Market Commentary
Global markets – US indices closed positive on Friday as US Jobs data beats estimates. Dow Jones closed green by 1.4 pct. While Nasdaq jumped by 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,317 | 1.4 | -2.9 |
| Nasdaq | 17,977 | 1.5 | -6.9 |
| Hang Seng | 22,504 | 0.6 | 12.2 |
| Nikkei | 36,830 | 0.3 | -7.7 |
Commodities – Gold prices rose and stood at USD 3,269 amid global uncertainties, On the other hand, oil prices fell and stood at USD 59.11/bbl as OPEC+ confirms output hikes.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,269 | 0.8 |
| Silver ($) | 32.16 | 0.6 |
| Brent Crude ($) | 59.11 | -3.8 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,066 | 50,627 |
| 100 DMA | 23,401 | 50,628 |
| 200 DMA | 24,050 | 51,112 |
Asian markets – Asian markets closed today. Hang Seng closed green by 0.6 pct on Friday. While Nikkei closed positive by 0.3 pct on Friday.
Indian Indices – India’s equity benchmarks are likely to open gap up as GIFT Nifty indicates. Benchmark indices closed positive on Friday on the back of positive foreign flows and trade deal hopes.
Result Today – M&M, Indian Hotels, CCL Products
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,501 | 0.3 | 3.0 |
| Nifty | 24,346 | 0.0 | 3.0 |
| Nifty Bank | 55,115 | 0.1 | 8.4 |
| Nifty Midcap 100 | 53,705 | -0.8 | -6.1 |
| Nifty Smallcap 100 | 16,441 | -0.0 | -12.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2769 | -138,844 |
| DII | 3209 | 220,548 |
Stocks to watch
Positive Read through
- Tata Motors – JLR resumes US shipments after 1-month pause, as per reports.
- RR Kabel – Sales jumped 26 pct, margin at 8.7 pct vs 6.5 pct YoY.
- Sunteck Realty – Q4 pre-sales rose 28 pct YoY, FY25 pre-sales meet with guidance.
- Paint Cos – Crude fall can have a positive impact.
- Marico – Posted Q4 earnings in-line, FY26 outlook healthy, sees double-digit growth.
- Azad Engg – Long-term supply agreement of Rs. 4.52 bn with GE Steam Power GMBH.
- City Union Bank – NII rose 10 pct, provisions unchanged at Rs. 780 mn QoQ.
- Oberoi Realty – Rs. 9.70 bn booking value at Elysian Tower D at Garden City, Goregaon.
- Ircon Intl – Bags order of Rs. 4.58 bn from North Eastern Electric Power Corp.
- OMCs – Crude slips further, can boost the margin.
Negative Read through
- Kotak Bank – Posted weakest business momentum in 3 years, 5.4 pct NII growth lowest in 14 quarters.
- CDSL – Misses estimates on Sales & operating profit.
- Ola Electric – ICRA downgrades rating of its subsidiary Ola Cell Technologies.
- SBI – Other income aids profit, NIM at 15-quarter low and NII growth lowest in 20 quarters.
- Indian Bank – NII rose 6 pct YoY but down 1 pct QoQ, NIM falls YoY & QoQ.
- Avenue Super – Weak operational performance, margin down 100 bps YoY.
- AU SFB – Company may see block deals of 1.25 pct equity, price at Rs. 650/share, as per reports.
- ONGC, OIL – Crude extends losses, Brent slipped below USD 60/bbl.
- Concord Bio – US FDA issues 4 observations for Dholka-based API facility.
- Jindal Saw – Adjusted EBITDA 4 pct lower than estimates, order book fell 10 pct QoQ.
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