Snapping seven-day losing streak, Nifty ended higher with gains of over half a percent on Thursday. Index made a gap up opening following firm cues from global markets. after that, Index maintained its gains till the end of the session, driven by sharp buying in almost all the sectors. Traders took encouragement with report that India’s Ambassador to the US Vinay Mohan Kwatra met US Assistant Secretary of State S Paul Kapur and discussed developments across various pillars of the bilateral partnership. Besides, continued foreign fund inflow boosted trading sentiments. As per exchange data, foreign institutional investors bought Indian equities worth Rs 407.99 crore on August 19. Finally, Nifty ended above 24,200 mark.
Most of the sectorial indices ended in green except Chemicals and PSU Bank stocks. The top gainers from the F&O segment were Multi Commodity Exchange of India, Muthoot Finance and Glenmark Pharmaceuticals. On the other hand, the top losers were Power Finance Corporation, REC and Bharat Dynamics. In the index option segment, maximum OI continues to be seen in the 24400 - 24600 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 decreased by 6.57% and reached 10.58. The 50 share Nifty up by 153.55 point or 0.64% to settle at 24,231.85.
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