Indian equity benchmark -- Nifty ended lower with cut of over quarter percent on Tuesday amid uncertainty over geopolitical tensions in West Asia. After making negative start, Index extended its losses as elevated crude oil prices pushing inflation fear among investors. Besides, rising US bond yields and uncertainty over US-Iran jitters continued to weigh on market sentiments. However, in late morning deals, market trimmed some losses but failed to hold and continued to trade under pressure till the end of session as traders remained concerned after foreign institutional investors (FIIs) continued their selling spree, offloading Indian equities worth Rs 5,353.22 crore on September 28. Finally, Nifty ended near 23,700 mark.
Most of the sectorial indices ended in red except Metal, Pharma and Media. The top gainers from the F&O segment were Adani Enterprises, Glenmark Pharmaceuticals and Mankind Pharma. On the other hand, the top losers were PB Fintech, Amber Enterprises India and Kfin Technologies. In the index option segment, maximum OI continues to be seen in the 23400 - 23600 calls and 23400 - 23600 puts indicating this is the trading range expectation.
