Summary of the Day's Market Performance

• On September 13, Indian equity markets ended marginally lower, with the Sensex slipping 71.77 points or 0.09% to close at 82,890.94, and the Nifty down 32.40 points or 0.13%, ending at 25,356.50.

• The BSE Midcap Index gained 0.5%, while the Smallcap Index rose 1%, showing resilience in broader markets.

Performance of Key Sectors

• Gainers: The IT, Media, Metal, Realty, and PSU Bank sectors were among the top performers, climbing 0.5% to 1.7%.

• Losers: On the downside, FMCG, Power, and Oil & Gas indices closed in the red.

Market Transactions:

• 📈FII Bought: 2,364.82 cr.

• 📈DII Bought: 2,532.18 cr.

• Markets saw profit-booking after hitting new highs in the previous session, leading to a marginal decline.

• The broader market, however, continued to show strength, with Midcap and Smallcap stocks outperforming.

• Sentiment remained cautious ahead of key global and domestic economic data releases.

Key Stock Movements and News

• Top Gainers: Stocks that led the charge included Wipro, Bajaj Finance, Bajaj Finserv, Axis Bank, and IndusInd Bank.

• Top Losers: Among the laggards were ITC, Adani Ports, HDFC Life, Coal India, and SBI Life.

• Mahindra & Mahindra Financial Services approved an expansion into the mortgage business.

• Multiple private equity firms sold their 9% stake in Arvind Fashions.

• Tech Mahindra approved the merger of its wholly-owned step-down subsidiary Zen3 Infosolutions (America) Inc. with the parent company.

• HG Infra Engineering bagged an order worth Rs 716 crore from Central Railway.

• Zee Enterprises shares gained as NCLT approved the settlement pact with Sony India.

• Puravankara signed a joint development agreement for a new project in Bengaluru and expanded its redevelopment portfolio in Mumbai.

• Nazara Technologies announced plans to acquire a 47.7% stake in Moonshine Technology.

• SBI Mutual Fund raised its stake in Sona BLW Precision Forgings to 7.48%.

• Max Healthcare is set to acquire a 64% stake in Jaypee Healthcare.

• BLS International FZE will acquire a 100% stake in UAE-based Citizenship Invest DMCC for USD 31 million.

• HSBC maintained its buy rating on ICICI Prudential Life, with a target price of Rs 815, and initiated a buy rating on Krishna Institute of Medical Sciences.

• HSBC maintained its buy rating on ICICI Prudential Life, with a target price of Rs 815, and initiated a buy rating on Krishna Institute of Medical Sciences.

• SBI Mutual Fund raised its stake in Sona BLW Precision Forgings to 7.48%.

"Markets took a breather today after recent gains, witnessing some profit-booking. However, the broader market strength, particularly in Midcaps and Smallcaps, signals underlying optimism. Investors will continue to monitor key economic data in the coming days for further direction."

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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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