Indian Equity Benchmark -- Nifty ended marginally higher on Friday amid optimism over India-US trade deal entered into final phase. Expressing optimism over early conclusion of India-US trade agreement, External Affairs Minister S Jaishankar stated that this historic trade agreement is in the final stages of detailing and is likely to be completed very soon. Index made a negative start following weak global cues. Soon, index extended its losses and continued its choppy trade in red amid renewed foreign fund outflow weighted on market sentiments. As per exchange data, Foreign Institutional Investors (FII) offloaded equity worth Rs 2,150.51 crore on Thursday. During the noon hour, index witnessed some recovery but unable to hold it and slipped again. However, in dying hour of the session, index regain some traction and managed to end the session in green terrain. Traders took some encouragement as Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) revised its growth projection for India’s Gross Domestic Product (GDP) to 7.4% from 7.3% for FY26. The quarterly projections for FY27 were also revised, with growth estimated at 6.9% and 7% in the first and second quarters of the fiscal year, respectively, up from 6.7% and 6.8%.
Traders were seen piling up positions in FMCG, Private Bank and Realty stocks, while selling was witnessed in IT, Pharma and Auto. The top gainers from the F&O segment were Hitachi Energy India, FSN E-Commerce Ventures and Life Insurance Corporation of India. On the other hand, the top losers were UNO Minda, Siemens and PB Fintech. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 25400 - 25600 puts indicating this is the trading range expectation.
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