Market Commentary
Global markets – US indices tumbled on Thursday over disappointed Walmart forecast and more tariff announcement. Dow closed lower by 1 pct while Nasdaq slipped by 0.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,176 | -1.0 | 3.8 |
| Nasdaq | 19,962 | -0.5 | 3.4 |
| Hang Seng | 23,193 | 2.7 | 15.6 |
| Nikkei | 38,719 | -0.1 | -2.9 |
Commodities – Gold prices increased and stood at USD 2,9435 over Trump’s tariff plan. On the other hand, oil prices stood at USD 76.38/bbl on strong US demand hopes.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,935 | -0.1 |
| Silver ($) | 32.93 | -0.1 |
| Brent Crude ($) | 76.38 | -0.3 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,478 | 49,988 |
| 100 DMA | 23,955 | 50,895 |
| 200 DMA | 24,063 | 50,925 |
Asian markets – Asian markets trading higher in early morning trade due to possible trade deal with China. Hang Seng rose 2.7 pct. While Nikkei trading lower by 0.1 pct.
Indian Indices – India’s equity benchmarks are likely to open flat to negative as Gift Nifty indicates. Benchmark indices ended red on Thursday, dragged by Financials and IT.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,735 | -0.3 | -3.5 |
| Nifty | 22,913 | -0.1 | -3.1 |
| Nifty Bank | 49,334 | -0.5 | -3.0 |
| Nifty Midcap 100 | 51,163 | 1.3 | -10.6 |
| Nifty Smallcap 100 | 15,747 | 1.4 | -16.1 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3311 | -120,902 |
| DII | 3907 | 126,308 |
Stocks to watch
Positive Read through
- NTPC Green – Inks MoU with Bharat Light & Power for pacing green energy objectives.
- HG Infra – Completes sale of Rewari Bypass for Rs. 1.33 bn.
- Religare Ent – Burman Group acquires control of company, becomes designated promoters.
- Century Ply – Incorporates arm for making fittings and fixtures for furniture.
- Ceigall – Achieves financial closure for 2 HAM projects in UP worth Rs. 25 bn.
- RVNL – JV with HFCL & Aerial Telecom signs project implementation agency agreement with BSNL.
- JM Financial – To get tax refund worth Rs. 2.30 bn for assessment year 2008-09.
- ITI – Receives Rs. 1 bn of the total Rs. 2 bn from the sale of land to C-Dot.
- Sai Life – Capital Group buys 1.05 mn shares via block deals.
- Lemon Tree – Arm wins Rs. 114 mn arbitral award in case against Hind Motors.
- Crompton Greaves – Launched TechWithHeart initiative, showcasing new energy-efficient and smart product lines.
- ACE – Secures Rs. 4.20 bn contract from Ministry of Defence.
- Cipla – Received USFDA approval for Nilotinib Capsules.
- ONGC – Eyes 60 pct output boost at Mumbai High via BP tie-up.
Negative Read through
- CIE Automotive – Q4CY24 EBITDA fell 8.6 pct, margin at 14.2 pct vs 14.6 pct (YoY).
- Sanofi Consumer – EBITDA tumbled 30.4 pct, margin at 36.5 pct vs 40 pct (YoY).
- Delta Corp – To sell 51 pct of Deltatech Gaming (Adda52) to Head Digital (A23 Rummy) for Rs. 4.91 bn.
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