- US equity markets were down in range 1.02% to 1.69%
- European equity markets were also ended lower in range 0.37%-1.81%
- Asian equity markets are trading in red
- SGX Nifty is little changed ( as on 8:20 AM)
Benchmark Nifty index opened with a gap on the higher side but failed to hold the higher levels and finally it ended on a negative note at 17465 levels, down 45 points from the previous closing values after a volatile session.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Benchmark Nifty index opened with a gap on the higher side but failed to hold the higher levels and erased all its gain in the last trading hour of the session, and finally it ended on a negative note at 17465 levels, down 45 points from the previous closing values after a volatile session.
Broader markets performed in line with the benchmark. The market breadth was heavily inclined towards the declining side as 1344 declines were recorded against 916 advances tracked at NSE.
All the sectoral indices settled in red. Nifty Metal was the worst performer tumbling 3% followed by Nifty PSU Bank and Nifty Auto that fell nearly 1% each, on the other hand, Nifty Pharma witnessed some buying interest and ended on a positive note up by 0.23%.
Going ahead, we reiterate our bearish view on Nifty index till it is trading below 17700 levels on closing basis.
Derivatives Overview & Outlook
On Friday, both Nifty and Banknifty futures added around 7% & 37% of open interest respectively as short buildup.
On the sectoral front, Telecom, Textile and Infra stocks witnessed maximum addition of short positions whereas some long build up was seen among Oil & Gas stocks.
On options front, call writing was seen at multiple strikes and maximum positions are at 17600 CE and 17000 PE.
FII & DII Trading Activity
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