Mid- Session Update by Stoxkart , a deep discount broke
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On Friday, the benchmark equity indices started the trading session positively, driven by notable gains in key sectors. Markets hit record highs with nifty surpassing above 25700 mark while SENSEX gain nearly 1000 points. Both the metal and auto sectors emerged as top performers, buoying overall market sentiment. The Sensex surpassed the significant milestone of 84,100 for the first time, reflecting strong investor confidence. Meanwhile, the Nifty Bank index reached a fresh record high, indicating robust performance in the banking sector.
In the derivatives market, there was sharp upward movement in index levels primarily due to short covering by call writers. Additionally, significant put writing observed at the 25,500 & 25600 strike indicates that traders are optimistic about the Nifty's performance and view this level as a strong support point which can further encourage bullish sentiment in the market.
Overall, the combination of sectoral strength and positive derivative data indicates a strong and optimistic market outlook heading into the coming sessions.
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