Market Commentary
Global Market – US indices closed higher on Thursday over stronger dollar supported by Jobs data. Dow Jones closed green by 0.8 pct. While Nasdaq jumped 1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,828 | 0.8 | 5.4 |
| Nasdaq | 20,601 | 1.0 | 6.7 |
| Hang Seng | 23,810 | -0.4 | 18.7 |
| Nikkei | 39,628 | -0.5 | -0.7 |
Commodities – Gold prices fell and currently stood at USD 3,315 over easing trade developments. On the other hand, oil prices fell and stood at USD 66.03/bbl driven by potential output hike by OPEC+
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,315 | -0.3 |
| Silver ($) | 36.76 | -0.3 |
| Brent Crude ($) | 66.03 | -0.6 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,819 | 55,690 |
| 100 DMA | 23,915 | 52,961 |
| 200 DMA | 24,089 | 52,147 |
Asian markets – trading negative in the early morning trade. Hang Seng trading down by 0.4 pct. While Nikkei trading lower by 0.5 pct.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 83,432 | 0.2 | 6.8 |
| Nifty | 25,461 | 0.2 | 7.7 |
| Nifty Bank | 57,031 | 0.4 | 12.1 |
| Nifty Midcap 100 | 59,677 | 0.0 | 4.3 |
| Nifty Smallcap 100 | 19,033 | 0.3 | 1.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -760 | -128,375 |
| DII | -1028 | 361,954 |
Stocks to watch
Positive Read through
- Godrej Consumer – Standalone business to delivered high single-digit value growth
- Kalyan Jewellers – Q1 consolidated sales grew ~31 pct, same-store sales up 18 pct YoY
- Nykaa – Arm CuraTeQ Bio gets marketing authorisation from Euro regulator for Dazublys
- Biocon – Gets UK regulator’s nod for Vevzuo and Evfraxy, denosumab biosimilars
- Eternal – Aditya Mangla takes over as CEO of foods business
- Borosil RE – German arm files for bankruptcy, cash loss of Rs. 90 mn/month should cease
- Dhanlaxmi Bank – Loan book growth at 17 pct YoY, aided by gold loans
- Senco Gold – Q1 sales rose 28 pct, retail business sales jumped 24 pct YoY
- RVNL – Gets LoA for a project worth Rs. 1.43 bn from Southern Railway
- Cochin Shipyard – Signed a MoU with HD Korea Shipbuilding & Offshore Engineering Co. Ltd
- Piramal Pharma – Unit received USD 2.4 mn in settlement from Astral
- BEML – Won export orders worth USD 6.23 mn from CIS region, Uzbekistan.
- Hindustan Copper- Shifts to underground mining, plans to double output amid surge in infra demand
Negative Read through
- Equitas SFB – Q1 loan book flat QoQ, MFI slippages expanded 690 bps QoQ
- Shyam Metalics – Q1 average realisations down 4 pct, aluminium foil sales volume fell 3 pct QoQ
- Dabur – Consumer sales growth in low single digit; unseasonal rains impact beverage business
- ESAF SFB – Loan book declined 3 pct YoY as MFI loans fell 39 pct YoY
- Bank of India – Q1 deposits rose 9 pct YoY vs FY26 guidance of 11-12 pct
- Indusind – Advances and deposits fell both YoY and QoQ, dragged by corporate banking
- Utkarsh SFB – Loan book growth at 2 pct YoY, dragged by slowdown in JLG business
- IDBI Bank – Loan book declines 3 pct and deposit down 4.3 pct QoQ
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