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Prestige Estates Launch & IndusInd CEO Exit Drive FII/DII Buying Surge

 

Prestige Estates Launch & IndusInd CEO Exit Drive FII/DII Buying Surge

Welcome to Markets Daily by Bajaj Broking, your go-to source for the latest market insights to stay ahead of the curve. Don’t forget to check out our Morning Podcast for more updates! 

Also Read: Stock Market Live Updates

Prestige Estates Launch & IndusInd CEO Exit Drive FII/DII Buying Surge

Global Markets Overview

Global equities stayed buoyant, led by gains in U.S. indices as Treasury yields eased and tariff flexibility from the White House boosted investor confidence. Markets now await key economic data including the Personal Consumption Expenditures (PCE) index, Q1 GDP, and U.S. job numbers.

Meanwhile, Asian markets traded mixed amid caution ahead of regional economic releases. Japan's Nikkei 225 rose 0.14%, while South Korea’s Kospi and Kosdaq slipped slightly. The Bank of Japan began its policy meeting, with rates likely to be maintained at 0.5%. China’s April PMI and Australia’s Q1 inflation are also on investors’ radar.

Also Read: IndusInd Bank’s Deputy CEO Arun Khurana Resigns After Rs 2,000 Crore Loss

PRESTIGE ESTATE LTD

Trade

1466.6-34.30 (-2.28 %)

Updated - 30 May 2025
1534.80day high
DAY HIGH
1458.70day low
DAY LOW
1214112
VOLUME (BSE)

Indian Markets Recap

On April 29, the Nifty experienced intraday volatility, briefly breaching recent highs but giving up gains to close flat. Market breadth favored the broader indices:

Sensex: +70.01 pts | 80,288.38

Nifty: +7.45 pts | 24,335.95

Nifty Midcap 100: +0.3%

Nifty Smallcap 100: +0.4%

Sectoral Performance:

Gainers: Nifty IT (+1.2%), Oil & Gas (+0.42%)

Losers: Metal & Pharma (-0.8%), Realty, FMCG, Auto (-0.2%)

Also Read: Government Eases Stance on Bancassurance, Life Insurers to Expand Safely

Today’s Market Outlook

Gift Nifty suggests a flat opening amid strong global cues. The Nifty is likely to consolidate between 24,100–24,550, reflecting the current phase of range-bound movement.

Nifty Intraday Levels:

Resistance: 24,460 / 24,550

Support: 24,210 / 24,100

Bank Nifty Intraday Levels:

Resistance: 55,730 / 56,000

Support: 55,050 / 54,730

Short-Term Technical View:

Nifty formed a small bearish candle post Monday’s rally, indicating a possible continuation of consolidation. Expect a trading range of 23,800 to 24,550, with stock-specific activity driving momentum during the Q4 earnings season.

Also Read: TPG Rise Climate to Offload 3.89% Stake in Tata Technologies

Key Corporate Highlights

Prestige Estates launched The Prestige City – Indirapuram with an estimated GDV of ₹9,000 Cr, post-RERA approval.

IndusInd Bank CEO, Sumant Kathpalia, resigned with immediate effect due to discrepancies in the derivatives portfolio.

FII/DII Activity

FIIs: Net bought ₹2,385.61 Cr

DIIs: Net bought ₹1,369.19 Cr

(Provisional data)

Global Highlights

U.S. indices extended gains:

Dow Jones: +0.8%

S&P 500: +0.6%

Nasdaq: +0.6%

Positive momentum was driven by easing bond yields and news of potential tariff relaxation by the White House. Notably, U.S. consumer confidence fell to its lowest since May 2020, adding a mixed tone ahead of upcoming macro data and mega-cap earnings from Microsoft, Meta, Apple, and Amazon.

What to Watch Today

Indian corporate earnings season (Q4 results)

U.S. macroeconomic releases: PCE, GDP, jobs data

Asian macro indicators: China PMI, Australia inflation

Geopolitical updates and tariff developments

Also Read: CESC Signs PPA for 300 MW Wind-Solar Hybrid Project at ₹3.81/kWh

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