Summary of the Day's Market Performance

Market Overview

1. Sensex closed at 76,759.81, up 226.85 points (0.30%).

2. Nifty ended at 23,249.50, gaining 86.40 points (0.37%).

3. Midcap and smallcap indices remained flat.

4. Sector-wise performance:

   • Gainers: Oil & gas, power, pharma, PSU, FMCG, and realty (up 0.5-1%).

   • Losers: Auto, IT, media, and consumer durables (down 0.4-2%).

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-4,582.95 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹2,165.89 crore (Net Buyers)

Foreign Institutional Investors (FII) continued their selling spree, while Domestic Institutional Investors (DII) provided some buying support.

• FIIs have been net sellers, but outflows may slow down due to easing US bond yields.

• The upcoming Union Budget is likely to play a crucial role in shaping market sentiment.

• Investors are shifting focus to fundamentally strong sectors with stable valuations.

• The upcoming Union Budget is expected to be a key inflection point, potentially reversing bearish trends if policies support growth and consumption.

India's fertilizer subsidies could get a boost in the upcoming Union Budget, with expectations of a ₹1.7 lakh crore allocation. This is driving up fertilizer stocks like RCF, Madras Fertilizer, and Coromandel International.

Key Stock Movements and News

• Top Gainers:

  • Bharat Electronics, Hero MotoCorp, Bharti Airtel, Cipla, Power Grid Corp

• Top Losers:

  • Tata Motors, Shriram Finance, Adani Enterprises, Bajaj Finserv, Adani Ports

1. Bank of Baroda: Q3 net profit up 5.6% to ₹4,837 crore; NII rose 3%.

2. Waaree Energies: Net profit soared 296% to ₹493 crore; revenue jumped 116%.

3. Adani Enterprises: Q3 net profit fell sharply to ₹58 crore; stock declined 4%.

4. Ambuja Cements: Net profit surged 242%, but shares fell 5% due to profit-booking.

5. Adani Ports: Shares declined 5% as Q3 results missed estimates due to slower cargo volume growth.

6. Info Edge (India): Board to consider first-ever stock split; shares rose 3%.

7. Fertilizer Stocks: RCF, Madras Fertiliser, and Coromandel surged 2-3% in a pre-budget rally.

8. JK Paper: Shares crashed 11% after Q3 net profit fell 72% YoY.

9. Bajaj Healthcare: Secured DCGI approval for manufacturing the antipsychotic drug Pimavanserin.

10. Laurus Labs: Jumped 8% after the US resumed funding for AIDS drug programs.

1. Info Edge (India): First-ever stock split proposal could boost investor interest.

2. Waaree Energies: Strong Q3 earnings with 296% net profit growth.

3. Bajaj Healthcare: Regulatory approval for a key drug may support long-term growth.

4. Laurus Labs: Strong rally post-funding resumption for global AIDS drug programs.

5. Ambuja Cements: Despite a strong Q3, stock fell; a potential buy-the-dip opportunit

Markets held onto gains despite intraday volatility, with strong performances from PSU, pharma, and realty stocks. Investors remain cautious ahead of the Union Budget, which could be a game-changer for market direction. FIIs continued selling, but easing US bond yields may slow outflows. The focus remains on fundamentally strong stocks and sectors with favorable valuations.

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