Nifty 50 ends August series over 3% higher; here's what to expect in September series

The Nifty50 benchmark finished the August derivatives (futures & options) series with a gain of 785.85 pts or 3.06 per cent.  The exorbitant gains have been seen as Nifty continues to hit new highs after the August 5 global sell-off as the latest Fed Powell's cemented rate cut hopes. The rate cut in the economy bodes well for emerging economies as it catalyses fund inflow into emerging markets then.

FIIs have so far during the August series offloaded Rs 1,801 crore in the futures segment. While, in the options segment, they net bought in equities worth Rs 87,864.84 crore.

Even though market analysts remain optimistic on the India growth story, stretched valuations are likely to weigh. Nifty ended the August series at 25,152, up 0.4 per cent, after clinging a fresh record high of 25,192.9 earlier on the last trading session today.

Pertinently, in August, Nifty witnessed the second highest gains after the June series wherein gains were to the tune of 1,555 points.

Bank Nifty posted a unique trend and saw second consecutive month of losses after March 2023.

Furthermore, Nifty August series saw OI change at 17.25 per cent, adding 10.07 lakh shares.\

Here's what the sectoral gauges look like in the August F&O series: