Market Commentary
Global markets – US indices closed at record high on Thursday due to positive comments from President Donald Trump. Dow closed higher by 0.9 pct while Nasdaq closed green by 0.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,565 | 0.9 | 4.8 |
| Nasdaq | 20,053 | 0.2 | 3.8 |
| Hang Seng | 20,024 | 1.6 | -0.2 |
| Nikkei | 40,192 | 0.6 | 0.7 |
Commodities – Gold prices rose and stood at USD 2,773 after Trump called for an immediate reduction in rate cuts. On the other hand, oil prices rose in and stood at USD 78.19/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,773 | 0.3 |
| Silver ($) | 30.75 | 1.2 |
| Brent Crude ($) | 78.19 | 0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,868 | 51,103 |
| 100 DMA | 24,429 | 51,528 |
| 200 DMA | 23,981 | 50,818 |
Asian markets – Asian markets opened positive largely tracking global peers. Hang Seng rose 1.6 pct. While Nikkei grew by 0.6 pct as BoJ decision looms.
Indian Indices – India’s equity benchmarks are likely to open positive as Gift Nifty indicates. Benchmark Indices extended their gains on Thursday led by rally in IT stocks and auto stocks.
Results Today – EMS, Godrej CP, DLF
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 76,520 | 0.2 | -2.1 |
| Nifty | 23,205 | 0.2 | -1.9 |
| Nifty Bank | 48,589 | -0.3 | -4.5 |
| Nifty Midcap 100 | 54,098 | 1.9 | -5.4 |
| Nifty Smallcap 100 | 17,364 | 1.1 | -7.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -5462 | -66,322 |
| DII | 3712 | 64,542 |
Stocks to watch
Positive Read through
- Amber Enterprises – Posted Q3 above estimates, sales jumped 65 pct YoY.
- United Spirits – Reported Strong Q3, P&A volumes up 11.2 pct vs poll of 9-10 pct rise.
- HPCL – Q3 earnings in line, marketing volumes healthy, up 11 pct QoQ.
- HFCL – Gets advance purchase orders worth Rs. 21.68 bn for BharatNet project from RVNL.
- Indus Towers – Sharp jump in EBITDA and margin YoY due to reversal of doubtful debts.
- Mphasis – Strong deal wins and pipeline; sales growth slightly lower than estimates.
- Sudarshan Chemical – Launches QIP with floor price Rs. 1,107.89/share.
- Indigo – December market share at 64.4 pct vs 63.6 pct MoM.
- Zaggle – Agreement with Siemens for its reward for employees platform.
- IEX – Posted Q3 in line with estimates, trading volumes grew 15.9 pct YoY.
- Ion Exchange – Q3 EBITDA grew 6 pct, sales jumped 25 pct YoY.
- Capri Global – Q3 profit came at Rs. 1.08 bn against Rs. 0.51 bn, NII grew 12 pct YoY.
- Thyrocare – EBITDA increased by 32 pct, margin at 25 pct Vs 23 pct YoY.
- Kalpataru Proj – Bags Rs. 20.38 bn order for T&D business and projects in India.
Negative Read through
- Ujjivan SFB – 7-quarter high GNPA ratio, slippages at multi-quarter high.
- Dr. Reddy’s – Q3 misses estimates, North America sales fall approximately 10 pct QoQ.
- Mankind – Q3 sales and margin in line with estimates; Profit declines due to rising finance costs.
- Cyient – DET business FY25 CC sales growth guidance cut to -2.7 pct YoY, margin guidance revised lower.
- Patanjali Foods – FSSAI directs company to recall red chili powder of batch no. AJD2400012.
- Suryoday SFB – Cuts FY25 guidance, GNPA ratio at 5.53 pct vs 3.03 pct QoQ.
- Spandana – Disbursals tumbled 43.3 pct, NIM at 11.3 pct vs 13.3 pct YoY.
- Sona BLW – Q3 earnings in line, Q4 expected to be weak.
- Greaves Cotton – Profit tumbled 6.4 pct, margin flat at 5.3 pct YoY.
- Tejas Network – EBITDA slipped 31.9 pct, margin at 14 pct vs 19.4 QoQ.
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.
