Dear Trader…
Nifty future ended lower for the second consecutive day, declining 245 points to close below 25k mark at 24,850 (-0.98%). Financial stocks, particularly Bajaj Finance, led the sell-off due to concerns over asset quality. Global uncertainties, lack of progress in India-US trade negotiations, and continuous selling by foreign investors further contributed to the market’s negative performance. Pharma and Healthcare indices showed resilience, closing higher by 0.6-0.7% each, amid a broad based sectoral sell-off.
In a positive development, the India-UK free trade agreement (FTA) was signed in the presence of PM Narendra Modi and UK PM Keir Starmer. The trade deal which was agreed upon in May this year, aims to enhance bilateral trade to $120 billion by 2030, effectively doubling the current trade volume between both nations.
On the macro front, the European Central Bank kept interest rates unchanged, but flagged downside risks to growth in the Eurozone. Overall, we expect market to remain in consolidation mode amid continued uncertainty around India-US trade deal, a mixed Q1FY26 earnings season so far and intensifying FII outflows. Key results over the weekend include Kotak Mahindra bank, Macrotech Developers, CDSL amongst others.
Nifty futures opened at 25011 points against the previous close of 25095 and opened at a low of 24831 points. Nifty Future closed with an average movement of 193 points and a decline of around 245 points and 24850 points…!!
On the NSE, the midcap 100 index will decline 1.61% and smallcap 100 index is closing decline 2.10%. Speaking of various sectoral indices, the NSE saw gains in only Healthcare and Pharma stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, August gold opened at Rs.98582, fell from a high of Rs.98627 points to a low of Rs.97936 with a decline of 766 points, a trend of around Rs.97960 and September Silver opened at Rs.1,15,466, fell from a high of Rs.1,15,700 points to a low of Rs.1,14,420 with a decline of 418 points, a trend of around Rs.1,14,715.
Meanwhile, The FIIs as per Friday’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 14387.03 crore against gross selling of Rs 16382.53 crore. Thus, FIIs stood as net sellers of Rs 1995.50 crore in equities.
In the debt segment, the gross purchase was of Rs 1168.22 crore with gross sales of Rs 2496.95 crore. Thus, FIIs stood as net sellers of Rs 1328.73 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 476.26 crore, they stood at net buyers in Debt-VRR segment at Rs 12.02 crore, while net sellers in Debt-FAR segment at Rs 864.49 crore.
In the hybrid segment, the gross buying was of Rs 28.96 crore against gross selling of Rs 15.93 crore. Thus, FIIs stood as net buyers of Rs 13.03 crore in hybrid segment.
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