Dear Trader…

Indian equities ended lower on Thursday, with the Nifty future declining 136 points (-0.54%) to close at 25421. The broader markets also reflected weakness, as both the Nifty Midcap100 and Smallcap100 indices fell 0.3% each. Sectoral performance was mixed, with the Nifty IT index down 0.8% as IT stocks slipped ahead of Tata Consultancy Services’ (TCS) Q1FY26 results scheduled for later today.

Investors are keenly awaiting management commentary to gauge the sector’s outlook. Shares of asset management companies were in focus following strong June AMFI data and ICICI Prudential AMC’s filing for a 10,000 crore IPO valuing the company at 1 Lakh Cr market cap. On the global trade front, a delegation from India’s commerce ministry is expected to visit Washington next week for another round of talks with the US on tariffs and the proposed bilateral trade deal.

Investors are also closely watching key global economic data, including US initial jobless claims due later today and UK GDP data scheduled for Friday. The market is likely to consolidate in the near term, tracking progress on India–US trade talks, while cues from the earnings season may drive sector- and stock-specific movements.

Nifty futures opened at 25590 points against the previous close of 25558 and opened at a low of 25411 points. Nifty Future closed with an average movement of 184 points and a decline of around 136 points and 25421 points…!!

On the NSE, the midcap 100 index will decline 0.30% and smallcap 100 index is closing decline 0.27%. Speaking of various sectoral indices, the NSE saw gains in only Realty, Metal and Consumer Durables stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, August gold opened at Rs.96548, fell from a high of Rs.96975 points to a low of Rs.95444 with a rise of 304 points, a trend of around Rs.96765 and September Silver opened at Rs.1,07,320, fell from a high of Rs.1,08,839 points to a low of Rs.1,07,300 with a rise of 1130 points, a trend of around Rs.1,08,395.

Meanwhile, The FIIs as per Thursday’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 13786.15 crore against gross selling of Rs 13113.95 crore. Thus, FIIs stood as net buyers of Rs 672.20 crore in equities.

In the debt segment, the gross purchase was of Rs 995.66 crore with gross sales of Rs 1568.42 crore. Thus, FIIs stood as net sellers of Rs 572.76 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 73.47 crore, they stood at net sellers in Debt-VRR segment at Rs 75.93 crore, while net sellers in Debt-FAR segment at Rs 423.36 crore.

In the hybrid segment, the gross buying was of Rs 19.80 crore against gross selling of Rs 12.81 crore. Thus, FIIs stood as net buyers of Rs 6.99 crore in hybrid segment.

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