SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nifty ends lower on weekly F&O expiry day

12 Dec 2024 Evaluate

Indian equity benchmark -- Nifty -- ended Thursday’s trading session near the day’s low point amid expiry of weekly derivatives contracts. After making cautious start, soon index slipped into red, as traders were worried after Asian Development Bank (ADB) in its latest edition of Asian Development Outlook (ADO) stated that it lowered India’s economic growth forecast to 6.5 per cent for the current financial year (FY25) from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. It has also lowered India’s growth forecast for 2025-26 financial year. Some concern also came as exchange data showed Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 1,012.24 crore. 

In afternoon session, index extended its losses to touch day’s low point, as sentiments were downbeat with the reports stating that the elevated inflation does not offer the Reserve Bank any space for an interest rate cut in the next policy review in February and the whole of FY26 as well. The street failed to get any sense of relief with a report by the PHD Chamber of Commerce and Industry (PHDCCI) stating that India's states have demonstrated remarkable economic resilience in the aftermath of the COVID-19 pandemic, with 25 states achieving over 7 per cent growth in their Gross State Domestic Product (GSDP) during FY22 and FY23. Among these, 17 states surpassed an impressive 9 per cent growth rate, with Gujarat, Kerala, Telangana, Rajasthan, West Bengal, Bihar, Karnataka, Uttar Pradesh, Haryana, and Odisha standing out for their robust economic performance during 2021-22 and 2022-23. At the end, market closed with losses of 93.10 points.

Most of the sectorial indices ended in red except IT and Metal stocks. The top gainers from the F&O segment were Adani Green Energy, Adani Energy Solutions and Max Healthcare Institute. On the other hand, the top losers were National Aluminium Company, Jubilant FoodWorks and Indus Towers. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 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:

×