HPCL Surges, Godrej Industries Hits All-Time High, GIC Re Falls on Stake Sale

Indian Markets Overview

• On September 4, the Sensex and Nifty 50 closed lower, ending Nifty’s 14-day winning streak below 25,200 due to profit booking. 
• FMCG, realty, and pharma sectors gained 0.5%, while auto, bank, energy, IT, and metal sectors fell 0.4% to 1%.
• The BSE Midcap index slightly declined, while the Smallcap index ended in the green.

Technical Outlook

Index	Outlook	Support Levels	Resistance Levels	Advice
Nifty	Bullish	25,100–25,000	25,300	Buying on dips is advised
Bank Nifty	Bullish	51,200–51,000	51,800	Buying on dips is advised

Stocks in Spotlight

• HPCL shares surged over 4% as declining crude prices reduced input costs, boosted margins, and increased potential for higher sales and revenues.

• Godrej Industries jumped over 14 percent to a new all-time high amid heavy trading volumes. More than 12 lakh shares were traded, exceeding the one-month daily average of four lakh shares by over 300 percent.

• GIC Re shares dropped 6% to Rs 397.50 as the government began selling a 7% stake via an offer for sale, with a floor price of Rs 395 per share.

News from the IPO world🌐

• Sebi keeps JSW Cement’s Rs 4,000-crore IPO in abeyance
• Bajaj Housing Finance announces Rs 66-70 price band for Rs 6,560 crore IPO
• Shree Tirupati Balajee Agro Trading IPO opens tomorrow

Daily Leader Board

Numbers to Track

Indices Name	Latest	% 1D	% YTD
10 Year Gsec India	7.0	1.6 %	6.1 %
WTI Crude (USD/bbl)	76	8.3 %	8.3 %
Gold (INR/10g)	70,880	0.1 %	13.6 %
USD/INR	83.90	0.0 %	1.0 %
Hang Seng	17,457	(1.1) %	4.0 %
Shanghai Composite	2,784	(0.7) %	(6.0) %
Dow Jones	40,937	(1.5) %	8.5 %
DAX	18,747	(1.0) %	11.8 %
FTSE 100	8,298	(0.8) %	7.5 %
Nikkei	37,048	(4.2) %	11.3 %
Straits Times	3,441	(1.1) %	6.5 %

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