Dear Trader…
Nifty future closed higher by 158 points (+0.63%) at 25,252, tracking positive global cues amid easing tariff concerns and optimism around international trade developments. This supportive global backdrop boosted investor sentiment domestically. Additionally, the Union Cabinet’s approval of the India–UK Free Trade Agreement (FTA), ahead of Prime Minister Modi’s scheduled UK visit on July 24, further boosted confidence.
Most sectors ended in mix. Nifty Auto led the gains, closing 0.9% higher. Looking ahead, investors will track key global macroeconomic data due Thursday, including US initial jobless claims, the ECB’s interest rate decision, and US Composite and Services PMI.
Domestically, focus will remain on corporate earnings, with key results lined up from SBI Life, REC, UTI AMC, Aditya Birla Sun Life AMC, and V-Mart. We expect stock-specific action to persist as earnings remain the key driver for near-term market direction.
Nifty futures opened at 25170 points against the previous close of 25093 and opened at a low of 25112 points. Nifty Future closed with an average movement of 147 points and a rise of around 158 points and 25252 points…!!
On the NSE, the midcap 100 index will rise 0.34% and smallcap 100 index is closing decline 0.01%. Speaking of various sectoral indices only Realty, Media and FMCG 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.1,00,453, fell from a high of Rs.1,00,555 points to a low of Rs.1,00,060 with a rise of 27 points, a trend of around Rs.1,00,356 and September Silver opened at Rs.1,16,204, fell from a high of Rs.1,16,572 points to a low of Rs.1,15,730 with a rise of 766 points, a trend of around Rs.1,16,421.
Meanwhile, The FIIs as per Wednesday’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 21686.24 crore against gross selling of Rs 17068.17 crore. Thus, FIIs stood as net buyers of Rs 4618.07 crore in equities.
In the debt segment, the gross purchase was of Rs 3374.48 crore with gross sales of Rs 2640.95 crore. Thus, FIIs stood as net buyers of Rs 733.53 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 81.3 crore, they stood at net buyers in Debt-VRR segment at Rs 561.80 crore, while net buyers in Debt-FAR segment at Rs 253.03 crore.
In the hybrid segment, the gross buying was of Rs 12.51 crore against gross selling of Rs 23.47 crore. Thus, FIIs stood as net sellers of Rs 10.96 crore in hybrid segment.
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