* GIFT Nifty indicates a negative start for Indian markets, with Nifty futures trading at 23,338, reflecting a gap down opening.
* US stocks experienced a sell-off, with the S&P 500 erasing its 2025 gains due to inflation fears from a strong jobs report, impacting global market sentiment.
* Foreign institutional investors continued to sell, marking the sixth consecutive day of net selling, while domestic institutional investors bought equities worth Rs 3,961.92 crore.
Foreign Institutional Investors (FII): Net Sellers of Indian shares worth Rs 2254 crore.
Domestic Institutional Investors (DII): Net buyers up to the tune of Rs 3961 crore.
Equity indices have faced losses for three consecutive sessions, with notable declines in KPIT Tech (4.8%), Indusind Bank (4.2%), and Just Dial (3.8%) due to economic growth concerns.
* Indusind Bank has underperformed, dropping nearly 30% in three months, with critical support levels at ₹920 and 820, while resistance is at ₹966 and a reversal is possible above ₹1,000.
Standard Glass Lining shares are set to debut with a strong investor response, achieving an overall subscription of 185 times, indicating high demand.
Waaree Energies is set to acquire 100% of Enel Green Power India for Rs 792 crores, enhancing its revenue diversification and wind project execution capabilities.
Indobell Insulation shares are set to debut today with a grey market premium indicating an 85% increase over the issue price of Rs 46, suggesting strong market interest.
Oil prices have surged to a three-month high due to new U.S. sanctions on Russian oil producers, impacting global supply dynamics.
Gold prices remain stable at $2,690.49 per ounce amid uncertainty regarding the Trump administration’s policies and a strong U.S. employment report.
