Summary of the Day's Market Performance

Market Overview

• Sensex: Fell 105.79 points (-0.13%) to close at 80,004.06.

• Nifty: Declined 27.40 points (-0.11%) to settle at 24,194.50.

• BSE Midcap: Flat close, while Smallcap added 0.6%.

• Sectoral Highlights:

  • Top Gainers: FMCG, IT, Metal (up 0.5-1%).

  • Top Losers: Auto, Power, Pharma, Oil & Gas (down 1-1.5%).

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹1,157.70 crore (Net Buyers)

• Domestic Institutional Investors (DII): ₹-1,910.86 crore (Net Sellers)

FIIs turned buyers for the day, yet the sentiment remained cautious as DIIs booked profits.

• Global Weakness Weighs on Domestic Markets:

  • Weak European and Asian markets dragged Indian equities lower despite a firm opening.

• Investor Apprehension:

  • Concerns over persistent FII outflows for nearly two months and caution ahead of monthly derivatives expiry limited market movement.

• Stock-specific Action: Positive growth outlooks boosted select stocks, while others suffered from adverse governance and funding risk reports.

Parliament may clear a bill to raise the insurance FDI limit to 100%, and allow composite licenses According to news reports, the foreign direct investment (FDI) limit in the insurance sector will likely be raised to 100% from the current 74%.

Key Stock Movements and News

• Top Nifty Gainers: Britannia Industries, Asian Paints, Shriram Finance, Bharat Electronics, Infosys.

• Top Nifty Losers: Adani Enterprises, Adani Ports, UltraTech Cement, Sun Pharma, Bajaj Auto.

• Vedanta: Plans to invest $2 billion in Saudi copper projects to expand its global footprint.

• Suraksha Diagnostic IPO: Sets price band at ₹420-441 for its ₹846 crore issue.

• Adani Group Woes: Moody’s downgraded the outlook for 7 Adani companies to 'negative,' citing governance and funding risks.

• Angel One: Shares rose 4% after receiving SEBI approval for its mutual fund business.

• Triveni Turbine: Hit a record high, soaring 27.5% in two sessions, driven by promising growth prospects.

• Emcure Pharmaceuticals: Gained 10% following a Kotak upgrade to 'add,' with a projected 28% upside.

• Swiggy: Rose on UBS’s 'buy' initiation, estimating a 26% upside.

• Hitachi Energy: Zoomed 9% after securing a 6,000 MW renewable energy project.

• Ashoka Buildcon: Climbed 3% on bagging a ₹1,391 crore NHAI highway project.

• C2C Advanced Systems IPO: Listing postponed amid governance concerns.

• Triveni Turbine: Continued upside expected on robust growth prospects.

• Hitachi Energy: Promising renewable energy order book positions it for further gains.

• Angel One: New mutual fund business can unlock long-term value.

• Swiggy: Positive sentiment following UBS’s bullish coverage.

• Ashoka Buildcon: Strong order wins reinforce its growth trajectory in infrastructure.

Indian markets remained volatile, ending marginally lower as global weakness and caution ahead of expiry weighed on sentiment. While FIIs turned buyers for the day, concerns over Adani Group and persistent outflows kept investors wary. Select stocks in energy, infra, and renewable energy outperformed, driven by strong order flows and positive outlooks. The near-term trend hinges on global cues and domestic stability.

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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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