Market Commentary
Global markets – US indices closed higher on Thursday as Trump Signals Japan Trade Deal. Dow Jones closed flat. While Nasdaq closed positive by 1.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,113 | 0.0 | -5.7 |
| Nasdaq | 17,382 | 1.3 | -10.0 |
| Hang Seng | 21,918 | -0.3 | 9.3 |
| Nikkei | 35,887 | 0.5 | -10.0 |
Commodities – Gold prices fell and stood at USD 3,284 over easing US – China tension, On the other hand, oil prices stood at USD 65.66/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,284 | -1.0 |
| Silver ($) | 32.78 | -0.9 |
| Brent Crude ($) | 65.66 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,031 | 50,413 |
| 100 DMA | 23,398 | 50,562 |
| 200 DMA | 24,050 | 51,083 |
Asian markets – Asian markets trading mixed in the early morning trade while consolidation has seen on lack of fresh cues Hang Seng trading red by 0.3 pct. While Nikkei trading positive by 0.5 pct.
Indian Indices – India’s equity benchmarks are likely to open positive as GIFT Nifty indicates. Benchmark indices tumbled on Friday led by broad based selling due to geopolitical developments.
Result Today – Ultratech, TVS Motors, KPIT Tech, Hexaware Technologies.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 79,212 | -0.7 | 1.4 |
| Nifty | 24,039 | -0.9 | 1.7 |
| Nifty Bank | 54,664 | -1.0 | 7.5 |
| Nifty Midcap 100 | 53,570 | -2.5 | -6.3 |
| Nifty Smallcap 100 | 16,547 | -2.5 | -11.8 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2952 | -146,524 |
| DII | 3539 | 211,278 |
Stocks to watch
Positive Read through
- M&M – To acquire nearly 59 pct stake in SML Isuzu for Rs. 5.55 bn at Rs. 650/share.
- Reliance Ind – Posted Healthy Q4 earnings, 1st Indian company to have ~Rs. 10 trillion net worth.
- Voda Idea – Nokia sells stake, Goldman Sachs buyer in Friday’s block deal.
- Indus Towers – Board meeting on April 30, 2025 to consider & approve dividend/bonus/buyback.
- Aurobindo – Arm gets positive opinion from EU CHMP for Dazublys, a trastuzumab biosimilar.
- Amber, Optiemus – China’s Lianchuang Electronics eyes India’s components policy, in talks with Amber, Optiemus.
- Zensar Tech – CC sales growth at 0.9 pct vs estimate of 0.5 pct, margin up 10 bps QoQ.
- Biocon – Arm gets EU CHMP positive opinion recommendation approval for bone health drug Denosumab.
- DCB Bank – GNPA ratio at lowest in 17-quarters, NII up 9.95 pct YoY.
- India Cements – EBITDA loss narrows, debt declined to Rs. 10.50 bn.
- Poonawalla Fin – Q4 AUM jumped 42.50 pct, NII rose 11.60 pct YoY.
- MRPL – EBITDA up 9.50 pct, margin at 4.60 pct vs 4.72 pct QoQ.
- IGL – Reported Healthy Q4, volumes largely in-line with estimate, flat QoQ.
- SBFC Fin – NII grew 24.90 pct, NIM at 10.52 pct vs 9.09 pct YoY.
Negative Read through
- Gensol Engineering: IREDA Files EOW complaint against Gensol.
- Tejas Network – Posted loss of Rs. 620 mn vs profit of Rs. 1500 mn.
- NDTV – Posted loss Rs. 619 mn vs 86 mn, sales came at Rs. 1270 mn vs Rs. 1065 mn YoY.
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