Daily Report

Market Summary

The Indian market concluded with a mixed sentiment, as NIFTY 50 registered a slight dip while SENSEX posted a marginal gain. Market breadth was negative, with more declining stocks than advancing ones. Significant FII selling, largely absorbed by DIIs, suggests a cautious start to the day.

Key Takeaways

• NIFTY 50 closed slightly down (-0.11%), while SENSEX gained marginally (+0.06%).
• Market breadth was negative, with 34 declines against 22 advances.
• FIIs were net sellers with 5027.36cr outflow, offset by DII buying of 4301.18cr.
• NIFTY IT (-0.57%) and NIFTY Pharma (-0.50%) were among the notable sectoral losers.
• NIFTY Auto (+0.21%) and NIFTY Realty (+0.15%) showed minor gains.
• India VIX remained subdued at 12.7375.

Top Stories & Market Intelligence

• Macro & Policy - Economic Times

  RBI anticipated to hike interest rates amidst rising inflation and crude prices

• Global Cues - Reuters

  Indian markets influenced by mixed global cues; US bond yields and geopolitical tensions weigh on sentiment

• Earnings - Moneycontrol

  ESDS Software Solution reports 14% YOY profit increase, 7.3% revenue growth

• Sectoral - Economic Times

  IT sector shows mixed performance; Nifty IT declines while BSE IT gains, Realty sector rises most

• Corporate Actions - Business Standard

  Wheels India launches QIP with floor price of ₹2,197.10 per share

  WHEELS
• Stocks in Focus - Livemint

  PB Fintech shares fall 36% on IRDAI commission changes proposal

  POLICYBZAAR
• Macro & Policy - Business Standard

  India's CPI inflation projected to average 5.1%, Nomura anticipates breach of 6%

• Global Cues - Bloomberg

  Crude oil prices ease slightly on US-Iran negotiations; gold continues decline

Street Consensus & Brokerage Radar

Corporate Actions & Calendar