Indian equity benchmark -- Nifty -- extended previous session losses and closed sharply lower on Friday amid escalating geopolitical tension between Israel and Iran. Index made a gap-down opening following broadly negative cues from other Asian markets after Israel launched a pre-emptive strike against Iran in a major escalation of the regional conflict, which lead to significant surge in crude oil prices. Further, traders remained cautious as exchange data showed Foreign institutional investors (FIIs) offloaded equities worth Rs 3,831.42 crore on a net basis on Thursday. Soon, index trimmed some of its losses but continued to trade in red terrain till the end of the session and closed below 25,750 mark. Traders overlooked the better-than-expected inflation data for May. India's retail inflation, as measured by the Consumer Price Index (CPI), eased to a six-year low of 2.82 per cent in the month of May 2025 mainly due to a slower increase in food prices.
Traders were seen piling up positions in Media, Realty and IT stocks, while selling was witnessed in PSU Bank, Metal and Private Bank. The top gainers from the F&O segment were Manappuram Finance, Max Healthcare Institute, and ICICI Lombard General Insurance Company. On the other hand, the top losers were Indian Renewable Energy Development Agency, InterGlobe Aviation and Canara Bank. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24400 - 24600 puts indicating this is the trading range expectation.
India Vol
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: