On Friday, the Nifty gained 1.3% as markets saw relief after two sessions of sharp decline. Analysts said Indian equities might remain cautious due to global risks. The India VIX fell 5.9% to 14.38. Meanwhile, foreign investors sold shares worth Rs 3,569 crore, while domestic investors bought Rs 4,743 crore.
On Friday, markets saw some relief after two consecutive sessions of sharp decline, with the Nifty gaining 1.3%, supported by buying in IT stocks. Analysts say Indian equities are likely to remain cautious amid elevated global risks.
STATE OF THE MARKETS
Tech View: Everything looks bleak, and this sentiment might remain the same for a few more days. The RSI remains in a bearish crossover and has stayed in the oversold zone. On the lower end, support is placed at 22180, below which the index might extend its losses towards 22000. On the higher end, resistance is placed at 22350.
India VIX: India VIX, which is a measure of the fear in the markets, fell 5.9% to settle at 14.38 levels.
Stocks in F&O ban today
1) Bandhan Bank
Live Events
2) Ambuja Cement
3) LIC Housing Finance
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 3,569 crore on Friday. DIIs, meanwhile, were net buyers at Rs 4,743 crore.
Rupee
The rupee appreciated 17 paise to close at 96.71 against the US dollar on Friday, in tandem with its broader Asian peers, supported by a slight softening in the US dollar and crude oil prices.
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
Brinjal, buffalo, bacteria: Inside India’s pay-for-nature system
Homebuyers wait as NCLT panel pick holes in unfinished Jaypee projects
The NBFC saga - Part 3: How one default in 2018 changed the way RBI reads risk
Four rules made HDFC Bank a compounder. All four have stopped. Can the new CEO rewrite them?