Dear Trader…

Markets remained volatile for yet another session and ended on a flat note. The tone was negative in the first half; however, a decent recovery in heavyweight stocks pared all the losses as the day progressed, helping the index close near the day’s high at the 25,540 level. A mixed trend persisted across sectors, with realty, IT, and pharma edging higher, while metal and auto ended in the red. The broader indices moved in line with the benchmark and also closed nearly unchanged amid volatility.

With all eyes on the impending US-India trade deal as the tariff deadline approaches, participants are hopeful for a favorable outcome, which could provide the much-needed trigger for the next leg of the market up move. Despite the recent outperformance, the broader indices are still holding up well; however, one should remain cautious, given the potential for profit booking at higher levels.

Nifty futures opened at 25500 points against the previous close of 25508 and opened at a low of 25410 points. Nifty Future closed with an average movement of 148 points and a rise of around 31 points and 25540 points…!!

On the NSE, the midcap 100 index will decline 0.01% and smallcap 100 index is closing rise 0.03%. Speaking of various sectoral indices only Metal and Auto 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.96735, fell from a high of Rs.97131 points to a low of Rs.96735 with a rise of 68 points, a trend of around Rs.96850 and September Silver opened at Rs.1,07,836, fell from a high of Rs.1,08,400 points to a low of Rs.1,07,720 with a decline of 126 points, a trend of around Rs.1,08,110.

Meanwhile, The FIIs as per Friday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 10833.45 crore against gross selling of Rs 13442.02 crore. Thus, FIIs stood as net sellers of Rs 2608.57 crore in equities.

In the debt segment, the gross purchase was of Rs 2933.07 crore with gross sales of Rs 2480.80 crore. Thus, FIIs stood as net buyers of Rs 452.27 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 91.60 crore, they stood at net buyers in Debt-VRR segment at Rs 36.41 crore, while net buyers in Debt-FAR segment at Rs 324.26 crore.

In the hybrid segment, the gross buying was of Rs 3.17 crore against gross selling of Rs 4.29 crore. Thus, FIIs stood as net sellers of Rs 1.12 crore in hybrid segment.

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