Snapping its three-day losing streak, Indian equity benchmark -- Nifty -- ended higher on Monday. Index made a slightly positive start following positive cues from other Asian markets. Soon, index gained traction and continued to trade in green amid renewed foreign fund inflow. As per exchange data, the Foreign institutional Investors’ (FII’s) were net buyer on Friday’s session, with a net buying of equities worth Rs 4,581.34 crore. Market participants opted to buy fundamentally strong stocks at lower levels. Besides, some optimism came as Chief Economic Advisor V Anantha Nageswaran exuded confidence that economic growth would be upwards of 6.8% in FY26 driven by consumption boost provided by GST rate cut and income tax relief. In afternoon session, index continued its firm trade. However, in last leg of the trade, index trimmed some of its gains but continued its trade in green till the end of the session. Finally, index ended above 25,550 mark.
Traders were seen piling up positions in IT, Pharma and Metal stocks, while selling was witnessed in Media, Realty and FMCG. The top gainers from the F&O segment were National Aluminium Company, UNO Minda and Torrent Pharmaceuticals. On the other hand, the top losers were Trent, NCC and Max Healthcare Institute. 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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