Market Commentary
Global markets – US indices closed lower on Thursday after unemployment insurance data. Dow closed flat. while Nasdaq fell by 0.3 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 41,953 | 0.0 | -1.4 |
| Nasdaq | 17,691 | -0.3 | -8.4 |
| Hang Seng | 23,813 | -1.7 | 18.7 |
| Nikkei | 37,890 | 0.4 | -5.0 |
Commodities – Gold prices rose and stood at USD 3,031 amid global uncertainties. On the other hand, oil prices stood at USD 72.19/bbl after US imposed sanction on Iran.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,031 | -0.4 |
| Silver ($) | 33.19 | -1.11 |
| Brent Crude ($) | 72.21 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 22,972 | 48,988 |
| 100 DMA | 23,531 | 50,373 |
| 200 DMA | 24,061 | 50,942 |
Asian markets – Asian markets trading mixed in the early morning trade over US economic uncertainty. Hang Seng slipped by 1.7 pct. While Nikkei trading positive by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as Gift Nifty indicates. Benchmark indices closed positive 4 straight sessions mirroring Wallstreet gains after the US Federal Reserve held interest rates steady and guided 50 bps rate cuts in 2025.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,348 | 1.2 | -2.3 |
| Nifty | 23,190 | 1.2 | -1.9 |
| Nifty Bank | 50,062 | 0.7 | -1.6 |
| Nifty Midcap 100 | 51,144 | 0.6 | -10.6 |
| Nifty Smallcap 100 | 15,858 | 0.7 | -15.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 3219 | -169,245 |
| DII | -3136 | 185,435 |
Stocks to watch
Positive Read through
- BEL/BDL – DAC clears capital acquisition proposals of over Rs 540 bn to enhance defence capabilities.
- HCC – Company’s JV with TPL JV wins Rs. 24.70 bn order from Tata Power.
- Bajaj Finance – Elevates Rajeev Jain to vice chairman; Anup Saha named MD.
- Manappuram Finance – To Issues Shares of Rs. 43.85 bn At Rs. 236/Sh to Bain Cap.
- Asian Paints – In share purchase pact with Berger Paints; divestment of Indonesia operations.
- RailTel – Secures Rs. 168 mn order from Defence Ministry.
- Power Stocks – India’s peak power demand to rise 34 pct by 2031-32.
- Sirca Paints – Acquires Wembley Group’s business for Rs. 815 mn.
- Ajanta Pharma – Expanding its Pithampur site with a new liquid formulation facility.
- HeroMoto – Board approves strategic investment of Rs. 5.25 bn in Euler Motors for 32.5 pct stake.
- Ceat – Management aims to become India’s largest car tyre maker by the end of this decade.
- Signature global – Acquires 8.39 acres of land in Gurugram.
- CG Power – Forays into air coolers space with launch of JetChill tech.
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