Summary of the Day's Market Performance

Market Overview

• Sensex: Plummeted 1,048.90 points (-1.36%) to close at 76,330.01.

• Nifty: Dropped sharply by 345.55 points (-1.47%) to end at 23,085.95.

• Midcap and Smallcap Indices: Both declined by 4%.

• Sectoral Performance:

  • All sectors ended in the red, led by Realty (down 6.5%) and Oil & Gas, Capital Goods, Power, PSU, Metal, and Media (each down 3-4%).

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-4,892.84 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹8,066.07 crore (Net Buyers)

FIIs aggressively sold positions, while DIIs stepped in with strong buying.

1. Global Market Sell-off:

   • Strong US payroll data dampened rate-cut expectations for 2025, strengthening the dollar and pushing bond yields higher.

2. Weak Rupee:

   • The rupee weakened by 60 paise to close at 86.61, marking its lowest level, pressured by higher crude prices above $81/barrel and geopolitical concerns.

   • Expected range: Support at 87.00, resistance near 86.25.

3. Earnings and Valuations:

   • Slowing earnings growth and GDP downgrades amidst elevated valuations further pressured sentiment.

4. Near-term Volatility:

   • Key triggers: 2025 Budget, Q3 earnings, RBI policy, and global uncertainties tied to Trump's policies.

Why Does a Strong Dollar Impact Emerging Markets?

• A stronger dollar makes USD-denominated debts costlier, leading to capital outflows from emerging markets.

• This reduces liquidity, pressuring equities and currencies in developing economies like India.

Key Stock Movements and News

• Top Gainers:

  • TCS, IndusInd Bank, Axis Bank, HUL.

• Top Losers:

  • Trent, Adani Enterprises, Bharat Electronics, BPCL, Adani Ports.

1. Afcons Infra:

   • Emerged as the lowest bidder for ₹4,800 crore Pune road projects, distributed under two packages.

2. Paytm:

   • Shares fell 6%, extending a 20% decline over five sessions due to reports highlighting stagnant UPI market share.

3. IREDA:

   • Targets ₹4,500 crore QIP in Q4FY25 as part of its fundraising plans. The government may dilute up to 7% of its stake.

4. Shriram Finance:

   • Gained after Motilal Oswal's 'Buy' rating, with a target price of ₹700.

5. Just Dial:

   • Shares dropped nearly 8% following a 15% QoQ decline in Q3 net profit.

6. Standard Glass Lining:

   • Debuted at a 23% premium over its IPO price, listing at ₹176/share, with a market cap of ₹3,511.05 crore.

1. TCS: Defensive play amid volatility; consistent Q3 performance sustains its positive momentum.

2. Shriram Finance: Attractive valuation with upside potential per Motilal Oswal’s rating.

3. Afcons Infra: Positive sentiment around its ₹4,800 crore road project wins.

4. Paytm: High volatility expected; monitor closely for reversal signals post recent declines.

The market witnessed heavy selling amid global uncertainties, a strengthening dollar, and weak domestic cues. Broader indices fell sharply, with the Realty and Oil & Gas sectors leading the declines. The rupee's sharp depreciation and rising crude prices further exacerbated concerns. While FIIs continued to sell aggressively, DII support cushioned some losses. Investors remain cautious ahead of key triggers like Q3 earnings, RBI policy, and the 2025 Budget. Defensive plays such as TCS and stocks with specific positive news like Afcons Infra and Shriram Finance stand out amid the turbulence.

😊Thank you for subscribing to our Market Wrap-Up. Stay tuned for tomorrow's update.

Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.