Market Commentary
Global markets – US indices closed lower on Tuesday amid escalating US-China trade war. Dow Jones fell by 0.8 pct. While Nasdaq tumbled by 2.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 37,645 | -0.8 | -11.5 |
| Nasdaq | 15,267 | -2.2 | -20.9 |
| Hang Seng | 19,851 | -1.4 | -1.0 |
| Nikkei | 32,146 | -2.6 | -19.4 |
Commodities – Gold prices rose and stood at USD 3,004 on safe haven demand. On the other hand, oil prices fell and stood at USD 60.97/bbl as US imposed 104% tariffs on China.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,004 | 0.7 |
| Silver ($) | 29.87 | 0.1 |
| Brent Crude ($) | 60.97 | -1.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,981 | 49,522 |
| 100 DMA | 23,425 | 50,312 |
| 200 DMA | 24,070 | 51,029 |
Asian markets – Asian markets trading Negative in early morning trade amid US-China Tension. Hang Seng slipped by 1.4 pct. While Nikkei trading lower by 2.6 pct.
Indian Indices – India’s equity benchmarks are likely to open gap down as Gift Nifty indicates. Benchmark indices jumped 1.5 pct on Tuesday led by bargain buying and a broader Asian rally.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 74,227 | 1.5 | -5.0 |
| Nifty | 22,535 | 1.7 | -4.7 |
| Nifty Bank | 50,511 | 1.3 | -0.7 |
| Nifty Midcap 100 | 49,838 | 2.1 | -12.9 |
| Nifty Smallcap 100 | 15,389 | 2.1 | -18.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -9040 | -167,119 |
| DII | 12122 | 206,786 |
Stocks to watch
Positive Read through
- Concord Bio – Gets US FDA nod to market teriflunomide, USD 402 mn market size.
- OMCs/Paint Cos – US crude (WTI) drops 4 pct to 4-year low, Brent near USD 60/bbl.
- Senco Gold – Posted 23 pct sales growth in Q4 led by 18.4 pct same-store-sales growth.
- IRB Infra – March 2025 toll sales collections grew 15.8 pct, expects growth trajectory to continue.
- Shyam Metalics – March stainless steel volumes up 13 pct, aluminium foil average realisation up 14 pct YoY.
- Cochin Shipyard – In MoU with Drydocks World for development of ship repair clusters.
- BPCL – JV agreement with Sembcorp Green for renewable energy and green hydrogen projects.
- Signature Global – Surpasses FY25 pre-sales guidance, jumped 42 pct YoY.
- Home First – Launches Rs. 12.50 bn QIP, indicative price in Rs. 968–988/share range, as per reports.
- HUDCO – Finance ministry allows issuance of capital gain bonds under Section 54EC for infra financing.
- Symphony – To consider divestment of Australian and Mexican arms.
- Phoenix mills – Consumption across all operational malls rose 15 pct YoY in Q4.
Negative Read through
- Pharma Cos – US President reiterates on tariffs, says will be announced soon.
- ONGC/OIL – US crude (WTI) drops 4 pct to 4-year low, Brent near USD 60/bbl.
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