Market Commentary
Global markets – US market was closed on Monday however, US indices closed Friday in positive zone as IMF raises 2025 growth outlook of the country. Dow jumped by 0.8 pct while Nasdaq grew 1.5 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 43,487 | 0.8 | 2.2 |
| Nasdaq | 19,630 | 1.5 | 1.7 |
| Hang Seng | 20,045 | 0.6 | -0.1 |
| Nikkei | 38,951 | 0.1 | -2.4 |
Commodities – Gold prices rose and stood at USD 2,674 after Trump inauguration. On the other hand, oil prices fell in early morning but recovered and stood at USD 80.14/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,724 | 0.5 |
| Silver ($) | 30.68 | 0.7 |
| Brent Crude ($) | 80.14 | 0.5 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,930 | 51,291 |
| 100 DMA | 24,490 | 51,605 |
| 200 DMA | 23,971 | 50,805 |
Asian markets – Asian markets trading mixed in the early trade. Hang Seng rose 0.6 pct. While Nikkei trading positive by 0.1 pct on Trump tariff relief.
Indian Indices – India’s equity benchmarks are likely to open positive as Gift Nifty indicates. Benchmark Indices start week with positive gains on Monday led by rally in financials stocks.
Results Today – KEI Industries, Tata Tech
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,073 | 0.6 | -1.4 |
| Nifty | 23,344 | 0.6 | -1.3 |
| Nifty Bank | 49,350 | 1.7 | -3.0 |
| Nifty Midcap 100 | 55,106 | 0.9 | -3.7 |
| Nifty Smallcap 100 | 17,864 | 1.1 | -4.8 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4336 | -50,913 |
| DII | 4321 | 53,689 |
Stocks to watch
Positive Read through
- SBI Cards – Total December card spends grew 12 pct, total cards up 1.04 pct MoM.
- JK Cement – Income tax department quashes tax demand order worth Rs. 1.76 bn.
- Dixon Tech – Posted Q3 earnings in line with estimates, mobile business sales up 190 pct YoY.
- Waaree Energies – Receives LoA for supply of solar modules for a 180 MWp solar power project.
- Sugar Stocks – Government confirms allocation of 10 lakh tonnes export quota for 2024-25.
- Vedanta Resources – Fitch upgrades rating to B+; outlook stable.
- Venus Remedies – Successfully renews European Good Manufacturing Practices certification.
- Landmark – Receives LoI from JSW MG Motor to open new dealerships in Ahmedabad and Kolkata.
- Paytm – Company expects steady growth in merchant loans, double-digit margin soon.
- Prakash Industries – Starts mining operations at Bhaskarpara commercial coal mine.
- Oberoi Realty – Q3 EBITDA jumped 68 pct, margin at 61 pct vs 48 pct YoY.
- Sunteck Realty – Posted Q3 in profit vs loss last year, pre-sales jumped 40 pct YoY.
Negative Read through
- Zomato – Blinkit losses to continue in near term, competition impacting quick commerce margin.
- L&T Finance – Net interest margin at 6-quarter low, gross NPA at 4-quarter high.
- J&K Bank – Gross NPA ratio at 4.08 pct vs 3.95 pct, deposits up 2.2 pct QoQ.
- MCX – Growth rate slows down QoQ in Q3, net profit up 4 pct QoQ.
- AGI Greenpac – Q3 EBITDA plunges 63 pct, sales slipped 64 pct YoY.
- Cipla – US FDA issues form 483 with 1 observation for manufacturing facility of Medispray Laboratories.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
