- US equity markets were up in range 0.43% to 0.73%
- European equity markets gained 0.74% to 1.25%
- Asian equity markets are trading in green
- SGX Nifty is little changed (as on 8:15 AM)
The benchmark nifty index settled higher at 17081 levels, added 129 points to its previous closing values after a highly volatile trading session on monthly expiry.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
The benchmark nifty index settled higher at 17081 levels, added 129 points to its previous closing values after a highly volatile trading session on monthly expiry.
Broader markets outperformed the benchmark as Mid and Small cap index were up by over 1.5% each. The market breadth was heavily inclined towards the advancing side as 1643 advances were recorded against 651 declines at NSE.
All sectoral indices tracked at NSE settled in the green. Amongst them, Nifty PSU Bank was at the top of the tally rose over 3% followed by Nifty Realty, Metal, and Media index that were up by nearly 2.5% each.
Going ahead, we reiterate our sideways view on the Nifty index till it is trading in 16800-17200 range. Either side break from this range will set the tone for the next directional move in that direction.
Derivatives Overview & Outlook
On Wednesday, Nifty & Banknifty futures shed around 18% & 12% of open interest respectively as short covering.
Nifty futures rolled 74% into next contracts which were in line with previous month rollover of 73% while Banknifty futures rolled 93% into next contracts which were higher than previous month rollovers of 83%.
On options front, Nifty will start the new weekly contract with maximum positions at 17000 PE and 17800 CE followed by 17000 CE.
FII & DII Trading Activity
Disclosure
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