Removing previous session’s gains, Indian equity benchmark -- Nifty ended lower with cut of over one and half percent on Wednesday amid lingering West Asia conflict and recoup crude oil price weighted on market sentiments. After making cautious start, index intensified losses and continued its southward journey till the end of the session. Meanwhile, traders opted to remined on sideline amid ongoing geopolitical developments. Some cautiousness came with sustained foreign fund outflow. As per exchange data, foreign institutional investors sold equities worth Rs 4,672.64 crore on Tuesday. Besides, market participants remained cautious as the rating agency ICRA’s report stated that escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists. It expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6 per cent estimated for FY2026.
Most of the sectorial indices ended in red led by Auto, Private Bank, and PSU Bank. The top gainers from the F&O segment were Premier Energies, Astral and Blue Star. On the other hand, the top losers were Colgate Palmolive (India), TVS Motor Company and Bajaj Finance. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
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