The Indian stock market showed mixed momentum today, with the benchmark indices closing marginally higher. While some sectors and stocks recorded significant gains, others faced a slight downturn amidst market volatility.

Indices Performance

• Nifty 50: 24,467 🔼 0.04%

• Sensex: 80,956 🔼 0.14%

• India VIX: 14.45 🔼 0.56% (indicating slightly higher market volatility)

Sectoral Highlights

Top Gainers:

• Nifty PSU Bank: 🔼 2.25%

• Nifty Realty: 🔼 2.14%

• Nifty Financial Services: 🔼 1.10%

Top Losers:

• Nifty Energy: 🔻 0.73%

• Nifty FMCG: 🔻 0.73%

Top Movers

Gainers:

• HEG: ₹581 🔼 16.20%

• KEC International: ₹1,240 🔼 13.34%

Loser:

• Adani Green: ₹1,260 🔻 3.96%

Key News and Developments

• SUZLON: ₹67.72 🔼 3.55% Expanded partnership with Jindal Renewables for a 302.4 MW wind project.
• THYROCARE: ₹1,020.75 🔼 0.73%
Invested $1 lakh in its Tanzania joint venture for diagnostics.
• NAZARA: ₹1,024.90 🔼 0.68%
Signed an LOI with Lysto to introduce blockchain applications.
• MPHASIS: ₹3,017.70 🔻 0.04%
Launched a Cyber Fusion Center in Bangalore.
• LTTS: ₹5,300.85 🔻 0.30%
Secured a $50M deal for North American product integration services.
• AIAENG: ₹3,496.50 🔻 0.33%
Approved for a 4.3% anti-dumping duty, with a final decision expected by mid-2025.
• APLLTD: ₹1,094.50 🔻 0.44%
Received US FDA approval for Olopatadine eye solution.
• BHARTIARTL: ₹1,584.10 🔻 2.25%
Signed a multi-billion-dollar 4G & 5G extension deal with Ericsson.
• CYIENTDLM: ₹693.10 🔻 2.42%
Entered an MoU with Arcedo Systems for a 500 kWh solar plant in Mysore.

FII Activity

• Foreign Institutional Investors (FII): Net buyers of ₹1,797 crore.

Outlook for Tomorrow

Expect the markets to remain volatile, with a potential upward bias, driven by strong FII buying and sectoral momentum in banks and real estate.

Global Economic Calendar

• ECB Rate Decision: Expected signals for a potential rate cut.

• US Trade Balance: Insights into global trade flow trends.

• China Inflation Data: Key for commodity and energy markets.

For a detailed analysis of resistance and support levels, watch our latest technical breakdown on YouTube.

Stay tuned for tomorrow’s updates!