🌏 Global Markets Begin the Week on a Positive Note | Gift Nifty Up 77 Points
Global markets opened on a positive note this Monday, setting a strong tone for the week ahead. The optimism is largely driven by encouraging signals from ongoing US-China trade talks, which have reignited global investor confidence.
📊 Global & Domestic Market Overview
Gift Nifty traded 77 points higher, indicating a strong start for Indian equities. The Hang Seng index gained 220 points, Nikkei surged 1164 points, and Dow Jones futures were also trading positive.
At the time of writing, Gift Nifty hovered around 25,921, about 112 points above the previous Nifty 50 close. On Friday, the Nifty 50 had slipped 96 points, while the Bank Nifty lost 378 points. Both Midcap and Smallcap indices ended the previous session in the red.
⚠️ Key Technical Levels to Watch
The Nifty 50 closed near its critical trendline support on Friday — a make-or-break level for short-term traders.
If this support fails, analysts warn of a possible correction in the coming sessions.
“Market closings are far more important than openings. A euphoric start can be misleading, but the closing reveals the true sentiment of the day,” said a senior market analyst.
📈 Top Gainers & Losers from Last Session
Top Gainers:
- Saman Capital (+8%)
- HCL (+4%)
- NALCO (+3.5%)
- Cholamandalam Investment (+2%)
Top Losers:
- Supreme Industries
- Astral
Despite lower crude oil prices, stocks like Astral and Supreme Industries struggled. Analysts attribute this weakness to strong competition from local plastic pipe manufacturers, which are offering similar products at better margins.
💹 Market Insights & Analyst Take
According to market experts, branded pipe manufacturers such as Astral and Supreme are losing ground in price-sensitive markets, as local distributors push unbranded alternatives with higher profit margins.
Meanwhile, HUL slipped 3% after weak quarterly results, while MCX declined 2.5% due to profit booking — though analysts remain bullish on its long-term growth trajectory.
In the commodities space, gold and silver are expected to witness short-term retracement, natural gas fell 5%, and crude oil prices softened slightly.
💱 Currency & FII/DII Data
The Indian Rupee strengthened slightly against the British Pound and Japanese Yen, stayed almost flat against the US Dollar, and weakened marginally against the Euro.
FIIs were net buyers worth ₹621 crore, while DIIs also bought equities worth ₹173 crore, reflecting continued domestic support.
The India VIX eased to 11.6, indicating low volatility in the near term.
🧾 Corporate Results & Announcements
- SBI Life Insurance: Profit declined 6.6%, though premium income grew, suggesting healthy insurance demand.
- Coforge: Profit rose 86%, revenue up 32%, announced an interim dividend of ₹4 per share.
- eClerx: Reported 30.6% profit growth, 20.8% rise in revenue, and a ₹300 crore buyback at ₹4,500/share.
- NCC: Secured a ₹6,800 crore contract from Central Coalfields, Jharkhand.
- GPT Infra: Won ₹195 crore order for conveyor belt systems.
- EPACK Prefab: Bagged ₹130 crore contract for pre-engineered steel buildings in Nagpur.
- Vikram Engineering: Awarded ₹354 crore solar project in Maharashtra.
🤖 Reliance Enters AI Space
In a major development, Reliance Industries has incorporated a new subsidiary named Reliance Enterprises Intelligence, marking its entry into the artificial intelligence sector.
Reliance will hold 70% stake, while Meta (Facebook) will own 30% — a move seen as a strong push toward AI innovation.
⚠️ Negative Developments
- Sigachi Industries: Profit dropped 51%, revenue down 11%; stock may remain under pressure.
- RailTel: Lost its ₹200 crore Bihar Education Project after cancellation by the Bihar Education Project Council.
- Thyrocare: Promoter Dacon Technologies sold 51.6% stake, offloading shares worth ₹1,252 crore.
🏢 Stocks to Watch Today
Adani Energy Solutions, Indian Oil, Indus Towers, Canara HSBC Life, JK Tyre, Mahindra Logistics, PNB Housing, Raymond, SRF, Supreme Industries, and Tata Investment Corp are likely to remain in focus today amid earnings season.
Supreme Industries’ sharp fall ahead of results suggests possible insider exit — something traders should keep an eye on.
📉 F&O Ban Stocks
- Saman Capital
- SAIL
