Daily Market Update

📈 Market Recap

08 May 2026, 02:09 AM By InStocks Research Desk

After a positive opening, Nifty witnessed a volatile trading session, oscillating between 24,285–24,485, and eventually settled flat with a marginal loss of 0.02 percent.

The Nifty Midcap 100 index outperformed, closing positive with a gain of 1.10 percent.

📊 Sector Performance:

• Top Performers: Auto, Realty

• Lagging Sectors: IT, Consumer Durables

💰 Institutional Activity:

• FIIs: Net sellers of ₹340.89 crore

• DIIs: Net buyers of ₹441.07 crore

📉 FII Index Futures (Net Contracts):

• Nifty: -3,725

• Bank Nifty: 139

• Fin Nifty: 3

• Midcap Nifty: 2,225

• Nifty Next 50: 5

🔍 Options Market Insights:

• Significant Call side OI: 24,500 Call

• Significant Put side OI: 24,000 Put

• Put-Call Ratio (PCR): 1.01

• Max Pain: 24,300

• VWAP Range: 24,150 – 24,520

Sentiment:

Higher Call writing compared to Put writing → Cautious undertone