Indian equity benchmark -- Nifty -- ended Tuesday’s trading session in a negative terrain with minor losses. After making a cautious start, soon index turned volatile amid cautiousness as US Treasury yields scaled a fresh 16-year peak. Foreign fund outflows also dampened sentiments in the markets. According to the provisional data available on the NSE, foreign institutional investors (FII) offloaded shares worth net Rs 2,333.03 crore on September 25, 2023. In afternoon session, index slipped near day’s low point, as traders paid no attention towards the Global Trade Research Initiative’s (GTRI) statement that steps like streamlining port and customs operations, and setting up of national trade network will help Indian firms integrate with global value chains and add $1.2 trillion in the country’s foreign trade by 2030.In last leg of trade, index trimmed most of its losses but unable to surpass neutral line and ended in a negative terrain.
Traders were seen piling up positions in FMCG, Auto and Realty stocks, while selling was witnessed in Media, PSU Bank and IT. The top gainers from the F&O segment were Vodafone Idea, Dixon Technologies (India) and Colgate-Palmolive (India). On the other hand, the top losers were Shriram Finance, Glenmark Pharmaceuticals and Mphasis. In the index option segment, maximum OI continues to be seen in the 19700 - 19900 calls and 18900 - 19100 puts indicating this is the trading range expectation.
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