Summary of the Day's Market Performance

Market Overview

• Sensex: Gained 809.53 points (+1.00%) to close at 81,765.86.

• Nifty: Rose 240.95 points (+0.98%) to settle at 24,708.40.

• Midcap & Smallcap Indices: Posted marginal gains.

• Sectoral Highlights:

  • Top Gainer: IT sector, up 2%, led by heavyweight stocks.

  • Top Losers: Realty and PSU Bank indices slipped marginally.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹+8,539.91 crore (Net Buyers)

• Domestic Institutional Investors (DII): ₹-2,303.64 crore (Net Sellers)

Foreign investors supported the rally, expecting a dovish monetary policy by the RBI.

• Domestic Trends:

  • Positive sentiment was fueled by a rebound in FII inflows and a stable November services PMI, reflecting business activity resilience despite rising inflation.

• Global Cues:

  • Stability in global markets aided gains, with optimism around easing monetary policies globally.

What is a QIP (Qualified Institutional Placement)?

A QIP is a fundraising mechanism wherein companies issue equity shares, fully or partly convertible debentures, or other securities to qualified institutional buyers. It helps listed companies raise capital quickly without undergoing lengthy regulatory processes.

Key Stock Movements and News

• Biggest Nifty Gainers: TCS, Infosys, Titan Company, Trent, Dr. Reddy's Labs.

• Biggest Nifty Losers: SBI Life Insurance, Bajaj Auto, HDFC Life, NTPC, Grasim Industries.

• Genus Power: Shares hit the lower circuit after Enforcement Directorate search operations.

• Zen Tech: Shares soared on a strategic partnership with a Florida-based simulation company.

• Vishal Mega Mart IPO: Rs 8,000-crore IPO to open on December 11.

• Bondada Engineering: Stock surged after securing a ₹1,089 crore order.

• Zomato: Hit an all-time high, crossing the ₹300 mark for the first time.

• PG Electroplast: Climbed to a record high following the launch of a ₹1,500 crore QIP.

• HEG: Shares rose after a ₹172 crore block deal.

• Indus Towers: Stock surged after Vodafone Group Plc's exit via a ₹2,802 crore block deal.

• Zomato: Strong momentum after crossing ₹300; analysts project further upside.

• Zen Tech: Positive outlook following a strategic international partnership.

• Indus Towers: Strength expected after Vodafone Group's exit brings clarity.

• PG Electroplast: Continues to gain traction following QIP launch.

• Bondada Engineering: Outlook bolstered by recent order wins.

Indian markets maintained a bullish stance, driven by robust FII inflows and resilience in the domestic economy. IT stocks led the charge, supported by global cues and positive sentiment around India's monetary policy outlook. As broader markets continue to reflect strength, all eyes are now on the upcoming RBI policy updates.

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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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