NSE Share Bazaar Update on 25 January 2024: Nifty and BankNifty Navigate Volatility

Explore the market dynamics of NSE Share Bazaar on 25 January 2024, unraveling FII/DII data. Gain insights into the day’s stock movements and plan your strategies wisely.

Today’s NSE Share Bazaar

Introduction

On 25 January 2024, the NSE Share Bazaar experienced a day of mixed sentiments, marked by fluctuations in share prices, option chain movements, and crucial FII/DII trading activity. In this comprehensive analysis, we delve into the performance of NSE Nifty, BankNifty, and other key indices, shedding light on top gainers and losers, option chain data, and the influence of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) on the market.

NSE Nifty Highlights On 25 January 2024

The day commenced with Nifty opening at 21,454.60, nearly identical to the previous close of 21,453.95. Despite a flat start, Nifty plunged to a low of 21,247.05, witnessing a dip of over 200 points. However, the market rebounded in the closing hours, ending the day at 21,352.60, reflecting a marginal loss of -0.47%. This oscillation provided a ray of hope for investors, especially considering the monthly expiry of futures and options contracts.

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BankNifty Performance On 25 January 2024

Parallelly, BankNifty followed a similar trajectory, initiating the day at 45,057.95. Experiencing a low of 44,429.00, it showcased resilience in the closing session, concluding at 44,866.15 with a decrease of -0.48%. The recovery in the afternoon session contributed to optimism among traders, hinting at a positive start for the next trading session on 29 January 2024.

Nifty Index Snapshot

Let’s now delve into the specifics of Nifty indices on 25 January 2024, highlighting the open, high, low, and closing prices along with notable gainers and losers.

NSE NIFTY:

  • Open: 21,454.60
  • High: 21,459.00
  • Low: 21,247.05
  • Close: 21,352.60
  • Previous Close: 21,453.95
  • Change: -0.47%

Top Gainers:

  1. BAJAJ-AUTO
  2. ADANIPORTS
  3. NTPC

Top Losers:

  1. TECHM
  2. CIPLA
  3. BHARTIARTL

BANKNIFTY:

  • Open: 45,057.95
  • High: 45,139.05
  • Low: 44,429.00
  • Close: 44,866.15
  • Previous Close: 45,082.40
  • Change: -0.48%

Top Gainers:

  1. PNB
  2. INDUSINDBK
  3. IDFCFIRSTB

Top Losers:

  1. AUBANK
  2. BANDHANBNK
  3. HDFCBANK

Other Key Indices On 25 January 2024

  • NIFTY NEXT 50:
    • Change: 0.15%
  • NIFTY AUTO:
    • Change: 0.11%
  • NIFTY MIDCAP 50:
    • Change: -0.87%
  • NIFTY FMCG:
    • Change: -1.15%
  • NIFTY IT:
    • Change: -1.6%
  • NIFTY METAL:
    • Change: 0.14%
  • NIFTY PHARMA:
    • Change: -1.3%
  • NIFTY PSU BANK:
    • Change: 0.13%

FII/FPI and DII Trading Activity in Cash Segment

On the FII/FPI and DII front, the trading activity on 25 January 2024 reflected the following in ₹ Crores:

  • DII:
    • Buy Value: 12,353.83
    • Sell Value: 8,878.94
    • Net Value: 3,474.89
  • FII/FPI:
    • Buy Value: 34,280.27
    • Sell Value: 36,424.33
    • Net Value: -2,144.06

FII/FPI and DII Data in Derivative Segment on 25 January 2024

FII/FPI and DII Trading Activity in Derivative Segment on 25 January 2024

Option Chain Data

Examining the option chain data for Nifty and BankNifty, specific attention should be given to the top three changes in Open Interest Calls and Puts.

NIFTY – 1 Feb 2024 Expiry:

  • Top 3 Changes in Open Interest Calls:
    1. 21400CE: 24,558
    2. 21500CE: 23,473
    3. 21300CE: 16,047
  • Top 3 Changes in Open Interest Puts:
    1. 21400PE: 12,581
    2. 21300PE: 11,715
    3. 21500PE: 12,162

BANKNIFTY – 31 Jan 2024 Expiry:

  • Top 3 Changes in Open Interest Calls:
    1. 45000CE: 68,967
    2. 44800CE: 19,984
    3. 44900CE: 15,593
  • Top 3 Changes in Open Interest Puts:
    1. 45000PE: 37,795
    2. 44800PE: 18,293
    3. 44900PE: 11,841

Conclusion

In conclusion, the NSE Share Bazaar on 25 January 2024 showcased resilience in the face of initial volatility, with indices recovering in the closing hours. The intricate analysis of Nifty, BankNifty, and other key indices, coupled with insights into FII/DII activity and option chain data, equips investors with valuable information to navigate the ever-evolving landscape of the stock market. As traders anticipate the next session on 29 January 2024, the market dynamics remain dynamic, emphasizing the need for strategic decision-making in the days ahead.

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