Market Commentary
Global markets – US indices closed Positive on Monday led by rally in technology stocks and shrugged off the uncertainty of a potential U.S. government shutdown. Dow Jones closed up by 0.1 pct. While Nasdaq closed green by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,316 | 0.1 | 8.9 |
| Nasdaq | 22,591 | 0.5 | 17.0 |
| Hang Seng | 26,585 | -0.1 | 32.5 |
| Nikkei | 45,023 | -0.0 | 12.9 |
Commodities– Gold prices climbed and currently stood at USD 3,847 amid mounting concerns over a looming US government shutdown. On the other hand, oil prices stood at USD 68.65/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,847 | 0.3 |
| Silver ($) | 46.96 | 0.1 |
| Brent Crude ($) | 68.65 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,865 | 55,305 |
| 100 DMA | 24,932 | 55,682 |
| 200 DMA | 24,162 | 53,193 |
Asian markets – Asian markets trading lower in the early morning trade. Hang Seng trading up down by 0.1 pct. While Nikkei trading negative.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices continued losses on Monday driven by selling in Private banks.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,364 | -0.1 | 2.8 |
| Nifty | 24,634 | -0.1 | 4.2 |
| Nifty Bank | 54,461 | 0.1 | 7.1 |
| Nifty Midcap 100 | 56,533 | 0.3 | -1.2 |
| Nifty Smallcap 100 | 17,548 | -0.1 | -6.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2831 | -252,507 |
| DII | 3845 | 572,152 |
Stocks to watch
Positive Read through
- M&M – To sell its entire stake in Sampo to Tera Yatirim for ~Rs. 520 mn.
- Blue Dart – To hike average shipment price in the range of 9-12 pct with effect from January 1, 2026.
- BEL – Bags order worth Rs. 10.92 bn since last disclosure on September 16.
- Tata Steel – Bags € 2 bn Dutch government aid for green shift, eyes € 0.3 bn from innovation fund.
- Stanley Life – Forays into international market, signs exclusive distribution and license agreement with Singer PLC.
- Thomas Cook – Partners with tourism ministry to elevate destination experiences across India.
- Allcargo Gati – Announces an average 10.2 pct general price increase effective January 1, 2026.
- Railtel – Bags Rs. 375 mn order from Vizag port.
- DCX systems – Bags purchase orders worth Rs. 500 mn.
- IRFC – Signs loan agreements worth Rs. 164.89 bn for 2 projects.
Negative Read through
- Zee Ent, Sun TV, Tips Films – US imposes 100 pct tariffs on foreign made films.
- Adani Green – TotalEnergies may sell part of its stake in company, CEO at investor meet.
- Man Ind – SEBI bars firm, three top executives from securities market.
- Tata Motors – JLR demand outlook challenging in near-term for Europe, China, US.
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