Summary of the Day's Market Performance

Market Overview

• Sensex: Declined 1,190.34 points (-1.48%) to close at 79,043.74.

• Nifty: Fell 360.70 points (-1.49%) to end at 23,914.20.

• Midcap: Flat performance.

• Smallcap: Gained 0.4%, showing resilience amid broader market weakness.

• Sectoral Performance:

  • Declines: Auto, Bank, IT, FMCG, Metal, Pharma, Energy (down 0.3-2%).

  • Gainers: PSU Bank (+1%), Media (+0.3%).

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-11,756.25 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹8,718.30 crore (Net Buyers)

FIIs continued their sell-off spree, adding significant pressure on indices, while DIIs tried to mitigate the fall.

• Geopolitical Jitters:

  • Renewed escalation in the Russia-Ukraine conflict rattled global markets, with targeted strikes on energy infrastructure stoking fears of prolonged uncertainty.

• F&O Expiry Impact:

  • Volatility was exacerbated by monthly derivative contract expirations, adding to the market's downside.

• Technical Outlook:

  • A critical support level of 23,800 is being watched closely. A break below could lead to further downside, while resistance remains strong at 24,350.

India’s Rooftop Solar Boom: With firms like Servotech winning big projects, India is rapidly scaling its renewable energy capacity. The government's push for clean energy is expected to add 50 GW of rooftop solar by 2030, a huge leap from current levels.

Key Stock Movements and News

• Top Nifty Gainers: Adani Enterprises, Shriram Finance, SBI, Cipla.

• Top Nifty Losers: SBI Life Insurance, HDFC Life, Infosys, M&M, Bajaj Finance.

• Emami Realty: Hit 5% upper circuit on unveiling a ₹10,000 crore investment plan across Bengal, UP, Jharkhand, Odisha, and Tamil Nadu.

• Servotech: Rose after bagging a 5.6 MW rooftop solar power project from UREDA.

• Sonata Software: Surged on securing a multi-million-dollar modernization deal in Australia.

• LIC: Gained as reports surfaced about a potential 50% stake acquisition in ManipalCigna Health Insurance, a move expected to reshape the health insurance sector.

• NBCC India: Climbed on securing orders worth ₹916 crore.

• Godrej Properties: Raised QIP size to ₹6,000 crore from ₹4,000 crore, signaling growth plans.

• Ola Electric: Continued its rally, skyrocketing 35% in five days, as investors cheered new product launches.

• Waaree Renewable: Shares gained on winning a ₹1,233.5 crore solar PV project order.

• HDFC Bank: Achieved a milestone as its market cap crossed ₹14 lakh crore.

• Aditya Birla MF: Acquired a 0.81% stake in ZF Commercial, adding to its portfolio.

• Servotech: Promising solar project wins make it a green energy bet.

• Sonata Software: Multi-million deals in international markets indicate strong growth prospects.

• HDFC Bank: Market cap milestones and consistent performance make it a blue-chip favorite.

• Ola Electric: Momentum remains strong as the EV giant expands its product range.

• Emami Realty: ₹10,000 crore investment plan points to a bullish real estate story.

The market faced significant pressure due to geopolitical tensions and F&O expiry-related volatility. While FIIs remained heavy sellers, DIIs provided some relief. Key sectors such as PSU Bank and Media displayed resilience, while renewable energy and EV stocks continued to shine amid the gloom. Investors are advised to remain cautious, keeping an eye on global developments and technical levels for cues.

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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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