News & Market Impact

• FII Sell-Off: Foreign Institutional Investors (FIIs) turned heavy sellers, offloading over ₹10,000 crore – the largest single-day outflow since February 28, 2025. This is attributed to anticipated MSCI index rebalancing.
• Geopolitical Tensions: Crude oil prices spiked 2% to above $66/bbl following reports of a potential Israeli strike on Iranian nuclear facilities, contributing to global market volatility.
• US Dollar Index: Declined to a two-week low, dropping below the 99 mark – a positive cue for emerging markets like India.
• Block Deal: KPR Mills saw a ₹1,196 crore block deal, as promoters plan to sell up to 3.2% stake.

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📈 Market Outlook Today

Markets are expected to open flat to mildly positive, supported by optimistic earnings and a positive start in Gift Nifty (up 28 points or 0.1%). However, broader sentiment remains cautious due to:

• Sharp FII outflows
• Geopolitical uncertainty
• Softness in global cues, especially from the US markets

Despite a 1% drop in Nifty yesterday due to profit booking, underlying sentiment is constructive. Positive monsoon forecasts and a series of strong corporate earnings are likely to offer support.

Strong Q1 Results Reported By:
Gland Pharma, Dixon Technologies, Fortis Healthcare, United Spirits, Aster DM, Torrent Pharma, Whirlpool, Zydus Lifesciences, Man Infraconstruction, Solar Industries, Hindalco

Results To Watch Today:
ONGC, PFC, Mankind Pharma, RVNL, Colgate Palmolive, Oil India, UNO Minda, Astral Ltd, National Aluminium, Ircon International, Trident, Va Tech Wabag

Actionable Buy Ideas: Coal India, DLF, PNB, Dixon Tech, BEL

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💼 Sectoral Watch

• Realty: Positive sentiment post strong earnings from DLF
• Metals: Bullish outlook as China cuts prime lending rate by 10bps
• Defence: Rebound likely after recent 5-7% dip
• Cement: Government’s infra push may drive momentum

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🌏 Global Market Overview

Asia: Mixed cues with Japan, South Korea, and Australia gaining; overall regional index up 0.4% amid Middle East tensions.

US: Ended a 6-day rally with 0.3% decline in Dow and Nasdaq due to profit-taking and fiscal concerns.

Europe: Markets rose for the 4th straight session; Renewables rally on project approval off New York coast. Major indices gained up to 0.7%.

Gold: Surged 2% to above $3300/oz on global economic worries and geopolitical risks.

Brent Crude: Spiked 2% on reports of potential Israeli military action in Iran.

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📊 Previous Day Recap

• Sensex: -872 pts (-1.1%) at 81,186
• Nifty: -261 pts (-1.05%) at 24,683

Indices dropped due to broad-based profit booking post a 4% rally last week. Weak global cues, MSCI fears, and lack of fresh triggers added pressure.
Advance/Decline ratio (Nifty 500): 1:4

• FIIs: Net sellers ₹10,016 crore
• DIIs: Net buyers ₹6,738 crore

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🔧 Technical View

Nifty Levels:

• Support: 24,550–24,444
• Resistance: 24,850–25,000
  Bearish candle on daily chart; below 24,850 may see further selling pressure.

Bank Nifty Levels:

• Support: 54,500–54,250
• Resistance: 55,000–55,555
  Rangebound between 54,500–55,500; needs to sustain above 55,000 for momentum.

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🏦 Brokerage Radar

• Torrent Pharma: Citi ₹4,000 | Jefferies ₹3,740
• Zydus Life: Citi ₹900 | JP Morgan ₹1,000
• Hindalco: Citi ₹800 (from ₹725), JP Morgan ₹720
• Dixon Tech: HSBC ₹20,000 | Jefferies ₹13,300
• DLF: Jefferies ₹1,000
• Infosys: Nomura ₹1,720
• Sun Pharma: Macquarie ₹2,135
• Amber Enterprises: CLSA ₹7,275
• Premier Energies: JP Morgan ₹1,013
• Restaurant Brands Asia: CLSA ₹117

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📰 Corporate Highlights

• IPO Watch: Coal India subsidiaries BCCL & CMPDI to file IPO papers soon.
• Deals & Fundraising:
  • Nazara acquires UK-based Curve Games
  • IDFC First Bank to raise ₹7,500 crore
  • PNB Housing Finance to raise ₹400 crore
  • SBI to raise $3 billion via foreign bonds
• Growth & Expansion:
  • Tata JLR to double India business in 3–4 years
  • Waaree Energies acquires transformer firm for $34 million
  • Airtel to offer Google One subscription to postpaid users
• Innovation & ESG:
  • Lupin to use Honeywell Solstice Air Propellant
  • Unicommerce partners with Tata 1mg

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📅 Corporate Actions

• Colab Platforms Ltd: Stock split from ₹2 to ₹1
• Page Industries: Interim Dividend of ₹200/share

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🌐 Global Data Watch

• US: MBA Mortgage Applications
• UK: CPI, RPI inflation data