Market Recap
After a gap-down opening, Nifty faced selling pressure around the 24,000 mark and remained under pressure for most of the session. However, strong buying interest in the final Thirty minutes helped the index recover from the day's low, although it eventually settled negative with a loss of 0.64 percent.
Sector Performance:
• Top Performers: Pharma, Healthcare
• Lagging Sectors: IT, Oil & Gas
Institutional Activity:
• FIIs: Net buyers of ₹4,859.07 crore
• DIIs: Net sellers of ₹1,159.64 crore
FII Index Futures (Net Contracts):
• Nifty: -3,850
• Bank Nifty: -900
• Fin Nifty: -11
• Midcap Nifty: -193
• Nifty Next 50: 7
Options Market Insights:
• Significant Call side OI: 24,500 Call
• Significant Put side OI: 23,500 Put
• Put-Call Ratio (PCR): 0.78
• Max Pain: 24,000
• VWAP Range: 23,880 – 24,115
Sentiment:
Higher Call writing along with Put unwinding → Bearish undertone