The Indian stock market remained volatile as foreign institutional investors (FIIs) continued to pull out funds, while domestic institutions offered support. Alongside, global developments – from Japan’s new Prime Minister to the ongoing U.S. shutdown – shaped investor sentiment. Here’s a comprehensive wrap of the latest updates spanning FII/DII activity, global cues, corporate earnings, orders/contracts, sectoral trends, and stock-specific moves.
- FIIs sold ₹1,583 crore worth of equities, extending their selling streak.
- DIIs provided support, buying ₹489 crore, cushioning market downside.
- Key global indicators:
- Crude oil at US$65.45 per barrel (supportive for India).
- Dollar Index at 97.77, showing strength in the greenback.
- Bond yield at 4.14%, reflecting global risk-off mood.
This contrasting flow highlights how FIIs remain cautious amid global uncertainty, while domestic players are keeping markets stable.
- Japan creates history as Sanae Takaichi becomes the country’s first female Prime Minister. Known for her easy monetary and fiscal stance, her appointment boosted the Nikkei index, signaling market optimism.
- China, Korea, Taiwan markets remained closed for holidays.
- In the U.S., government shutdown continues. A court filing has clarified that workers cannot be laid off during the shutdown, offering temporary relief.
- UCO Bank: Advances grew 16.67%, deposits rose 10.87%, total business up 13.29% YoY.
- AU Small Finance Bank: Deposits rose 20.8%, advances surged 22.4%.
- RBL Bank: Deposits grew 8%, CASA ratio fell 32% QoQ but rose 3% YoY.
- Yes Bank: Advances grew 6.5%, deposits up 7.1%.
- PNB: Total business rose 10.6%, domestic business up 10.4%.
- HDFC Bank: Advances grew 4.4% QoQ, 9.9% YoY. Deposits rose 15.1% YoY, 2% QoQ.
- Equitas SFB: Deposits rose 5.93% YoY, CASA deposits grew 13.67%; CASA ratio improved to 26.1%.
- Ujjivan SFB: Deposits rose 14.8%, advances by 14%.
- Suryodaya SFB: Deposits up 35%, advances up 23%, CASA grew 57%.
- Dhanlaxmi Bank: Business grew 17.5%, deposits up 16.9%, advances up 18.4%.
Banking names continued to show healthy loan growth, led by small finance banks, while deposit accretion remained strong.
- Lupin:
- Pithampur Unit-2 received OAI (Official Action Initiated) from USFDA with Form 483 citing four observations.
- Launched Liraglutide injection for Type-2 diabetes treatment.
- AstraZeneca: Received approval from CDSCO to import, sell, and distribute Trastuzumab deruxtecan for cancer treatment.
- Max Healthcare: Stock fell 3.95% to ₹1069.2 on weak sentiment.
Pharma stocks were mixed, with regulatory challenges balancing new product launches.
- D-Mart (Avenue Supermarts): Q2 revenue at ₹16,218 crore, store count rose to 432.
- Vedanta: Alumina production hit record high (+31% YoY), aluminum output steady at 617 KT.
- Bajaj Finance: Customer base jumped from 9.21 cr to 11.06 cr; loans up 26% to 1.21 cr.
- Hindustan Zinc: Metal production up 1% YoY, but refined lead production fell 29% YoY.
- Shobha Ltd: Sales rose 61.4% YoY to ₹1,902 crore but declined 8.5% QoQ.
- Trent Ltd: Revenue up 17% to ₹5,020 crore. Added 13 Westside stores and 40 Zudio stores.
- Tata Motors (JLR): Sales down 40% to ₹6,419 crore.
- TVS Motor: Acquired Engines Engineering (Singapore) and launched new variant of Raider bike.
- Bansal Wire: Gautam Budh Nagar plant temporarily shut due to fire; no casualties.
- Bank of Baroda: Extended credit line to Bondada, helping order book grow from ₹5,044 cr to ₹8,000 cr.
- Bajaj Housing Finance: AUM grew 24% YoY to ₹1.28 lakh crore; disbursements at ₹15,600 crore.
- L&T Finance: Loan book up 17%, disbursements rose 25%.
- Moil Ltd: Production up 3.8%, sales up 10.3%.
- L&T Construction: ₹2,500 crore metro rail systems order.
- BEL: ₹1,800 crore defense electronics order.
- BHEL: ₹1,200 crore thermal equipment order.
- IRCON: ₹950 crore railway electrification contract.
- RVNL: ₹850 crore signaling contract.
- KEC International: ₹1,000 crore transmission line project.
- Kalpataru Power: ₹700 crore infra order in Africa.
- Sterlite Tech: ₹500 crore fiber optic order.
- Tata Projects: ₹1,100 crore smart city order.
- Ceigall: Won two solar projects worth ₹1,309 crore in Maharashtra.
- Crystal Integrated: Secured ₹157 crore sanitation security orders.
- Ashok Leyland: Bagged bulk order for 1,200 buses.
- NBCC: Redevelopment project worth ₹600 crore in Delhi.
Top Gainers
- Shriram Finance +4% (technical breakout).
- Aditya Birla Lifestyle +11% (₹950 cr block deal).
- Nykaa +2% (strong Q2 update, GMV growth near 30%).
- Tata Steel +3.4%, Power Grid +3.2%, Hindalco +1.8%.
- Axis Bank +1.85%, Kotak Bank +1.8%, GAIL +2.1%.
- BEL +2.7% on defense order news.
Top Losers
- Max Healthcare –3.95%.
- Coal India –1.3%, Eicher Motors –1.15%.
- HDFC AMC –2.2% (muted inflows).
- Marico –1.8% (weak rural demand).
- Vedanta & Nazara also saw selling pressure.
- PLI Scheme Phase II: ₹25,000 crore for auto components.
- Green Hydrogen Mission: ₹15,000 crore subsidy approved.
- Digital India Expansion: ₹10,000 crore boost for IT firms.
- Defense Indigenization Drive: Positive for BEL, HAL, BEML.
- Affordable Housing Scheme extended, boosting NBCC, DLF, Godrej Properties.
- EV Subsidy Extension: Beneficiary stocks include Tata Motors, Hero Electric, Ather Energy.
- Solar Rooftop push: Supports Adani Green, Tata Power.
- Rail Infra Push under Gati Shakti: Positive for IRCON, RVNL, Titagarh Wagons.
- Banking & Financials: Strong loan growth and OFS activity kept the sector buzzing.
- IT Stocks: Selective buying ahead of Q2 results.
- Pharma & Healthcare: Mixed – regulatory hurdles for Lupin, product approvals for AstraZeneca.
- Auto & FMCG: Weak rural demand pressured stocks like Marico, while Tata Motors’ JLR sales disappointed.
- Metals & Cement: Positive momentum due to infra push and global demand.
- Digital Platforms & Telecom: Saw inflows, with Zomato and Nykaa in focus.
The Indian markets are navigating contrasting forces – FII outflows, global uncertainties, and corporate-specific developments. Positive cues like banking growth, infra contracts, and policy reforms are keeping investor confidence intact. Going ahead, all eyes will be on Q2 earnings, U.S. shutdown developments, and Japan’s policy direction under PM Sanae Takaichi.