NSE Share Bazaar

On 23 February 2024 Nifty 50 Marks Intriguing Trends

Nifty Spot on 23 February 2024

On 23 February 2024, the NSE Nifty commenced trading with a notable gain of 73 points, opening at 22,290.00, a significant uptick from the previous day’s close of 22,217.45. The index quickly surged to a high of 22,297.50 within the first minute of trading. However, market dynamics swiftly changed, leading to a decline, with the Nifty 50 reaching a low of 21,205 near 10:30 AM. Throughout the day, the Nifty spot witnessed fluctuations, ultimately settling at 22,212.70, registering a minor loss of 0.02%. Despite the day’s mixed performance, the Nifty achieved a new intraday life high, reflecting the underlying bullish sentiment.

Today’s NSE Share Bazaar

Bank Nifty’s Volatile Trajectory

In contrast to the Nifty’s performance, Bank Nifty opened on a positive note, gaining 141 points at 47,060.70 compared to the previous day’s close of 46,919.80. The index reached a high of 47,245.35 around 10:20 AM, coinciding with a downward trend in Nifty. However, the initial strength in Bank Nifty was short-lived, as the index plummeted to a low of 46,723.15. Despite efforts to recover, Bank Nifty closed at 46,811.75, marking a loss of 0.23% for the day.

FII and DII Cash Segment Data

On 23 February 2024, Foreign Institutional Investors (FII) exhibited bullish behavior by purchasing equities worth 1,276.09 crores in the cash segment. Similarly, Domestic Institutional Investors (DII) showed confidence in the market by acquiring equities worth 176.68 crores. However, despite institutional buying, the share bazaar remained relatively flat. The long-to-short ratio in Index futures of FII witnessed a slight decrease, standing at 0.78, following a prolonged period of ascent.

FII Derivative Statistics for 23 February 2024

You can download the image below containing the FII derivative statistics for 23 February 2024

FII derivative stats For 23 february 2024

NSE NIFTY

The NSE Nifty, a key benchmark index representing the performance of the top 50 stocks listed on the National Stock Exchange, opened at 22,290.00 on 23 February 2024. Throughout the trading session, it recorded a high of 22,297.50 and a low of 22,186.10, before closing slightly lower at 22,212.70 compared to the previous close of 22,217.45, indicating a marginal decline of 0.02%. Notable gainers in the Nifty index included BAJAJFINSV, SBILIFE, and HDFCLIFE, while top losers comprised BPCL, HCLTECH, and MARUTI.

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BANKNIFTY

The Bank Nifty index, which tracks the performance of the banking sector stocks, opened at 47,060.70 on 23 February 2024. It experienced fluctuations throughout the day, reaching a high of 47,245.35 and a low of 46,723.15, ultimately closing at 46,811.75. This represented a decrease of 0.23% from the previous close of 46,919.80. Notable gainers in the Bank Nifty index included BANDHANBNK, IDFCFIRSTB, and AUBANK, while top losers comprised BANKBARODA, PNB, and FEDERALBNK.

Sectoral Indices on 23 February 2024

  • NIFTY NEXT 50: The Nifty Next 50 index, comprising stocks ranked 51-100 by market capitalization, opened at 59,172.95 on 23 February 2024. It recorded a high of 59,331.45 and a low of 58,811.95 during the trading session, ultimately closing at 59,153.75. This represented a gain of 0.26% from the previous close of 58,999.00.
  • NIFTY MIDCAP 50: The Nifty Midcap 50 index, which reflects the performance of mid-sized companies, opened at 14,031.60 on 23 February 2024. It recorded a high of 14,141.00 and a low of 14,015.25, ultimately closing at 14,062.20. This represented a gain of 0.72% from the previous close of 13,961.95.
  • NIFTY AUTO: The Nifty Auto index, representing the automobile sector, opened at 20,692.80 on 23 February 2024. Throughout the trading session, it saw a high of 20,711.00 and a low of 20,540.75, ultimately closing at 20,621.35. This reflected a modest gain of 0.18% from the previous close of 20,584.85. The sector witnessed mixed performances among its constituents, influenced by factors such as consumer demand, production trends, and regulatory developments.
  • NIFTY FMCG: The Nifty FMCG index, comprising fast-moving consumer goods companies, opened at 54,528.50 on 23 February 2024. It experienced fluctuations during the day, reaching a high of 54,561.55 and a low of 54,268.75, before closing at 54,337.75. Despite the volatility, the index saw a marginal decrease of 0.15% from the previous close of 54,419.20. FMCG stocks are often considered defensive and tend to exhibit stable performance even during market fluctuations.
  • NIFTY IT: The Nifty IT index, which tracks the performance of information technology companies, opened at 38,487.50 on 23 February 2024. Throughout the trading session, it recorded a high of 38,490.45 and a low of 37,980.10, ultimately closing at 38,045.65. This represented a decline of 0.22% from the previous close of 38,130.15. The IT sector is influenced by factors such as global tech trends, currency movements, and demand for software services.
  • NIFTY METAL: The Nifty Metal index, representing the metal sector, opened at 8,103.90 on 23 February 2024. It saw fluctuations throughout the day, reaching a high of 8,112.80 and a low of 8,032.50, before closing at 8,047.75. This reflected a decline of 0.27% from the previous close of 8,069.40. The metal sector is sensitive to factors such as commodity prices, global demand, and trade policies.
  • NIFTY PHARMA: The Nifty Pharma index, comprising pharmaceutical companies, opened at 18,984.95 on 23 February 2024. It recorded a high of 19,134.80 and a low of 18,957.75 during the trading session, ultimately closing at 19,048.40. This represented a gain of 0.42% from the previous close of 18,969.45. The pharma sector is influenced by factors such as drug approvals, research and development pipelines, and regulatory changes.
  • NIFTY PSU BANK: The Nifty PSU Bank index, representing public sector banks, opened at 7,183.00 on 23 February 2024. Throughout the trading session, it witnessed a high of 7,245.95 and a low of 7,059.10, ultimately closing at 7,076.05. This reflected a decline of 1.15% from the previous close of 7,158.60. The performance of PSU banks is influenced by factors such as economic conditions, government policies, and asset quality.
  • NIFTY OIL & GAS: The Nifty Oil & Gas index, comprising companies in the oil and gas sector, opened at 11,828.95 on 23 February 2024. It experienced fluctuations during the day, reaching a high of 11,847.45 and a low of 11,707.50, before closing at 11,756.30. This reflected a decline of 0.43% from the previous close of 11,806.75. The sector is influenced by factors such as crude oil prices, exploration activities, and government regulations.

Option Chain Analysis

In the option chain for Nifty with a 29 February 2024 expiry, significant changes were observed in open interest calls and puts. The top three changes in open interest calls included 22200CE, 22300CE, and 22400CE, while notable changes in open interest puts comprised 22200PE, 22300PE, and 22400PE. Similarly, in the option chain for Bank Nifty with the same expiry date, prominent changes were noted in open interest calls (47000CE, 46900CE, and 46800CE) and puts (47000PE, 46900PE, and 46800PE).

