Market Commentary
Global markets – US indices closed mixed on Friday due to rise in industrial production and drop in retail sales. Dow closed lower by 0.4 pct while Nasdaq jumped 1.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,546 | -0.4 | 4.7 |
| Nasdaq | 20,026 | 1.9 | 3.7 |
| Hang Seng | 22,726 | 0.5 | 13.3 |
| Nikkei | 39,164 | 0.0 | -1.8 |
Commodities – Gold prices increased and stood at USD 2,899 following its largest one-day dop in 2 months. On the other hand, oil prices stood at USD 74.70/bbl as potential Ukraine peace deal eases supply worries.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,899 | 0.6 |
| Silver ($) | 32.40 | 0.9 |
| Brent Crude ($) | 74.70 | 0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,611 | 50,314 |
| 100 DMA | 24,079 | 51,075 |
| 200 DMA | 24,051 | 50,910 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng rose 0.5 pct. While Nikkei trading positive by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as Gift Nifty indicates. Benchmark indices tumbled on Friday over Trump reciprocal tariffs.
Results Today – ABB
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,939 | -0.3 | -2.8 |
| Nifty | 22,929 | -0.4 | -3.0 |
| Nifty Bank | 49,099 | -0.5 | -3.5 |
| Nifty Midcap 100 | 49,654 | -2.4 | -13.2 |
| Nifty Smallcap 100 | 15,407 | -3.5 | -17.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4269 | -116,558 |
| DII | 4363 | 112,611 |
Stocks to watch
Positive Read through
- Antony Waste – EBITDA jumped 21.5 pct, margin at 21.4 pct Vs 20.3 pct YoY.
- M&M – eSUVs (XEV 9e & BE 6) receive 30,179 bookings worth Rs. 84.72 bn on day 1.
- Welspun Corp – Bags 2 pipe supply orders of Rs. 30 bn for natural gas pipeline project in the US.
- Alembic PH – US FDA classifies oral formulation unit, Vadodara as VAI, issues EIR.
- Zaggle – Bags order from Forbes Marshal for its Propel Reward platform.
- Zydus Life – US FDA issues nil observations for Ambernath unit, completes inspection.
- Narayana – EBITDA grew 33.4 pct, margin at 18.4 pct vs 12.4 pct (YoY).
- BHEL – Gets LoI for a project worth Rs. 67 bn from Singareni Collieries Company.
- Zen Tech – Q3 sales rose 53 pct YoY, integrates Vector Technics & Bhairav Robotics into portfolio.
- GSK Pharma – Margin at 30.7 pct vs 27.1 pct, EBITDA up 33.8 pct YoY.
- Dilip Buildcon – EBITDA up 33.4 pct, margin at 18.4 pct vs 12.4 pct YoY.
- BPCL – Agreement for purchase of propane & butane at Gujarat port with Equinor India.
- Godfrey Phillips – EBITDA up 57.6 pct, margin at 22.6 pct vs 18.2 pct YoY.
Negative Read through
- United Spirits – India lowers tariffs on imported American bourbon from 150 pct to 50 pct.
- Hinduja Global – EBITDA tumbled 45 pct, margin at 6 pct vs 9.6 pct YoY.
- Borosil Renewables – Losses expand, EBITDA loss vs EBITDA YoY.
- MTNL – Sales down 11.6 pct, EBITDA loss at Rs. 128.1 bn vs loss of Rs. 125.7 bn YoY.
- Glenmark Pharma – Q3 earnings improve YoY but are below estimates.
- Dish TV – EBITDA fell 32.8 pct, margin at 32.9 pct vs 38.6 pct YoY.
- Easy Trip – EBITDA declined 21.8 pct, margin at 31.7 pct vs 37.9 pct YoY.
- RVNL – EBITDA slipped 3.9 pct, sales declined 2.6 pct YoY.
- AB Fashion – Lifestyle business sales flat, sales up 3.3 pct YoY.
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