Market Commentary
Global markets – US indices closed positive on Thursday as US treasury yield fell after Consumer inflation report. Dow closed higher by 0.8 pct while Nasdaq jumped 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,711 | 0.8 | 5.1 |
| Nasdaq | 19,945 | 1.5 | 3.3 |
| Hang Seng | 22,245 | 0.9 | 10.9 |
| Nikkei | 39,287 | -0.5 | -1.5 |
Commodities – Gold prices rose and stood at USD 2,929 on trade war rose demand. On the other hand, oil prices fell and stood at USD 75.19/bbl as Trump delays reciprocal tariff.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,929 | 0.1 |
| Silver ($) | 32.50 | 0.5 |
| Brent Crude ($) | 75.19 | 0.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,680 | 50,489 |
| 100 DMA | 24,139 | 51,172 |
| 200 DMA | 24,048 | 50,911 |
Asian markets – Asian markets trading positive with cautious note amid tariff war. Hang Seng rose 0.9 pct. While Nikkei trading positive by 1.3 pct.
Indian Indices – India’s equity benchmarks are likely to open positive as Gift Nifty indicates. Benchmark closed slightly lower on Thursday as Investors await for Modi-Trump talks.
Results Today – RVNL, AWHCL
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,138 | -0.0 | -2.6 |
| Nifty | 23,031 | -0.1 | -2.6 |
| Nifty Bank | 49,359 | -0.2 | -3.0 |
| Nifty Midcap 100 | 50,881 | 0.2 | -11.0 |
| Nifty Smallcap 100 | 15,973 | -0.4 | -14.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2789 | -112,263 |
| DII | 2934 | 108,247 |
Stocks to watch
Positive Read through
- Hindalco – Q3 largely in-line with estimates, margin expanded 152 bps YoY.
- Kalpataru Projects – EBITDA rose 13 pct, sales grew 17 pct YoY.
- RBL Bank – Re-appoints R Subramaniakumar as MD & CEO of the bank for 3 years.
- Premier Energies – Bags orders worth Rs. 12.34 bn for supply of solar modules.
- Godfrey Phillips – EBITDA jumped 57.6 pct, margin at 22.6 pct vs 18.2 pct YoY.
- Allcargo Logistics – EBITDA rose 23.8 pct, sales increased by 28 pct YoY.
- KNR Construction – EBITDA grew 13.1 pct, margin at 30.1 pct vs 22.7 pct YoY.
- Aurobindo PH – Gets board approval to raise Rs. 85 bn via QIP or other modes.
- Texmaco Rail – Supply & services agreement with Trinity Rail Group, US.
- Afcons – Profit jumped 35.6 pct, sales rose 3 pct YoY.
Negative Read through
- Titagarh Rail – EBITDA down 9.6 pct, sales declines 5.5 pct YoY.
- Manappuram – Gold tonnage lowest in 32 quarters or more, MFI business AUM down 14.5 pct YoY.
- Deepak Nitrite – Q3 misses estimates across the board, margin down 630 bps YoY.
- ITC Hotels – BAT to sell its stake in the company, will be looking to divest their stake by 2026.
- Senco Gold – EBITDA fell 56 pct, margin at 3.80 pct vs 11 pct YoY.
- United Breweries – Q3 misses street estimates, margin at 7.1 pct vs 8 pct YoY.
- Gujarat Pipavav – EBITDA down 12.9 pct, margin at 52.8 pct vs 59.1 pct YoY.
- HCC – Posted Loss against profit, sales down 31.7 pct YoY.
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