Market Cues for Today:
June Series Expiry is Today
Wall Street closed with a flat performance overnight
Nifty is expected to open with a gain of +40 points
Crude oil remains steady around $68
Global Market Highlights:
Dow Jones down by 0.25%
S&P 500 closes flat
Nasdaq finishes up by 0.31%
NVIDIA reaches a record high, becoming the most valuable company in the world
US 10-Year Yield decreases further to 4.27%
Indian Indices Overview:
Market closed near the day's high, with Nifty above 25,240
Nifty Bank underperformed, gaining only +0.28%
Nifty was driven higher by the IT sector
Small Cap Index saw a gain of 1.5%
Cash Market Flows:
Foreign Institutional Investors (FIIs) sold ₹2,428 Crore
Domestic Institutional Investors (DIIs) bought ₹2,373 Crore
Futures & Options Insights:
June Series Expiry is Today
FIIs purchased ₹528 Crore in Index Futures
FIIs added 77,300 Short Index Puts and covered 21,500 Short Calls
FIIs also acquired 1.25 lakh Long Puts as protection against potential downside
Options Writers' Positions:
Support levels are between 25,100 and 25,150
Resistance levels are above 25,300 to 25,350
Stocks to Watch:
Co-founders of PB Fin are likely to sell 1.1% equity through block deals