Dear Trader…
Indian equity markets ended on a positive note on July 08, after trading sideways for most of the session. Some buying interest in the latter half helped the indices close in the green. The Sensex rose by 270.01 points or 0.32% to settle at 83,712.51, while the Nifty future gained 73.00 points or 0.29% to close at 25,611.90. Market breadth remained negative, with 1,099 stocks advancing and 1,331 declining.
Nifty future traded sideways throughout the day on July 08, but buying in the later session helped the index close on a positive note above the 25,500 mark. Top gainers in the Nifty 50 were Kotak Bank, Eternal, Asian Paints, NTPC, and Grasim, while Titan, Dr. Reddy’s, Bajaj Auto, Cipla, and Trent were among the top losers. Meanwhile, India VIX declined by 2.91% to 12.1950, indicating reduced market volatility and reflecting a relatively stable sentiment among traders.
Nifty futures opened at 25530 points against the previous close of 25538 and opened at a low of 25499 points. Nifty Future closed with an average movement of 135 points and a rise of around 73 points and 25611 points…!!
On the NSE, the midcap 100 index will decline 0.17% and smallcap 100 index is closing decline 0.29%. Speaking of various sectoral indices, the NSE saw gains in only Realty, Private Bank, IT and Oil & Gas stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, August gold opened at Rs.97172, fell from a high of Rs.97246 points to a low of Rs.96771 with a decline of 331 points, a trend of around Rs.96939 and September Silver opened at Rs.1,08,498, fell from a high of Rs.1,08,597 points to a low of Rs.1,07,764 with a decline of 314 points, a trend of around Rs.1,08,007.
Meanwhile, The FIIs as per Tuesday’s data were net buyers in equity segment, while they were net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 11581.25 crore against gross selling of Rs 8810.06 crore. Thus, FIIs stood as net buyers of Rs 2771.19 crore in equities.
In the debt segment, the gross purchase was of Rs 428.79 crore with gross sales of Rs 1679.21 crore. Thus, FIIs stood as net sellers of Rs 1250.42 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 248.67 crore, they stood at net sellers in Debt-VRR segment at Rs 55.63 crore, while net sellers in Debt-FAR segment at Rs 946.12 crore.
In the hybrid segment, the gross buying was of Rs 24.21 crore against gross selling of Rs 13.39 crore. Thus, FIIs stood as net buyers of Rs 10.82 crore in hybrid segment.
The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in
