Key Indices Performance
• Nifty 50: Closed at 23,213.20, up 0.16% (+36.25 points).
• Sensex: Closed at 76,724.08, up 0.29% (+220 points).
• India VIX: Declined by 1.37% to 15.26, signaling reduced market volatility.
Sectoral Highlights
Top Performing Sectors:
• Nifty Realty: +1.39%
• Nifty IT: +0.79%
• Nifty MidSmall Financial Services: +1.72%
Underperforming Sectors:
• Nifty Healthcare Index: -1.27%
• Nifty Media: -1.36%
The broader market exhibited a positive trend, with 1,535 stocks advancing and 1,252 declining on the NSE, reflecting steady buying interest across multiple sectors.
Top Movers
Gainers:
• Thermax: ₹4,069.90 (+8.94%)
• Newgen Software: ₹1,715.90 (+8.92%)
Losers:
• Kalyan Jewellers: ₹550.00 (-7.78%)
• Network18: ₹56.97 (-7.28%)
Stock-Specific Updates
1. NTPC: The top gainer in the Nifty 50, rose 4.01% to ₹322.85, supported by robust investor sentiment.
2. Trent: Gained 3.86% to ₹6,399, maintaining its upward momentum.
3. Power Grid: Increased 2.88% to ₹298.60, adding strength to the utilities sector.
On the losing side:
• Mahindra & Mahindra: Declined 2.90% to ₹2,961 amid profit booking.
• Axis Bank: Fell 2.53% to ₹1,025.
• Bajaj Finserv: Dropped 2.26% to ₹1,674.80.
Key Market Developments
1. Welspun Corp: Signed an MoU with Saudi Aramco to establish an LSAW Line Pipe manufacturing unit in Saudi Arabia, enhancing its global footprint.
2. Nazara Technologies: Subsidiary Fusebox Games partnered with Banijay Rights to launch a Bigg Boss interactive gaming experience.
3. Premier Energies: Secured solar PV cell and module orders worth ₹1,460 crore, a positive for the renewable energy sector.
4. KPI Green Energy: Bagged orders for 62.20 MW solar power projects under its CPP business segment.
5. NBCC (India): Received a ₹405.08 crore work order, further solidifying its position in the infrastructure sector.
6. Jammu & Kashmir Bank: Received a SEBI warning for delayed disclosure of its MD & CEO’s appointment.
Global Economic Calendar
• US Producer Price Index (PPI): Key inflation data expected, which could provide insights into Federal Reserve policy outlook.
• Eurozone Trade Balance: Market participants await updates on trade trends amid ongoing geopolitical concerns.
• China Industrial Production: Results may offer a glimpse into global manufacturing recovery.
Market Outlook
The market displayed resilience, supported by gains in the realty, IT, and financial services sectors. Reduced volatility (India VIX at 15.26) and positive global cues added to the sentiment. While some sectors, like healthcare and media, faced selling pressure, the broader market breadth remained moderately positive.
Angeeras Securities 