Market Commentary
Global markets – US indices closed higher on Wednesday as buying returns to AI related stocks. Dow Jones closed flat. While Nasdaq closed green by 1.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,601 | -0.0 | 9.5 |
| Nasdaq | 23,043 | 1.1 | 19.3 |
| Hang Seng | 26,802 | -0.1 | 33.6 |
| Nikkei | 48,405 | 1.4 | 21.3 |
Commodities – Gold prices remained steady and currently stood at USD 4,019 amid profit taking and signs of subsidising geopolitical risk. On the other hand, oil prices stood at USD 65.08/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,019 | -0.5 |
| Silver ($) | 48.77 | -0.1 |
| Brent Crude ($) | 65.08 | -0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,841 | 55,119 |
| 100 DMA | 24,948 | 55,727 |
| 200 DMA | 24,174 | 53,273 |
Asian markets – Asian markets trading mixed in the early morning trade. Hang Seng trading down by 0.1 pct. While Nikkei trading positive by 1.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices closed lower on Wednesday dragged by decline in all sectors except IT sector.
Results Today – TCS, Tata Elxsi
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 81,773 | -0.2 | 4.7 |
| Nifty | 25,046 | -0.2 | 5.9 |
| Nifty Bank | 56,018 | -0.4 | 10.1 |
| Nifty Midcap 100 | 57,886 | -0.7 | 1.2 |
| Nifty Smallcap 100 | 17,890 | -0.5 | -4.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 81 | -256,815 |
| DII | 329 | 587,139 |
Stocks to watch
Positive Read through
- HFCL – Bags export orders worth Rs 3.03 bn for supply of optical fibre cables.
- Hyundai – Relief granted by ITAT, to get Rs 220 mn refund.
- IRB Infra – IRB InvIT likely to raise up to Rs 32.50 bn via QIP, offer price at Rs 60 per share.
- Escorts – Management met Haryana CM in Japan, intends to invest up to Rs 20 bn by 2031.
- Lupin – To set up state-of-the-art facility at Coral Springs, Florida for USD 250 mn.
- Crompton – Bags Rs 516 mn solar rooftop order in Telangana household.
- Tejas Networks – Launches indigenously designed 64T64R massive MIMO radio.
- Prestige Estates – Q2 sales up 50 pct, realisation rose 8 pct YoY.
- Eicher – VE Commercial Vehicles announces Rs 5.44 bn investment.
- Netweb – Partners with Bengaluru-based Bud to jointly develop affordable, localised AI infrastructure.
- Saatvik – Q1FY26 margin at 19.34 pct vs 13.18 pct, profit at Rs 1188 mn vs Rs 212 mn YoY.
- GR Infra – Bags EPC project worth Rs 2.90 bn from State Highways Authority of Jharkhand.
- EPL – Anand Kripalu to step down, Hemant Bakshi appointed new CEO.
- Sun Pharma – NCLT approves composite scheme of arrangement for merger of five arms.
Negative Read through
- Concor – Q2 volume data softer than guidance, Exim volume up 8.7 pct YoY.
- Senco – Total sales grew 6.5 pct YoY in Q2, launched 5 more showeroom.
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