Indian equity benchmark index -- Nifty -- ended higher for sixth consecutive session on Monday, after US president Donald trump indicates flexibility on reciprocal tariffs starting from April 2. Index made a positive start and remined in green terrain amid foreign fund inflows that shown Foreign Institutional Investors (FIIs) bought equities worth Rs 7,470.36 crore on Friday, according to exchange data. Some support also came with report that the Government has disbursed Rs 14,020 crore under Production-Linked Incentive schemes for ten sectors, including electronics and pharma, since the launch of the support measure to boost domestic manufacturing.
Market continued its firm trade in late afternoon secession amid the data released by Reserve Bank of India shown that India's forex reserves increased to $654.27 billion in the week ending March 14, 2025, up by $0.305 billion. In last leg of the trade, index continued gaining rally and closed above 23,650 mark.
All sectorial indices ended in Green. The top gainers from the F&O segment were Indian Renewable Energy Development Agency, Hindustan Aeronautics, and Jubilant Foodworks. On the other hand, the top losers were Jindal Stainless, Vodafone Idea and IndusInd Bank. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22400 - 22600 puts indicating this is the trading range expectation.
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