By earn 
Nifty’s Performance Overview
After a gap-up start, the Nifty faced significant profit booking around the 25000 mark. This selling pressure dragged the index below 24900, eventually settling flat with a marginal gain of 0.01 percent. Despite the initial optimism, traders saw the higher levels as an opportunity to book profits.
Nifty Midcap 100 Steals the Show
In stark contrast to the Nifty 50, the Nifty Midcap 100 outperformed today, closing with an impressive gain of 1.03 percent. This segment saw robust buying interest, indicating a shift in investor focus towards midcap stocks.
Sector Performance
Among the sectors, Media and PSU Banks emerged as the top performers, leading the gains. On the other hand, IT and FMCG sectors lagged, witnessing a decline as investors rotated out of these defensive sectors into more cyclical and growth-oriented sectors.
Options Market Insights
In the options market, there was a notable concentration of open interest at the 25000 call and 24500 put, indicating key support and resistance levels. The VWAP range for the day was between 24710 and 24975, with the max pain point at 24800. The Put-Call Ratio (PCR) stood at 0.979, reflecting a balanced sentiment among traders.
Institutional Activity
Institutional activity showed divergent trends today. Foreign Institutional Investors (FIIs) were net sellers, with a total activity of 2474.54 crore. Conversely, Domestic Institutional Investors (DIIs) were net buyers, with their activity totaling 5665.54 crore, indicating domestic confidence in the market’s prospects.
FPI Multi Index Futures Activity
In the FPI multi index futures market, the activity was diverse. Finnifty futures saw a volume of 155, Banknifty futures witnessed 21419, MidcapNifty futures recorded 698, NiftyNext50 futures had 126, while Nifty futures faced a negative volume of -1095.