In conclusion, the Nifty 50 index exhibited intriguing trends on 23 February 2024, characterized by initial gains, subsequent decline, and eventual stabilization. While Bank Nifty experienced volatility, the overall sentiment remained cautiously optimistic. Institutional activity, particularly FII buying, underscored confidence in the market, despite the day’s mixed performance across various sectors and indices.

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On 22 February 2024 New Highs for NSE Share Market as Nifty 50 Marks Record Close

On 22 February 2024, the Nifty 50 index began the day on a positive note, opening with a gain of 26 points at 22,081.55 compared to the previous day’s close of 22,055.05. However, the index experienced a brief downturn, reaching as low as 21,875.25 around 11 AM. Nevertheless, the bulls regained control, and a steady ascent commenced around 12:50 PM, propelling the Nifty spot to a peak of 22,252.50. Ultimately, the Nifty concluded the trading session at 22,217.45, recording a notable gain of 0.74%. This surge marked a new all-time high for the NSE Share Market, with the Nifty closing at its highest level ever.

Today’s NSE Share Bazaar

Mixed Performance for Bank Nifty

While Bank Nifty exhibited strength in the previous trading session, the trend reversed on 22 February 2024. Bank Nifty commenced trading at 46,934.55, registering a decline of 85 points compared to the previous day’s close of 47,019.70. Despite opening at a high of 47,024.05, the index encountered downward pressure throughout the day, reaching a low of 46,426.85. Despite a late-hour surge that supported the Nifty, Bank Nifty failed to close in the green, settling at 46,919.80, marking a decline of 0.21%.

FII/FPI Cash Activity and Market Dynamics On 22 February 2024

On 22 February 2024, Foreign Institutional Investors (FIIs) divested 1,410.05 crores in the cash segment, while Domestic Institutional Investors (DIIs) infused 1,823.68 crores into the equity market. The net selling by FIIs notwithstanding, the market rallied on account of robust DII buying and Nifty’s weekly expiry. The long-to-short ratio in Index futures of FIIs continued to rise, reaching 0.80, indicative of growing bullish sentiment among institutional investors.

FII Derivative Statistics for 22 February 2024

You can download the image below containing the FII derivative statistics for 22 February 2024

FII derivative stats For 22 february 2024

NSE Nifty Highlights

The NSE Nifty exhibited noteworthy movements on 22 February 2024. Opening at 22,081.55, the index soared to a high of 22,252.50 and dipped to a low of 21,875.25 before concluding the session at 22,217.45, reflecting a gain of 0.74%. Among the top gainers in the Nifty Index were COALINDIA, BAJAJ-AUTO, and EICHERMOT, while INDUSINDBK, HDFCBANK, and BPCL were among the top losers.

Bank Nifty Performance

In contrast to the previous day’s performance, Bank Nifty faced downward pressure on 22 February 2024. Opening at 46,934.55, the index reached a high of 47,024.05 but ultimately settled at 46,919.80, marking a decline of 0.21%. Noteworthy gainers in the Bank Nifty Index included BANDHANBNK, AXISBANK, and ICICIBANK, while INDUSINDBK, HDFCBANK, and KOTAKBANK were among the top losers.

Also Read: Nifty 50 Marks Intriguing Trends on 23 February 2024

Sectoral Indices Overview

Across various sectoral indices, notable movements were observed on 22 February 2024. The Nifty Next 50 closed at 58,999.00, recording a gain of 1.05%, while the Nifty Midcap 50 surged by 1.07%, closing at 13,961.95. The Nifty Auto, Nifty FMCG, and Nifty IT indices witnessed gains of 1.64%, 0.98%, and 1.94%, respectively. Conversely, the Nifty Metal index recorded a modest gain of 1.17%, while the Nifty Pharma and Nifty PSU Bank indices saw marginal increases of 0.28% and 0.21%, respectively. The Nifty Oil & Gas index closed at 11,806.75, marking a gain of 0.30%.

Option Chain Analysis

In the option chain for Nifty with a 29 February 2024 expiry, notable changes were observed in open interest calls and puts. Top three changes in open interest calls included 22200CE, 22300CE, and 22400CE, while significant changes in open interest puts included 22200PE, 22100PE, and 22000PE. Similarly, in the option chain for Bank Nifty with the same expiry date, prominent changes were noted in open interest calls (47000CE, 46900CE, and 46800CE) and puts (47000PE, 46900PE, and 46800PE).

In conclusion, the NSE Share Market witnessed robust activity on 22 February 2024, with the Nifty 50 achieving record highs and several sectoral indices registering significant gains. Despite fluctuations in Bank Nifty, overall market sentiment remained positive, supported by strong DII buying and favorable FII/FPI data.

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21 February 2024: Analyzing the Performance of NSE Share Bazaar

Nifty Spot Today: 21 February 2024

On 21 February 2024, the Nifty 50 index, a key benchmark of the NSE Share Bazaar, started the day on a positive note, opening with a gain of 52 points at 22,248.85. The index hit an early high of 22,249.40, showcasing initial strength. However, the momentum shifted, and Nifty 50 dipped to a low of 22,161 near 10:45 AM. Despite a brief recovery around 1 PM, the Nifty spot witnessed a downward trend, reaching a low of 21,997.95. The day concluded with the index closing at 22,055.05, marking a decline of 0.64%. Although the Nifty made a new life high, it couldn’t sustain the upward momentum to close at a new life high for the NSE Share Bazaar.

Today’s NSE Share Bazaar

Nifty Bank Today: 21 February 2024

In contrast to Nifty 50, Nifty Bank exhibited resilience in today’s trade. The Bank Nifty index opened strong at 47,363.40, registering a gain of 269 points compared to the previous close. The opening price also marked the high for the day. Throughout the trading session, Bank Nifty demonstrated stability, with a low of 46,886.95 recorded near the closing of trade. Nifty Bank closed at 47,019.70, experiencing a marginal loss of 0.16%. Despite the decline, Bank Nifty showed better resilience compared to Nifty 50.

FII/FPI Cash Data: 21 February 2024

On 21 February 2024, Foreign Institutional Investors (FIIs) showed moderate activity in the cash segment, with net buying of 284.66 crores. Conversely, Domestic Institutional Investors (DIIs) engaged in selling activities, with a net value of -411.57 crores worth of equity. While the net figures remained moderate, the gross figures reflected typical trading behavior for institutional investors. The long-to-short ratio in Index futures of FII continued its upward trend, reaching 0.73, indicative of increasing bullish sentiment over the past few days.

FII Derivative Statistics for 21 February 2024

You can access the image below, which includes the FII derivative statistics for 21 February 2024.

