Sensex Today: Equity Inflows Surge to ₹42,672 Crore; Jefferies Bullish on BPCL, IOCL, and SBI as PSU Banks & Metals Shine
Indian markets witness strong equity inflows, oil & gas stocks rise, metals gain; Jefferies maintains 'buy' on BPCL, IOCL, SBI.
Sensex Today: Strong Equity Inflows, Brokerage Buys, and Sectoral Gains Drive Market Sentiment
Market Overview – August 11, 2025
After weeks of mixed performance, the Indian equity markets saw a surge in net equity inflows, improved sectoral performance in Oil & Gas and Metals, and renewed investor optimism backed by strong brokerage calls.
Surge in Equity Inflows Signals Renewed Confidence
Monthly Inflow Data Points
- Net equity inflows stood at ₹42,672 crore in August, nearly doubling from ₹23,568 crore in the previous month.
- Total AUM rose to ₹75.35 lakh crore from ₹74.40 lakh crore month-on-month (MoM).
Category-Wise Inflows
- Large-cap funds: ₹2,125 crore inflow vs ₹1,694 crore MoM.
- Mid-cap funds: ₹5,182 crore inflow vs ₹3,754 crore MoM.
This reflects broad-based investor participation with particular strength in mid-cap stocks, suggesting appetite for higher risk-reward opportunities.
Brokerage Highlights – Jefferies Remains Bullish
Oil & Gas – BPCL & IOCL Buy Ratings
Jefferies maintained its ‘Buy’ rating on BPCL and IOCL citing:
- ₹30,000 crore LPG subsidy as a major positive for profitability.
- ₹41,300 crore in incurred losses set to boost future earnings through recovery mechanisms.
- Ongoing benefits from strong marketing margins in the Oil Marketing Companies (OMCs).
Banking – SBI Buy Rating
For SBI, Jefferies reiterated its ‘Buy’ call with a target price of ₹970, highlighting:
- Q1 profits beating estimates due to higher treasury gains and lower operating expenses.
- Steady loan growth at 12% with NIM decline of only 10 bps QoQ, matching expectations.
- Stable asset quality, with a gross NPL ratio at just 1.8%.
- Retained RoA guidance at 1% and domestic NIM at 3%.
Sector Performance – Oil & Gas Lead Gainers
Top Gainers in BSE Oil & Gas (Intra-day)
| Company | CMP (₹) | Change (%) | Volume |
|---|---|---|---|
| Adani Total Gas | 593.55 | +1.55 | 36.19k |
| IOC | 141.10 | +0.86 | 421.39k |
| GAIL | 172.15 | +0.58 | 206.81k |
| Reliance | 1,373.50 | +0.41 | 604.69k |
| BPCL | 320.60 | +0.33 | 305.78k |
| ONGC | 233.20 | +0.04 | 71.25k |
Top Losers in BSE Oil & Gas (Intra-day)
| Company | CMP (₹) | Change (%) | Volume |
|---|---|---|---|
| Oil India | 420.75 | -2.54 | 35.95k |
| Hindustan Petroleum (HPCL) | 407.50 | -0.50 | 379.99k |
| Petronet LNG | 272.60 | -0.18 | 20.13k |
| IGL | 201.85 | -0.12 | 28.85k |
Nifty Metal Index Gains 0.5%
Top Gainers in Nifty Metal (Intra-day)
| Company | CMP (₹) | Change (%) | Volume |
|---|---|---|---|
| Adani Enterprises | 2,283.80 | +4.85 | 1.77m |
| Jindal Steel | 987.65 | +1.39 | 405.25k |
| JSW Steel | 1,058.50 | +0.89 | 508.68k |
| SAIL | 121.42 | +0.29 | 6.69m |
| APL Apollo | 1,586.90 | +0.27 | 133.72k |
Investor Sentiment – Balancing Optimism with Caution
The inflow surge suggests rising domestic investor confidence, but global cues remain mixed. With oil prices stabilizing and commodity demand strong, cyclical sectors could drive further gains.
Technical & Fundamental Outlook
- Sensex: Resistance near 81,000, support at 80,200.
- Nifty: Resistance at 24,500, support at 24,300.
- Oil & Gas valuations remain attractive, with PSU banks offering favorable risk-reward profiles.
