Summary of the Day's Market Performance

Market Overview

• Sensex: Added 110.58 points (+0.14%) to close at 80,956.33.

• Nifty: Gained 10.30 points (+0.04%) to settle at 24,467.45.

• Midcap & Smallcap Indices: Rose 1% and 0.6%, respectively, reflecting strength in broader markets.

• Sectoral Highlights:

  • Top Gainers: Realty and PSU Bank indices, up 2%+ each.

  • Top Losers: Auto and FMCG indices, down 0.7% each.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹+1,797.60 crore (Net Buyers)

• Domestic Institutional Investors (DII): ₹-900.62 crore (Net Sellers)

Foreign inflows continued to support the market, while domestic investors booked profits.

• Domestic Trends:

  • Banking and realty stocks drove gains, while auto shares faced pressure due to mixed November sales data.

• Global Cues:

  • There is mixed sentiment in Asian markets, particularly due to geopolitical tensions in South Korea.

  • Investors eye the upcoming FED Chair speech, as recent minutes hint at confidence in easing inflation, though uncertainties linger over US policies under the new administration.

• Broader Market Strength:

  • Defense stocks surged following DAC approval of key acquisition proposals.

What is CRR?

Cash Reserve Ratio (CRR) is the percentage of a bank's total deposits that must be kept in reserve with the central bank (RBI). A reduction in CRR increases liquidity in the banking system, spurring lending and economic activity.

Key Stock Movements and News

• Biggest Nifty Gainers: HDFC Life, HDFC Bank, Apollo Hospitals, NTPC, Bajaj Finserv.

• Biggest Nifty Losers: Bharti Airtel, Cipla, Bajaj Auto, Tata Motors, Adani Ports.

• Star Cement: Shares surged 14% on Ambuja Cement's acquisition plans.

• Banking Stocks: Bank Nifty rose over 1%, driven by CRR cut expectations ahead of the RBI policy. Notable gainers included UCO Bank (+13%), Central Bank (+8%), and Indian Overseas Bank (+9%).

• Defense Sector: Stocks rallied following Rs 21,772 crore DAC approvals, with Mazagon Dock Shipbuilders and Garden Reach Shipbuilders leading the charge, up 5% each.

• Reliance Power: Locked in 5% upper circuit after the company was removed from a GOI tender blacklist.

• Oberoi Realty: Hit a record high after Nomura initiated a 'buy' call, projecting a 21% upside.

• Hatsun Agro: Rated as a 'Buy' by ICICI Securities for the value potential of its ice cream business.

• LTIMindtree: Invested $6 million in Agentic AI firm Voicing.AI.

• Steelman Telecom: Hit 20% upper circuit after bagging a ₹147 crore contract from Reliance Jio.

• Star Cement: Momentum driven by Ambuja Cement’s acquisition plans.

• Banking Stocks: Continued strength expected amid CRR cut hopes.

• Defense Stocks: Focus on Mazagon Dock Shipbuilders and Bharat Electronics for sustained gains.

• Hatsun Agro: Promising outlook for its ice cream business.

• Oberoi Realty: Strong momentum following a positive Nomura report.

Indian markets extended their winning streak, driven by strength in banking and realty stocks. Positive foreign inflows bolstered the rally, while broader markets reflected resilience. Defense stocks surged on DAC approvals, and all eyes are now on the RBI policy update and the FED Chair’s speech, which could influence sentiment moving forward.

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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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