FII derivative stats For 21 february 2024

NSE Nifty Index

The NSE Nifty index, representing the broader market sentiment, witnessed a mixed trading session. Opening at 22,248.85, it reached a high of 22,249.40 early in the day. However, the index experienced a downward trajectory, touching a low of 21,997.95. Ultimately, it closed at 22,055.05, marking a decrease of -0.64% compared to the previous close of 22,196.95. Top gainers in the Nifty Index included Tata Steel, State Bank of India (SBI), and IndusInd Bank, while top losers comprised Bharat Petroleum Corporation Limited (BPCL), NTPC, and Coal India Limited.

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Bank Nifty Index

The Bank Nifty index, which tracks the performance of banking stocks, showed relative strength in today’s session. Opening at 47,363.40, it maintained stability throughout the day, with a high and low of 47,363.40 and 46,886.95, respectively. Despite closing with a minor loss of -0.16% at 47,019.70, Bank Nifty outperformed the broader market. State Bank of India (SBIN), Bank of Baroda, and IndusInd Bank were among the top gainers, while AU Small Finance Bank, Bandhan Bank, and HDFC Bank witnessed losses.

Sectoral indices: 21 February 2024

  1. NIFTY NEXT 50:
    • The Nifty Next 50 index represents the performance of the next 50 companies listed on the National Stock Exchange (NSE) after the Nifty 50.
    • On the trading day, it opened at 58,913.60, reached a high of 59,104.80, and dipped to a low of 58,204.25 before closing at 58,386.50.
    • Compared to the previous close of 58,706.40, the index experienced a decrease of 0.54%. This indicates a slight downturn in the performance of mid-cap companies represented by this index.
  2. NIFTY MIDCAP 50:
    • The Nifty Midcap 50 index tracks the performance of the top 50 mid-sized companies listed on the NSE.
    • It opened at 14,008.40, hitting a high of 14,033.55 and a low of 13,777.40 during the trading session.
    • The index concluded the day at 13,813.55, showing a decline of 1.22% from the previous close of 13,984.00. This suggests a notable decrease in the performance of mid-cap stocks.
  3. NIFTY AUTO:
    • This index focuses on the automobile sector, comprising companies involved in the manufacturing and sale of automobiles and related products.
    • The opening, high, low, and closing prices for the trading day were 20,372.00, 20,494.10, 20,192.45, and 20,252.55, respectively.
    • With a change of -0.50% from the previous close of 20,354.25, the Nifty Auto index experienced a moderate decline in value.
  4. NIFTY FMCG:
    • The Nifty FMCG index tracks the performance of the fast-moving consumer goods sector, including companies engaged in the production and distribution of consumer goods.
    • It opened at 53,975.55, reached a high of 54,226.85, and a low of 53,651.25 before closing at 53,892.35.
    • With a minimal change of 0.02% from the previous close of 53,882.50, the index remained relatively stable.
  5. NIFTY IT:
    • The Nifty IT index comprises IT companies listed on the NSE, including software developers, IT services providers, and technology manufacturers.
    • On 21 February 2024, it opened at 37,938.85, recorded a high of 38,001.45, and a low of 37,302.60, closing at 37,405.90.
    • The index experienced a decrease of 1.64% from the previous close of 38,029.70, indicating a notable decline in IT sector stocks.
  6. NIFTY METAL:
    • This index represents the performance of metal companies, including those involved in mining, refining, and manufacturing metal products.
    • On 21 February 2024, it opened at 8,037.70, touched a high of 8,118.90, and a low of 7,937.25, ultimately closing at 7,976.45.
    • With a slight increase of 0.26% from the previous close of 7,955.80, the Nifty Metal index showed modest growth.
  7. NIFTY PHARMA:
    • The Nifty Pharma index tracks pharmaceutical companies listed on the NSE, including drug manufacturers, biotechnology firms, and healthcare companies.
    • It opened at 19,015.75, recorded a high of 19,061.35, and a low of 18,830.10, closing at 18,916.45.
    • The index experienced a decrease of 0.40% from the previous close of 18,993.00, indicating a slight downturn in pharmaceutical stocks.
  8. NIFTY PSU BANK:
    • This index focuses on public sector banks listed on the NSE, including major government-owned banking institutions.
    • On 21 February 2024, It opened at 7,135.10, reached a high of 7,253.05, a low of 7,129.05, and closed at 7,143.75.
    • With an increase of 0.60% from the previous close of 7,101.20, the Nifty PSU Bank index showed modest growth.
  9. NIFTY OIL & GAS:
    • The Nifty Oil & Gas index represents companies in the oil and gas sector, including exploration, production, and refining entities.
    • It opened at 11,977.95, touched a high of 12,009.80, a low of 11,708.35, and closed at 11,771.95.
    • With a decrease of 1.44% from the previous close of 11,943.35, the index experienced a notable decline in oil and gas sector stocks.

Option Chain Data

In the option chain data for the Nifty with a 22 February 2024 expiry, notable changes were observed in both open interest calls and puts. Calls at the 22200 strike saw increased open interest, while puts at the 22100 strike witnessed significant unwinding. For the Bank Nifty with a 29 February 2024 expiry, call options at the 47000 strike recorded increased open interest, while put options at the 47000 strike saw notable additions.

In conclusion, the NSE Share Bazaar on 21 February 2024 witnessed a mixed trading session, with the Nifty 50 index experiencing a decline while the Nifty Bank exhibited resilience. Foreign institutional activity remained moderate, and option chain data reflected dynamic market sentiment. Investors continue to monitor these indicators closely for insights into market trends and potential trading opportunities.

21 February 2024: Analyzing the Performance of NSE Share Bazaar Read More »

Navigating the Share Market On 20 February 2024: Nifty Bank Shines Amidst Market Fluctuations

20 February 2024: Nifty 50 Today

On 20 February 2024, the Nifty 50 index kicked off the trading session on a slightly negative note, opening with a loss of 23 points at 22,099.20 compared to the previous day’s close of 22,122.25. Amidst early trade, Nifty 50 dipped to a low of 22,045.85. However, the index quickly regained momentum, surging to a high of 22,177 around noon. Subsequently, the Nifty fluctuated before rallying once more to reach 22,215.60. Ultimately, the index concluded the day near its peak, closing at 22,196.95, marking a commendable gain of 0.34%. This closing not only reflected positive market sentiment but also set a new record high for the Share Market.

Today’s NSE Share Bazaar

Bank Nifty Today: A Star Performer

In contrast to Nifty 50, Bank Nifty emerged as the star performer in today’s trade. Opening at 46,444.90 with a slight loss of 90 points compared to the previous close of 46,535.50, Bank Nifty witnessed early fluctuations, reaching a low of 46,367.80. However, the index swiftly reversed its trajectory, surging to a high of 47,136.75 during the day. With remarkable strength, Bank Nifty closed at 47,094.20, reflecting a substantial gain of 1.20%. This performance underscored the robustness of the banking sector, outshining Nifty in terms of gains.

