InterGlobe Aviation, the parent of budget airline IndiGo, will see its shares in focus on Thursday, August 28, as the Rakesh Gangwal family is set to pare its stake via the block deal route.
The Rakesh Gangwal family plans to sell up to 3.1 percent stake in InterGlobe Aviation through block deals estimated at about Rs 7,020 crore.
Global Stock Market Today
The benchmark Nifty index opened with a gap on the negative side, kept on sliding throughout the day to settle at 24712 spot levels, down 256 points from its previous closing values.
Broader markets underperformed the benchmark as both Mid and Small cap indices were down nearly 2% each against 1% decline in frontline index.
All sectoral indices, barring Nifty FMCG, ended in red at NSE. Amongst them, Nifty Realty was the worst performer, down 2.34% followed by Metal, Pharma, Consumer Durables, Oil & Gas and Banking stocks that were down over 1.5% each.
Technically, Nifty index has almost filled the gap left while rising on Aug 18,2025 and reached the lower band of gap support zone that also coincide with its 100 DEMA supports of 24650 spot levels. Going ahead, cross and sustenance below 24650 spot levels might take it down towards 24300 spot levels in near term.
Derivatives Overview & Outlook
On Tuesday, Nifty and Midcapnifty futures added 4.3% and 5.2% of open interest respectively as short buildup along with some long unwinding in Banknifty and Finnifty futures that shed around 1.5% of open interest each.
Nifty and Finnifty futures have rolled 64% of open interest each, Banknifty futures have rolled at 53% and Midcpnifty futures have rolled 70% of open interest into next contract so far.
On options front, call writing along with put unwinding was seen at multiple strikes. Maximum positions are at 24000 PE followed by 24500 PE and 25000 CE followed by 25200 CE. Options data also showing negative sentiments and suggest towards sell on rise trading approach.
Institutional Trading Activity
On Tuesday, FIIs sold stocks worth Rs 6516 Cr in the cash segment, bought stocks futures worth Rs 35 Cr and sold index futures worth Rs 1303 Cr. DIIs were net buyers in the cash segment to the tune of Rs 7060 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24820-24950; Supports 24650-24580
Banknifty – Resistances 54800-55200; Supports 54000-53800
Finnifty – Resistances 26100-26200; Supports 25900-25800
F&O Security in Ban Today: RBLBANK
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
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