Market Commentary
Global markets – US indices ended red on Friday as White House says Trump to implement tariffs. Dow slipped by 0.8 pct while Nasdaq ended lower by 0.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,544 | -0.8 | 4.7 |
| Nasdaq | 19,627 | -0.3 | 1.6 |
| Hang Seng | 20,225 | 0.1 | 0.8 |
| Nikkei | 39,572 | 0.1 | -0.8 |
Commodities – Gold prices rose and closed at USD 2,797 as Dollar rises. On the other hand, oil prices rose and stood at USD 76.40/bbl as Trump promises 25 pct Levies on Imports from Canada and Mexico.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,797 | 0.1 |
| Silver ($) | 31.29 | -1.0 |
| Brent Crude ($) | 76.40 | 0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,818 | 50,914 |
| 100 DMA | 24,311 | 51,385 |
| 200 DMA | 23,998 | 50,830 |
Asian markets – Asian market remained closed. While Nikkei closed higher by 0.1 pct on retail sales gain.
Indian Indices – India’s equity benchmarks are likely to open Gap up as Gift Nifty indicates. Benchmark Indices closed higher on Friday as investor hoping positive outcomes from India budget 2025-2026 and auto numbers.
Results Today – Anant Raj
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,500 | 1.0 | -0.8 |
| Nifty | 23,508 | 1.1 | -0.6 |
| Nifty Bank | 49,587 | 0.6 | -2.0 |
| Nifty Midcap 100 | 53,712 | 1.9 | -6.8 |
| Nifty Smallcap 100 | 16,910 | 2.1 | -9.8 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1188 | -87,375 |
| DII | 2232 | 86,592 |
Stocks to watch
Positive Read through
- IndusInd Bank – Slippages lower than estimates, provision pool increased.
- Sun Pharma – Branded markets growth outpace expectations.
- Talbros Engg – EBITDA grew 11.4 pct, margin expanded 60 bps YoY.
- Sheela Foam – EBITDA up 15.4 pct, margin up 40 bps YoY.
- ONGC – Operating earnings beat estimates, led by increased production.
- Inox Wind – Margin at 22.7 pct vs 18.4 pct, sales jumped 81 pct YoY.
- MedPlus – EBITDA rose 45 pct, margin up 220 bps YoY.
- Triveni Turbine – EBITDA up 30.4 pct, margin expands 230 bps YoY.
- Godrej Agro – EBITDA up 38.4 pct, margin expanded 220 bps YoY.
Negative Read through
- Equitas SFB – Slippages remain elevated, NIM declines 30 bps QoQ.
- Hero MotoCorp – Niranjan Gupta to step down as CEO w.e.f April 30.
- Vishal Mega Mart – Growth slower than historic 24-26 pct band, demand subdued.
- Bandhan Bank – Slippages increase to Rs. 16.20 bn, NIM at an 8-quarter low.
- Aster DM – Q3 misses estimates, single-digit sales growth for the first time since March 2024.
- Poonawalla Fin – Credit cost remains elevated, sharp rise in net NPA.
- Five Star Fin – Asset quality deteriorates, NIM down 57 bps QoQ.
- IRB Infra – Q3 missed street estimates, sales rose 2.9 pct YoY.
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