FII DII Cash Data

Analyzing FII/FPI and DII cash trading activity on 20 February 2024 provides valuable insights into institutional investor behavior. While DIIs exhibited bullish sentiment with equity purchases worth 1,491.33 crores, FIIs engaged in selling, with net sales amounting to 1,335.51 crores in the cash segment. Notably, this marked another day of FII selling, indicating cautious investor sentiment amidst market fluctuations. Additionally, the long-to-short ratio in FII index futures continued its upward trend, reaching 0.69, suggesting a growing preference for short positions.

FII Derivative Statistics for 20 February 2024

You can download the image below containing the FII derivative statistics for 20 February 2024.

FII derivative stats For 20 february 2024

NSE Nifty: Performance Overview

The NSE Nifty index demonstrated resilience and strength throughout the trading session on 20 February 2024. Opening at 22,099.20, the index experienced intraday fluctuations, with a high of 22,215.60 and a low of 22,045.85. Despite brief dips into the red, Nifty managed to sustain upward momentum, ultimately closing at 22,196.95, marking a gain of 0.34%. Notable gainers in the Nifty index included POWERGRID, HDFCBANK, and AXISBANK, while HEROMOTOCO, BAJAJ-AUTO, and EICHERMOT emerged as top losers.

BankNifty: Notable Performance Metrics

BankNifty showcased remarkable strength and resilience on 20 February 2024, buoyed by positive market sentiment. Opening at 46,444.90, the index witnessed fluctuations throughout the day, with a high of 47,136.75 and a low of 46,367.80. With a substantial gain of 1.20%, BankNifty closed at 47,094.20, outperforming Nifty in terms of percentage gains. Noteworthy gainers in the BankNifty index included HDFCBANK, AXISBANK, and KOTAKBANK, while FEDERALBNK, BANDHANBNK, and IDFCFIRSTB registered losses.

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NIFTY NEXT 50

The NIFTY Next 50 index, often referred to as the junior NIFTY, is composed of the 50 companies that follow the NIFTY 50 index in terms of market capitalization. On the trading day under review, the NIFTY Next 50 opened at 58,702.40 and reached a high of 58,767.20. It experienced some fluctuations during the trading session, with a low of 58,428.25. Ultimately, the index closed slightly higher at 58,706.40 compared to the previous close of 58,650.30, marking a change of 0.10%.

NIFTY MIDCAP 50

The NIFTY Midcap 50 index tracks the performance of the top 50 companies with medium market capitalization listed on the National Stock Exchange (NSE). On the day in question, it opened at 14,001.20 and reached a high of 14,027.65. However, it dipped to a low of 13,922.40 during the trading session. The index closed at 13,984.00, slightly lower than the previous close of 14,022.25, with a change of -0.27%.

NIFTY AUTO

The NIFTY Auto index comprises companies engaged in the manufacturing of automobiles and auto components. On this trading day, it opened at 20,459.35 and saw a high of 20,480.40. However, it experienced a decline, reaching a low of 20,239.50. Ultimately, the index closed at 20,354.25, indicating a decrease of -0.62% compared to the previous close of 20,481.60.

NIFTY FMCG

The NIFTY FMCG index tracks the performance of companies engaged in the fast-moving consumer goods (FMCG) sector. It opened at 53,981.40 and reached a high of 54,027.15 during the trading session. However, it faced some downward pressure, dropping to a low of 53,552.55. The index closed at 53,882.50, reflecting a decrease of -0.11% from the previous close of 53,943.30.

NIFTY IT

The NIFTY IT index comprises companies operating in the information technology sector. It opened at 38,190.75 and reached a high of 38,347.90. However, it faced downward movement, touching a low of 37,780.20. Ultimately, the index closed at 38,029.70, indicating a decrease of -0.87% compared to the previous close of 38,363.15.

NIFTY METAL

The NIFTY Metal index tracks the performance of companies engaged in the metal and mining sector. It opened at 8,004.55 and reached a high of 8,007.50 during the trading session. However, it experienced some decline, reaching a low of 7,904.50. The index closed at 7,955.80, indicating a decrease of -0.32% from the previous close of 7,981.25.

NIFTY PHARMA

The NIFTY Pharma index comprises companies involved in the pharmaceutical sector. On 20 February 2024, it opened at 19,059.55 and reached a high of 19,076.80. However, it faced some downward pressure, dropping to a low of 18,802.20. The index closed at 18,993.00, reflecting a decrease of -0.23% from the previous close of 19,037.70.

NIFTY PSU BANK

The NIFTY PSU Bank index tracks the performance of public sector banks in India. It opened at 7,110.50 and reached a high of 7,150.40. However, it faced fluctuations during the trading session, reaching a low of 7,081.85. The index closed at 7,101.20, indicating no change from the previous close of 7,101.40.

NIFTY OIL & GAS

On 20 February 2024, the NIFTY Oil & Gas index comprises companies involved in the exploration, production, refining, and marketing of oil and gas products. It opened at 11,921.35 and reached a high of 11,982.20. It experienced fluctuations, touching a low of 11,788.00. The index closed at 11,943.35, indicating an increase of 0.20% from the previous close of 11,919.70.

Option Chain Data Insights

Examining option chain data for Nifty and BankNifty sheds light on market sentiment and expectations. For the Nifty option chain with a 22 February 2024 expiry, notable changes were observed in open interest (OI) for both call and put options, particularly in the 22100CE and 22100PE strikes. Meanwhile, BankNifty’s option chain with a 21 February 2024 expiry witnessed significant changes in OI, notably in the 47200CE and 47000PE strikes. These changes reflect evolving market dynamics and investor strategies ahead of the respective expiry dates.

Conclusion

The trading session on 20 February 2024 witnessed dynamic movements in the Share Market, with Nifty and BankNifty showcasing notable performances. Despite initial losses, Nifty 50 managed to close with a commendable gain, setting a new high. BankNifty emerged as the star performer of the day, reflecting the resilience of the banking sector. Institutional trading patterns highlighted cautious investor sentiment, with FIIs continuing to sell in the cash segment. As investors navigate through evolving market conditions, staying informed about key indices and institutional activities remains crucial for making informed investment decisions.

Navigating the Share Market On 20 February 2024: Nifty Bank Shines Amidst Market Fluctuations Read More »

19 February 2024: Nifty Fifty Today

On 19 February 2024, the Nifty Fifty index commenced trading on a positive note, opening higher at 22,103.45 compared to the previous day‘s close of 22,040.70. Despite an initial dip to a low of 22,021.05, the Nifty 50 swiftly rebounded and reached a high of 22,186.65. Notably, the day witnessed lower volatility compared to the preceding sessions. Eventually, Nifty closed at 22,122.25, marking a gain of 0.37%. The day’s performance showcased a steady trajectory for Nifty, reflecting a resilient market sentiment.

