Dear Trader…
Markets traded lackluster and ended almost unchanged, taking a breather after Monday’s decline. Following an initial uptick, the Nifty future moved in a narrow range and eventually settled at 25,643.30. On the sectoral front, a mixed trend kept participants engaged—metals, banking (particularly the PSU pack), and pharma witnessed gains, while FMCG and IT ended lower. The broader indices, after their recent outperformance, also traded flat in a subdued session.
Buoyancy in global markets-especially the U.S. along with stable domestic cues suggests that the prevailing trend is likely to continue. We, therefore, reiterate our “buy on dips” view, with a strong emphasis on stock selection. However, participants should adopt a cautious stance on the broader market given the overbought conditions in select pockets.
Nifty futures opened at 25636 points against the previous close of 25614 and opened at a low of 25596 points. Nifty Future closed with an average movement of 95 points and a rise of around 29 points and 25643 points…!!
On the NSE, the midcap 100 index will rise 0.01% and smallcap 100 index is closing decline 0.10%. Speaking of various sectoral indices, the NSE saw gains in Financial Services, Psu Bank, Oil & Gas, Metal, Healthcare Index, Consumer Durables, Private Bank and Pharma stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, August gold opened at Rs.96471, fell from a high of Rs.97650 points to a low of Rs.96471 with a rise of 1388 points, a trend of around Rs.97463 and July Silver opened at Rs.1,05,437, fell from a high of Rs.1,06,873 points to a low of Rs.1,05,437 with a rise of 571 points, a trend of around Rs.1,06,020.
Meanwhile, The FIIs as per Tuesday’s data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15159.69 crore against gross selling of Rs 14330.07 crore. Thus, FIIs stood as net buyers of Rs 829.62 crore in equities. In the debt segment, the gross purchase was of Rs 10122.46 crore with gross sales of Rs 1142.10 crore.
Thus, FIIs stood as net buyers of Rs 8980.36 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 1550.15 crore, they stood at net buyers in Debt-VRR segment at Rs 2402.07 crore, while net buyers in Debt-FAR segment at Rs 5028.14 crore.
In the hybrid segment, the gross buying was of Rs 34.28 crore against gross selling of Rs 34.64 crore. Thus, FIIs stood as net sellers of Rs 0.36 crore in hybrid segment.
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