Summary of the Day's Market Performance

Market Overview

• Sensex: Gained 234.12 points (+0.30%) to close at 78,199.11.

• Nifty: Rose 91.85 points (+0.39%) to end at 23,707.90.

• BSE Midcap Index: Increased by 0.7%.

• BSE Smallcap Index: Added a strong 1.7%.

• Sectoral Performance:

  • Top Gainers: Oil & Gas, Realty, Energy, Banking, Metal, Pharma (up 0.5%-1%).

  • Lagging Sector: IT ended in the red.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-1,491.46 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹1,615.28 crore (Net Buyers)

Despite continued FII selling, DII inflows supported the market recovery.

1. Global Optimism on HMPV:

   • Positive global cues alleviated fears about HMPV, helping markets recover from the previous session's sell-off.

2. Focus on GDP and Earnings:

   • Markets traded cautiously ahead of the first advance estimates for India's FY25 GDP, as growth expectations have been revised downward by the RBI.

   • Earnings recovery during the upcoming results season remains a key factor to watch.

3. FII Selling Continues:

   • Driven by a strengthening dollar, rising US bond yields, and reduced chances of further rate cuts, FII outflows remain a challenge.

• Why Do Domestic Institutional Investors (DIIs) Matter in Indian Markets?

  • DIIs, such as mutual funds and insurance companies, play a stabilizing role by investing in Indian equities during periods of FII outflows.

  • Their buying supports markets, especially during global uncertainties or when foreign investors sell due to currency and interest rate dynamics.

Key Stock Movements and News

• Top Gainers:

  • ONGC, SBI Life Insurance, Tata Motors, HDFC Life, Reliance Industries.

• Top Losers:

  • HCL Tech, TCS, Eicher Motors, Hero MotoCorp, Trent.

1. MobiKwik:

   • Shares soared after the company narrowed its net loss to ₹3.6 crore in Q2FY25 from ₹6.6 crore in Q1FY25.

2. NCC:

   • The stock rose 5% on securing a ₹501 crore order for the Bengaluru Suburban Rail project.

3. Shakti Pumps:

   • Shares climbed on the company's announcement to raise to ₹400 crore via a QIP.

4. Biocon:

   • Shares surged 8% following a Jefferies upgrade, with the price target lifted by 43%.

5. Zydus Lifesciences:

   • Gained after signing a deal with US healthcare giant CVS Caremark.

6. IndiaMART:

   • Rose on a 'Buy' upgrade by JM Financial.

7. Arvind Fashions:

   • Gained after Equirus issued a 'long' call with a potential 45% upside.

8. Paras Defence:

   • Shares rose after the company was granted a license under the Arms Act.

9. Ashoka Buildcon:

   • Shares jumped after its subsidiary signed a ₹1,391 crore deal with NHAI.

10. Indo Farm Equipment:

    • Listed at a 19% premium to its IPO price, closing at ₹258.40 on the BSE.

11. Kalyan Jewellers:

    • Witnessed strong momentum, driven by festive and wedding demand.

New IPO Alert: Standard Glass Lining Technology

• Company: Standard Glass Lining Technology

• Sector: Engineering equipment for pharma and chemical industries.

• Products: Reaction systems, storage systems, drying systems.

• Issue Details:

  • Size: ₹410.05 crore

  • Price Band: ₹133–₹140 per share

  • Lot Size: 107 shares

  • Minimum Bid: ₹14,231

Key Dates:

• Open Date: January 6, 2025

• Close Date: January 8, 2025

• Basis of Allotment: January 9, 2025

• Listing Date: January 13, 2025

1. Biocon: Strong upside potential following a price target upgrade.

2. NCC: Positive momentum from a major order win.

3. MobiKwik: Sequential improvement in financials.

4. Kalyan Jewellers: Benefiting from robust festive and wedding demand.

5. Paras Defence: Regulatory clearance positions it for growth.

Indian equity markets ended the day positively, supported by global optimism and DII inflows. While caution prevails ahead of GDP data and earnings season, sectors like energy, realty, and pharma contributed to the rally. While IT lagged, stocks like Biocon, NCC, and Paras Defence shone on strong triggers. Markets will likely remain range-bound, with an eye on earnings and macroeconomic updates.

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