2 pct, margin at 22.75 pct vs 19.83 pct YoY.
- Welspun Corp – Margin at 11.7 pct vs 7.40 pct, EBITDA up 39 pct YoY.
- Rites – Enters into an MoU with Shree Cement for development of rail infra & allied services.
- LTIMindtree – Company and Aramco Digital Launch NextEra: A New Era in IT Services.
- Oil India – Allocated a Potash exploration block in Rajasthan.
Negative Read through
- NACL – Posted EBITDA loss against EBITDA profit, sales declined 5 pct YoY.
- Radico Khaitan – Post Internal review has decided to withdraw TRIKAL brand.
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