Market Pulse (India)

Market context decides most stock outcomes: on big index days, most large caps move with NIFTY. Build the brief from verifiable data with timestamps. Never fill gaps with plausible-sounding numbers.

When and what

Time (IST)	Brief	Key inputs
07:30–09:00	Pre-market	GIFT Nifty vs NIFTY's previous close, US close (S&P 500, Nasdaq), Asia open (Nikkei, Hang Seng, Kospi), Brent, USD/INR, US 10Y, DXY, overnight news, results today, F&O ban list
09:00–09:15	Pre-open	NIFTY pre-open equilibrium price, gap size, gap-up/down breadth
Intraday	Pulse check	NIFTY/BANKNIFTY vs key levels, VIX change, sector heatmap, advance/decline, OI shifts at the nearest expiry
After 18:00	Post-market wrap	Close, breadth, sector winners/losers, FII/DII provisional cash data, participant-wise F&O OI, bulk/block deals, tomorrow's events

Data sources (prefer the first that works)

1. Broker MCP for index quotes and candles (NIFTY 50, NIFTY BANK, INDIA VIX and sector indices).
2. ta.py with yfinance: NIFTY, BANKNIFTY, SENSEX, INDIAVIX, NIFTYIT, NIFTYAUTO, NIFTYPHARMA, NIFTYFMCG, NIFTYMETAL, NIFTYREALTY, NIFTYENERGY, NIFTYPSUBANK, NIFTYINFRA, NIFTYMIDCAP150, NIFTYSMALLCAP250 (Yahoo has no history for NIFTY MEDIA or MIDCAP 100). For the full sector rotation table, run sector-rotation.
3. Web (WebSearch/WebFetch) for GIFT Nifty, FII/DII provisional figures (published by NSE each evening), the F&O ban list, the results calendar, bulk and block deals, and the RBI and economic calendars. nseindia.com blocks scripted requests, so use news or broker pages that republish the figures, and cite them.
4. Deeper reads: fii-dii-flows for flow streaks and the FII index-futures long/short ratio from NSE's participant-wise OI file, and market-breadth for a breadth health score.

for s in NIFTY BANKNIFTY INDIAVIX NIFTYIT NIFTYAUTO NIFTYPHARMA NIFTYFMCG NIFTYMETAL NIFTYREALTY; do
  python3 ../technical-analysis/scripts/ta.py summary --symbol $s --json > pulse_$s.json; done

Reading the inputs

• GIFT Nifty trades nearly 21 hours on NSE IX. A gap against NIFTY's previous close previews the open. Its premium includes a small futures carry, so don't treat every 20 points as a signal.
• FII/DII cash flows. Persistent FII selling with DII (mutual fund SIP) buying is the recurring pattern. DIIs often absorb FII selling, so headline FII outflows alone rarely mean a crash. Look at multi-day streaks and size relative to the past month.
• Participant-wise OI. A FII index-futures long/short ratio below about 20–25% is extreme short positioning, which is prone to short-covering rallies. Above about 60–70% is crowded long.
• India VIX. Below 12 is complacent, 12–18 normal, 18–25 stressed, and above 25 panic. A rising VIX with a falling NIFTY is normal fear. A rising VIX with a rising NIFTY is an unusual warning.
• Breadth. An advance/decline ratio above 2 is broad strength; below 0.5 broad weakness. NIFTY up on weak breadth means a handful of heavyweights are carrying it.
• Sector rotation. Rank sector indices by 1-week and 1-month return and by distance from SMA50. Leaders above a rising SMA50 are where long setups concentrate.
• Event calendar. RBI MPC (six meetings a year), CPI (around the 12th of each month), GDP, the Union Budget (1 Feb), US Fed and CPI, quarterly results season (within 45 days of quarter end; 60 for Q4), and index rebalancing (semi-annual; large passive flows on the effective date).

Regime label (end every brief with one)

Regime	Conditions	Implication for trades
Risk-on trend	NIFTY above rising SMA50/200, VIX < 15, breadth > 1.5	Normal size, buy pullbacks in leaders
Choppy / range	NIFTY between flat MAs, VIX 13–18, mixed breadth	Half size, fade extremes, take quick profits
Correction	NIFTY below SMA50, VIX rising, breadth < 0.7	Smaller size, tighter stops, cash is a position
Stress	VIX > 22, gap-downs, FII heavy selling	Capital preservation, hedges, no new leverage

Output

# Market pulse — [date] [time IST] ([pre-market | intraday | post-market])
**Regime:** [label] — [one-line reason]

| Item | Value | As of / source |
|---|---|---|
| GIFT Nifty | [value] ([±pts] vs NIFTY close) | [hh:mm IST], [source] |
| NIFTY / BANKNIFTY | [close] / [close] | [close dd-mmm], [source] |
| India VIX | [value] ([±%]) | [close dd-mmm] |
| FII / DII cash | [−/+₹x cr] / [−/+₹y cr] | provisional, [dd-mmm], [source] |
| Breadth (A/D) | [adv/dec] | [time] |

**Levels:** NIFTY support .. / ..; resistance .. / .. (chart + OI walls)
**Sectors:** leaders .., laggards ..
**Today:** results (..), F&O ban (..), events (..), expiry (..)
**What would change the view:** ..

Every number needs its timestamp and source. Say "not available" rather than guessing.