Market Commentary
Global markets – US indices closed negative on Tuesday as earnings session kicks off. Dow Jones down by 0.4 pct. While Nasdaq closed flat.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,368 | -0.4 | -5.1 |
| Nasdaq | 16,823 | -0.0 | -12.9 |
| Hang Seng | 21,015 | -2.1 | 4.8 |
| Nikkei | 34,016 | -0.7 | -14.7 |
Commodities – Gold prices rose and stood at USD 3,272, making all time high amid uncertain situations. On the other hand, oil prices stood at USD 64.47/bbl as IEA cuts demand forecast.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,272 | 1.3 |
| Silver ($) | 32.30 | -0.0 |
| Brent Crude ($) | 64.47 | -0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,961 | 49,714 |
| 100 DMA | 23,391 | 50,335 |
| 200 DMA | 24,053 | 51,010 |
Asian markets – Asian markets trading in the red early morning trade, following global peers Hang Seng fell by 2.1 pct. While Nikkei trading lower by 0.7 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as Gift Nifty indicates. Benchmark indices extended their gains on Tuesday over additional tariff exemptions by Mr. Trump.
Result Today – Wipro
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,734 | 2.1 | -1.8 |
| Nifty | 23,328 | 2.2 | -1.3 |
| Nifty Bank | 52,379 | 2.7 | 3.0 |
| Nifty Midcap 100 | 51,974 | 2.9 | -9.1 |
| Nifty Smallcap 100 | 16,179 | 3.1 | -13.8 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1951 | -179,925 |
| DII | 6065 | 214,667 |
Stocks to watch
Positive Read through
- IREDA – To divest stake in arm Synergy for Rs. 6.53 bn to conclude OTS with lenders.
- Tata Motors – Government to launch tender for procurement of 10,000 eBuses, as per reports.
- ICICI Lombard – Posted health set of numbers, net earned premium rose 20 pct YoY.
- PB Fintech – Arm PB Pay gets in-principle nod from RBI to operate as payment aggregator.
- ICICI Prudential – Reported mixed earnings, APE missed while VNB is higher than estimates.
- IRB Infra – Government mulls relief for toll payers, may introduce 2 new toll collection methods.
- Aditya Birla Real Estate – FY25 booking value at Rs 80 bn, more than doubles YoY.
- FMCG/Agri/2W stocks – IMD predicts above-normal monsoon this year.
- BEL – May secure a major deal from the Indian Air Force, which will include the low-level lightweight radar MK-2.
- Blue Dart – Announced the expansion of its network with Guwahati as a direct flying location.
- Allcargo Terminals – Reported CFS volumes of 51.2k TEUs in Mar 2025, a 5 pct increase from Feb 2025.
- Hindustan Composites – Acuite Ratings & Research has upgraded the credit ratings.
Negative Read through
- Gensol Engg – SEBI to appoint forensic auditor, bars promoter from dealing in securities.
- IndusInd Bank – Discrepancy impact almost in-line, may see 3 Senior level exits including CEO.
- Landmark Cars – Q4 sales fell 9 pct, Vehicle sales declined by 9 pct QoQ.
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