Prime Minister Narendra Modi asserted that India and China both pursue strategic autonomy and that their relations should not be seen through a third-country lens, in what’s being seen as a strong message as both sides seek to stabilise ties hit by border tensions in 2020. Modi and Chinese President Xi Jinping also underscored efforts to settle their differences.
Modi and Xi Jinping discuss strategic autonomy and strengthening India-China relations- Daily Market Update 1st Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.20% to 1.15%.
- European equity markets ended on a negative note.
- Asian equity markets are trading mix.
- GIFT Nifty is up by 50 points, Nifty futures likely to open around 24600 levels.
Benchmark Nifty index ended lower at 24427 spot levels after a cut of 74 points from its previous closing values.
Broader markets fell in line with the benchmark as Mid and Small cap indices were down 0.57% & 0.39% respectively.
Majority of sectoral indices, tracked at NSE, ended in red. Amongst them, Realty and Oil & Gas index were the worst hit, down over 1% each followed by IT and Auto index that were down 0.88% each.
Technically, Nifty index has almost reached its price supports of 24330 spot levels and possibility of some bounce back can not be ruled out at this juncture. Although, short term trend is still negative till it is holding below 24850 spot levels on closing basis.
Derivatives Overview & Outlook
Last Friday, Nifty, Banknifty and Midcapnifty futures added around 4%, 3.5% and 2.5% of open interest respectively as short buildup along with some long unwinding in Finnifty futures that shed 2.2% of open interest.
Majority of F&O sectors settled on a negative note. Amongst them, Banking & Finance, Oil & Gas and Power stocks witnessed maximum addition of short positions whereas some long buildup was seen among Cement and Textile stocks.
On options front, call writing along with put writing was seen at At-The-Money strikes. Maximum positions are at 23500 PE followed by 24000 PE and 25000 CE followed by 24600 CE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 21606 Cr in the cash segment, sold index futures worth Rs 5205 Cr also sold stocks futures worth Rs 1234 Cr. DIIs were net buyers in the cash segment to the tune of Rs 28645 Cr during the week
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24680-24800; Supports 24520-24400
Banknifty – Resistances 54400-54800; Supports 53800-53500
Finnifty – Resistances 25950-26050; Supports 25700-25600
F&O Security in Ban Today: NIL
Disclosure
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