Dear Trader…
Nifty future ended marginally higher for the second straight session, closing at 24,869 (+0.12%), led by strength in index heavyweights such as L&T and Sun Pharma, along with value buying in select blue-chip names. However, broader market sentiment remained cautious amid uncertainty over the India-U.S. trade agreement and the U.S. Federal Reserve’s upcoming policy decision. The IMF raised India’s GDP growth forecast to 6.4% for both FY26 and FY27, citing easing global trade tensions.
Meanwhile, reports indicate that the India-U.S. trade deal remains unresolved, with potential tariff rates in the 20–25% range under consideration. Domestic institutional investors (DIIs) continued to support the market, partially offsetting sustained foreign investor outflows. Globally, markets are expected to remain in a wait-and-watch mode ahead of key U.S. macro data — including the Fed rate decision, Nonfarm employment report, Q2 GDP estimates — and China’s Manufacturing PMI.
On the earnings front, key results expected on Thursday include Vedanta, Swiggy, TVS Motors, and Thermax. Markets are expected to remain in consolidation mode, with stock-specific action likely as the earnings season progresses. Additionally, the Fed’s interest rate decision will further steer market direction.
Nifty futures opened at 24845 points against the previous close of 24838 and opened at a low of 24786 points. Nifty Future closed with an average movement of 124 points and a rise of around 30 points and 24869 points…!!
On the NSE, the midcap 100 index will decline 0.07% and smallcap 100 index is closing decline 0.52%. Speaking of various sectoral indices, the NSE saw gains in only IT, FMCG, Consumer Durables and Pharma stocks, while all other sectoral indices closed lower.
At the start of intra-day trading, August gold opened at Rs.98500, fell from a high of Rs.98865 points to a low of Rs.98250 with a rise of 569 points, a trend of around Rs.98830 and September Silver opened at Rs.1,13,664, fell from a high of Rs.1,14,023 points to a low of Rs.1,12,925 with a decline of 313 points, a trend of around Rs.1,13,440.
Meanwhile, The FIIs as per Wednesday’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 13015.83 crore against gross selling of Rs 16708.18 crore. Thus, FIIs stood as net sellers of Rs 3692.35 crore in equities.
In the debt segment, the gross purchase was of Rs 1527.94 crore with gross sales of Rs 2174.43 crore. Thus, FIIs stood as net sellers of Rs 646.49 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 39.81 crore, they stood at net sellers in Debt-VRR segment at Rs 1102.15 crore, while net buyers in Debt-FAR segment at Rs 495.47 crore.
In the hybrid segment, the gross buying was of Rs 27.17 crore against gross selling of Rs 30.31 crore. Thus, FIIs stood as net sellers of Rs 3.14 crore in hybrid segment.
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