Market Commentary
Global markets – US indices closed negative on Thursday as sell off in United Health group dragged US indices lower. Dow Jones fell by 1.3 pct. While Nasdaq closed red by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 39,142 | -1.3 | -8.0 |
| Nasdaq | 16,286 | -0.1 | -15.7 |
| Hang Seng | 21,395 | 1.6 | 6.7 |
| Nikkei | 34,300 | -1.2 | -14.0 |
Commodities – Gold prices rose and stood at USD 3,383, over trade war and weaker dollar. On the other hand, oil prices stood at USD 66.73/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,383 | 1.7 |
| Silver ($) | 32.71 | 0.5 |
| Brent Crude ($) | 66.73 | -1.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,964 | 49,789 |
| 100 DMA | 23,390 | 50,359 |
| 200 DMA | 24,051 | 51,011 |
Asian markets – Asian markets trading mixed in the early morning trade, Hang Seng closed green by 1.6 pct. While Nikkei trading lower by 1.2 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as Gift Nifty indicates. Benchmark indices rallied 4th straight sessions led by strong gains in banking stocks and hopes of favourable trade negotiations between India and the US.
Result Today – Anant Raj, IGIL
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,553 | 2.0 | 0.5 |
| Nifty | 23,851 | 1.8 | 0.9 |
| Nifty Bank | 54,290 | 2.2 | 6.7 |
| Nifty Midcap 100 | 52,657 | 0.6 | -7.9 |
| Nifty Smallcap 100 | 16,410 | 0.4 | -12.6 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 4667 | -164,320 |
| DII | -2006 | 210,148 |
Stocks to watch
Positive Read through
- ICICI Bank – Posted Q4 above estimates, asset quality improves QoQ.
- Zydus Life – Global licensing pact to commercialise TAVI tech with Brazil’s Braile Biomedical.
- HDFC Bank – Reported Q4 above estimates, NIM on total assets at 7-quarter high of 3.54 pct.
- Divi’s Labs – Inks drug supply agreement, to invest Rs. 6.50 –7 bn on capex.
- ITC – To acquire 24 Mantra Organic for Rs. 4.73 bn and balance stake in Mother Sparsh for Rs. 810 mn.
- Jio Financial – Q4 net profit rose 2 pct, revenue rose 18 pct YoY.
- Vedanta – Odisha HC stays Rs. 710 mn environmental demand.
- HDFC Life – Q4 largely in-line with estimates, VNB margin expanded 40 bps YoY.
- Mastek – Q4 sales above estimates, CC sales growth at 2.9 pct QoQ.
- BHEL – FY25 sales grew 19 pct YoY, order inflows at Rs. 925.34 bn in FY25.
- Jubilant Food – Company’s says chairman cleared of all allegations, closure report accepted by court.
- Infosys – Q4 in-line with estimates, FY26 CC revenue guidance at 0–3 pct vs estimate of 1–4 pct.
- Shree Cement – Commissions new 3.4 MTPA clinker grinding unit in Chhattisgarh.
- Adani Ports – Non-cash deal for Australian port asset, analysts see positive impact on earnings.
Negative Read through
- Tata Elxsi – CC sales declined by 5.3 pct, margin at 23 pct vs 26.3 pct QoQ.
- Salasar Tech – ED search at residences of CMD & Joint MD of Company.
- Eternal – Board approves capping foreign shareholding to 49.5 pct.
- Oberoi Realty – Q4 bookings declined 52 pct, FY25 bookings value grew 31 pct YoY.
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