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Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking 

Indian benchmark indices ended flat in a highly volatile session on July 2. At close, the Sensex was down 34.74 points or 0.04 percent at 79,441.45, and the Nifty was down 18.20 points or 0.08 percent at 24,123.80.

The Nifty, after a gap-up opening, reached an all-time high of 24,236.45. However, after a volatile session, it finally settled at 24,117.80. If the price closes above the 24,200 level, it could further rise to the 24,500 and 24,600 levels. Conversely, the 24,000 and 23,800 levels will act as immediate support. The market is expected to remain sideways and volatile within the 24,000 to 24,250 range.

On the sectoral front, capital goods, information technology, realty, and oil & gas rose 0.3-1 percent, while banking, auto, FMCG, and power sectors were down 0.3-0.9 percent. The BSE midcap index shed 0.5 percent, while the smallcap index ended flat.

The India VIX, which measures market volatility, decreased by 1.37 percent intraday, settling at 13.6400, indicating reduced market fear. Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 24,500 and 24,600 strike prices. On the put side, the highest OI was at the 24,000 strike price.

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