Summary of the Day's Market Performance

Market Overview

• Sensex: Marginally lower by 0.39 points to close at 78,472.48.

• Nifty: Gained 22.55 points (+0.10%) to settle at 23,750.20.

• Midcap & Smallcap Indices: Both ended flat.

• Sectoral Highlights:

  • Gainers: Auto, Energy, Pharma, Realty, PSU Bank.

  • Losers: Metal, FMCG, Media.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-2,376.67 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹3,336.16 crore (Net Buyers)

DIIs continued to provide robust buying support against consistent FII outflows.

1. Flat Trading Session:

   • The last expiry day of the year saw muted market movement amid holidays in peer markets and an absence of major global or domestic triggers.

2. Key Drivers:

   • Gains in auto stocks were driven by value-buying after recent corrections.

   • Persistent concerns over FII outflows, a weak rupee, and the impact of a strengthening US Dollar Index kept market sentiments cautious.

3. Future Outlook:

   • Investors remain wary of potential tariff changes and delayed rate cuts in 2025 that could weigh on economic growth.

• What is a Block Deal?

  • A block deal is a transaction in which many shares (usually above ₹5 crore in value) are traded between two parties at a mutually agreed-upon price outside the open market.

Key Stock Movements and News

• Top Gainers:

  • Adani Ports, Shriram Finance, M&M, Maruti Suzuki, SBI Life Insurance.

• Top Losers:

  • Titan Company, Asian Paints, Nestle, JSW Steel, Grasim Industries.

1. Ceigall India:

   • Shares rose after securing a ₹981-crore project from NHAI.

2. Panacea Biotec:

   • Hit a 5% upper circuit on receiving a UNICEF supply order worth ₹127 crore.

3. Motilal Oswal Research & ICICI Securities:

   • Maintained a ‘Buy’ rating on Raymond Lifestyle and PNB Housing Finance, while ICICI Securities turned bullish on Cello World.

4. Metropolitan Stock Exchange:

   • Raised ₹238 crore in funding, with investments from Groww promoters and Zerodha’s Kamath brothers.

5. MobiKwik Systems:

   • The stock surged 8% following a ₹118 crore block deal.

6. International Gemological Institute of India:

   • Locked in a 10% upper circuit after acquiring two companies for ₹1,348 crore.

• Panacea Biotec: Positive momentum from UNICEF order win.

• Ceigall India: Boost from securing a major NHAI project.

• MobiKwik Systems: Gains from significant block deal activity.

• Raymond Lifestyle & PNB Housing: Favorable analyst ratings from Motilal Oswal.

• International Gemmological Institute of India: Growth potential after strategic acquisitions.

The Indian equity market remained subdued, reflecting caution amidst thin volumes and a lack of significant triggers. While auto and energy sectors lent support, the persistent FII outflows and global currency dynamics weighed on sentiment. From now on, the focus will shift to the Union Budget 2025, Q3 corporate earnings, and evolving global economic trends, with stock-specific movements providing trading opportunities in the interim.

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