Commodities Update

• Brent: $62.6 (-0.2%)
• WTI: $58.35 (-0.26%)
• Gold: $4,204 (-0.23%)
• Silver: $53.18 (-0.5%)
• Copper: $10,944 (+1.1%)
• Zinc: $3,075 (+0.3%)
• Aluminum: $2,894.5 (+0.7%)

Negative Sentiment Stocks

• SpiceJet – Loss widens to ₹621 Cr, worst in 13 quarters.
• KNR Construction – Revenue ↓67%, EBITDA ↓78% YoY.
• RK Forgings – Loss ₹9 Cr vs profit ₹140 Cr YoY.
• Cochin Shipyard – Revenue flat, sharp margin fall.

Neutral Sentiment Stocks

• Ather Energy – ₹551 Cr block deal at ₹620/share.
• IGL – Revenue flat, margins soften QoQ.
• Deepak Nitrite – Mixed performance; revenue ↓6%.

Positive Sentiment Stocks

• Tata Steel – Strong Q2; revenue ↑9%, EBITDA ↑45%.
• Honasa – Turns profitable with ₹39 Cr PAT.
• Shringar Mangalsutra – Revenue ↑27%, EBITDA ↑34% YoY.

Sectors to Watch Today

• Gem & Jewellery: Maharashtra announces Gems & Jewellery Policy 2025.
• Mining: Cabinet clears measures to boost critical mineral production.
• Textiles, Jewellery, Aquaculture: Export Credit Guarantee Scheme expanded.
• Sugar Stocks: Weak commentary from ethanol manufacturers.
• Execution-Heavy Stocks: IRCON, Cochin Shipyard, KNR see weak Q2.
• Turnaround Plays: Honasa Consumer, Ashiana Housing.
• Rate Sensitives (+ve): CPI at 0.25%, ICRA upgrades bank credit growth outlook.

Why Markets May Consolidate at the Open

• FII short positions ↑ to 88%.
• FII selling continues for 3 straight sessions.
• Political uncertainty due to updated Bihar election polls.
• Profit booking after recent rally.
• Asian markets mixed; US futures weak.
• GIFT Nifty trades at 40-point discount.

Global Market Cues

US Gov Reopens: House passes bill; President Trump to sign.

• Dow Futures: 48,376.73 (+0.25%)
• S&P 500: 6,850.92 (+0.06%)
• Nasdaq: 23,381.54 (-0.37%)
• GIFT Nifty: 25,950 (-0.03%)
• Nikkei: 51,295 (+0.45%)
• Hang Seng: 26,911 (+0.80%)

Additional Stocks to Watch

Positive

• GMDC – Benefit from critical minerals boost.
• Phoenix Mills – ₹296 Cr stake acquisition in Island Mall Developers.
• Ram Ratna Wires – Announces 1:1 bonus.
• Divgi TorqTransfer – Pollution board approval.
• Cosmo First – Pact with Filmax Corp.
• Nuvoco Vistas – NIIF II to sell 2.34% stake.
• Sandur Manganese – Resin block commercial ops begin.
• Ather Energy – Receives ₹62 Cr from Toyota Tsusho.
• Gujarat Gas – Propane price cut positive for margins.

Negative

• Vedanta – NCLT reserves order on demerger.
• Balrampur Chini & Shree Renuka – Weak ethanol commentary.
• Grasim – Tax authority initiates search.