Note: This content is for informational purposes and should not be considered financial advice. Always consult with a professional advisor before making investment decisions.
As the market gears up for today’s trading, GIFT Nifty signals a lukewarm opening. Global uncertainties and local market sentiments could dictate the pace. Here’s a quick snapshot of stocks and sectors that deserve your attention:
🔍 Key Stocks to Watch
- Exide Industries:
- Gaining traction for its EV battery ventures.
- Expansion in the green energy space makes it a hot pick today.
- Zodiac Energy:
- A leader in solar and wind energy solutions.
- Likely to gain from the renewable energy push.
- BASF India:
- Market buzz around rising global demand for specialty chemicals.
- Strategic projects could fuel investor confidence.
- Hyundai (Auto Sector):
- EV sales growth boosting India’s auto industry.
- Key updates on new launches expected.
💡 Trending Sectors
- Renewable Energy: A growing focus on clean energy investments.
- Automobiles: Strong EV adoption rates driving momentum.
- Financial Services: Banking stocks might sway the market.
📊 Market Sentiment
Domestic industrial production and inflation data remain key triggers.
Global inflation worries persist, impacting investor mood.
🔍 Market Trends and Insights
- Accenture delivered a stellar Q1 performance with elevated guidance and strong quarterly results, fueled by a surge in AI-powered tool demand. New bookings hit $18.7 billion, pushing Infosys ADR up by 3.4%.
- IOL Chemicals rallied 8.65% ahead of a board decision on a potential stock split. Similarly, SpiceJet surged nearly 9%, buoyed by the settlement of a $16 million dispute.
- The US economy showcased its resilience with a 3.1% GDP growth in Q3 2024, marking its strongest expansion this year. Despite this, FIIs remained net sellers, offloading ₹12,230.30 crore in just four sessions, amid Jerome Powell’s hawkish stance for 2025 and signs of India’s slowing growth.
📈 Currency Check
- The Indian rupee opened flat at ₹85.08/$, compared to the previous close of ₹85.07.
🚀 IPO Highlights
- International Gemmological Institute (IGI India): Set for mainboard debut today with expectations of robust listing gains.
- Nacdac Infra SME IPO recorded a historic 1,976x subscription, backed by soaring retail and non-institutional demand.
- Concord Enviro Systems IPO witnessed 59% subscription on its opening day, with retail portions fully booked.
🌎 Global Markets
- Asian markets opened lower, weighed down by the Federal Reserve’s hawkish stance.
🏭 Industry Updates
- Waaree Energies started trial production of its 1.6 GW solar module line in Texas.
- MTAR Technologies secured orders worth ₹226 crore, reinforcing its strong order book.
💰 Key Deals
DOMS Industries saw FILA sell a 2.29% stake, with Axis AMC acquiring ₹211.46 crore worth of shares.
Manoj Vaibhav Gems & Jewellers: Nalanda India Fund exited a 5.52% stake for ₹81.84 crore.
