Daily Market Update

Market Recap

On Thursday, Nifty opened with a gap-down and witnessed an initial recovery but faced resistance near the 24,000 mark. Profit booking thereafter dragged the index towards the 23,800 level. Buying interest emerged from the intraday lows in the latter part of the session, helping the index recover part of its losses. However, Nifty eventually settled negative with a loss of 0.53 percent.

Sector Performance:

• Top Performers: Auto, Media

• Lagging Sectors: Realty, Chemicals

Institutional Activity:

• FIIs: Net sellers of ₹2,999.23 crore

• DIIs: Net buyers of ₹2,947.14 crore

FII Index Futures (Net Contracts):

• Nifty: -8,228

• Bank Nifty: -2,779

• Fin Nifty: -90

• Midcap Nifty: -277

• Nifty Next 50: -4

Options Market Insights:

• Significant Call side OI: 24,000 Call

• Significant Put side OI: 23,500 Put

• Put-Call Ratio (PCR): 0.68

• Max Pain: 24,000

• VWAP Range: 23,700 – 24,035