Market Commentary
Global markets – US indices closed higher on Thursday led by rally in tech stocks. Dow Jones grew by 1.2 pct. While Nasdaq closed positive by 2.7 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,093 | 1.2 | -5.8 |
| Nasdaq | 17,166 | 2.7 | -11.1 |
| Hang Seng | 22,196 | 1.3 | 10.7 |
| Nikkei | 35,527 | 1.4 | -10.9 |
Commodities – Gold prices rose and stood at USD 3,349 over uncertainty in global trade policies, On the other hand, oil prices stood at USD 65.89/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,349 | 0.0 |
| Silver ($) | 33.56 | -0.1 |
| Brent Crude ($) | 65.89 | 0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,023 | 50,328 |
| 100 DMA | 23,397 | 50,534 |
| 200 DMA | 24,052 | 51,075 |
Asian markets – Asian markets trading higher the early morning trade, largely tracking western peers. Hang Seng trading green by 2.2 pct. While Nikkei trading positive by 1.7 pct.
Indian Indices – India’s equity benchmarks are likely to open positive as GIFT Nifty indicates. Benchmark indices closed red on Thursday as investors turned risk averse due to geopolitical developments.
Result Today – Reliance, Maruti, Tata Tech, LT Finance
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,801 | -0.4 | 2.1 |
| Nifty | 24,246 | -0.3 | 2.5 |
| Nifty Bank | 55,201 | -0.3 | 8.5 |
| Nifty Midcap 100 | 54,969 | -0.1 | -3.9 |
| Nifty Smallcap 100 | 16,963 | -0.0 | -9.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 8250 | -149,476 |
| DII | -534 | 207,739 |
Stocks to watch
Positive Read through
- Hero Moto – Launches four new products in Sri Lanka.
- Axis Bank – Posted Q4 above estimates, GNPA ratio is lowest in 39 quarters.
- Power Grid – 85 MW solar PV power plant at Nagda, Ujjain is commercially operational.
- Tech Mah – Margin above estimates, net new deals TCV up 7 pct QoQ.
- Tanla Platforms – Q4 sales grew 2.40 pct, margin flat QoQ.
- Patel Engg – Emerges as lowest bidder for projects worth Rs. 20.37 bn.
- Rites – Bags Rs. 280 mn consulting project from Mahanadi Coalfields.
- L&T Tech – FY26 will be a better year than FY25; CC sales growth at 10.50 pct vs estimate of 13 pct.
- Aavas Fin – Q4 AUM rose 18 pct, disbursements rose 6.90 pct YoY.
- Mphasis – Highest QoQ sales growth in past 3 years, growth led by BFSI & TMT verticals.
- SBI Life – Q4 above estimates, VNB margin up 216 bps YoY.
- Macrotech – EBITDA grew 16.60 pct, margin at 28.9 pct vs 26.1 pct YoY.
- Concor – Signs MoU with GAIL for LNG infra at various terminals of company.
- Senco – Enters into a master franchise agreement with August Jewellery (Melorra).
Negative Read through
- IEX – Q4 sales below analyst estimate, margin down 93 bps YoY.
- SBI Card – Credit cost remains elevated, company says 6-7 pct credit cost range remains far.
- Cyient – Sales & margin miss estimates, DET services CC sales down 1.90 pct QoQ.
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