Market Commentary
Global markets – US indices ended red on Friday as White House says Trump to implement tariffs. Dow slipped by 0.8 pct while Nasdaq ended lower by 0.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,544 | -0.8 | 4.7 |
| Nasdaq | 19,627 | -0.3 | 1.6 |
| Hang Seng | 20,943 | -1.4 | -0.6 |
| Nikkei | 38,612 | -2.4 | -3.2 |
Commodities – Gold prices fell and stood at USD 2,775 as Dollar rises after Trump imposes tariff on Mexico and Canada. On the other hand, oil prices fell and stood at USD 76.08/bbl as stronger dollar fuelling pressure on Oil.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,775 | -0.7 |
| Silver ($) | 30.76 | -0.8 |
| Brent Crude ($) | 76.08 | -0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,810 | 50,881 |
| 100 DMA | 24,295 | 51,367 |
| 200 DMA | 24,005 | 50,840 |
Asian markets – Asian market trading lower in the early morning trade. Hang Seng fell 1.4 pct. While Nikkei trading red by 2.4 pct amid concern over global tariff.
Indian Indices – India’s equity benchmarks are likely to open Gap down as Gift Nifty indicates. Benchmark Indices ended long week mixed on Saturday followed by budget day volatility.
Results Today – Power Grid, Tata Chemical, GRSE.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,505 | 0.0 | -0.8 |
| Nifty | 23,482 | -0.1 | -0.7 |
| Nifty Bank | 49,506 | -0.2 | -2.7 |
| Nifty Midcap 100 | 53,486 | -0.4 | -6.5 |
| Nifty Smallcap 100 | 16,979 | 0.4 | -9.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1327 | -88,702 |
| DII | 824 | 87,416 |
Stocks to watch
Positive Read through
- Eicher Motors – Posted strong monthly sales, 4 pct higher than estimates.
- Moil – January sales grew 17 pct YoY, raises prices of different grades of manganese ore.
- Hero Moto – Total sales in-line with estimates, exports sales up 141 pct YoY.
- Lupin – US FDA issues zero observations for Somerset facility, unit cleared.
- Lemon Tree – Signed a Concession Agreement with MTDC for the redevelopment O&M of Orchid Hotel in Shillong.
- Coal India – Jan offtake up 2.2 pct, coal production down 0.8 pct YoY.
- Anant Raj – Sales came at Rs 5.34 bn vs Rs 3.92 bn YoY, Profit soars 55 pct YoY.
- Kirloskar Ferrous – 70 MW DC solar plant is fully operational.
Negative Read through
- Aarti Ind – Profit fell 63 pct, margin at 12.6 pct vs 15 pct YoY.
- ICICI Lombard – GST authority passes order, confirming Rs. 5.50 bn demand & penalty.
- HDFC Life – GST adjudicating authority passes order, confirming Rs. 9.42 bn demand.
- GR Infra – Margin at 21.8 pct vs 23.8 pct, revenue down 20.6 pct YoY.
- V.S.T. Tillers – Posted January 2025 sales of 3416 total power tillers and tractors, compared to 4146 in January 2024.
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