Daily Market Update

Market Recap

After a positive opening, Nifty faced profit booking around 24,300, dragging the index below 24,150. The index attempted a recovery but failed to sustain above 24,200, while fresh selling pressure pushed it below 24,100. Nifty eventually settled with a loss of 0.48 percent post the closing auction session (CAS).

Sector Performance:

• Top Performers: Pharma, Healthcare

• Lagging Sectors: PSU Bank, Cement

Institutional Activity:

• FIIs: Net sellers of ₹298.26 crore

• DIIs: Net buyers of ₹4,977.17 crore

FII Index Futures (Net Contracts):

• Nifty: -10,948

• Bank Nifty: -783

• Fin Nifty: -8

• Midcap Nifty: +7

• Nifty Next 50: 0

Options Market Insights:

• Significant Call side OI: 24,300 Call

• Significant Put side OI: 24,000 Put

• Put-Call Ratio (PCR): 0.59

• Max Pain: 24,200

• VWAP Range: 24,045 – 24,325