The Market Outlook

MOIL hikes prices 🚀 Had highlighted the global shortage of manganese ore 🔥

Ambuja Standalone - Miss! 👍 Volumes +17.3% at 9.5mt 😢 But Margins -180 bps yoy & -250 bps qoq Reason for Miss! 👎Realizations -7% qoq 👎 11% of Clinker capacity under maintenance 💸 Cash at 24338 Cr 🤩 Capacity to increase to 140 mt vs 79 mt

🇺🇸 StockMarkets on Tuesday #DowJones -1.5% #Nasdaq -2.04% S&P500 -1.57% 🇺🇸 Markets in April 2024 #DowJones -5% #Nasdaq -4.4% S&P500 -4.2% Dow wraps up worst month since September 2022 as bond yields rise Even after pullback, S&P 500 is still up more than 20% from its low last October Economic Data Labor Department said the employment cost index (a measure of wages and benefits) +1.2% in the first quarter vs 1% consensus estimate Bond Yields 🇺🇸 2-year yield topping 5% 🇺🇸 10 year yield at 4.67% Fed will make its interest rate decision on Wednesday McDonald’s in its quarterly report warned about a more selective consumer due to higher prices 🍔 Big losers #Nvidia -1.5% & was down 4% in April Favorite AI play of investors was up for 5 months straight before this month -3% in the session before its quarterly update In after-hours trading 👍 Amazon +1% following better-than-expected earnings 👎 Chipmaker Advanced Micro Devices -6% after issuing an in-line revenue forecast for the current quarter 👎 Super Micro Computer -9%, slightly below estimates Earnings on Wednesday Pfizer Kraft Heinz CVS Health Qualcomm DoorDash Other Asset Classes 💲 Dollar Index at 106.1 as Euro & Sterling weakened ⛽️ Brent Crude slips to 85.6$/barrel- as U.S. crude inventories swell 🪙 Gold at $ 2286/ounce 🥈 Silver at $ 26.32/ounce 💰 Bitcoin 60141$, briefly dips under $60,000 Was -15% in April 2024, worst month since November 2022 First negative month in the past eight But its still +43% for 2024.

Stock Market Holiday: Are NSE, BSE closed today on Maharashtra Day Here's a quick look at the stocks under F&O ban on NSE - May 2 👇

US Stock Market: 3 reasons behind Dow Jones' 570 points crash; Nasdaq cracks 2%

#BSE changes expiry day for single stock derivatives, effective July 1

*WHAT HAPPENED OVERNIGHT* -> US employment cost index was strong triggering a hawkish readjustment ahead of FOMC tonight -> SPX -1.57%, Nasdaq -2.04% -> UST 10y yield jumped 7 bps to 4.68% -> UST 2y yield ended at 5.04% -> Dollar Index +0.59% to 106.33 -> Oil down 0.6% to $87.86/bbl Govt reduces windfall tax on crude oil to Rs 8,400 from Rs 9,600/tonne effective May 1 SAED on export of diesel, petrol and ATF continue at Nil.

🌎Here are some cues to watch out for!