Market Commentary
Global markets – US indices closed lower on Tuesday as tariff uncertainties increases. Dow Jones closed down by 0.5 pct. While Nasdaq closed red by 0.8 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 45,295 | -0.5 | 6.5 |
| Nasdaq | 21,279 | -0.8 | 10.2 |
| Hang Seng | 25,510 | 0.1 | 27.2 |
| Nikkei | 42,186 | -0.3 | 5.7 |
Commodities – Gold prices steady and currently stood at USD 3,351 on expectations of US monetary easing. On the other hand, oil prices stood at USD 68.69/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,351 | 0.0 |
| Silver ($) | 40.67 | -0.4 |
| Brent Crude ($) | 68.69 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,984 | 56,080 |
| 100 DMA | 24,728 | 55,541 |
| 200 DMA | 24,076 | 52,926 |
Asian markets – Asian markets trading mixed in the early morning trade, Hang Seng trading up by 0.1 pct. While Nikkei trading negative by 0.3 pct.
Indian Indices – India’s equity benchmarks are likely to open muted as GIFT Nifty indicates. Benchmark Indices closed lower on Tuesday as an expiry-driven pullback in heavyweight financials offset a broad-based rally.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,157 | -0.3 | 2.6 |
| Nifty | 24,579 | -0.2 | 4.0 |
| Nifty Bank | 53,661 | -0.6 | 5.5 |
| Nifty Midcap 100 | 56,997 | 0.3 | -0.4 |
| Nifty Smallcap 100 | 17,591 | 0.5 | -6.3 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1159 | -222,122 |
| DII | 2549 | 519,465 |
Stocks to watch
Positive Read through
- TCS – Expands strategic partnership with Tryg, bags €550 mn deal for 7 years.
- Adani Power – Gets coal ministry nod to commence Dhiruali mine operations.
- DCM Shriram – Long-term strategic agreement with Aarti Industries for the supply of chlorine.
- PNC Infra – Emerged as lowest bidder for Varanasi airport project of Rs 2.97 bn.
- Inox Green – Signed multiple agreements for O&M of 189.1 MWp solar projects.
- Eternal – Zomato hikes platform fee to Rs 12 from Rs 10.
- Waaree Energies – 64 pct equity acquisition in Kotson’s for Rs 1.92 bn; US company alleges patent infringement, as per reports.
- TBO Tek – To acquire USD 111 mn sales US luxury travel player Classic Vacations for USD 125 mn.
- JSW Cement – Q1FY26 sales volume rose 8 pct, margin at 20.68 pct vs 13.81 pct YoY.
- MOIL – August production grew 17 pct YoY at 1.45 lakh tonnes of manganese ore.
- Lemon Tree – Signed 3 new properties, one in Pushkar and tow in Ajmer.
- E2E Networks – GPU order from IndiaAI worth Rs. 1.77 bn for 360 days.
Negative Read through
- Indus Tower – To foray in Africa, leverage anchor customer relations with Airtel.
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