Dear Trader…
Markets reversed Monday’s gains and lost nearly half a percent, continuing the prevailing corrective trend. After an initial downtick, the Nifty future moved in a narrow range and finally settled at 24,707.80 level. Most sectors ended in the red, with pharma, FMCG, and realty among the top losers.
Lingering uncertainty over the tariff situation, following recent statements from the US President, along with a lack of major positive surprises from the earnings season, has been weighing on market sentiment. All eyes are now on the outcome of the upcoming MPC meeting.
While the committee is expected to hold rates steady amid global uncertainties, the tone of their commentary will be crucial. Amid this corrective phase, select stocks across sectors are showing noticeable strength and offering buying opportunities. Participants should therefore maintain a stock-specific approach and focus on prudent position sizing.
Nifty futures opened at 24774 points against the previous close of 24793 and opened at a low of 24650 points. Nifty Future closed with an average movement of 133 points and a decline of around 85 points and 24707 points…!!
On the NSE, the midcap 100 index will decline 0.39% and smallcap 100 index is closing decline 0.16%. Speaking of various sectoral indices, the NSE saw gains in only Auto, Consumer Durables and Metal stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, October gold opened at Rs.1,01,133, fell from a high of Rs.1,01,223 points to a low of Rs.1,00,475 with a Decline of 326 points, a trend of around Rs.1,00,878 and September Silver opened at Rs.1,12,258, fell from a high of Rs.1,12,850 points to a low of Rs.1,12,005 with a rise of 598 points, a trend of around Rs.1,12,834.
Meanwhile, The FIIs as per Tuesday’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 9879.37 crore against gross selling of Rs 11847.14 crore. Thus, FIIs stood as net sellers of Rs 1967.77 crore in equities.
In the debt segment, the gross purchase was of Rs 2289.72 crore with gross sales of Rs 2615.91 crore. Thus, FIIs stood as net sellers of Rs 326.19 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 401.26 crore, they stood at net buyers in Debt-VRR segment at Rs 220.14 crore, while net sellers in Debt-FAR segment at Rs 947.59 crore.
In the hybrid segment, the gross buying was of Rs 23.52 crore against gross selling of Rs 69.42 crore. Thus, FIIs stood as net sellers of Rs 45.90 crore in hybrid segment.
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