Market Commentary
Global markets – The US indices tumbled on Friday due to uptick in treasury yield and stronger than expected Jobs data. Dow slipped by 1.6 pct while Nasdaq slid 1.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,938 | -1.6 | -1.4 |
| Nasdaq | 19,161 | -1.6 | -0.8 |
| Hang Seng | 18,829 | -1.2 | -6.1 |
| Nikkei | 39,190 | -1.0 | -1.8 |
Commodities – Gold trading at USD 2,686 amid incoming US administration. On the other hand, oil prices rose after US imposed sanctions on Russia’s oil.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,686 | -0.1 |
| Silver ($) | 30.23 | -0.4 |
| Brent Crude ($) | 80.93 | 2.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,054 | 51,653 |
| 100 DMA | 24,588 | 51,738 |
| 200 DMA | 23,940 | 50,750 |
Asian markets – Asian markets opened lower with downside pressure in early trade. Hang Seng fell 1.2 pct While Nikkei closed lower by 1.0.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark Indices extended their losses on Friday led by weak Q3FY25 earning expectations and continued FII outflow.
Results Today – HCL Tech, Angel One.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,378 | -0.3 | -1.0 |
| Nifty | 23,431 | -0.6 | -0.9 |
| Nifty Bank | 48,734 | -1.6 | -4.2 |
| Nifty Midcap 100 | 54,585 | -2.1 | -4.6 |
| Nifty Smallcap 100 | 17,645 | -2.6 | -6.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -7170 | -19,103 |
| DII | 7639 | 20,254 |
Stocks to watch
Positive Read through
- SBI Life – December premium growth of 15 pct, total APE grew 16 pct YoY.
- PCBL – Q3 sales jumped 21 pct, EBITDA rose 14 pct YoY.
- Waaree Energies – To acquire Enel Green Power’s India business for Rs. 7.92 bn.
- Escorts Kubota – In process to launch new series of products in its agriculture machinery segments.
- GR Infra – Rs. 21.87 bn Vadodara Road project is ready for commercialisation.
- Sunteck – Q3 pre-sales jumped 21.2 pct, collections rose 26 pct QoQ.
- Oberoi Realty – Appointed developer for MHADA land with 3.2 lakh sq. ft. free sale potential.
- Ugro Cap – Q3 AUM and gross loan origination grew nearly 32 pct YoY each.
- Signature Global – To buy 16.12 acres of land parcel in Gurugram with 2.73 msf development potential.
- Interarch – Bags orders of Rs. 2.21 bn in semiconductor and Li-ion battery sectors from Tata Projects.
- Equinox – Q3 net profit against loss; EBITDA at Rs. 290 mn versus EBITDA loss of Rs. 330 mn YoY.
- HEG – Arm signs non-binding MoU with Sri Lanka-based CGT for graphene technology.
- ONGC/OIL – Crude surges 2 pct, Brent above USD 81/bbl on US sanctions on Russian oil.
- NLC India – Renewables arm inks 51:49 JV with Assam DISCOM for 1,000 MW solar power projects.
Negative Read through
- D-Mart – Q3 margin compresses 70 bps YoY, MD & CEO to step down w.e.f. February 1, 2026.
- Ola Electric – Central Consumer Protection Authority requests further information.
- LIC – December premium down 41 pct, total APE declined 27 pct YoY.
- Adani Wilmar – Promoter Adani Commodities to exercise oversubscription option in OFS.
- Grasim – Karwar plant operations suspended following minor incident.
- HDFC Life – December premium down 5 pct, total APE up 8 pct YoY.
- HT Media – MD & CEO Praveen Someshwar resigns w.e.f. February 28, 2025.
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