Market Commentary
Global markets – US indices closed Tuesday green on the expectations of US trade policy. Dow jumped by 1.2 pct while Nasdaq closed positive by 0.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,025 | 1.2 | 3.5 |
| Nasdaq | 19,756 | 0.6 | 2.3 |
| Hang Seng | 19,892 | -1.1 | -0.8 |
| Nikkei | 39,604 | 1.5 | -0.7 |
Commodities – Gold prices rose and stood at USD 2,748 on softer dollar and tariff uncertainty. On the other hand, oil prices fell in and stood at USD 79.30/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,748 | 0.2 |
| Silver ($) | 30.81 | 0.1 |
| Brent Crude ($) | 79.30 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,907 | 51,225 |
| 100 DMA | 24,470 | 51,580 |
| 200 DMA | 23,974 | 50,810 |
Asian markets – Asian markets opened with mixed note amid the uncertainties over Trump policies. Hang Seng plunges 1.1 pct. While Nikkei jumped by 1.5 pct as tech shares gain.
Indian Indices – India’s equity benchmarks are likely to see muted start as Gift Nifty indicates. Benchmark Indices sees sharp sell off on Tuesday as investors concern over potential economic impacts of Trump’s policy measures.
Results Today – HDFC Bank, HUL, Polycab, Persistent, Gravita
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 75,838 | -1.6 | -2.9 |
| Nifty | 23,024 | -1.4 | -2.6 |
| Nifty Bank | 48,570 | -1.6 | -4.5 |
| Nifty Midcap 100 | 53,834 | -2.3 | -5.9 |
| Nifty Smallcap 100 | 17,456 | -2.3 | -7.0 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5920 | -56,833 |
| DII | 3500 | 57,189 |
Stocks to watch
Positive Read through
- Jio Financial – Aggregate investment of Rs. 1.17 bn with BlackRock in AMC joint venture.
- JK Tyre – Gets USD 100 mn sustainability-linked loan from International Finance Corporation.
- Indiabulls Enterprises – Inks MoU with landowners in Punjab for Rs. 35 bn realty development.
- PNB Housing – Q3 NIM at 4-quarter high, gross NPA ratio at 1.19 pct vs 1.27 pct QoQ.
- KEI Industries – Q3 sales grew 20 pct, profit rose 10 pct YoY.
- Carborundum Universal – Wendt GmbH to divest its entire stake in JV company Wendt India.
- Jana Small Finance Bank – Management says, Worst is behind us Q3 AUM increased by 18.5 pct YoY.
- Neuland Labs – To expand peptide capacity in Telangana from 0.5 KL to 6.37 KL for Rs. 2.54 bn.
- RailTel – Bags Rs. 468 bn order from North Western Railway.
- Tech Mahindra – CEO says 2026 could be a year of explosive growth.
- Neuland Labs – Announces Rs. 3.42 bn investment to hike capacity in Telangana units.
- Supreme Power – Secured Rs 213 mn order from a Chennai-based electric company for distribution transformers.
Negative Read through
- Cyient DLM – Margin slipped 290 basis points, profit declined 40 pct YoY.
- ICICI Prudential – Posted Q3 below estimates, VNB margin at 21.2 pct vs 22.9 pct YoY.
- India Cements – Q3 sales down 15 pct, EBITDA loss vs EBITDA YoY.
- Tanla Platforms – Margin at 16.3 pct vs 17.5 pct, sales flat QoQ.
- Shilpa Medicare – BSE rejects reclassification of promoters’ holding to public category.
- Tata Tech – Q3 margin came at 17.8 pct vs 18.2 pct, dollar sales up 0.7 pct QoQ.
- Dalmia Bharat – Reported Q3 below estimates, sales volumes down 1.5 pct YoY.
- Indiamart – Q3 profit down 10.4 pct, paying subscribers declined by 3,715 QoQ.
- Rossari – Sales and profit down by 10.6 pct and 7.6 pct YoY.
- India Cements – Loss widens YoY and stood at Rs. 4.28 bn against loss of Rs. 165 mn.
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