Benchmark nifty index settled flat at 17610, down 6 point from its previous closing levels. Nifty traded in very narrow range today and expire at 17610.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
There was mixed trade in the broader market today, the small cap index closed with the gain of almost 1%.
Majority of sector gauges tracked at NSE settled in red amongst them Metal and Oil & Gas index was the worst performer, close with the loss of 4.3% and 1.99% respectively. While FMCG and IT index was the top performer, gained 2.28 and 1.8% respectively.
Nifty index is trading in range 17450-700 and an either side break is needed for next directional move.
Derivatives Overview & Outlook
Yesterday, Nifty and Banknifty futures added around 2.5% & 5% of open interest respectively.
On sectoral front, long buildup was seen among IT, Banking and Finance stocks whereas some short buildup was seen among Infra Chemical stocks.
On options front, Nifty will start the new weekly contracts with maximum positions at 17600 PE and 18500 CE followed by 17600 CE.
FII & DII Trading Activity
Yesterday, FIIs sold stocks worth Rs 3065 Cr in the cash segment, bought stocks futures worth Rs 244 Cr and also bought index futures worth Rs 797 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2371 Cr.
Results on February 3
State Bank of India, ITC, InterGlobe Aviation, Tata Power, Bank of Baroda, Quess Corp, Zydus Lifesciences, JK Tyre & Industries, Tube Investments of India, Marico, One97 Communications, Kansai Nerolac, Divi’s Laboratories, Aarti Industries, Mahindra & Mahindra Financial Services, Jubilant Pharmova, Medplus Health Services, Manappuram Finance, Sumitomo Chemical India, Emami, Praj Industries, Sun TV Network, Star Cement, Jamna Auto Industries, Thyrocare Technologies, Vakrangee, Shipping Corporation of India, PTC India Financial Services, KRBL, Ion Exchange, India Cements, Ethos, Dalmia Bharat Sugar & Industries, Borosil, Brightcom Group
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