Extending losing streak for 2nd straight session, Indian equity benchmark -- Nifty ended sharply lower with cut of over two percent on Wednesday amid renewed escalation in West Asia and surge in crude oil prices. Index made a gap-down start following negative cues from other Asian markets. Soon, index extended its losses and remained under pressure throughout the session as U.S. President Donald Trump declared that the Iran ceasefire is ‘over’ following fresh strikes in the West Asia, fulling renewed energy supply disruption in the region. Meanwhile, rupee depreciation against US dollar also dampened market sentiment. In last leg of the session, Nifty witnessed sharp selloff across the sectors and ended the session below 23,900 mark.
All sectorial indices ended in red. The top gainers from the F&O segment were Kalyan Jewellers India, Multi Commodity Exchange of India and National Aluminium Company. On the other hand, the top losers were L&T Finance, Jubilant Foodworks and 360 One Wam. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 26.03% and reached 14.68. The 50 share
Start Research-backed Investing ...Now. Subscribe to Sapphire
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: