Summary of the Day's Market Performance

• Sensex closed down by 836.34 points (-1.04%) at 79,541.79, while Nifty declined 284.70 points (-1.16%) to settle at 24,199.30.

• BSE Midcap and Smallcap indices both shed 0.5%.

• Sector Highlights: All sectors are closed in red. Auto, Metal, Power, Telecom, Pharma, and Realty led the losses, declining between 1% and 2%.

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-4,888.77 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹1,786.70 crore (Net Buyers)

Foreign Institutional Investors (FII) maintained strong selling momentum, while Domestic Institutional Investors (DII) showed limited buying support.

• Rupee Weakness and US Dollar Strength: A continued FII exodus followed the rupee’s dip to fresh lows amid US dollar strength.

• US Fed Policy Uncertainty: Investor caution ahead of the US Federal Reserve’s policy decision kept equity bets restricted as concerns about inflation impacted rate-cut expectations.

• MSCI Index Update: Stocks like BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty have been added to the MSCI Global Standard Index, a development that could positively impact institutional inflows.

Key Stock Movements and News

• Top Gainers: Apollo Hospitals, HDFC Life, SBI, TCS, L&T.

• Top Losers: Hindalco Industries, Trent, Shriram Finance, Tech Mahindra, Grasim Industries.

• Paras Defence: Secured a ₹61.43 crore order from the Ministry of Defence.

• Adani Energy Solutions (-9%): Dropped as MSCI sought clarity on the free float.

• Hindalco (-8%): Declined following weak Q2 results from its US unit Novelis.

• Shakti Pumps (+5%): Upper circuit after winning a ₹116 crore order from the Haryana government.

• Jet Airways (-5%): Lower circuit as Supreme Court ordered business wind-up.

• Page Industries (+2%): Declared a second interim dividend of ₹250 per share.

• TCS: Signed a multi-year data-driven aviation deal with Air France-KLM.

• Hindalco: Near-term headwinds from Novelis results, yet worth monitoring for recovery potential.

The market slipped as FII outflows continued amid a declining rupee and global uncertainties. Sectoral downturns were broad-based, with metal and auto stocks hit hardest. Investor focus now remains on the US Fed's policy stance, as near-term volatility is expected to persist.

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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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