Market Commentary
Global markets – US indices ended lower on Monday after Trump delays Mexico tariffs. Dow slipped by 0.3 pct while Nasdaq slumped by 1.2 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 44,421 | -0.3 | 4.4 |
| Nasdaq | 19,391 | -1.2 | 0.4 |
| Hang Seng | 20,816 | 3.0 | 3.8 |
| Nikkei | 39,140 | 1.6 | -1.9 |
Commodities – Gold prices rose and stood at USD 2,2824 amid global trade worries. On the other hand, oil prices fell and stood at USD 75.48/bbl as after Trump delays tariffs.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,824 | 0.4 |
| Silver ($) | 31.58 | 0.2 |
| Brent Crude ($) | 75.48 | -0.1 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,792 | 50,821 |
| 100 DMA | 24,279 | 51,349 |
| 200 DMA | 24,012 | 50,850 |
Asian markets – Asian markets opened in the positive territory over the supportive overnight cues. Hang Seng jumped 3 pct. While Nikkei trading positive by 1.6 as Trump pauses tariffs.
Indian Indices – India’s equity benchmarks are likely to open with flat to positive note. Benchmark Indices slumped on Monday on the back of fear over Trump tariff war.
Results Today – Titan, Tata Power, Asian Paints, Thermax, Godrej Prop.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 77,186 | -0.4 | -1.2 |
| Nifty | 23,361 | -0.5 | -1.2 |
| Nifty Bank | 49,210 | -0.6 | -3.2 |
| Nifty Midcap 100 | 52,988 | -0.9 | -7.4 |
| Nifty Smallcap 100 | 16,617 | -2.1 | -11.5 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -3958 | -92,660 |
| DII | 2708 | 90,124 |
Stocks to watch
Positive Read through
- Defence stocks – Defence secy says need to ensure contracts are triple of last year.
- Paradeep – EBITDA grew 19 pct, Sales rose 58 pct YoY.
- Banks – DFS secy says govt conveyed LCR views to RBI, don’t want banks’ money locked up.
- HFCL – EBITDA jumped 31 pct YoY, temporarily puts on hold OFC manufacturing project in Poland.
- Samvardhana, Sona BLW – US pauses tariff on Canada & Mexico for 1 month.
- Premier Energies – Margin at 29.9 pct vs 17.3 pct, EBITDA grew 4.2x YoY.
- Garden Reach – Q3 in-line with estimates, margin up 60 bps YoY.
- Titagarh Rail – Forays into two new business verticals, including shipbuilding.
- NLC India – Sales up 39.4 pct, margin at 41.4 pct vs 28.6 pct YoY.
- Subros – EBITDA increased by 30.5 pct, margin at 9.5 pct vs 8.1 pct YoY.
- GIC – Gross premiums written rose 13.6 pct, net premium earned rises 10.1 pct YoY.
- Castrol – Margin expanded 180 bps, sales rose 7 pct YoY.
- Ganesha Ecosphere – To Increase Size of Its Expansion Plan in Odisha by another 45000 TPA.
- Gujarat Gas – No Adverse Observation Letter on merger with GSPL received from BSE.
Negative Read through
- KEC Intl – 9MFY25 Sales growth at 9 pct vs company’s FY25 guidance of 15 pct.
- Doms – Margin contracted 110 bps, sales rose 35 pct YoY.
- Power Grid – Q3 misses estimates, margin 84.9 pct vs 88.5 pct YoY.
- Tata Chem – Q3 misses street estimates, margin fell 240 bps.
- Shalby – Posted loss vs profit, margin at 12.3 pct vs 19.6 pct YoY.
- Gland PH – Posted Q3 below estimates, Sales declines 10.4 pct YoY.
- Gateway Distriparks – EBITDA fell 5.9 pct, margin at 24 pct vs 26.2 pct YoY.
- Spandana – CARE Ratings fellgrades rating to A (negative).
- Thomas Cook – Profit fell 47.7 pct, margin at 5.6 pct vs 6.1 pct YoY.
- Welspun Ent – Profit slipped 13.4 pct, margin at 14.8 pct vs 17.9 pct YoY.
- Dredging Corp – EBITDA fell 24.1 pct, margin at 16.1 pct vs 25.9 pct YoY.
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