The ongoing selling by FIIs and weak Indian rupee led the domestic market to continue surrendering its gains, with all major sectors trading under pressure. 

The Indian markets extended their nosedive further on Friday amid weak global cues and broad-based selloff across sectoral indices. Banking and Consumer Durables stocks weighed the most on pushing benchmarks Sensex and Nifty 50 off the cliff, while Pharma and IT stocks also contributed to the downside substantially. Today the FII net selloff was recorded at Rs -4,679.84 crore and DII Inflow Rs 769.26 crore was recorded.  

List of the futures contracts that are generating the highest as well as the lowest returns for the day.

To strengthen the presence in the country's new financial & technology gateway, Kotak Mahindra Bank Limited (KMBL) today announced that it has signed a Memorandum of Understanding (MoU) with GIFT SEZ Limited (GIFT SEZ), enabling both to work together towards greater enhancement of the financial services eco-system in GIFT IFSC for AIFs and Global Custody Services.

The Indian indices slipped further down into red territory in Thursday's trading session. Today the FII net selloff was recorded at Rs 2,704.77 crore and DII outflow of Rs 195.07 crore was recorded. Markets witnessed a sharp selloff during the major part of the trade, as across the board profit booking weighed in. 

BSE Small-cap index held its ground and outperformed broader markets by closing at 30,551.15, marginally up by 0.03 per cent. 

Interestingly, it was the IT sector again that provided the much-needed support to the index and this was quite evident from the fact that among the top three contributors, two were from the IT sector namely, Infosys & TCS.   

You must have heard of the proverb, ‘birds of a feather flock together’, similarly, all these companies from the metal sector have appeared in the T20 breakout system, which clearly indicates that this sector is likely to be in the limelight in the coming days. 

Interestingly, the index moved in a range of 116 points, which was the narrowest in the last seven trading sessions; as a result, the index has formed an NR7 bar.  Among sectoral indices, Nifty Energy and Nifty IT were the top two gainers while on the flip side, Nifty Metal & Nifty FMCG turned out to be the top losers.

Going ahead, the stock-specific action is likely to be seen on D-Street, and hence, we have shortlisted some stocks based on the T20 breakout system.