Dear
Trader…
The Indian equity market recorded its strongest weekly gain
in four years, driven by a confluence of supportive factors: attractive
valuations following a prolonged correction, growing expectations of an RBI
rate cut, the return of foreign inflows, robust domestic institutional
participation, and favorable global cues. Investor sentiment toward India
remains structurally positive. The country is increasingly being viewed as a
long-term growth story, underpinned by strong digital infrastructure, ongoing
economic reforms, favorable demographics, and rising consumption potential.
Periodic market corrections continue to provide opportunities
for reallocation into high-quality Indian equities with improved risk-reward
profiles. While the recent rebound may signal a shift in market momentum,
global uncertainties—including geopolitical tensions and tariff-related
disruptions—remain key risks. Going forward, the market’s direction will hinge
on a sustained recovery in domestic consumption and resilient corporate
earnings.
Nifty futures opened at 23482 points against the previous
close of 23379 and opened at a low of 23441 points. Nifty Future closed with an
average movement of 288 points and a rise of around 319 points and 23699 points…!!
On the NSE, the midcap 100 index will rise 1.30% and smallcap 100 index is closing rise
1.10%. Speaking of various sectoral indices, PSU Bank, Private
Bank, Realty, Oil & Gas and IT stocks saw heavy gains on the NSE, while all
other sectoral indices also closed higher.
At the start of intra-day trading, April gold opened at Rs.87786,
fell from a high of Rs.87928 points to a low of Rs.87554 with a decline of 30 points,
a trend of around Rs.87748 and May Silver opened at Rs.98179, fell from a high
of Rs.98480 points to a low of Rs.97874 with a rise of 121 points, a trend of
around Rs.98005.
Meanwhile, FIIs
stood as net buyers in equities as per March 24 data: NSDL The FIIs as per
Monday’s data were net buyers in equity and debt segments both, according to
data released by the NSDL. In equity segment, the gross buying was of Rs 46532.47
crore against gross selling of Rs 41269.25 crore. Thus, FIIs stood as net
buyers of Rs 5263.22 crore in equities.
In the debt
segment, the gross purchase was of Rs 4556.04 crore with gross sales of Rs
2971.57 crore. Thus, FIIs stood as net buyers of Rs 1584.47 crore in debt. Of
the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs
790.17 crore, they stood at net buyers in Debt-VRR segment at Rs 581.6 crore,
while net buyers in Debt-FAR segment at Rs 212.7 crore.
In the
hybrid segment, the gross buying was of Rs 1045.05 crore against gross selling
of Rs 970.94 crore. Thus, FIIs stood as net buyers of Rs 74.11 crore in hybrid
segment.
Technically, the important key resistances are placed in Nifty future are at 23808 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23838 – 23878 levels. Immediate support is placed at 23606 – 23570 levels.
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