Today’s NSE Share Bazaar

Nifty Bank Today

Simultaneously, Bank Nifty today exhibited positive momentum, starting its journey with a gain of 170 points at 46,554.90 from the previous close of 46,384.85. The index registered a low of 46,317.70 in early trade but recovered swiftly, reaching a high of 46,717.40 during the day. However, Bank Nifty closed slightly below its peak at 46,535.50, recording a gain of 0.32%. While Bank Nifty today showcased upward movement, its gains were relatively lower compared to Nifty, indicating nuanced dynamics within the banking sector.

FII DII Cash Data Analysis for 19 February 2024

Analyzing FII/FPI and DII trading activity on 19 February 2024 reveals notable trends. While DIIs exhibited a buying spree with equity purchases worth 452.70 crores, FIIs engaged in selling, with net sales amounting to 754.59 crores in the cash segment. This contrast in institutional behavior reflects divergent market perspectives. Notably, the long-to-short ratio in FII index futures increased steadily, reaching 0.65, underscoring FIIs’ cautious stance amidst market fluctuations.

FII Derivative Statistics for 19 February 2024

You can download the image provided below, which contains the FII derivative statistics for 19 February 2024.

FII derivative stats For 19 february 2024

Nifty Index Insights

Examining the NSE Nifty’s performance on 19 February 2024, the index demonstrated resilience amidst market volatility. Opening at 22,103.45, Nifty witnessed intraday fluctuations, with a high of 22,186.65 and a low of 22,021.05. However, it managed to sustain upward momentum, eventually closing at 22,122.25, marking a gain of 0.37%. Noteworthy gainers in the Nifty index included GRASIM, BAJAJFINSV, and BAJAJ-AUTO, while COALINDIA, LT, and SBILIFE emerged as top losers.

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BankNifty Performance Overview

BankNifty, reflecting the banking sector’s performance, displayed a similar trend to Nifty on 19 February 2024. Opening at 46,554.90, the index experienced fluctuations throughout the day, with a high of 46,717.40 and a low of 46,317.70. Despite facing early challenges, BankNifty closed positively at 46,535.50, registering a gain of 0.32%. Notable gainers in the BankNifty index included AUBANK, ICICIBANK, and BANDHANBNK, while BANKBARODA, PNB, and FEDERALBNK emerged as top losers.

Sectoral Indices Performance Analysis

In addition to the broader indices like Nifty and BankNifty, sectoral indices offer valuable insights into the performance of specific segments within the market. Let’s delve into the performance of key sectoral indices on 19 February 2024:

  • NIFTY NEXT 50: The NIFTY NEXT 50 index tracks the performance of the next 50 companies after the Nifty 50 on the NSE. On 19 February 2024, it opened at 58,838.30 and reached a high of 58,897.75. Despite fluctuations, it closed at 58,650.30, reflecting a modest gain of 0.11%. This index’s performance provides insights into the broader market beyond the top 50 companies, offering a glimpse into mid-cap companies’ performance.
  • NIFTY MIDCAP 50: The NIFTY MIDCAP 50 index represents the performance of the top 50 mid-cap companies on the NSE. Opening at 14,092.45, it experienced slight fluctuations throughout the day, with a high of 14,092.50 and a low of 14,009.95. Eventually, it closed at 14,022.25, indicating a marginal decline of 0.09%. The performance of this index sheds light on the growth potential and risk appetite associated with mid-cap stocks.
  • NIFTY AUTO: The NIFTY AUTO index comprises companies in the automobile sector. Opening on 19 February 2024 at 20,514.20, it saw a high of 20,548.80 and a low of 20,380.90. It closed at 20,481.60, marking a gain of 0.28% from the previous close. This index’s performance is influenced by factors such as consumer sentiment, demand for vehicles, and regulatory changes impacting the automotive industry.
  • NIFTY FMCG: The NIFTY FMCG index represents the fast-moving consumer goods sector. Opening at 53,645.55, it reached a high of 54,121.60 and a low of 53,576.00. It closed at 53,943.30, reflecting a notable gain of 0.79% from the previous close. This index’s performance is indicative of consumer spending patterns, brand strength, and market penetration of FMCG companies.
  • NIFTY IT: The NIFTY IT index tracks the performance of IT companies listed on the NSE. Opening on 19 February 2024 at 38,526.95, it reached a high of 38,559.85 and a low of 38,042.65. It closed at 38,363.15, indicating a slight decrease of 0.30% from the previous close. This index’s performance is influenced by global technological trends, currency fluctuations, and demand for IT services.
  • NIFTY METAL: The NIFTY METAL index comprises companies in the metal sector. Opening at 8,018.35, it reached a high of 8,035.50 and a low of 7,965.00. It closed at 7,981.25, marking a marginal gain of 0.06% from the previous close. This index’s performance is closely linked to factors such as commodity prices, global demand, and government policies affecting the metal industry.
  • NIFTY PHARMA: The NIFTY PHARMA index represents pharmaceutical companies listed on the NSE. Opening at 18,938.70, it reached a high of 19,079.30 and a low of 18,897.20. It closed at 19,037.70, reflecting a gain of 0.88% from the previous close. Factors such as regulatory approvals, research and development pipelines, and global healthcare trends influence this index’s performance.
  • NIFTY PSU BANK: The NIFTY PSU BANK index tracks the performance of public sector banks in India. Opening at 7,165.35, it reached a high of 7,185.15 and a low of 7,090.35. It closed at 7,101.40, marking a decrease of 0.47% from the previous close. This index’s performance is closely tied to factors such as government policies, economic conditions, and asset quality of public sector banks.
  • NIFTY OIL & GAS: The NIFTY OIL & GAS index represents companies in the oil and gas sector. Opening at 11,893.60, it reached a high of 11,995.65 and a low of 11,849.25. It closed at 11,919.70, reflecting a gain of 0.55% from the previous close. This index’s performance is influenced by factors such as crude oil prices, global demand-supply dynamics, and regulatory changes affecting the energy sector.

Option Chain Data Analysis for 19 February 2024

Delving into option chain data for Nifty and BankNifty reveals significant insights into market sentiment and expectations. In the Nifty option chain for the 22 February 2024 expiry, notable changes in open interest (OI) were observed, particularly in the 22200CE and 22100PE strikes. Conversely, for BankNifty’s option chain with a 21 February 2024 expiry, substantial changes were recorded in the 46500PE and 46400PE strikes. These changes highlight evolving market dynamics and investor strategies ahead of the respective expiry dates.

Conclusion

The trading session on 19 February 2024 portrayed a mix of optimism and caution in the Indian stock market. While Nifty and BankNifty showcased positive gains, institutional trading patterns underscored nuanced market sentiments. Option chain data provided further insights into market expectations and investor strategies. As investors navigate through dynamic market conditions, staying informed about key indices and institutional activities remains paramount for making informed investment decisions.

