Market Commentary
Global markets – US indices closed slightly positive on Wednesday as investors digested Fed minutes. Dow closed in green by 0.2 pct while Nasdaq closed higher by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,627 | 0.2 | 4.9 |
| Nasdaq | 20,056 | 0.1 | 3.9 |
| Hang Seng | 22,524 | -1.8 | 12.3 |
| Nikkei | 38,759 | -1.0 | -2.8 |
Commodities – Gold prices increased and stood at USD 2,942 as demand for safe haven asset rises. On the other hand, oil prices stood at USD 75.74/bbl after US crude inventory rise.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,942 | 0.3 |
| Silver ($) | 32.79 | 0.3 |
| Brent Crude ($) | 75.79 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,510 | 50,065 |
| 100 DMA | 23,984 | 50,931 |
| 200 DMA | 24,059 | 50,919 |
Asian markets – Asian markets trading in the negative territory in early morning trade. Hang Seng fell 1.8 pct. While Nikkei trading in red by 1.0 pct on stronger Yen.
Indian Indices – India’s equity benchmarks are likely to open flat to negative as Gift Nifty indicates. Benchmark indices closed flat on Wednesday amid renewed US tariff concerns.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,393 | -0.8 | -3.5 |
| Nifty | 22,932 | -0.1 | -3.0 |
| Nifty Bank | 49,570 | 1.0 | -2.5 |
| Nifty Midcap 100 | 50,527 | 1.6 | -11.7 |
| Nifty Smallcap 100 | 15,525 | 2.4 | -17.3 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1881 | -117,591 |
| DII | 1957 | 122,401 |
Stocks to watch
Positive Read through
- Waaree Energies – Gets supply order of 362.5 MWp solar modules.
- Bharti Forge – Arm signs LoI with AM General, USA, for supply of artillery cannons to the US.
- HFCL – First company to sign an agreement with BSNL as project implementation agency for BharatNet project.
- Arkade Developers – To develop housing project worth Rs. 7.40 bn in Malad West.
- Ireda/Tata Tech – To be included in the F&O segment from March series.
- Indiabulls Ent – Sells Rs. 10 bn worth of Gurugram project units in 30 days of launch.
- India Glycols – Bags Rs. 12.64 bn order to supply 18.06 crore litres ethanol to OMCs.
- Rites – Signs MoU with CWPRS to collaborate on marine infra consultancy.
- Unichem Lab – ICRA upgrades rating to A+ from A, assigned to Rs. 1.8 bn bank facilities of company.
- Cyient – Appoints Sukamal Banerjee as CEO & ED of Cyient DET.
- Happiest Minds – Unveils generative AI solution to reshape research across industries.
- JBM Auto – Arm won order for 1,021 electric buses worth Rs. 55 bn.
- ONGC – Plans foray into ethane carrier business, seeks partner.
- NFL- Announced JV for a new Ammonia-Urea Complex Namrup IV Fertilizer Plant in Assam.
Negative Read through
- Orchid PH – US FDA issues seven observations for API manufacturing unit in Alathur, Tamil Nadu.
- Maruti, M&M, Hyundai – SIAM says bracing for 1-2% growth in PV sales in FY26.
- Lemon Tree – Terminates hotel operations & license agreement for Red Fox Hotel in Neelkanth, Uttarakhand.
- Aurobindo – US FDA issues 5 observations for US arm’s warehouses in New Jersey, classifies as OAI.
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