Summary of the Day's Market Performance

• Sensex declined by 110.64 points (-0.14%) to close at 77,580.31, and Nifty slipped by 26.30 points (-0.11%) to 23,532.70.

• BSE Midcap gained 0.4%, while Smallcap added nearly 1%, showing resilience amid broader market weakness.

• Sectoral Performance: FMCG, Power, PSU Bank, and Oil & Gas shed between 0.3-1%, while Auto, Media, and Realty rose between 0.6-2%.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-1,849.87 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹2,481.81 crore (Net Buyers)

FIIs continued their selling spree, albeit at a reduced pace, while DIIs supported the market with net buying.

• FIIs Selling Pressure: While FIIs remain net sellers, the intensity has lessened slightly, contributing to some market stability.

• Global Factors: Mixed sentiment in Asian markets reflects caution as investors assess risks from potential US policy changes, especially around trade barriers.

• Domestic Earnings: The muted domestic Q2 earnings are largely factored into the market, and investors are now watching for signs of improvement in economic and business data. Increased government spending is anticipated as election-related restrictions ease.

• Market This Week

  • Index Performance: Sensex and Nifty posted a second consecutive week of negative returns, each dropping 2%.

  • Midcap and Nifty Bank: Midcap index fell by 4%, while Nifty Bank shed nearly 3%.

  • Sectoral Highlights: All sectoral indices, except Nifty IT, were down, with PSU Bank and Metals falling 5% each.

• Mutual Fund Surge: Mutual funds invested a notable ₹89,000 crore this past month, triple the amount invested in September (₹30,000 crore). This reflects growing DII confidence in the market.

Key Stock Movements and News

• Top Losers: HUL, BPCL, Tata Consumer, Nestle, Britannia.

• Top Gainers: Eicher Motors, Hero MotoCorp, Reliance Industries, HDFC Life, Kotak Mahindra Bank.

• HAL: Reported a 22% rise in Q2 net profit to ₹1,510 crore, boosting shares by 2%.

• Zomato: Gained 4% after inclusion in the NSE’s F&O list alongside 44 other stocks.

• Allied Blenders: Rose 2% as Antique initiated coverage with a 29% upside potential.

• Banco Products: Hit a 20% upper circuit on strong Q2 results and a planned 1:1 bonus issue.

• Niva Bupa: Debuted at a 6% premium over its IPO price, ending flat at ₹74 per share.

• Varun Beverages: Climbed 5% intraday after launching a ₹7,500 crore QIP.

• Gautam Adani: Announced a $10 billion investment in the US, focusing on energy and infrastructure to create up to 15,000 jobs.

• Agro Tech Foods: Fell 7% following a ₹1,300 crore share-swap deal to acquire Del Monte Foods.

• SpiceJet: Increased 3% after settling a ₹763 crore dispute with Canada’s EDC, allowing the acquisition of 13 aircraft.

• HAL: Strong earnings and growth in aerospace and defense position HAL as a potential leader.

• Banco Products: Positive outlook due to its Q2 performance and bonus issue.

• Varun Beverages: Continued expansion through its QIP indicates growth potential.

The markets showed some stability after days of losses, although selling pressure from FIIs and global uncertainties remain key challenges. As domestic earnings concerns subside, investors are hopeful for economic improvement and renewed government spending. Rising investments from mutual funds and continued DII support reflect underlying confidence, even amid short-term volatility.

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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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