Daily Market Update

📈 Market Recap

07 May 2026, 02:27 AM By InStocks Research Desk

After a gap-up opening, Nifty gradually drifted lower in the first half. However, buying interest around 24,000 triggered a sharp recovery in the latter half, and the index eventually settled positive with a gain of 1.24 percent.

📊 Sector Performance:

• Top Performers: Banking, Financial Services

• Lagging Sectors: FMCG, Oil & Gas

💰 Institutional Activity:

• FIIs: Net sellers of ₹5,834.90 crore

• DIIs: Net buyers of ₹6,836.87 crore

📉 FII Index Futures (Net Contracts):

• Nifty: -3,503

• Bank Nifty: 6,104

• Fin Nifty: 30

• Midcap Nifty: 915

• Nifty Next 50: -8

🔍 Options Market Insights:

• Significant Call side OI: 24,500 Call

• Significant Put side OI: 24,000 Put

• Put-Call Ratio (PCR): 1.18

• Max Pain: 24,250

• VWAP Range: 24,105 – 24,475

Sentiment:

Higher Put writing compared to Call writing → Bullish undertone