Daily Market Update

Market Recap

08 Jul 2026, 01:53 AM By inStocks Research Desk

After a positive opening, Nifty witnessed buying momentum in the first half, pushing the index above the 24,500 mark. However, profit booking around the 24,530 level dragged the index below 24,400 in the latter half, and it eventually settled negative with a loss of 0.13 percent.

Sector Performance:

• Top Performers: IT, Consumer Durables

• Lagging Sectors: Metal, Realty

Institutional Activity:

• FIIs: Net buyers of ₹393.19 crore

• DIIs: Net sellers of ₹383.43 crore

FII Index Futures (Net Contracts):

• Nifty: 2,415

• Bank Nifty: -38

• Fin Nifty: 9

• Midcap Nifty: 48

• Nifty Next 50: 7

Options Market Insights:

• Significant Call side OI: 24,500 Call

• Significant Put side OI: 24,500 Put

• Put-Call Ratio (PCR): 0.90

• Max Pain: 24,400

• VWAP Range: 24,340 – 24,620

Sentiment:

Higher Call writing compared to Put writing → Cautious undertone