Dear Trader…
Markets started the week on a positive note, gaining over half a percent amid mixed cues. Despite a weak handover from the U.S. markets, the Nifty future opened slightly in the green and gradually moved higher throughout the session, eventually settling near the day’s high at 24,793.10. Sector-wise, most indices contributed to the rebound, with metals, realty, and auto emerging as the top gainers. The broader markets also found some relief after the recent correction, as both the midcap and smallcap indices posted gains of nearly 1.5%.
A recurring pattern observed in recent weeks is that the benchmark tends to trade with a positive bias during the first half of the week, only to witness renewed selling pressure in the latter half. Hence, participants should avoid reading too much into a single-day rebound or pause and instead focus on the sustainability of the move. Despite the volatility, there continues to be no dearth of trading opportunities across sectors. Traders are advised to align their positions accordingly, with a strong emphasis on stock selection and effective trade management.
Nifty futures opened at 24630 points against the previous close of 24627 and opened at a low of 24630 points. Nifty Future closed with an average movement of 182 points and a rise of around 165 points and 24793 points…!!
On the NSE, the midcap 100 index will rise of 1.40% and smallcap 100 index is closing rise of 1.27%. Speaking of various sectoral indices Only FMCG stocks were seen selling on the NSE, while all other sectoral indices closed higher.
At the start of intra-day trading, October gold opened at Rs.99999, fell from a high of Rs.1,00,850 points to a low of Rs.99939 with a rise of 991 points, a trend of around Rs.1,00,745 and September Silver opened at Rs.1,10,579, fell from a high of Rs.1,12,183 points to a low of Rs.1,10,579 with a rise of 1542 points, a trend of around Rs.1,11,780.
Meanwhile, The FIIs as per Monday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL.
In equity segment, the gross buying was of Rs 12007.26 crore against gross selling of Rs 13452.70 crore. Thus, FIIs stood as net sellers of Rs 1445.44 crore in equities. In the debt segment, the gross purchase was of Rs 3631.12 crore with gross sales of Rs 1868.45 crore. Thus, FIIs stood as net buyers of Rs 1762.67 crore in debt.
Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 1954.29 crore, they stood at net buyers in Debt-VRR segment at Rs 453.32 crore, while net sellers in Debt-FAR segment at Rs 644.94 crore.
In the hybrid segment, the gross buying was of Rs 9.21 crore against gross selling of Rs 17.44 crore. Thus, FIIs stood as net sellers of Rs 8.23 crore in hybrid segment.
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