Indian equity benchmark -- Nifty -- ended with minor losses on Thursday. Market made a slightly positive start but soon entered into red amid FII outflow. Foreign institutional investors (FII) offloaded shares worth Rs 421.77 crore on October 11, provisional data from the National Stock Exchange (NSE) showed. Besides, traders preferred to book profit after recent consecutive sessions of gains. Market remained volatile till the end of the session, as traders were cautious after the latest estimates by the IMF showed that India’s debt-to-GDP ratio is projected to peak at 82.3% in FY25, and then it may gradually ease to touch 80.5% in FY29. International Monetary Fund’s Deputy Director, Fiscal Affairs Department, Ruud de Mooij said that India has a high debt like that of China but the risks associated with it are not as great as that of its northern neighbour. Some concerns also came as Petroleum and Natural Gas Minister Hardeep Singh Puri warned surging oil prices could hinder the economic recovery of many nations by curbing demand.
Most of the sectorial indices ended in green except PSU Bank, IT and Realty stocks. The top gainers from the F&O segment were NMDC, GAIL and PVR Inox. On the other hand, the top losers were MCX, Tech Mahindra and Infosys. In the index option segment, maximum OI continues to be seen in the 19900 - 20100 calls and 18900 - 19100 puts indicating this is the trading range expectation.
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