Market Recap
After a gap-up opening, Nifty faced profit booking at higher levels, dragging the index below 22,650. However, buying interest at lower levels triggered a sharp rebound, pushing it above 23,000. Some profit booking towards the closing trimmed gains, but the index eventually settled positive with a gain of 1.78 percent.
Sector Performance:
• Top Performers: Private Bank, Media
• Lagging Sectors: Pharma, Healthcare
Institutional Activity:
• FIIs: Net sellers of ₹8,009.56 crore
• DIIs: Net buyers of ₹5,867.15 crore
FII Index Futures (Net Contracts):
• Nifty: -1,242
• Bank Nifty: -4,670
• Fin Nifty: -6
• Midcap Nifty: 1,210
• Nifty Next 50: -43
Options Market Insights:
• Significant Call side OI: 23,500 Call
• Significant Put side OI: 23,000 Put
• Put-Call Ratio (PCR): 1.05
• Max Pain: 23,400
• VWAP Range: 22,615 – 23,285
Sentiment:
Bullish undertone