Daily Market Update

Market Recap

After a gap-down opening, Nifty traded range-bound between 24,200–24,300 during the first half of the session. As the day progressed, sharp selling pressure emerged, dragging the index below the 23,900 mark. Despite a small recovery in the final hour, the index eventually settled negative with a steep loss of 2.12 percent.

Sector Performance:

• Top Performers: Metal, Pharma

• Lagging Sectors: Banking, FMCG

Institutional Activity:

• FIIs: Net buyers of ₹1,962.80 crore

• DIIs: Net buyers of ₹790.16 crore

FII Index Futures (Net Contracts):

• Nifty: -20,624

• Bank Nifty: -8,138

• Fin Nifty: -39

• Midcap Nifty: -914

• Nifty Next 50: -33

Options Market Insights:

• Significant Call side OI: 24,200 Call

• Significant Put side OI: 23,500 Put

• Put-Call Ratio (PCR): 0.61

• Max Pain: 24,100

• VWAP Range: 23,765 – 24,170