Indian equity benchmark -- Nifty -- ended near day’s low point on Monday. After making a slightly positive start, soon index entered into red terrain amid heavy selling in PSU stocks. Traders overlooked Central Board of Direct Taxes’ (CBDT) statement that net direct tax collection so far in current fiscal grew 20 per cent year-on-year to Rs 15.60 lakh crore, which is 80 per cent of revised budget estimates for full fiscal year. Traders also paid no heed towards the provisional data from the NSE showing that foreign institutional investors (FIIs) net bought shares worth Rs 141.95 crore on February 9. Index extended its losses in afternoon session, as sentiments were negative, after India Ratings and Research (Ind-Ra) in its latest report said that sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30 per cent for corporates largely dealing in international trade. Finally, index ended with over half-percent cut and settled below 21,650 mark.
Most of the sectorial indices ended in red except IT, Pharma and Healthcare stocks. The top gainers from the F&O segment were Zydus Lifesciences, MRF and Astral. On the other hand, the top losers were Bharat Forge, Hindustan Copper and National Aluminium Company. In the index option segment, maximum OI continues to be seen in the 22900 - 23100 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: