Market Commentary
Global markets – US indices closed positive on Tuesday led by energy stocks and US-China trade optimism. Dow rose by 0.3 pct while Nasdaq jumped by 1.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,556 | 0.3 | 4.7 |
| Nasdaq | 19,654 | 1.4 | 1.8 |
| Hang Seng | 20,660 | -0.6 | 3.0 |
| Nikkei | 38,727 | -0.2 | -2.9 |
Commodities – Gold prices at record high and stood at USD 2,851 as demand for safe haven commodity rises. On the other hand, oil prices fell and stood at USD 75.79/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,851 | 0.3 |
| Silver ($) | 32.14 | 0.1 |
| Brent Crude ($) | 75.79 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,782 | 50,779 |
| 100 DMA | 24,262 | 51,332 |
| 200 DMA | 24,020 | 50,863 |
Asian markets – Asian markets opened with mixed note while China opened muted. Hang Seng slipped 0.6 pct. While Nikkei trading lower by 0.2 pct.
Indian Indices
India’s equity benchmarks are likely to open green as gift nifty indicates. Benchmark Indices jumped on Tuesday as trump pauses tariff on Canada, Mexico.
Results Today – Solar Industries, Cummins, Swiggy
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,583 | 1.8 | 0.6 |
| Nifty | 23,739 | 1.6 | 0.4 |
| Nifty Bank | 50,157 | 1.9 | -1.4 |
| Nifty Midcap 100 | 53,813 | 1.6 | -5.9 |
| Nifty Smallcap 100 | 16,798 | 1.1 | -10.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 809 | -91,851 |
| DII | -430 | 89,694 |
Stocks to watch
Positive Read through
- Tata Power – EBITDA jumped 38.6 pct, margins at 21.8 pct vs 16.5 pct YoY.
- NLC India – Wins new Patrapara South coal mine block at Angul, Odisha.
- Lemon Tree – Company reported highest-ever sales, EBITDA & profit in a quarter.
- Whirlpool – Gross margin expanded 180 bps, EBITDA up 11 pct YoY.
- Tilaknagar Ind – EBITDA up 17.5 pct, margin at 17.7 pct vs 13.7 pct YoY.
- IEX – Jan electricity traded volume grew 16 pct YoY at 10,910 MU.
- Godrej Props – Extremely confident of meeting the full-year guidance.
- Global Health – EBITDA rose 11 pct, profit up 15.3 pct YoY.
- JB Chem – Domestic formulation sales grew by 23 pct, EBITDA up 13 pct YoY.
- Prism Johnson – Sale of part premises at Pen unit to JSW Steel for Rs. 1.65 bn.
- Metropolis – In-line to slight miss, sales up 11 pct YoY, margin flat.
- RVNL – Gets LoA for a project worth Rs. 4.04 bn from East Coast Railway.
- J Kumar – EBITDA jumped 21.9 pct, sales rose 22 pct YoY.
Negative Read through
- Happiest Minds – CC sales growth at 0.80 pct vs 12.70 pct, margin flat QoQ.
- Birla Corp – Sales fell 2.3 pct, margin at 11 pct vs 16.4 pct YoY.
- Titan – Q3 below estimates, margin miss on one-off inventory loss.
- Max Fin – VNB, total APE miss estimates, VNB margin fell 400 bps YoY.
- Kirloskar Ferrous – EBITDA slipped 25.1 pct, margin at 10.8 pct vs 15 pct YoY.
- Hero Motocorp – Gets two GST penalty demand orders of Rs. 4.56 bn.
- Niva Bupa – Operating profit fell 71 pct, combined ratio up 774 bps YoY.
- Torrent Power – Margin at 17 pct vs 16.4 pct, sales up 2.1 pct YoY.
- JK Tyre – Posted Q3 weak as expected, material costs weigh on earnings.
- Triveni Engg – EBITDA fell 60 pct, margin at 4.8 pct vs 12.4 pct YoY.
- BASF – EBITDA fell 19.9 pct, margin at 4.5 pct vs 6.4 pct YoY.
- HOEC – EBITDA fell 2 pct, sales slipped 19 pct YoY.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
