Indian equity benchmark -- Nifty -- ended at day’s high on Friday ahead of upcoming quarterly results season. Index made a flat-to-positive start following overnight gains on Wall Street as better than expected US employment data eased concern over US economic slowdown. Soon, index turned volatile and started wavering in red and green terrain. Some cautiousness came with exchange data which showed Foreign Institutional Investors (FIIs) sold equities worth Rs 1,771.25 crore on Thursday. Market participants avoided risky bid ahead of Trump’s tariff deadline and expected US-India interim trade deal. In second half, index slipped below its neutral line. However, in late afternoon session, index erased all its losses and entered in green terrain to end at day’s high. Traders took note of Moody’s Ratings in its outlook on Asia Pacific sovereigns said that India may be subject to lower tariffs than many countries in the Asia Pacific (APAC), which could help the economy attract further investment and become a global manufacturing base.
Most of the sectorial indices ended in green except Metal and Auto stocks. The top gainers from the F&O segment were Bosch, Bharat Petroleum Corporation, and Indraprastha Gas. On the other hand, the top losers were Trent, BSE and Angel One. 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.
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