Market Commentary
Global markets – US indices closed higher on Monday as Trump-Xi talks loom. Dow Jones closed positive by 0.1 pct. While Nasdaq rose by 0.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 42,305 | 0.1 | -0.6 |
| Nasdaq | 19,242 | 0.7 | -0.4 |
| Hang Seng | 23,518 | 1.6 | 17.2 |
| Nikkei | 37,546 | 0.2 | -5.9 |
Commodities – Gold prices fell and currently trading at USD 3,366. On the other hand, oil prices stood at USD 65/bbl after Iran dismisses US nuclear trade deal.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,366 | -0.5 |
| Silver ($) | 34.04 | -2.1 |
| Brent Crude ($) | 65.00 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,004 | 53,560 |
| 100 DMA | 23,508 | 51,283 |
| 200 DMA | 24,067 | 51,524 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng trading up by 1.6 pct. While Nikkei trading higher by 0.2 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices closed in red on Monday dragged by IT and Metals due to new tariff threats.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,373 | -0.1 | 4.1 |
| Nifty | 24,716 | -0.1 | 4.5 |
| Nifty Bank | 55,903 | 0.3 | 9.9 |
| Nifty Midcap 100 | 57,775 | 0.6 | 1.0 |
| Nifty Smallcap 100 | 18,095 | 1.2 | -3.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2589 | -132,439 |
| DII | 5313 | 290,214 |
Stocks to watch
Positive Read through
- Transrail – Bags orders worth Rs. 5.34 bn across domestic and international geographies.
- Torrent Power – Signs long-term LNG supply agreement with BP Singapore.
- Hcltech – Partners with NYSE-listed UiPath for agentic automation for global enterprises.
- Glenmark – Data shows continued high response rates and favourable safety profile of drug ISB 2001.
- Mphasis – Company continues to be a service provider in FedEx ecosystem.
- Sarda Energy – Raigad unit expansion gets nod to operate from Water Pollution Control Authority.
- Ongc/Oil – Oil rises 3 pct, Brent back at USD 65/bbl on steady OPEC+ output increase.
- Biocon – Gets DCGI nod to launch first GLP 1 drug in India, liraglutide to treat diabetes.
- Man Ind – Board approves fund raise of up to Rs. 3 bn via preferential issue at Rs. 328/sh.
- Apeejay Surrendra – Hotel management agreement with Goyal Parmarthik Trust for The Park, Mathura..
- Star Cement – Commenced commercial production of AAC Blocks.
- Yes Bank – SMBC to seek RBI license to operate full-owned subsidiary ahead of Yes Bank stake acquisition.
- Britannia Industries – A strike at the Jhagadia plant in Gujarat has been called off.
- Reliance Infra – Aims for Rs 30 bn in defence exports within two years.
Negative Read through
- Zinka – Quickroutes Intl to sell entire 9 pct stake via block deal, Floor price at 8 pct discount to CMP.
- Asian Paints/OMCs – Oil rises 3 pct, Brent back at USD 65/bbl on steady OPEC+ output increase.
- Aptus Value – Promoter to sell 9.8 pct stake via block deal, Floor price at 10 pct discount to CMP.
- Ubl – To shut brewery unit in Mangalore, expand and consolidate operations at Mysuru.
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