Summary of the Day's Market Performance

Market Overview

• Sensex: Rose 498.58 points (+0.64%) to close at 78,540.17.

• Nifty: Gained 165.95 points (+0.70%) to settle at 23,753.45.

• Midcap Index: Marginally up, reflecting selective buying.

• Smallcap Index: Declined by 0.6%, indicating cautious investor sentiment.

• Sectoral Highlights:

  • Gainers: Bank, FMCG, Metal, Oil & Gas, Energy, Realty indices rose 0.5-1%.

  • Loser: The media sector declined by 0.4%.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-168.71 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹2,227.68 crore (Net Buyers)

DIIs extended support amid muted foreign institutional activity.

1. Optimism Post-Sell-Off:

   • Lower-than-expected US PCE inflation data improved investor sentiment, especially in rate-sensitive sectors.

2. Metals Sector Shines:

   • Speculation on higher steel import taxes fueled buying in metal stocks.

3. Short-Term Outlook Sideways:

   • The lack of new catalysts and holiday-induced low trading volumes may cap further upside in the near term.

• What is PCE Inflation?

  • The Personal Consumption Expenditures (PCE) price index is a key indicator used by the US Federal Reserve to measure inflation. It reflects changes in consumer spending patterns and is considered a more accurate gauge than CPI.

Key Stock Movements and News

• Top Gainers:

  • JSW Steel, ITC, Hindalco Industries, IndusInd Bank, Trent.

• Top Losers:

  • Hero MotoCorp, Maruti Suzuki, Nestle India, HCL Technologies, Bajaj Finserv.

1. Waaree Energies:

   • Shares gained after board approval for ₹2,000 crore capex and a ₹650 crore lithium-ion plant.

2. Insurance Stocks Decline:

   • GIC Re, NIACL, and Star Health fell over 6% as the GST Council deferred relief on insurance premiums.

3. Steel Stocks Watch:

   • NMDC, Vedanta, and JSW Steel remain under pressure as Karnataka proposed mining land taxes.

4. JBM Auto:

   • The stock rallied after the subsidiary secured a ₹1,800 crore order from Ahmedabad.

5. Zomato & Swiggy:

   • Shares dipped 3% and 2% after the GST Council postponed reducing GST on online food delivery to 5% (currently 18%).

6. India Cements:

   • Shares surged following CCI approval for UltraTech's ₹7,000 crore deal.

7. Sterling and Wilson:

   • The stock jumped after winning a ₹1,200 crore order.

8. Solar91 Cleantech IPO:

   • ₹106-crore IPO postponed as the issue came under BSE scrutiny.

• Waaree Energies: Growth potential from lithium-ion plant investment.

• JBM Auto: Positive order inflow supports strong prospects.

• India Cements: Momentum from UltraTech deal approval.

• Sterling and Wilson: Large order win boosts growth outlook.

• Metal Stocks: Speculation on higher steel import taxes offers a trading opportunity.

Indian markets ended their five-day losing streak with a notable rebound, supported by broad-based buying across major sectors. While positive US inflation data bolstered sentiment, the outlook remains cautious as markets await new catalysts. Key sectors like metals and energy gained on policy speculation, while insurance and online food delivery stocks faced pressure due to deferred decisions. Investors should watch for stock-specific opportunities amid sideways short-term trends.

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