Market Commentary
Global markets – US indices rebounded on Wednesday as Trump granted 1 month tariff exemption to automakers. Dow closed in positive by 1.1 pct while Nasdaq surged by 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 43,006 | 1.1 | 1.1 |
| Nasdaq | 18,552 | 1.5 | -3.9 |
| Hang Seng | 24,169 | 2.4 | 20.5 |
| Nikkei | 37,725 | 0.8 | -5.4 |
Commodities – Gold prices stood at USD 2,923, eyeing US payroll data. On the other hand, oil prices stood at USD 69.71/bbl over supply impact.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,923 | 0.2 |
| Silver ($) | 32.57 | -0.2 |
| Brent Crude ($) | 69.73 | 0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,200 | 49,412 |
| 100 DMA | 23,738 | 50,663 |
| 200 DMA | 24,069 | 50,954 |
Asian markets – Asian markets trading in the positive territory in early morning trade, largely tracking global peers. Hang Seng rose by 2.4 pct. While Nikkei rose by 0.8 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as Gift Nifty indicates. Benchmark indices closed positive on Wednesday led by rally in IT and Metals stocks. Additionally, a dip in the US dollar and treasury yields may have supported the rally.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,730 | 1.0 | -5.6 |
| Nifty | 22,337 | 1.2 | -5.5 |
| Nifty Bank | 48,489 | 0.5 | -4.7 |
| Nifty Midcap 100 | 49,168 | 2.4 | -14.0 |
| Nifty Smallcap 100 | 15,199 | 3.0 | -19.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2895 | -157,452 |
| DII | 3770 | 168,458 |
Stocks to watch
Positive Read through
- FMCG Stocks – Edible oil prices to soften as China slaps extra 10 pct import duty on US Soya.
- RPP Infra – Received a LoA for a new contract of Rs 809 mn.
- Wipro – Launched TelcoAI360 to transform operations for telcos by leveraging AI.
- TCS – Partners with Vantage Towers to Enhance Telecom Site Management in Europe.
- GHV Infra – Received a Rs. 3.63 bn EPC order from GHV (India) for a 100 MW solar power project.
- Zydus Lifesciences – Secures USFDA approval to sell generic leukaemia tablets.
- R Systems – Launched an IoT Smart C2C Connector on AWS to simplify smart home device integration.
- Cellecor Gadgets – Partnered with Zepto to expand its online sales channels.
- Auto ancillaries – US President gave a one-month tariff exemption to US automakers.
- MosChip – Launches MosChip DigitalSky GenAIoT to accelerate the development of Next-Gen Connected, Intelligent Products.
- Zaggle – Entered into an agreement with Tech Mahindra Limited.
- Banks, NBFC – RBI to inject liquidity of Rs. 1.9 trillion.
- LIC Housing – Board approves borrowing budget of Rs. 1.22 trillion for FY26.
Negative Read through
- ONGC, OIL – Crude extend losses, falls for 3rd straight sessions.
- Angel One – Average daily orders declined 40 pct and gross client acquisition slipped by 52 pct YoY.
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