Dear Trader…
Markets traded range-bound but managed to close marginally in the green, taking a breather after Tuesday’s decline. Following an initial uptick, the Nifty future oscillated within a narrow range and eventually settled at 24,729. A mixed trend across sectors kept traders engaged, with metals and energy ending higher, while realty and financials closed in the red.
This pause in the index can largely be attributed to the stability in banking stocks and a noticeable cool-off in the India VIX. However, participants are advised not to read too much into this move and should maintain a cautious stance ahead of the weekly expiry on Thursday. Additionally, focus should remain on a stock-specific trading approach, given the rotational buying observed across various themes.
Nifty futures opened at 24710 points against the previous close of 24675 and opened at a low of 24637 points. Nifty Future closed with an average movement of 123 points and a rise of around 54 points and 24729 points…!!
On the NSE, the midcap 100 index will rise 0.71% and smallcap 100 index is closing rise 0.79%. Speaking of various sectoral indices only Realty stocks were seen selling on the NSE, while all other sectoral indices closed higher.
At the start of intra-day trading, August gold opened at Rs.98012, fell from a high of Rs.98266 points to a low of Rs.97679 with a rise of 301 points, a trend of around Rs.98022 and July Silver opened at Rs.1,01,331, fell from a high of Rs.1,01,663 points to a low of Rs.1,00,720 with a Decline of 186 points, a trend of around Rs.1,01,030.
Meanwhile, The FIIs as per Wednesday’s data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 17396.95 crore against gross selling of Rs 20691.97 crore. Thus, FIIs stood as net sellers of Rs 3295.02 crore in equities.
In the debt segment, the gross purchase was of Rs 1808.07 crore with gross sales of Rs 5593.12 crore. Thus, FIIs stood as net sellers of Rs 3785.05 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 128.24 crore, they stood at net sellers in Debt-VRR segment at Rs 690.69 crore, while net sellers in Debt-FAR segment at Rs 3222.6 crore.
In the hybrid segment, the gross buying was of Rs 12.51 crore against gross selling of Rs 16.46 crore. Thus, FIIs stood as net sellers of Rs 3.95 crore in hybrid segment.
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