Summary of the Day's Market Performance

Market Overview

• Sensex: Climbed 597.67 points (+0.74%) to close at 80,845.75.

• Nifty: Gained 181.10 points (+0.75%) to settle at 24,457.15.

• Midcap & Smallcap Indices: Both rose 1%, outperforming benchmark indices.

• Sectoral Highlights:

  • Media and PSU Bank indices surged 2%+.

  • FMCG was the only laggard, reflecting profit booking in select stocks.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹+3,664.67 crore (Net Buyers)

• Domestic Institutional Investors (DII): ₹-250.99 crore (Net Sellers)

Strong foreign inflows bolstered the rally, while domestic institutions booked profits.

• Market Resilience:

  • Benchmark indices sustained gains for the third consecutive session, buoyed by positive global sentiment and optimism around RBI's upcoming guidance on interest rates and liquidity.

• Sectoral Performance:

  • Banking Stocks: Continued to gain, driven by their rate sensitivity.

  • Metal Stocks: Benefited from higher import duties and encouraging manufacturing data from China.

• Outlook:

  • Investors are pricing in weak economic data, focusing instead on future growth drivers.

What is a Rights Issue?

A rights issue allows existing shareholders to purchase additional shares at a discounted price, helping the company raise capital while rewarding loyal investors.

Key Stock Movements and News

• Biggest Nifty Gainers: Adani Ports, NTPC, Adani Enterprises, Axis Bank, SBI.

• Biggest Nifty Losers: Bharti Airtel, ITC, Hero MotoCorp, HDFC Life, Sun Pharma.

• Swiggy: Announced a ₹1,600 crore rights issue for Scootsy, funding expansion for Instamart and working capital needs.

• Health Insurance Stocks: Shares of Niva Bupa and Star Health rose by 11%, compared to the possibility of GST reduction on health insurance premiums, from 18% to 5%.

• Tobacco Stocks: ITC and Godfrey Phillips shares fell as a GST panel proposed increasing taxes on cigarettes and tobacco by 35%.

• Granules India: Shares plunged 10% after its Hyderabad facility faced a warning from the US FDA.

• Vakrangee: The stock hit a 5% upper circuit after the company announced a partnership with the Central Bank of India to offer banking services.

• C2C Advanced Systems: Made a strong debut, listing at a 90% premium over its IPO price on the NSE.

• Torrent Power: Announced plans to raise ₹3,500 crore via QIP, selling 4.6% equity stake.

• Vakrangee: Strong momentum following its partnership with the Central Bank of India.

• Torrent Power: Potential upside as it looks to raise ₹3,500 crore for growth.

• Health Insurance Stocks: Focus on Niva Bupa and Star Health amid GST reduction buzz.

The markets extended their winning streak, supported by foreign inflows and broad-based buying. Banking and metal stocks led the rally, while investors remained optimistic about upcoming RBI policy updates. Despite some sector-specific headwinds, the overall sentiment remains bullish.

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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