The markets displayed a largely flat performance today, with minor declines in the benchmark indices as investors stayed cautious amidst mixed sectoral performances. Volatility continued to ease, reflecting reduced market anxiety.

Market Snapshot

• Nifty 50: 23,668 (-0.08%)

• Sensex: 78,148 (-0.06%)

• India VIX: 14.47 (-1.30%)

Sectoral Highlights

The day saw a mixed trend across sectors:

• Top Gainers:

• Oil & Gas (+2.97%)

• IT (+0.60%)

• FMCG (+0.44%)

• Top Losers:

• Consumer Durables (-2.16%)

• Healthcare (-1.09%)

• Pharma (-0.94%)

Top Movers

Gainers:

• CreditAccess Grameen: ₹2,274 (+16.01%)

• MMTC: ₹963 (+13.90%)

Loser:

• Dixon Technologies: ₹489 (-9.99%)

Key Developments

1. ONGC: Collaborates with BP Exploration to enhance oil and gas production at Mumbai High by 60% over the next decade.

2. Paisalo Digital: Announced servicing over 59 lakh customers and processing transactions worth ₹3,400 crore in the past two years.

3. Suven Life Sciences: Initiated Phase-1 trials for SUVN-I6107, aimed at addressing cognitive disorders.

4. Visaka Industries: Its ATUM Solar Roofs became the first integrated solar roof solution in India to achieve ALMM certification.

5. Suraj Estate Developers: Appointed three new directors and M/s Rathi & Associates as secretarial auditors for FY 2024-25.

6. KEC International: Bagged ₹1,136 crore in new orders, pushing its year-to-date order intake to ₹20,600 crore.

Global Economic Calendar

Key global events for the week include:

• US Non-Farm Payrolls Data

• European Central Bank Meeting Minutes

• India’s GDP and IIP Data

Market Performance Summary

While major indices remained range-bound, positive sentiment was visible in Oil & Gas, IT, and FMCG sectors, providing some support to the market. However, profit-booking in Consumer Durables and Pharma limited gains. The continued drop in India VIX suggests a stable outlook, but caution remains as global macroeconomic events unfold.

For a detailed analysis of today’s trends and sectoral outlook for the coming days, watch our exclusive YouTube video.

Stay informed. Stay ahead.