Stock Market Update | Nifty Flat, Auto Shares Gain, IT Weakens

Indian markets opened the week on a steady note, taking support from strong Asian cues. The Nikkei jumped 780 points, Hang Seng was up 133 points, and Dow futures were slightly positive. Gift Nifty is trading at 24,497, suggesting a stable start for Indian equities.

Market at a Glance

In the last session, Indian indices closed with very small gains:

• Nifty 50 rose by just 7 points
• Bank Nifty added 39 points
• Midcap and Smallcap indices gained 116 points

Experts say most negative factors are already known to the market, so the overall view remains positive.

Auto Stocks in Focus

Automobile shares were the highlight:

• Ashok Motors jumped 2.5%
• Mahindra & Mahindra gained 2%
• Maruti Suzuki added 0.5%
• Power Grid also moved higher

The rise came after the government announced GST benefits on bigger cars, which is expected to boost festive season demand.

IT Stocks Under Pressure

Technology stocks slipped after reports of possible new U.S. trade rules:

• ITC dropped 2%
• HCL Tech, Infosys, and TCS were down around 0.5% each

Gold, Silver & Currency

• Gold is steady near ₹1,10,085.00 per 10 gm
• Silver is strong at ₹1,25,000 per kg
• Natural gas fell 1.5%
• Rupee weakened further to ₹88 per US dollar, also falling against the euro, pound, and yen

What FIIs & DIIs Did

• Foreign investors (FIIs): Sold shares worth ₹1,327 crore
• Domestic investors (DIIs): Bought stocks worth ₹177 crore
• Volatility Index (VIX): Fell to 10.78, showing calm market conditions
• Put-Call Ratio: Slightly higher at 0.86, suggesting some put writing

Key Corporate News

• Vedanta outbid Adani to buy JP Associates for ₹17,000 crore, almost 50% more than its current value.
• Hyundai will cut car prices by up to ₹2.4 lakh, and M&M will also pass GST benefits to buyers.
• Adani Power to build a 570 MW hydro project in Bhutan.
• BHEL to partner with Singapore’s Horizon Fuel Cell for hydrogen-powered trains.
• CIGAL India launched Solar Krishi Vahini Yojana 2.0 for solar power projects.
• Prime Focus, a film and VFX company, got fresh investment of ₹146 crore from Ramesh Damani and Madhusudan Kela.
• PNB Housing Finance plans to raise ₹5,000 crore through bonds.
• NTPC Green to set up hydrogen fuel stations for upcoming hydrogen trains.

Pharma Update

The USFDA gave routine observations to some Indian drug makers:

• Dr. Reddy’s: 7
• Lupin: 2
• Zydus: 4
• Indo Pharma: 8

Analysts say these are regular checks, not major issues.

Outlook

Experts believe the overall market trend remains positive, led by auto and power stocks. IT may face short-term weakness, but no big negative news is seen as of now.