Market Commentary
Global markets – US indices closed positive on Wednesday after strong economic data and earnings. Dow Jones closed green by 0.5 pct. While Nasdaq closed higher by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 47,311 | 0.5 | 11.2 |
| Nasdaq | 23,499 | 0.6 | 21.7 |
| Hang Seng | 26,349 | 1.6 | 31.4 |
| Nikkei | 50,757 | 1.1 | 27.2 |
Commodities – Gold prices remain steady and currently stood at USD 3,980 as Fed cut bets fade. On the other hand, oil prices stood at USD 63.66/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,980 | 0.0 |
| Silver ($) | 47.86 | -0.2 |
| Brent Crude ($) | 63.66 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,178 | 55,820 |
| 100 DMA | 25,096 | 56,061 |
| 200 DMA | 24,352 | 53,915 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 1.6 pct. While Nikkei trading positive by 1.1 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices closed negative on Tuesday as broader profit booking dampens earnings optimism.
Results Today – Cummins, Apollo Hospitals, ABB, Amber.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,459 | -0.6 | 6.8 |
| Nifty | 25,597 | -0.6 | 8.3 |
| Nifty Bank | 58,827 | -0.5 | 13.7 |
| Nifty Midcap 100 | 60,037 | -0.4 | 5.0 |
| Nifty Smallcap 100 | 18,360 | -0.8 | -2.2 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1067 | -260,132 |
| DII | 1202 | 635,317 |
Stocks to watch
Positive Read through
- Britannia – Stellar EBITDA performance, appoints Rakshit Hargave as CEO and ED.
- TCS – Expanded 18-year partnership with ABB to modernise IT and strengthen digital foundation.
- M&M – Likely to sell entire 3.45 pct stake in RBL Bank for near Rs. 6.80 bn.
- Garden Reach – Sales jumped 45.5 pct, margin at 9.3 pct vs 5.9 pct YoY.
- Paytm – Sales up QoQ across segments, margin expanded 317 basis points QoQ.
- Sun Pharma – Q1 sales in line with estimates, operational beat.
- Aurobindo – Q2 earnings in line with estimates, Europe formulations sales up 17.8 pct YoY.
- Metropolis Health – EBITDA up 20.5 pct, sales grew 23 pct YoY.
- Apollo Micro – EBITDA jumped 82.7 pct, margin at 26.45 pct vs 20.29 pct YoY.
- Fortis, GE Vernova, Siemens Energy – Included in MSCI India Standard Index.
- Blue Star – Margin expanded 100 bps, sales rose 6 pct YoY.
- Indian Hotels – Q2 seasonally soft, healthy guidance for H2.
- USL – Initiates strategic review of sports arm RCSPL which owns RCB team.
- Allied Blenders – EBITDA grew 22.3 pct, margin at 6.4 pct vs 5 pct YoY.
Negative Read through
- BEML – Sales declined 2.4 pct, EBITDA flat YoY.
- Hindalco – Novelis Q2FY26 results weak on expected line, capex hiked.
- Tata Elxsi, Concor – Excluded from MSCI India Standard Index.
- Grasim – Margin at 3.8 pct vs 4.3 pct, Birla Opus CEO resigns.
- Delhivery – Posted loss versus profit, margin at 2.7 pct vs 2.6 pct YoY.
- Whirlpool – Reported profit fell 20.6 pct, margin at 3.5 pct vs 5 pct YoY.
- Berger Paints – EBITDA down 19 pct, margin at 12.5 pct vs 15.6 pct YoY.
- Jubilant Pharmova – US FDA issues 9 observations for Montreal unit.
- AB Fashion – EBITDA fell 14 pct, margin at 3.5 pct vs 4.5 pct YoY.
- Dalmia Bharat – EBITDA down 16.8 pct, margin at 5.6 pct vs 7.3 pct YoY.
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