Market Commentary
Global markets – US indices rose on Monday as latest tariff updates uplifted investors sentiments. Dow Jones rose by 0.8 pct. While Nasdaq closed higher by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,524 | 0.8 | -4.7 |
| Nasdaq | 16,831 | 0.6 | -12.8 |
| Hang Seng | 21,403 | -0.1 | 6.7 |
| Nikkei | 34,284 | 0.9 | -14.1 |
Commodities – Gold prices rose and stood at USD 3,225 over tariff uncertainties, that boosted demand for safe haven commodity. On the other hand, oil prices stood at USD 64.86/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,225 | 0.4 |
| Silver ($) | 32.19 | -0.5 |
| Brent Crude ($) | 64.86 | 0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,958 | 49,649 |
| 100 DMA | 23,392 | 50,314 |
| 200 DMA | 24,055 | 51,011 |
Asian markets – Asian markets trading mixed in early morning trade, Hang Seng fell by 0.1 pct. While Nikkei trading higher by 0.9 pct as US delays some Tariffs.
Indian Indices – India’s equity benchmarks are likely to open gap up as Gift Nifty indicates. Benchmark indices rebounded on Friday over 90-day tariff pause, sparking a strong recovery across sectors.
Result Today – IREDA
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,157 | 1.8 | -3.8 |
| Nifty | 22,828 | 1.9 | -3.5 |
| Nifty Bank | 51,002 | 1.5 | 0.3 |
| Nifty Midcap 100 | 50,501 | 1.9 | -11.7 |
| Nifty Smallcap 100 | 15,696 | 2.9 | -16.4 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2519 | -178,991 |
| DII | 3759 | 216,618 |
Stocks to watch
Positive Read through
- Aurobindo Pharma – Final US FDA nod for rivaroxaban tablets, US market size USD 8.5 bn.
- GMR Power – To divest stake in arms to Synergy for Rs. 6.53 bn to conclude OTS with lenders.
- Zydus Life – Final approval from USFDA for Jaythari (deflazacort) tablets.
- Tata Power – Signs PPA with NTPC to develop 200 MW firm & dispatchable RE project.
- HDFC Bank – Lowers interest rate on savings deposits by 25 bps, NIM to be positively impacted.
- Ashoka Buildcon – Declared lowest bidder for a project worth Rs. 5.69 bn by Central Railway.
- Cyient – Bags contract from GreenH & Luxcara for hydrogen project in Norway.
- NCL Ind – Q4 cement production up 8 pct, sales rose 7 pct YoY.
- Havells – Approves a strategic minority investment of Rs. 6 bn in Goldi Solar.
- Samil/Sona BLW – Trump considering modifying 25 pct auto tariffs for Mexico & Canada imports.
- Symphony – To divest Australia, Mexico arms to focus on higher return markets of India, US.
- Ahluwalia Contracts – Bags order worth Rs. 3.96 bn from Godrej Properties.
- Transrail Lighting – Bags orders worth Rs. 10.85 bn in the domestic market.
- Macrotech – Lodha Brothers settle trademark infringement dispute.
Negative Read through
- Sula – Q4 own brands sales fell 2.9 pct, total sales up 0.7 pct YoY.
- Vedanta – SPCB, Odisha imposes Rs. 710 mn penalty for violation of fly ash disposal norms.
- Orient Cement – Q4 sales down 7 pct, volumes declined 3 pct YoY.
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