Market Commentary
Global markets – US indices tumbled on Thursday over US-China rising tariff war. Dow Jones fell by 2.5 pct. While Nasdaq slipped by 4.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 39,593 | -2.5 | -6.9 |
| Nasdaq | 16,387 | -4.3 | -15.1 |
| Hang Seng | 20,570 | -0.5 | 2.5 |
| Nikkei | 33,148 | -4.2 | -16.9 |
Commodities – Gold prices rose and stood at USD 3,217 over tariff uncertainties. On the other hand, oil prices stood at USD 63.14/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,217 | 1.3 |
| Silver ($) | 31.25 | 0.1 |
| Brent Crude ($) | 63.14 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,960 | 49,607 |
| 100 DMA | 23,399 | 50,306 |
| 200 DMA | 24,059 | 51,015 |
Asian markets – Asian markets trading Negative in early morning trade, largely tracking global peers. Hang Seng fell by 0.5 pct. While Nikkei trading negative by 4.2 pct.
Indian Indices – India’s equity benchmarks are likely to open gap up as Gift Nifty indicates. Benchmark indices closed lower on Wednesday over global trade uncertainties and lower GDP forecast.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,847 | -0.5 | -5.5 |
| Nifty | 22,399 | -0.6 | -5.3 |
| Nifty Bank | 50,240 | -0.5 | -1.2 |
| Nifty Midcap 100 | 49,582 | -0.5 | -13.3 |
| Nifty Smallcap 100 | 15,256 | -0.9 | -18.7 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4358 | -176,472 |
| DII | 2976 | 212,859 |
Stocks to watch
Positive Read through
- SRF – Final part of agrochem capex at Dahej completed at outlay of Rs. 2.39 bn.
- Sun Pharma – US court lifts injunction on launch of alopecia areata drug.
- Tata Steel – Transformation programme for Netherlands business, EURO 500 mn savings fromH2FY26.
- Greaves Cotton – Partners Chara Tech for rare-earth-free motor technology.
- Cyient DLM – Expands relationship with Deutsche Aircraft for cabin management system.
- BHEL – MoU with Nuovo Pignone International for compressor revamp opportunities.
- Infosys – Signs strategic collaboration with AIB for digital transformation.
- Hind Copper – Ore production at Kolihan copper mine in Rajasthan resumes.
- Aurobindo Pharma – Positive phase 1 results for denosumab biosimilar.
- Biocon – US FDA nod for Jobevne, an oncology biosimilar with USD 2 bn market in US.
- Adani Energy – Added 140 ckm in Q4, distribution business total units sold rose 8 pct.
- SAMIL – Initiates cost optimisation measures in Central and Western Europe.
- Olectra Green – LoA for 297 eBuses from Himachal government, order value at Rs. 4.24 bn.
- NBCC – Sold 1,185 apartments in a Greater Noida project for Rs. 15.05 bn.
Negative Read through
- Ola Electric – Road Ministry is not convinced by the company’s reply regarding February sales.
- TCS – Posted subdued quarter, slightly lower than estimates, margin slips 30 bps QoQ.
- Indus Towers – Bharti Hexa halts tower sale to company as shareholder TCIL, a PSU company, had opposed.
- Anand Rathi – FY25 falls short of guidance, Q4 sales declined 6 pct QoQ.
- Gold Financiers – RBI releases draft rules on gold loans, LTV ratio capped at 75 pct.
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