Benchmark Nifty index settled sharply higher at 17854 levels, adding 243 points to its previous closing values.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty index outperformed the broader markets as Mid and Small cap index settled on flat to negative note..
Performance on the sectoral front was mix. PSU bank index was the top performer, rose over 3% followed by Financial Service index that was up 2.36%. On the other hand, Energy and Pharma index were at the bottom of the tally, down 1% each.
Going ahead, crossover and sustenance above 17925 spot levels will open the doors for further upmove till 18150 and higher levels in immediate near term.
Derivatives Overview & Outlook
On Friday, both Nifty futures & Banknifty futures shed around 6% & 8% of open interest respectively as short covering.
On the sectoral front, long buildup was seen among Cement and Telecom stocks whereas some short buildup was seen among Metal, Oil & Gas and Pharma stocks.
On options front, put writing was seen at multiple strikes and maximum positions are at 17600 PE and 18000 CE.
FII & DII Trading Activity
Last week, FIIs sold stocks worth Rs 11805 Cr in the cash segment, bought stocks futures worth Rs 1451 Cr and also bought index futures worth Rs 2271 Cr. DIIs were net buyers in the cash segment to the tune of Rs 14184 Cr during the week.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 18000-18060; Supports 17780-17640
Banknifty Futures – Resistances 42000-42300; Supports 41000-40700
Results on February 3
Tata Steel, Adani Transmission, LIC Housing Finance, Muthoot Finance, Hitachi Energy India, Sansera Engineering, Suven Pharmaceuticals, Tejas Networks, Action Construction Equipment, Balaji Amines, Bls International Services, Easy Trip Planners, Fairchem Organics, Honda India Power Products, Huhtamaki India, Indo Count Industries, Infibeam Avenues, JK Paper, Kolte-Patil Developers, KPR Mill, Mold-Tek Packaging, Monte Carlo Fashions, Nuvoco Vistas Corporation, Shankara Building Products, Shree Global Tradefin, SJVN, Tasty Bite Eatables, TCPL Packaging, Unichem Laboratories, Uniroyal Marine Exports, Varun Beverages, Vinati Organics, V-Mart Retail, Wardwizard Innovations & Mobility
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