Nifty index soared 320 points to settle at 18348 levels.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Nifty index soared 320 points on the final trading session of the week to settle at 18349 levels.
Broader markets underperformed the benchmark as Mid & Small cap index ended on flattish note. This clearly goes to show that handful of large cap stocks drive markets higher.
Majority of sector gauges tracked at NSE settled in green, IT was at the top of the tally, up 3.8%.
We see bullish bias to persist, 18500 is next immediate levels that we are eyeing at while 18200/250 will act as immediate supports.
Derivatives Overview & Outlook
On Friday, both Nifty & Banknifty futures added around 2% & 15% of open interest respectively as long buildup.
On sectoral front, long buildup was seen among, Realty, Power, Banking and Metal stocks whereas some short covering was seen among IT and Media stocks.
On options front, put writing was seen at multiple strikes and maximum positions are at 19000 CE and 18000 PE.
FII & DII Trading Activity
Last week, FIIs bought stocks worth Rs 6058 Cr in the cash segment, bought stocks futures worth Rs 1759 Cr and sold index futures worth Rs 126 Cr. DIIs too were net sellers in the cash segment to the tune of Rs 2255 Cr during the week.
Earnings Today – Life Insurance Corporation of India, Hindalco Industries, Mahindra & Mahindra, EID-Parry (India), Bharat Heavy Electricals, Hindustan Aeronautics, Zydus Lifesciences, Jindal Saw, Glenmark Pharmaceuticals, Alkem Laboratories, Zee Entertainment Enterprises, Delhivery, Thermax, IPCA Laboratories, Mahanagar Gas, Fortis Healthcare, Alembic Pharmaceuticals, Astral, Medplus Health Services, Glaxosmithkline Pharmaceuticals, SJVN, Sun TV Network, Graphite India, Emami, JB Chemicals and Pharmaceuticals, Ujjivan Financial Services, Sobha, Bharat Dynamics, Krishna Institute of Medical Science, V-Mart Retail, Restaurant Brands Asia, Shilpa Medicare, Vedant Fashions, Lemon Tree Hotels, MOIL, Thyrocare Technologies, Easy Trip Planners, ABB India, Adani Power, Advanced Enzymes Technologies, Advanced Enzymes Technologies, Aether Industries, Borosil, DB Realty, Electronics Mart India, ESAB India, Exide Industries, Gujarat Ambuja Exports, Great Eastern Shipping Company, HBL Power Systems, HEG, IndiaBulls Real Estate, IDFC, Ingersoll-Rand(India), Ircon International, ISGEC Heavy Engineering, KRBL, LA Opala RG, Mirza International, Nirlon, NLC India, Procter & Gamble Health, Religare Enterprises, Reliance Infrastructure, R Systems International, Thomas Cook (India), Unichem Laboratories
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