Dear Trader…

Indian equities ended marginally lower on Thursday. Markets remained range-bound amid global caution, as investors awaited developments on several US trade agreements. The Nifty future fell 37 points to close at 25508, down 0.15%. In a positive development for domestic financials, RBI’s calibrated rate cuts and liquidity measures in 2025 have strengthened monetary transmission, supporting credit growth amid benign inflation and fiscal consolidation.

On the trade front, sentiment was supported by comments from US President, indicating a potential US-India trade deal could be announced soon. Meanwhile, both countries also agreed to finalize a new 10-year defence cooperation framework, underscoring deepening strategic ties by the end of the year.

Looking ahead, markets are expected to remain in consolidation mode, with participants likely to adopt a wait-and-watch approach amid ongoing trade negotiations and key US economic data releases – such as jobless claims, nonfarm payrolls, services PMI, and the unemployment rate – due later today. Investors will also keep an eye on Q1 business updates, which could drive stock-specific action.

Nifty futures opened at 25551 points against the previous close of 25546 and opened at a low of 25485 points. Nifty Future closed with an average movement of 184 points and a decline of around 37 points and 25508 points…!!

On the NSE, the midcap 100 index will rise 0.03% and smallcap 100 index is closing rise 0.26%. Speaking of various sectoral indices, only PSU Bank, Metal, Realty, Private Bank and IT stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, August gold opened at Rs.97389, fell from a high of Rs.97780 points to a low of Rs.96836 with a decline of 490 points, a trend of around Rs.96900 and September Silver opened at Rs.1,07,411, fell from a high of Rs.1,08,730 points to a low of Rs.1,07,246 with a rise of 47 points, a trend of around Rs.1,07,565.

Meanwhile, The FIIs as per Thursday’s data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15016.48 crore against gross selling of Rs 15763.59 crore. Thus, FIIs stood as net sellers of Rs 747.11 crore in equities.

In the debt segment, the gross purchase was of Rs 2194.82 crore with gross sales of Rs 2453.42 crore. Thus, FIIs stood as net sellers of Rs 258.60 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 1359.18 crore, they stood at net sellers in Debt-VRR segment at Rs 289.68 crore, while net buyers in Debt-FAR segment at Rs 1390.26 crore.

In the hybrid segment, the gross buying was of Rs 25.55 crore against gross selling of Rs 18.14 crore. Thus, FIIs stood as net buyers of Rs 7.41 crore in hybrid segment.

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