Indian equity benchmark -- Nifty -- ended Thursday’s trade with cut of over half a percent amid weekly F&O expiry. Market made a cautious start and extended its losses amid unabated foreign capital outflows. FIIs continued their selling spree, offloading shares worth Rs 3,362.18 crore on January 8. Besides, traders were worried ahead of earnings season. Traders overlooked Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Abhishek Dev’s statement that Indian exporters have huge opportunities to increase their share in the global agriculture trade from the current 2.4 per cent. The global agriculture trade is about $2 trillion. He said that given these numbers, ‘huge opportunities’ are there to increase exports from the country. In afternoon session, index continued its downward trade amid weakness in global markets. China’s entrenched consumer disinflation further dented sentiment. In late afternoon session, market touched its day’s low level as traders avoided to take risk. Finally, Nifty ended below its psychological 23,550 level.
Most of the sectorial indices ended in red except FMCG. The top gainers from the F&O segment were SRF, Navin Fluorine International and Marico. On the other hand, the top losers were HUDCO, Oil India and Kalyan Jewellers India. In the index option segment, maximum OI continues to be seen in the 24900 - 25150 calls and 23450 - 23600 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: