Dear Trader…
The development made investors cautious, leading to a fall in benchmark indices on Monday. The Sensex dropped 511.38 points, or 0.62 per cent, to close at 81,896.79. During the intra-day, it moved between a high of 82,169.67 and a low of 81,476.76. Similarly, the Nifty future also ended in the red. It fell 118.40 points, or 0.47 per cent, to settle at 24,971.90. The index had touched an intra-high of 25,090 and a low of 24,825 during the session.
Interestingly, broader markets performed better than the frontline indices. The Nifty Midcap100 closed with a gain of 0.36 per cent, while the Smallcap100 rose 0.70 per cent. Out of the 30 stocks in the Sensex, HCL Tech, Infosys, Larsen and Toubro, Mahindra and Mahindra, Hindustan Unilever, and ITC were the biggest losers, falling between 2.28 per cent and 1.21 per cent.
On the other hand, Trent, Bharat Electronics, Bajaj Finance, Kotak Mahindra Bank, and Bajaj Finserv were the top gainers, rising between 3.39 per cent and 0.58 per cent. The market’s fear gauge, India VIX, which indicates volatility, rose by 2.74 per cent to 14.05 points.
The Nifty future recovered significantly after a gap-down opening amid weak geopolitical sentiment. A pullback in crude oil prices helped the Indian market pare some of its morning losses, although it still ended on a negative note.
Nifty futures opened at 24975 points against the previous close of 25111 and opened at a low of 24825 points. Nifty Future closed with an average movement of 265 points and a decline of around 118 points and 24993 points…!!
On the NSE, the midcap 100 index will decline 0.36% and smallcap 100 index is closing decline 0.70%. Speaking of various sectoral indices, the NSE saw gains in only Media, Consumer Durables, Metal, Oil & Gas and Pharma stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, August gold opened at Rs.1,00,021, fell from a high of Rs.1,00,475 points to a low of Rs.99,700 with a rise of 315 points, a trend of around Rs.1,00,248 and July Silver opened at Rs.1,06,495, fell from a high of Rs.1,07,000 points to a low of Rs.1,06,394 with a rise of 550 points, a trend of around Rs.1,06,774.
Meanwhile, FIIs stood as net buyers in equities as per June 23 data: NSDL The FIIs as per Monday’s data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 55362.77 crore against gross selling of Rs 45891.19 crore. Thus, FIIs stood as net buyers of Rs 9471.58 crore in equities.
In the debt segment, the gross purchase was of Rs 5458.62 crore with gross sales of Rs 4306.83 crore. Thus, FIIs stood as net buyers of Rs 1151.79 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 163.12 crore, they stood at net sellers in Debt-VRR segment at Rs 1326.17 crore, while net buyers in Debt-FAR segment at Rs 2641.08 crore.
In the hybrid segment, the gross buying was of Rs 55.28 crore against gross selling of Rs 66.78 crore. Thus, FIIs stood as net sellers of Rs 11.50 crore in hybrid segment.
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