Daily Market Update

📈 Market Recap:

16 Mar 2026, 03:11 AM By InStocks Research Desk

After a gap-down opening, Nifty faced selling pressure and traded with a negative bias throughout the session, eventually settling with a sharp loss of 2.06 percent.

📊 Sector Performance:

• Top Performers: FMCG, Realty

• Lagging Sectors: Metal, PSU Bank

💰 Institutional Activity:

• FIIs: Net sellers of ₹10,716.64 crore

• DIIs: Net buyers of ₹9,977.42 crore

📉 FII Index Futures (Net Contracts):

• Nifty: -33,748

• Bank Nifty: 116

• Fin Nifty: 36

• Midcap Nifty: -540

• Nifty Next 50: -77

🔍 Options Market Insights:

• Significant Call side OI: 23,500 Call

• Significant Put side OI: 23,000 Put

• Put-Call Ratio (PCR): 0.58

• Max Pain: 23,500

• VWAP Range: 22,975 – 23,460

Sentiment:

Higher Call writing compared to Put writing → Bearish undertone