Indian equity benchmark -- Nifty -- ended Thursday’s trading session in negative territory as investors were cautious ahead of a slew of US economic data. After making positive start, soon index wiped out its gains to trade below neutral line, as traders paid no heed towards NITI Aayog CEO B.V.R. Subrahmanyam’s statement that the Free Trade Agreement (FTA) being negotiated between India and the UK is in the final stages with both sides within finger-touching distance to clinch an agreement. The FTA is aimed at significantly enhancing the estimated GBP 38.1 billion a year bilateral trading partnership.
Index continued to trade lower in noon deals despite Reserve Bank of India (RBI) Governor Shaktikanta Das said that India's growth story remains intact. He noted that the central bank’s 7.2 percent GDP growth projection for FY25 is not out of place and structural drivers are playing a bigger role in macroeconomic outcome. RBI Governor further said that data shows fundamentals of growth drivers are gaining momentum. In last leg of trade, index extended its losses to settle near day’s low point.
Traders were seen piling up positions in Media, Consumer Durables and IT stocks, while selling was witnessed in Realty, Oil & Gas and Auto. The top gainers from the F&O segment were Coforge, PVR INOX and Bosch. On the other hand, the top losers Chambal Fertilisers and Chemicals, Dixon Technologies (India) and Bharat Electronics. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 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: