15 February 2024: Analyzing Today’s Share Bazaar and FII DII Data

Nifty Fifty Today: Resilience Amidst Volatility

On 15 February 2024, the Nifty Fifty index demonstrated resilience, opening higher at 21,906.55 in contrast to the previous close of 21,840.05. Despite initial fluctuations, with the index touching a low of 21,794.80 in the initial trade, Nifty Fifty swiftly regained momentum. Witnessing high volatility, the market experienced significant fluctuations, with 50 to 70 point movements occurring within five minutes. However, Nifty Fifty managed to reach a high of 21,953.85 during the day. Eventually, the index closed at 21,910.75, showcasing a commendable gain of 0.32%. Notably, it was the Nifty’s weekly options expiry, adding to the market’s dynamism.

Today’s NSE Share Bazaar

NIFTYBANK Performance: Steady Growth Despite Fluctuations

Similarly, NIFTYBANK embarked on its journey on 15 February 2024 at 46,027.10, slightly higher than the previous close of 45,908.30. Despite experiencing a low of 45,590.20 at the beginning of trade, the index demonstrated resilience and surged to a high of 46,297.70 during the day. Eventually, NIFTYBANK closed at 46,218.90, reflecting a gain of 0.68%. Despite market fluctuations, NIFTYBANK maintained steady growth throughout the trading session.

FII/FPI and DII Cash Trading Activity On 15 February 2024

On 15 February 2024, Foreign Institutional Investors (FII) continued their selling streak, with a significant sell-off of 3,064.15 crores in the cash segment. Conversely, Domestic Institutional Investors (DII) exhibited robust buying activity, accumulating equities worth 2,276.93 crores in the cash segment. This trend mirrored the previous day’s FII activity, indicating sustained selling pressure from foreign investors. The long-to-short ratio in FII’s Index futures marginally increased to 0.57, reflecting cautious optimism amidst market volatility.

FII Derivative Statistics for 15 February 2024

You can download the image below containing the FII derivative statistics for 15 February 2024.

FII derivative stats For 15 february 2024

NSE NIFTY Analysis: Gainers and Losers

Analyzing the NSE NIFTY Index, notable gainers included M&M, POWERGRID, and BPCL, while AXISBANK, APOLLOHOSP, and ITC emerged as the top losers. The index opened at 21,906.55 and closed at 21,910.75, marking a change of 0.32%. Despite market fluctuations, certain sectors showcased resilience, contributing to the overall positive sentiment of the index.

Also Read:

BANKNIFTY Insights: Gaining Momentum

On 15 February 2024, in the BANKNIFTY Index, FEDERALBNK, PNB, and BANKBARODA emerged as the top gainers, while AXISBANK, AUBANK, and BANDHANBNK faced losses. The index opened at 46,027.10 and closed at 46,218.90, reflecting a gain of 0.68%. Despite challenges, the banking sector demonstrated resilience, contributing to the index’s overall positive performance.

Sectoral Indices Performance: Varied Trends

Across sectoral indices, varied trends were observed. NIFTY NEXT 50 opened at 58,073.50 and closed at 58,185.90, marking a change of 0.89%. NIFTY MIDCAP 50 showcased positive momentum, with an opening at 13,871.85 and closing at 13,914.40, reflecting a change of 1.00%. Other sectoral indices, including NIFTY AUTO, NIFTY IT, and NIFTY OIL & GAS, demonstrated mixed performances, showcasing the dynamic nature of the market.

Option Chain Insights: Market Expectations

Analyzing the option chain for Nifty with a 22 Feb 2024 expiry, significant changes were observed in Open Interest Calls and Puts. Notable shifts were witnessed in Calls at 21900CE, 22000CE, and 22100CE, while Puts at 21900PE, 22000PE, and 21800PE saw substantial increases in Open Interest. Similarly, for BANKNIFTY with a 21 Feb 2024 expiry, notable changes were observed in Open Interest Calls and Puts, indicating market expectations and potential trends.

In conclusion, the share bazaar update on 15 February 2024 depicted a day of resilience amidst market volatility. Insights from FII/FPI data, along with sectoral performance and option chain analysis, provide valuable perspectives for investors, enabling them to make informed decisions in navigating the dynamic landscape of the stock market.

Leave a Reply

Scroll to Top