Nifty (+0.5%) closed at 23,437 and Sensex (+0.4%) gained for a third straight session as worries over global uncertainty subsided. Bank Nifty outperformed with a robust +1.4% gain, closing at 53,118. Midcaps (+0.7%) and Smallcaps (+1.1%) continued their recovery momentum, showcasing broad market strength.
The advance-decline ratio was strongly in favor of the bulls at 4:1, with 1,682 stocks advancing versus 718 declining. Market volatility cooled off with the India VIX down -1.6% to 15.9 points, signaling improved investor confidence.
Sector Check ✅
🔼 Top Performers:
- PSU Banks (+2.45%) 🏦 – Continued their stellar run as sector leader.
- Oil & Gas (+1.3%) ⛽ – Crude price stability and capex plans drove interest.
- FMCG (+0.8%) 🍔 – Consumer staples saw renewed buying.
🔻 Top Losers:
- Auto (-0.4%) 🚗 – Slight profit booking after recent gains.
- Pharma (-0.2%) 💊 – Dragged by Lupin and Zydus patent case setback.
Market Flow 💰
🟢 FII Buying Power: Massive ₹3,936.42 cr inflow continued the positive streak.
🔴 DIIs Take Profits: Sharp ₹2,512.77 cr outflow as domestic institutions booked gains.
Top Gainers – NSE 500 📈
🔹 JBM Auto 🚛 (+11.2%) – Surged on Ministry’s plans to launch tender for 10,000 electric buses.
🔹 Gujarat Mineral Development 🏭 (+9.8%) – High volume rally with strong delivery buying.
🔹 DOMS Industries 📝 (+9.5%) – Continued momentum from recent highs.
🔹 Engineers India 🏗️ (+8.5%) – Strong order book and infrastructure push.
🔹 IndusInd Bank 🏦 (+7.1%) – Rebounded sharply after probe found lower financial impact than feared.
Top Losers – NSE 500 📉
🔻 Zydus Lifesciences 💊 (-6.9%) – Plunged after losing critical US patent case.
🔻 Shree Cements 🧱 (-5.1%) – Weak demand concerns weighed on performance.
🔻 Mahanagar Gas ⛽ (-4.8%) – Hit by government’s 18% cut in gas allocation.
🔻 Astrazeneca Pharma 💉 (-4.1%) – Global pressure and sectoral weakness.
🔻 Lupin 💊 (-3.9%) – Dropped following adverse US Federal Court patent ruling.
🔥 Stock Highlights
📉 Gensol Engineering ⚡ (-4.9%) – SEBI barred promoters Anmol and Puneet Jaggi from the market for alleged fund diversion and document falsification. Investigation found shocking revelations:
- Loans of ₹830 cr raised for 6,400 EVs, but only 4,704 actually purchased
- ₹43 cr diverted to buy luxury flat in DLF’s ‘The Camellias’
- Personal expenses including foreign exchange, golf equipment, jewelry, and even spa treatments
- Fake documents submitted to credit rating agencies
- Manufacturing plant inspections revealed minimal activity despite claims
Winning Stocks
📈 JBM Auto (+11.2%) and Olectra Greentech (+4.4%) – Surged after reports that the Ministry of Heavy Industries plans to launch a tender for 10,000 electric buses under PM E-DRIVE Scheme next month.
📈 Bajaj Electricals (+8%) – Jumped after signing a supply deal with a Slovakian maker of lighting control electronics.
📈 IREDA (+5.7%) – Strong Q4 results with revenue growth of 37.5% YoY to ₹1,914.7 crore and PAT surge of 48.7% to ₹501.6 crore. Net NPA improved to 1.3% in FY25 from 1.5% in FY24.
📈 IndusInd Bank (+7.1%) – Rebounded sharply after official probe found a lower ₹1,979 crore impact from derivative accounting discrepancies (just 2.27% of net worth) than market had feared.
Stocks Under Pressure
📉 City Gas Distribution – Mahanagar Gas (-4.8%) and others fell after government slashed APM gas allocation by 18-20%, bringing the total down to just 40% from 51% earlier, pressuring margins.
📉 Pharma Patent Losses – Lupin (-3.9%) and Zydus Lifesciences (-6.9%) tumbled after losing a US Federal Court patent case on Myrbetriq (overactive bladder treatment) to Astellas Pharma. Both companies generate quarterly sales of $30-35 million from this product in the US market.
Broad Market Movers
📈 ICICI Prudential (+3%) – Q4 net profit surged 1.2x YoY to ₹385.3 crore with 10.7% growth in premium income. VNB margin improved to 22.7% from 21.5% YoY.
📈 PB Fintech – Subsidiary PB Pay received RBI’s in-principle approval to operate as an online payment aggregator.
📉 Easy Trip Planners (-8%) – Plunged after ED raids on EaseMyTrip offices related to the Mahadev betting app case.
Volume Rockets 🚀
- Aegis Logistics (+5.3%) – Trading at 12x weekly average volume
- Olectra Greentech (+4.4%) – 8.4x weekly average volume
- IREDA (+5.6%) – 8x weekly average volume
Macro & Global 🌍
- European markets traded lower while US futures indicated a cautious start following US Commerce Department’s restrictions on AI chip exports to China.
- India-US bilateral trade talks set to begin in person next month.
- Ministry of Steel confirms steel safeguard duty coming soon, dismisses rumors of 20% hike.
📊 Quick Closing Print
| Index | Closing Level | Move |
| Nifty | 23,437 | 0.50% |
| Sensex | 77,044 | 0.40% |
| Bank Nifty | 53,118 | 1.40% |
| Nifty 500 | 21,404 | 0.60% |
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