After volatile session, Indian equity benchmark -- Nifty -- finished Saturday’s special trading session in negative terrain with moderate losses due to selling in IT, FMCG and Pharma stocks. Index made a positive start, as trader took some support with the Reserve Bank of India (RBI) stating that India’s forex reserves jumped $1.634 billion to $618.937 billion for the week ended January 12. Traders took note of a private report stating that digitization-led formalization has aided the fiscal math through tax buoyancy on one side and reducing wasteful expenditure (subsidy leakage) on the other. But, soon index turned volatile for the most of the part, amid foreign fund outflows. Foreign institutional investors (FIIs) sold shares worth Rs 3,689.68 crore on January 19, provisional data from the NSE showed.
In late afternoon session, index slipped near day’s low point, as traders were cautious with report stating that retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items. Traders overlooked report that India’s forex reserves jumped $1.634 billion to $618.937 billion for the week ended January 12. The country’s forex kitty had reached an all-time high of $645 billion in October 2021. Finally, index ended below its neutral line with losses of 50.60 points.
Traders were seen piling up positions in PSU Bank, Financial services and Bank stocks, while selling was witnessed in Pharma, IT and FMCG. The top gainers from the F&O segment were Balkrishna Industries, MRF and Apollo Tyres. On the other hand, the top losers were Hindustan Unilever, Can Fin Homes and Godrej Consumer Products. In the index option segment, maximum OI continues to be seen in the 22400 - 22600 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: