Market Commentary
Global markets – US indices closed mixed on Monday as investors awaits major earnings and economic data. Dow Jones closed positive by 0.3 pct. While Nasdaq closed slightly red by 0.1 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 40,227 | 0.3 | -5.4 |
| Nasdaq | 17,366 | -0.1 | -10.1 |
| Hang Seng | 22,059 | 0.4 | 10.0 |
| Nikkei | 35,839 | 0.4 | -10.2 |
Commodities – Gold prices fell and stood at USD 3,319 over profit booking, On the other hand, oil prices fell and stood at USD 64.41/bbl on demand concern.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 3,319 | -0.8 |
| Silver ($) | 33.07 | -0.2 |
| Brent Crude ($) | 64.41 | -0.2 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,047 | 50,520 |
| 100 DMA | 23,400 | 50,596 |
| 200 DMA | 24,050 | 51,097 |
Asian markets – Asian markets trading positive in the early morning trade. Hang Seng trading higher by 0.4 pct. While Nikkei closed green by 0.4 pct.
Indian Indices – India’s equity benchmarks are likely to open flat as GIFT Nifty indicates. Benchmark indices recovered on Monday driven by rally in Reliance due to better earnings.
Result Today – Bajaj Finance, Bajaj Finserv, Trent, Praj Industries.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 80,218 | 1.3 | 2.7 |
| Nifty | 24,328 | 1.2 | 2.9 |
| Nifty Bank | 55,432 | 1.4 | 9.0 |
| Nifty Midcap 100 | 54,440 | 1.6 | -4.8 |
| Nifty Smallcap 100 | 16,676 | 0.8 | -11.2 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | 2474 | -144,050 |
| DII | 2817 | 214,096 |
Stocks to watch
Positive Read through
- Wipro – Won 5-year contract from Vorwerk to manage & transform their IT ecosystem.
- Auto Ancillaries – U.S. is considering on tariff relief for foreign auto component manufacturers exporting to U.S. companies.
- HCL – Company and BNW Developments unveil 342 key Taj Wellington Mews in Ras Al-Khaimah..
- IOL Chemicals – Received approval from China’s Center for Drug Evaluation (CDE) for Ibuprofen.
- Ultratech – Management guides for double-digit organic volume growth in FY26.
- TVS Motor – Expects healthy growth in international markets, particularly in Africa.
- Firstsource – CC sales growth at 2.10 pct QoQ, FY26 guidance at 12-15 pct.
- Coforge – Arm to sell stake in Coforge Advantage Go to Sapiens UK for approx Rs. 4.91 bn.
- Adani Green – EBITDA grew 30 pct, margin at 78 pct vs 72.6 pct YoY.
- CESC – Power purchase agreement with subsidiary for 300 MW hybrid unit.
- PNB Housing – NIM came at 6-quarter high of 3.75 pct, GNPA ratio at 22-quarter low.
- Greenply Ind – EBITDA rose 18.20 pct, margin at 10.5 pct vs 9.6 pct YoY.
Negative Read through
- Landmark Cars – To exit business operations in Punjab to rationalise costs.
- Tata Tech – TPG may sell 3.9 pct equity via block deals, indicative price at 1-5 pct discount to CMP.
- Aurobindo PH – Fire incident at unit, no injuries & no material impact seen.
- IndusInd Bank – Arun Khurana resigns as Whole-time Director & Dy CEO.
- KFin Tech – Q4 results miss estimates, EBITDA margin slipped 180 bps QoQ.
- Paytm – JV First Games gets SCN from DGGI seeking Rs. 57.12 bn; company’s exposure at Rs. 2.25 bn.
- Ola Elec – Announces 72-hour rush offers, discounts up to Rs. 40,000 on S1 portfolio.
- Go Digit – Operating profit fell 13 pct, combined ratio at 111.30 pct vs 108.80 pct YoY.
- Nippon Life AMC – Sales fell 4 pct, QAAUM declines 2.2 pct, SIP AUM down 7 pct QoQ.
- Adani Total – Margin slipped 55 bps, sales came flat QoQ.
- Oberoi Realty – EBITDA declined 21.70 pct, margin at 53.7 pct vs 60 pct YoY.
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