Pre-market action: Here's the trade setup for today's session
Nifty ended marginally higher on Thursday after four consecutive sessions of decline, although gains were capped by persistent FII selling and a record-low rupee. Analysts expect markets to remain in consolidation mode, though a potential rate-cut by the RBI could act as a strong short-term catalyst.
STATE OF THE MARKETS
India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 10.82 levels.
Stocks in F&O ban today
Sammaan Capital
Bandhan Bank
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net sold shares worth Rs 1,944 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,661 crore.
Rupee
The Indian rupee ended above the 90 per dollar level after hitting a record low on Thursday, as dollar sales from multiple foreign banks, likely on account of inflows, helped the currency snap a six-session losing streak.
STATE OF THE MARKETS
- Tech View: In terms of key levels, the subzone of 26000-25950 is expected to provide support against potential declines, while the critical support level, marked by a bullish candle, is around 25850. Conversely, intermediate resistance is identified around 26200, followed by a more formidable barrier at 26325.
- India VIX:
Stocks in F&O ban today
Sammaan Capital
Bandhan Bank
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net sold shares worth Rs 1,944 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,661 crore.
Rupee
The Indian rupee ended above the 90 per dollar level after hitting a record low on Thursday, as dollar sales from multiple foreign banks, likely on account of inflows, helped the currency snap a six-session losing streak.
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