Market Opens Flat; Silver Hits Lifetime High Amid Global Volatility

Indian markets are expected to start the day on a cautious note as Gift Nifty indicates a flat opening, trading around 25,300 levels, up by nearly 9 points. The sentiment across Asian markets remains mixed, while Dow Jones futures are showing mild positivity following a sharp global recovery on Monday.

Silver Surges 7% in a Day, Hits Record High

The spotlight today remains on precious metals, particularly silver, which surged nearly 7% in a single session yesterday and has now broken its lifetime highs. The rally has triggered massive short covering in global markets, indicating that large institutional players — including hedge funds and global banks — are under heavy pressure due to the unexpected move.

Analysts warn that if silver continues its steep upward momentum, volatility across asset classes could increase sharply. Gold prices have also strengthened and are now trading close to ₹1,25,000 per 10 grams, while silver is hovering around ₹1,55,000 per kg in the Indian market.

Nifty and Bank Nifty Close Positive

Despite a minor correction, both Nifty 50 and Bank Nifty ended on a positive note in the previous session.

Nifty 50 closed 58 points lower, but managed to stay above 25,200, signaling strong market resilience.
Bank Nifty ended marginally higher by 15 points, maintaining overall strength.

The IT and financial sectors led Monday’s trade. L&T Finance, BSE, and Torrent Power were among the top gainers. Analysts continue to remain positive on KFin Technologies, citing its strong fundamentals, zero-debt structure, and steady business model.

Key Losers and Sector Highlights

Selling pressure was visible in select technology counters after reports of regulatory notices regarding insider trading in a few firms.
Vodafone Idea fell by 3.5%, while Avenue Supermarts (DMart) corrected after posting average results — a 5% growth with a stretched P/E ratio of 100, leading to expected profit booking.

FII-DII Activity and Market Indicators

Foreign Institutional Investors (FIIs) sold equities worth ₹240 crore, while Domestic Institutional Investors (DIIs) purchased around ₹233 crore on Monday.
The Volatility Index (VIX) rose from 10.10 to 11.01, indicating a rise in near-term volatility.
The Put-Call Ratio (PCR) dropped to 1.05, suggesting that markets may trade in a range-bound manner during today’s session.

Rupee Strengthens Against Major Currencies

The Indian Rupee gained ground against all major global currencies including the US Dollar, Euro, Pound, and Yen, signaling underlying strength in India’s macro setup.

Stock Split and Corporate Announcements

CAMS board approved a 1:5 stock split, subject to shareholder approval.
HCL Technologies reported flat profit growth with 11% revenue rise and a ₹12 dividend declaration.
Just Dial saw profits drop 22.5% due to a 35% fall in other income, despite higher revenues.
Anand Rathi Wealth posted 30% profit growth, 22.6% revenue rise, and announced a ₹6 dividend.
Landmark Cars reported strong quarterly updates with 35% rise in sales and 30% growth in revenues year-on-year.

Speculation Around RBL Bank

Market circles are abuzz with rumors that Emirates Group may acquire a 51% stake in RBL Bank. While the news remains unconfirmed, it has triggered heavy speculation, keeping the stock in the F&O ban list.

Meanwhile, KEC International secured ₹1,174 crore worth of fresh orders, pushing its FY25 order book beyond ₹14,000 crore.
Lodha Developers acquired 8.37 acres of land in Bengaluru for about ₹500 crore, and Aptus Value Housing saw BNP Paribas buying 3.34 lakh shares, while Morgan Stanley exited an equal quantity.

Block Deals and Bulk Sales

In notable institutional activity, CLSA sold 8.36 lakh shares of VWK, reducing its stake from 1.74% to just 0.19% after successive sales over the past two weeks.

Key Earnings to Watch Today

Investors are eyeing quarterly results from:
Tech Mahindra, ICICI Lombard General Insurance, ICICI Prudential Life, ABB, Sand DLM, IRB Infrastructure, Bank of Maharashtra, Persistent Systems, Leela Hotels, and Thyrocare.

Market Outlook

With Nifty weekly expiry scheduled for today, analysts expect heightened volatility during the second half of the session. The recent surge in precious metals could further influence market sentiment, while traders are advised to monitor support near 25,000 and resistance around 25,400 on Nifty.