Summary of the Day's Market Performance

Market Overview

• Sensex: Fell 384.55 points (-0.47%) to close at 81,748.57.

• Nifty: Declined 100.05 points (-0.40%) to settle at 24,668.25.

• Midcap and Smallcap Indices: Gained 0.5% each, outperforming the benchmark indices.

• Sectoral Highlights:

  • Gainers: Realty (+3%), Media (+1.5%), PSU Bank (+0.5%).

  • Losers: IT, Metal, and Oil & Gas lost 0.5%-1% each.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-278.70 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹-234.25 crore (Net Sellers)

Both domestic and foreign institutions remained cautious, leading to subdued trading activity.

1. Realty Sector Outperforms:

   • Realty surged 3% on hopes of rising demand and potential rate cuts in 2025, boosting long-term optimism.

2. Economic Indicators:

   • Positive Manufacturing and Services PMI suggestsa strong earnings turnaround in H2FY25.

3. Global Cues:

   • Rising US 10-year bond yields and a strengthening dollar kept investors cautious ahead of the US Fed policy commentary.

• What is PMI?

  • Purchasing Managers' Index (PMI) measures economic activity in manufacturing and services sectors. A PMI above 50 indicates expansion, while below 50 signals contraction.

Key Stock Movements and News

• Top Gainers:
  Dr Reddy's Labs, IndusInd Bank, Bajaj Finance, Power Grid, HDFC Life.

• Top Losers:
  Titan Company, TCS, Hindalco, Adani Ports, BPCL.

1. Vedanta:

   • Approved ₹8.5/share as its fourth interim dividend, totaling ₹3,324 crore.

2. HBL Power Systems:

   • Hit an all-time high after winning a mega Kavach order for Indian Railways.

3. Swiggy:

   • Shares soared as Axis Securities projected a 20% upside, up 45% from the listing price.

4. Afcons Infrastructure:

   • Reached a 52-week high on a ₹1,006 crore project win.

5. Aurobindo Pharma:

   • Goldman Sachs sees a +22% upside, keeping the stock in focus.

6. Wockhardt:

   • In clinical trials, Rose after its antibiotic Zaynich aided a liver transplant.

7. RITES:

   • Snapped its two-day losing streak after a ₹297 crore order win.

8. Premier Energies:

   • Partnered with Global Munition for defense and aerospace manufacturing.

9. Shrimp Farming Stocks:

   • Avanti Feeds and Kings Infra surged 5-6% on hopes of export growth.

10. SPARC:

    • Shares rose ahead of updates on its clinical programs and R&D pipeline this week.

11. LG Electronics:

    • Reportedly targeting a $15 billion valuation for its upcoming India IPO.

• HBL Power Systems: Strong growth potential with mega railway orders.

• Vedanta: Attractive dividend yield makes it appealing for investors.

• Aurobindo Pharma: Goldman Sachs' positive outlook signals upside potential.

• Shrimp Farming Stocks: Avanti Feeds and Kings Infra benefit from export optimism.

• Premier Energies: Strong prospects in defense and aerospace manufacturing.

Indian markets remained range-bound amid global uncertainty and investor caution. While sectors like Realty and Media provided a positive boost, IT, Metals, and Oil & Gas dragged indices lower. Realty outperformed on hopes of a demand revival and rate cut expectations. Positive PMI data reflects economic strength, offering long-term optimism for earnings recovery. Stock-specific news, like Vedanta's dividend and HBL Power's railway order, added momentum to the market. Investors now await the US Fed commentary for further direction.

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