By theindianinvestor 
Monday, 27th January 2025
Time : 8:00 AM IST
insights :
1. On Friday, Nifty fell by 113 points and finally closed at 23,092.
2. After opening, Nifty fell by 80 points, recovered 240 points to reach the day’s high, and in the second half, it fell by nearly 250 points. Markets were highly volatile on Friday.
3. Nifty smallcap and midcap indices were down by 2.5% and 1.3% respectively, indicating broader market selling.
4. FII’s sold for more than Rs. 2,700 crores in the cash market.
5. FII’s are covering their short positions in the index. On Friday, they covered 11.8k shorts and added 7k longs. Their shorts now stand at 80% vs. 81% earlier.
6. ICICI Bank announced Q3 results with mixed numbers. Net profits beat estimates, and NII was in line with expectations.
7. ICICI ADR is up by 2%, which may support Bank Nifty today.
8. On Friday, US markets closed in the red, and Dow futures are also trading lower.
9. The dollar index is trading below 107.6 after several days, and the US 10-year bond yield is trading at 4.59%, consolidating at this level.
10. Asian markets are trading mixed.
11. GIFT Nifty indicates more than a 150-point gap down for our markets.
12. January has been a very volatile series. Nifty has fallen by nearly 1,200 points since the beginning of this month and still we have 1 week to go.
13. Reliance is not supporting the markets even after good results. It has fallen by Rs. 85 from its results day’s high.
14. Putin has stated that he is ready to talk with Trump regarding the Russia-Ukraine war, which will be positive if the war comes to a conclusion.
15. Markets can remain highly volatile within a range.
16. Nifty is expected to trade within the range of 22,850 to 23,450.