Market Commentary
Global markets – US indices fell sharply on Monday over Trump tariff on Canada and Mexico. Dow closed in red by 1.5 pct while Nasdaq closed lower by 2.6 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 43,191 | -1.5 | 1.5 |
| Nasdaq | 18,350 | -2.6 | -5.0 |
| Hang Seng | 22,824 | -0.8 | 13.8 |
| Nikkei | 37,096 | -1.8 | -7.0 |
Commodities – Gold prices remain steady and stood at USD 2,886 as investors assessing Trump tariff plan. On the other hand, oil prices stood at USD 71.18/bbl as OPEC+ plans to increase output.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 2,886 | -0.1 |
| Silver ($) | 31.57 | -0.2 |
| Brent Crude ($) | 71.18 | -0.4 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 23,262 | 49,528 |
| 100 DMA | 23,794 | 50,723 |
| 200 DMA | 24,071 | 50,952 |
Asian markets – Asian markets trading negative in early morning, tracking global peers. Hang Seng fell by 0.8 pct. While Nikkei tumbled by 1.8 pct.
Indian Indices – India’s equity benchmarks are likely to open gap down as Gift Nifty indicates. Benchmark indices closed flat on Monday due to weak global cues and trade war concern.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 73,085 | -0.2 | -6.5 |
| Nifty | 22,119 | -0.0 | -6.4 |
| Nifty Bank | 48,114 | -0.5 | -5.4 |
| Nifty Midcap 100 | 47,984 | 0.1 | -16.1 |
| Nifty Smallcap 100 | 14,660 | -0.3 | -21.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -4788 | -151,151 |
| DII | 8790 | 160,236 |
Stocks to watch
Positive Read through
- IRCTC – Granted Navratna status by the Government of India.
- Bharti Airtel – Plans Payments Bank, data center units’ IPOs, as per reports.
- ASK Aut – entered into a Technical Assistance and License Agreement with Kyushu Yanagawa Seiki for cast wheel production.
- Oil downstream stocks – Oil holds losses near three-month low after OPEC+ signals hike.
- Intellect Design – Assumes responsibility for Central 1 Credit Union’s digital banking operations.
- EIH – Announced 2 new resorts in Rishikesh in partnership with Ladhani Group.
- Uno Minda – Expands R&D capabilities with new facility in Czech Republic.
- IEX – Achieves monthly electricity traded volume growth of 9 pct.
- IndiGrid Invest – Received LoI from REC PDCL for an inter-state transmission project.
- Tata Investments – Tata Capital is said to seek up to USD 11 bn valuation in IPO.
Negative Read through
- RBL Bank – GST authorities-initiated search at 3 offices of the bank.
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