19 February 2024: Nifty Fifty Today Read More »

Nifty 50 Today: Steady Performance On 16 February 2024 Amid Volatility

On 16 February 2024, the Nifty 50 index displayed a commendable performance, opening higher at 22,020.30 in comparison to the previous day’s close of 21,910.75. The market witnessed an initial low of 21,968.95, followed by a resilient upward movement throughout the trading session. Despite fluctuations, the index managed to reach a high of 22,068.65, reflecting a positive sentiment among investors. The day concluded with the Nifty 50 closing at 22,040.70, marking a notable gain of 0.59%. The day’s performance showcased stability amidst underlying volatility in the market, offering a reassuring outlook for investors.

Today’s NSE Share Bazaar

Bank Nifty Today: Moderate Gains Reflecting Market Sentiment

Bank Nifty commenced its trading journey on 16 February 2024 with a promising gain, starting at 46,454.30, up from the previous close of 46,218.90. However, the index experienced a minor dip, touching a low of 46,264.40 at the onset of trading. Throughout the day, Bank Nifty displayed resilience, reaching a peak of 46,693.40. Despite exhibiting less pronounced gains compared to the Nifty 50, Bank Nifty closed at 46,384.85, reflecting a decent increase of 0.36%. The performance of Bank Nifty today mirrored the cautious yet positive sentiment prevalent in the banking sector.

FII DII Cash Data Analysis On 16 February 2024:

On 16 February 2024, Foreign Institutional Investors (FII) displayed a moderate buying trend in the cash segment, acquiring assets worth 253.28 crores. Conversely, Domestic Institutional Investors (DII) exhibited a stronger buying sentiment, with investments totaling 1,571 crores. This data indicates a shift from the previous day’s selling trend among FIIs, suggesting a potential resurgence in market confidence. Moreover, the long-to-short ratio in Index futures of FIIs continued its upward trajectory, standing at 0.62, reflecting increasing optimism among institutional traders.

FII Derivative Statistics for 16 February 2024

You can download the image below containing the FII derivative statistics for 16 February 2024.

FII derivative stats For 16 february 2024

NSE Nifty: Index Highlights and Sectoral Performance

The NSE Nifty displayed notable movements throughout the day, opening at 22,020.30 and reaching a high of 22,068.65. Among the top gainers within the Nifty Index were WIPRO, SBILIFE, and M&M, while POWERGRID, BRITANNIA, and SBIN were among the top losers. The performance of sectoral indices varied, with sectors like Auto and Pharma showing significant gains, while others like FMCG and Oil & Gas witnessed marginal declines.

Bank Nifty: Sectoral Trends and Top Performers

Bank Nifty showcased moderate gains, starting at 46,454.30 and peaking at 46,693.40. Key gainers within the Bank Nifty Index included FEDERALBNK, BANDHANBNK, and IDFCFIRSTB, while SBIN, AXISBANK, and KOTAKBANK were among the top losers. The sectoral performance of banks reflected a mixed sentiment, with certain banks driving the index higher while others experienced minor setbacks.

Also Read:

Sectoral Indices Analysis: Insights into Different Market Segments

  • 1. Nifty Auto: The Nifty Auto index tracks the performance of companies in the automobile sector. On 16 February 2024, the index showcased notable gains, reflecting positive sentiment within the auto industry. With a significant increase in the index from the previous day, investors witnessed strong performance from companies operating in the automotive sector.
  • 2. Nifty FMCG: The Nifty FMCG index monitors the performance of fast-moving consumer goods companies. Despite experiencing marginal declines, the FMCG sector remained relatively stable on 16 February 2024. While certain companies within this sector may have faced challenges, others managed to maintain resilience, contributing to the overall performance of the index.
  • 3. Nifty IT: The Nifty IT index represents information technology companies listed on the stock exchange. On 16 February 2024, the IT sector witnessed a notable increase in the index, indicating positive investor sentiment towards technology stocks. This performance could be attributed to factors such as increased demand for technology services and products.
  • 4. Nifty Metal: The Nifty Metal index tracks the performance of metal companies, including steel, aluminum, and mining companies. On 16 February 2024, the index displayed steady gains, reflecting a positive outlook for the metal sector. Factors such as rising demand for metals in infrastructure and construction projects may have contributed to the sector’s performance.
  • 5. Nifty Pharma: The Nifty Pharma index monitors pharmaceutical companies listed on the stock exchange. On 16 February 2024, the Pharma sector exhibited a significant increase in the index, indicating robust performance within the pharmaceutical industry. Factors such as innovation in drug development and increasing healthcare expenditure may have fueled the sector’s growth.
  • 6. Nifty PSU Bank: The Nifty PSU Bank index comprises public sector banks listed on the stock exchange. On 16 February 2024, the index witnessed mixed performance, with some banks recording gains while others experienced declines. Factors such as changes in government policies and economic conditions can significantly impact the performance of PSU banks.
  • 7. Nifty Oil & Gas: The Nifty Oil & Gas index tracks companies in the oil and gas exploration, production, and distribution sectors. On 16 February 2024, the index displayed a slight decline, reflecting challenges within the oil and gas industry. Factors such as fluctuating oil prices and geopolitical tensions may have influenced the sector’s performance.

Option Chain Analysis: Insights for Traders

Examining the option chain data for both Nifty and Bank Nifty expiries revealed interesting trends. For the Nifty 22 February 2024 expiry, notable changes in Open Interest Calls were observed at 22200CE and 22100CE, whereas significant shifts in Open Interest Puts were noted at 22100PE and 22000PE. Similarly, in the Bank Nifty 21 February 2024 expiry, notable changes were observed in Open Interest Calls at 46400CE and 46500CE, with significant movements in Open Interest Puts at 46500PE and 46400PE. These insights provide valuable information for traders to make informed decisions regarding their options trading strategies.

In conclusion, the Nifty 50 exhibited a commendable performance, demonstrating resilience amidst market volatility, while Bank Nifty reflected moderate gains, indicating a cautious yet optimistic sentiment. The data regarding FII and DII trading activities, along with option chain analysis, offer valuable insights for investors and traders, aiding them in navigating the dynamic landscape of the stock market.

Nifty 50 Today: Steady Performance On 16 February 2024 Amid Volatility Read More »

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.

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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.

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

Exploring Share Bazaar Update on 14 February 2024: FII DII Data

Nifty 50 India: A Day of Recovery

On 14 February 2024, the Nifty 50 index opened on a lower note at 21,578.15, facing the repercussions of a downturn in the US markets. However, displaying resilience, the index swiftly rebounded, reaching a low of 21,530.20 in initial trade before embarking on an upward trajectory. Throughout the trading session, the market witnessed steady growth, with Nifty 50 surging to a high of 21,870.85. Eventually, the index closed at 21,840.05, marking a commendable gain of 0.45%.

