Real estate major DLF has sold 173 apartments for Rs 11,816 crore in its ultra luxury residential project ‘The Dahlias’ in Gurugram, on strong demand from the super-rich. In October last year, DLF launched a 17-acre housing project ‘The Dahlias’ at DLF Phase 5 in Gurugram, Haryana comprising 420 apartments and penthouses.
DLF registered Rs 11,816 Crore sales in Gurugram with 173 Ultra-Luxury homes sold- Daily Market Update 27th Jan 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to negative note.
- European equity markets, barring CAC, ended on a negative note.
- Asian equity markets are trading lower.
- GIFT Nifty is trading down by 180 points, Nifty futures likely to open around 22950 levels.
Nifty Overview & Outlook
Benchmark Nifty index settled lower at 23092 levels after a cut of more than 100 points from its previous closing values.
Broader markets underperformed the benchmark as Mid and Small cap indices fell 1.21% & 2.35% respectively.
Majority of sectoral indices, barring FMCG and IT, ended in red. Amongst them, Media, Pharma, Realty, Healthcare and Oil & Gas index fell over 2% each.
Technically, Nifty index is trading in lower lows – lower highs formation. Going ahead, we reiterate our negative view on Nifty index intact and suggest traders to maintain sell on rise trading strategy till it is trading below 23500 levels on closing basis.
Derivatives Overview & Outlook
On Friday, Banknifty and Midcapnifty futures added 1.4% and 3.4% of open interest respectively as short buildup whereas no meaningful activities was seen in Nifty and Finnifty futures on open interest front.
All F&O sectors settled on a negative note. Amongst them, Capital Goods, Media, Realty and Technology stocks witnessed maximum addition of short positions whereas some long unwinding was seen among Cement stocks.
On options front, further call writing was seen at multiple strike. Maximum positions are at 24000 CE followed by 23500 CE and 22000 PE followed by 23000 PE. Quantum of call positions is significantly higher than the quantum of put positions that is a negative sign.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 18890 Cr in the cash segment, sold stocks futures worth Rs 755 Cr also sold index futures worth Rs 2676 Cr. DIIs were net buyers in the cash segment to the tune of Rs 17577 Cr during the week.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
Nifty – Resistances 23220-23320; Supports 23030-22920
Banknifty – Resistances 49100-49400; Supports 48100-47800
Finnifty – Resistances 22600- 22700; Supports 22430-22380
F&O Security in Ban Today: ABFRL, BANDHANBNK, CANFINHOME, DIXON, INDIAMART, LTF, MGL, PNB & MANAPPURAM.
Important Results Today : APOLLOPIPE, ATGL,AWL, COALINDIA, FEDERALBNK, IGL, IOC, PEL, PETRONET, TATASTEEL.
Disclosure
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