Indian equity benchmark -- Nifty -- ended in positive terrain on Tuesday after long wakened following mixed cues from global markets. After making cautious start, soon index turned positive and extended its gains, as market participants took encouragement with Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh’s statement that foreign direct investments into India is likely to gather momentum in 2024 as healthy macroeconomic numbers, better industrial output as well as attractive PLI schemes will attract more overseas players amid geopolitical headwinds and tighter interest rate regime globally.
In afternoon session, Index continued to trade in positive terrains and remained higher till the end, as sentiments got boost with Union Food and Consumer Affairs Minister Piyush Goyal’s statement that the Centre has taken many proactive steps in the past few years to control retail prices of food items, and that the government would keep inflation under control while ensuring the country's economic growth. Sentiments remained positive as private report said the Indian economy is likely to grow 6.7% in FY24, staying resilient despite external headwinds as domestic demand and improving investments provide support.
Most of the sectorial indices ended in green except IT, Media and PSU Bank stocks. The top gainers from the F&O segment were Tata Chemicals, Aarti Industries and Laurus Labs. On the other hand, the top losers were RBL Bank, Manappuram Finance and PVR INOX. In the index option segment, maximum OI continues to be seen in the 21900 - 22100 calls and 20900 - 21100 puts indicating this is the trading range expectation.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: