- US equity markets settled higher in range of 0.18% to 0.94%
- European equity markets ended on a flat to positive note
- Asian equity markets are trading higher
- GIFT Nifty is up by 40 points (as on 8:30AM), Nifty likely to open at 19305.
Index heavyweight Reliance Industries' 46th annual general meeting (AGM) is expected to set the tone for the markets on monday, with investors eyeing a slew of major announcements. The AGM today comes just a few days after Jio Financial Services' listing, and Qatar Investment Authority's acquisition of a stake in Reliance Retail Ventures Limited (RRVL).
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Overview & Outlook
The benchmark Nifty index settled lower at 19265 levels, down over 100 points from its previous closing values.
Midcap Nifty index underperformed the benchmark as it’s down nearly 1% while Small cap index settled on a negative note down 0.41%.
All the sectoral indices tracked at NSE settled in red. Amongst them, Nifty PSU Bank and Realty index led the declines, fell 1.51% and 1.31% respectively followed by Nifty FMCG, Healthcare, Pharma and Metal index that were down over 1% each.
Technically, Nifty index ended on a weak note and formed a bearish red candlestick on a daily chart. Going ahead, Cross and sustenance below 19240 spot levels will open the doors for further down move till 18900-18800 spot levels.
Derivatives Overview & Outlook
On Friday, Nifty and Banknifty futures added around 5% & 1% of open interest respectively as short buildup whereas Finnifty futures shed around 10% of open interest as long unwinding.
Majority of F&O sectors settled lower on long unwinding. Amongst them, FMCG, IT, Realty stock witnessed maximum unwinding of long positions whereas some short buildup was seen in Finance and Oil & Gas stocks.
On options front, call writing was seen at multiple strikes and maximum positions are at 19500 CE and 19000 PE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 2916 Cr in the cash segment, bought stocks futures worth Rs 2969 Cr and sold index futures worth Rs. 1035 Cr. DIIs were net buyers in the cash segment to the tune of Rs 8496 Cr during the week.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
F&O stocks in ban today: BHEL, GMRINFRA, ESCORTS, HINDCOPPER, INDIACEM, MANAPPURAM, RBLBANK, SUNTV
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