SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nifty extends losses for third consecutive day

18 Jan 2024 Evaluate

Indian equity benchmark -- Nifty -- ended Thursday’s trading session in negative terrain on weekly F&O expiry. Index made a lower start and traded below its neutral line till the end, amid foreign fund outflows. Provisional data from the NSE showed that foreign institutional investors (FIIs) sold shares worth Rs 10,578.13 crore on January 17. Traders overlooked RBI Governor Shaktikanta Das’ statement that consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent.

In afternoon session, index trimmed some of its losses but continued to trade on a lower note, amid signs that global central banks including the Federal Reserve and the European Central Bank will not rush to lower interest rates as previously anticipated. Traders were cautious as external affairs minister S Jaishankar said that Houthi attack in Red Sea would hit India’s energy and economy. He stressed that the issue should be speedily addressed. Finally, index ended with over half-percent cut and settled below 21,500 mark. 

Traders were seen piling up positions in Pharma, PSU Bank and Realty stocks, while selling was witnessed in Consumer Durables, Metal and Private Bank. The top gainers from the F&O segment were Oracle Financial Services Software, Apollo Tyres and Tata Communications. On the other hand, the top losers were LTIMindtree, Indian Energy Exchange and ICICI Prudential Life Insurance Company. 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.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×