Yen falls, Japan’s stocks rise as PM Ishiba announce resignation – Daily Market Update 8th Sept 2025

Benchmark Nifty index ended on a flat note at 24741 spot levels after a volatile trading session.

Broader markets performed in line with the benchmark as Mid and Small cap indices settled on a flat to positive note.

Performance on the sectoral front was mix. Amongst them, Auto index was at the top of the tally, gained over 1% followed by Media and Metal index that rose over 0.5% each. On the other hand, IT FMCG and Realty index dragged the benchmark lower, down over 1% each.

Technically, Nifty index is hovering in a range i.e. 25100-24450 spot levels and an either side break from this range is essential for next directional move in that direction. Hence, we suggest traders to maintain stocks specific trading approach for the time being.

Derivatives Overview & Outlook

Last Friday, long buildup was seen in Midcapnifty futures with increase in open interest by 2.3% along with some short covering in Banknifty futures that shed around 1.5% of open interest. On the other hand, no significant change was observed in Nifty and Finnifty futures on open interest front.

On option front, put writing along with some call writing was seen at multiple strikes. Maximum positions are at 25000 CE followed by 25500 CE and 24000 PE followed by 24500 PE.

Institutional Trading Activity

Last week, FIIs sold stocks worth Rs 5666 Cr in the cash segment, sold index futures worth Rs 3009 Cr also sold stocks futures worth Rs 1657 Cr. DIIs were net buyers in the cash segment to the tune of Rs 13444 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25000-25100; Supports 24750-24650

Banknifty – Resistances 54650-55000; Supports 54020-53800

Finnifty – Resistances 26120-26220; Supports 25850-25700

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