Today’s NSE Share Bazaar

NIFTYBANK: Weekly Options Expiry Boosts Recovery

Similarly, NIFTYBANK commenced its journey on 14 February 2024 at 45,014.65, slightly lower than the previous close of 45,502.40. Experiencing a low of 44,860.75 at the beginning of trade, the index showcased resilience, reaching a high of 46,170.45 during the day. Notably, it was BankNifty’s weekly options expiry, where short coverings played a pivotal role in driving the index’s recovery. Consequently, BankNifty closed at 45,908.30, with a significant gain of 0.89%.

FII/FPI and DII Cash Segment Data on 14 February 2024

On 14 February 2024, Foreign Institutional Investors (FII) recorded significant selling activity, amounting to -3,929.60 Crores in the cash segment. Conversely, Domestic Institutional Investors (DII) exhibited robust buying, accumulating equities worth 2,897.98 Crores in the cash segment. This notable FII sell figure marked a departure from recent trends, impacting market sentiment. The long-to-short ratio in FII’s Index futures marginally increased to 0.56, indicating a cautious yet slightly optimistic stance compared to the previous day.

FII Derivative Statistics for 14 February 2024

You can save the image below for the FII derivative statistics for 14 February 2024.

FII derivative stats For 14 february 2024

Sectoral Indices Performance On 14 February 2024

  • NIFTY NEXT 50: The index opened at 56,477.15 and displayed resilience throughout the day, closing at 57,672.40, reflecting a substantial change of 1.37%.
  • NIFTY MIDCAP 50: Representing mid-cap companies, the index showcased positive momentum, opening at 13,510.75 and closing at 13,776.35, marking a change of 1.01%.
  • NIFTY AUTO: Reflecting the automotive sector, the index opened at 19,300.50 and closed at 19,716.00, showcasing a significant gain of 1.46%.
  • NIFTY FMCG: Representing fast-moving consumer goods, the index displayed resilience, opening at 53,224.35 and closing at 53,839.05, reflecting a change of 0.76%.
  • NIFTY IT: The IT sector index faced challenges, opening at 37,724.75 and closing at 37,775.40, marking a change of -1.12%.
  • NIFTY METAL: Reflecting metal companies, the index opened at 7,694.60 and closed at 7,874.80, showcasing a notable gain of 1.77%.
  • NIFTY PHARMA: The pharmaceutical index opened at 18,714.45 and closed at 18,584.35, reflecting a change of -0.90%.
  • NIFTY PSU BANK: Representing public sector banks, the index opened at 6,620.05 and closed at 6,934.15, marking a significant change of 3.24%.
  • NIFTY OIL & GAS: Reflecting oil and gas companies, the index opened at 11,197.25 and closed at 11,639.85, showcasing a notable gain of 3.10%.

Also Read:

Option Chain Insights

Analyzing the option chain for Nifty with a 15 Feb 2024 expiry, significant changes were observed in Open Interest Calls and Puts. Notable shifts were witnessed in Calls at 21800CE, 21850CE, and 21700CE, while Puts at 21900PE, 21800PE, and 21700PE saw substantial increases in Open Interest.

For BankNifty with a 21 Feb 2024 expiry, significant changes were noted in Open Interest Calls and Puts. Notable shifts were observed in Calls at 46000CE, 45800CE, and 45500CE, whereas Puts at 45000PE, 45700PE, and 46200PE displayed substantial increases in Open Interest.

In conclusion, the share bazaar update on 14 February 2024 portrayed a day of recovery, with indices showcasing resilience amidst global market fluctuations. Insights from FII/FPI data and the option chain provided valuable perspectives for investors, enabling them to navigate the dynamic landscape of the stock market effectively.

Exploring Share Bazaar Update on 14 February 2024: FII DII Data Read More »

Navigating the Indian Stock Market on 13 February 2024

On 13 February 2024, the Indian stock market witnessed a dynamic trading session, with indices showcasing notable movements. Let’s delve into the key highlights of the day, focusing on the performance of major indices, FII/DII data, and insights from the option chain.

Today’s NSE Share Bazaar

Nifty Index Movement on 13 February 2024

The Nifty index commenced the day on a positive note, opening higher at 21,664.30 compared to the previous day’s close of 21,616.05. It experienced fluctuations throughout the trading session, touching a low of 21,543.35 initially. However, displaying resilience, the Nifty surged to a high of 21,766.80 by 11:15 AM. Despite intermittent dips, the index closed at 21,743.25, marking a gain of 0.59%.

BankNifty Performance

Similarly, the BankNifty index embarked on its journey at 45,056.80, surpassing the previous close of 44,882.25. Experiencing a low of 44,819.55 at the beginning of trade, BankNifty soared to a high of 45,750.40 during the day. Eventually, it closed at 45,502.40, showcasing a gain of 1.38%.

FII and DII Cash Segment Activity on 13 February 2024

Foreign Institutional Investors (FII) exhibited buying activity in the cash segment, accumulating equities worth 376.32 Crores. Concurrently, Domestic Institutional Investors (DII) also contributed to the positive sentiment by purchasing equities valued at 273.94 Crores. The long-to-short ratio in FII’s Index futures marginally increased to 0.54, indicating a bullish stance compared to the previous day.

FII Derivative Statistics for 13 February 2024

You can save the image below for the FII derivative statistics for 13 February 2024.

fii-derivative-stats-For-13-february-2024

Sectoral Indices Analysis

  • NIFTY NEXT 50: This index saw a positive movement, on 13 February 2024 opening at 56,425.10 and closing at 56,893.05, reflecting a change of 1.01%.
  • NIFTY MIDCAP 50: The mid-cap index opened at 13,607.80, reaching a high of 13,658.75 and closing at 13,638.45, showcasing a change of 0.44%.
  • Nifty Auto Index: The Nifty Auto index, representing the automotive sector, opened at 19,504.95 and witnessed moderate fluctuations throughout the trading session. Despite minor ups and downs, the index managed to close at 19,433.05, marking a marginal change of 0.07%.
  • Nifty FMCG Index: Reflecting the performance of fast-moving consumer goods companies, the Nifty FMCG index opened at 53,345.40. Throughout the day, it showcased resilience, touching a high of 53,534.80 and eventually closing at 53,432.05, registering a modest change of 0.26%.
  • Nifty IT Index: The Nifty IT index, representing the information technology sector, opened at 38,070.40 and experienced fluctuations in line with broader market movements. By the end of the trading session, it closed at 38,204.00, showcasing a change of 0.26%.
  • Nifty Metal Index: Reflecting the performance of metal companies, the Nifty Metal index opened at 7,806.50. However, it witnessed downward pressure, touching a low of 7,547.20 and closing at 7,737.85, marking a notable change of -2.07%.
  • Nifty Pharma Index: Representing pharmaceutical companies, the Nifty Pharma index opened at 18,705.15 and displayed resilience amid market volatility. It closed at 18,753.95, showcasing a change of 0.45% by the end of the trading session.
  • Nifty PSU Bank Index: The Nifty PSU Bank index, representing public sector banks, opened at 6,648.25 and showcased positive momentum throughout the trading session. It closed at 6,716.55, marking a notable change of 1.20%.
  • Nifty Oil & Gas Index: Reflecting the performance of oil and gas companies, the Nifty Oil & Gas index opened at 11,256.10 and exhibited resilience amidst market fluctuations. By the end of the trading session, it closed at 11,289.65, registering a change of 0.45%.

