The new bill to be introduced will incorporate all the changes which have been suggested by the Select Committee and which have been accepted by the government, Parliamentary Affairs Minister Kiren Rijiju had revealed on Saturday.
New Income Tax Bill to be introduced in Lok Sabha today- Daily Market Update 11th Aug 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.47% to 0.98%.
- European equity markets, barring CAC, ended on a flat to negative note.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is up by 30 points, Nifty futures likely to open around 24420 levels.
Benchmark Nifty index ended sharply lower at 24363 spot levels after a cut of 233 points from its previous closing values.
Broader markets underperformed the benchmark as Mid and Small cap indices were down around 1.5% each.
All sectroal indices tracked at NSE ended in red. Amongst them, Realty, Consumer Durables and Metal index were the worst performer, down 2.11%, 1.91% & 1.76% respectively followed by Healthcare, Pharma and Auto index that fell in range 1% to 1.5%.
Technically, Nifty index has reached quite close to its down target/supports of 24000-24200 spot levels, possibility of some bounce back can not be ruled out at this juncture but trend and sentiments are negative. Hence, we suggest traders to maintain sell on rise trading approach till we are holding below 24800 spot levels on closing basis.
Derivatives Overview & Outlook
Last Friday, all index futures moved southward on short buildup as Nifty, Banknifty, Finnifty and Midcapnifty futures added 3.3%, 11.3%, 1.6% and 3.3% of open interest respectively.
Majority of the sectoral indices ended lower. Amongst them Banking, Capital Goods and Telecom stocks witnessed maximum addition of short positions along with some long unwinding among Chemical and Finance stocks.
On the option front, call writing was seen at multiple strike implying multiple resistances on the higher side. Maximum positions are at 25000 CE followed by 24500 CE and 24000 PE. Options data is still showing negative sentiments.
Institutional Trading Activity
Last Friday, FIIs sold stocks worth Rs 8393 Cr in the cash segment, sold stocks futures worth Rs 3104 Cr also sold index futures worth Rs 4596 Cr. DIIs were net buyers in the cash segment to the tune of Rs 33608 Cr during last week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24600-24720; Supports 24300-24200
Banknifty – Resistances 55500-55800; Supports 54800-54500
Finnifty – Resistances 26400- 26500; Supports 26100-26020
F&O Security in Ban Today: PNBHOUSING FINANCE & RBLBANK
IMPORTANT RESULTS TODAY: ASTRAL, BEML, IPCALAB, SJVN, TIMETECHNO, TITAGARH.
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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