- US equity markets ended lower by over 1.5%
- European equity markets settled on flat to positive note
- Majority of Asian equity markets are trading in green
- SGX Nifty is little changed (as on 8:25 AM)
US Fed raises rates by quarter point to fight inflation despite banking sector crisis
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
The benchmark Nifty index ended on a flat note at 17151 levels after adding 44 points to its previous closing values after a lackluster trading session ahead of the FOMC meet on interest rates.
Small-cap Index outperformed the benchmark as it’s up by 0.54% while the Midcap index performed in line with the benchmark. The market breadth was inclined towards the positive side as 1387 advances were recorded against 824 declines at NSE.
Majority of sectoral indices tracked at NSE settled in green. Pharma and PSU Bank index were at the top of the tally, gained 1.04% and 0.83% respectively.
On Thursday, traders are likely to be on their toes as markets are likely to be volatile. Initially, it will react to US Fed outcome on interest rates and later in will move on scheduled weekly derivatives expiry.
Derivatives Overview & Outlook
Yesterday, Nifty, Banknifty and Finnifty futures remained almost unchanged on the price front whereas on open interest front Nifty and Banknifty futures added around 3.5% of open interest each and Finnifty futures shed around 3% of open interest.
On the sectoral front, long buildup was seen among Finance, Cement and Pharma stocks whereas some short buildup was seen among Media, Metal and Realty stocks.
On options front, put writing was seen at 17150 & 17050 strikes along with call writing at multiple strikes and maximum positions are at 17000 PE and 17500 CE followed by 17300 CE.
FII & DII Trading Activity
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