Sectoral indices on 13 February 2024 portrayed a mix of performances, with some sectors showcasing resilience while others facing challenges. These sectoral insights provide valuable perspectives for investors and analysts, enabling them to make informed decisions amidst dynamic market conditions.

Also Read:

Option Chain Insights On 13 February 2024

Analyzing the option chain for Nifty with a 15 Feb 2024 expiry, notable changes in Open Interest Calls and Puts were observed. Calls at 21800CE, 21600CE, and 21700CE witnessed declines, while Puts at 21700PE, 21800PE, and 21600PE saw increases in Open Interest.

For BankNifty with a 14 Feb 2024 expiry, significant changes were noted in Open Interest Calls and Puts. Calls at 45500CE, 45300CE, and 45000CE experienced reductions, whereas Puts at 45000PE, 45700PE, and 45300PE displayed varying levels of Open Interest shifts.

In conclusion, the Indian stock market on 13 February 2024 depicted a mix of volatility and resilience, with indices recording gains amidst FII and DII participation. Additionally, insights from the option chain provided valuable perspectives for market participants, reflecting underlying sentiments and potential trends.

Navigating the Indian Stock Market on 13 February 2024 Read More »

Bulls Regain Momentum on 9 February 2024: NSE Share Market Update

In the dynamic realm of the National Stock Exchange (NSE), 9 February 2024 witnessed a day of resurgence as market indices showcased a mixed but predominantly positive performance. Let’s delve into the intricate movements within the Nifty and BankNifty indices, coupled with insights into FII/DII activities and the intriguing options chain data.

Today’s NSE Share Bazaar

Nifty Index Insights: On 9 February 2024

Starting the day on a steady note, the Nifty index opened flat at 21,727.00, mirroring the sentiment from the previous close of 21,717.95. However, it swiftly navigated a brief downturn, hitting a low of 21,629.90 around mid-morning. The index, demonstrating resilience, surged towards the closing hours, marking a notable high of 21,804.45. Ultimately, the Nifty concluded the day at 21,782.50, exhibiting a modest gain of 0.30%. This subdued volatility was a welcome relief compared to recent sessions, signifying a potentially stabilizing market sentiment.

BankNifty Dynamics:

Following a setback in the wake of the RBI Policy announcement, BankNifty reclaimed its lost ground on 9 February 2024. The index commenced the day on a flat note at 44,986.75, echoing the previous day’s closing figures. Despite a slight dip early on, with a low of 44,859.15, the banking index witnessed a remarkable turnaround. Surging ahead, it peaked at 45,718.15 during the closing hours, concluding the day at 45,634.55, marking an impressive uptick of 1.38%. This resurgence underlines the sector’s resilience and potential for robust recovery.

FII/DII Cash Activity: On 9 February 2024

The day’s trading activity saw FII injecting vitality into the market, with a net buying value of 141.95 crores in the cash segment. Conversely, DIIs opted to offload equity, recording sales worth 421.87 crores in the cash segment. This juxtaposition underscores the diverse strategies adopted by institutional investors, contributing to the market’s dynamic flux. Additionally, the long-to-short ratio in FII index futures stood at 0.52, indicating a balanced approach to derivative positions.

FII Derivative Statistics for 9 February 2024:

You can refer to the image below for the FII derivative statistics for 9 February 2024.

fii-derivative-stats-For-9-february-2024

Sectoral Indices Performance:

Beyond the broader indices, sectoral indices exhibited noteworthy performances on 9 February 2024:

  • Nifty Next 50 (NIFTY NEXT 50): Despite a slight decline in performance, with an opening at 57,811.55 and a closing at 57,432.90, the index showcased resilience amidst market fluctuations, reflecting a change of -0.40%.
  • Nifty Midcap 50 (NIFTY MIDCAP 50): Witnessing a marginal downturn, the index opened at 13,976.30 and concluded at 13,840.90, reflecting a change of -0.77%. Despite this, the midcap segment displayed stability amidst broader market movements.
  • Nifty Auto: The index opened at 19,709.75 and closed at 19,576.00, reflecting a change of -0.37%.
  • Nifty FMCG: Opening at 53,536.85 and closing at 53,867.10, the index showcased a modest uptick of 0.41%.
  • Nifty IT: Reflecting the impact of broader market trends, the index opened at 37,891.50 and closed at 37,699.25, reflecting a change of -0.40%.
  • Nifty Metal: Witnessing a downturn, the index opened at 8,235.45 and closed at 8,095.60, reflecting a change of -1.54%.
  • Nifty Pharma: Reflecting resilience, the index opened at 18,569.15 and closed at 18,617.10, reflecting a modest gain of 0.52%.
  • Nifty PSU Bank: Witnessing positive momentum, the index opened at 6,906.85 and closed at 6,944.95, reflecting a change of 0.97%.
  • Nifty Oil & Gas: Reflecting sector-specific dynamics, the index opened at 11,750.15 and closed at 11,541.40, reflecting a change of -1.39%.

Also Read:

Options Chain Analysis:

Delving into the intricacies of the options chain data for 9 February 2024 Nifty and BankNifty, noteworthy trends emerge. In the Nifty options expiring on 15 February 2024, notable changes in open interest calls include a surge in interest for 22000CE, 21800CE, and 21700CE. Conversely, in puts, heightened activity is observed for 21700PE, and 21600PE, while 21900PE witnessed a decline. On the other hand, analyzing BankNifty options expiring on 14 February 2024, significant shifts are noted in open interest calls, notably 45500CE, while 45500PE, 45700PE, and 45600PE witnessed increased activity in puts.

Conclusion:

In conclusion, 9 February 2024 unfolded as a day of resurgence within the NSE share market. With Nifty and BankNifty indices exhibiting positive momentum, bolstered by FII inflows, the market showcased resilience amidst dynamic external factors. Furthermore, insights gleaned from the options chain data provide valuable cues for market participants, enabling informed decision-making. As the market continues to navigate fluctuations, astute investors remain poised to capitalize on emerging opportunities, driving the trajectory of India’s financial landscape.

Bulls Regain Momentum on 9 February 2024: NSE Share Market Update Read More »