Indian equity benchmarks extended their losing streak on Friday, closing lower for the fifth consecutive session amid weak global cues and rising geopolitical tensions, along with persistent concerns over potential US trade tariffs. Today, Q3 earnings will take centre stage, with IT stocks in focus as TCS and HCL Tech announce results. Any commentary from the US on trade policy and deal negotiations will also be keenly watched.
STATE OF THE MARKETS
- Tech View: Market sentiment appears decisively negative. In the short term, the trend might remain weak, with potential downside towards 25,550–25,500. On the higher end, resistance is placed at 25,850.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 3.07% to settle at 10.92 levels.
Stocks in F&O ban today
SAIL
Sammaan Capital
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 3,769 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5,596 crore.
Rupee
The rupee declined 28 paise to settle at 90.18 against the US dollar on Friday, weighed down by elevated global crude oil prices and persistent foreign fund outflows amid rising geopolitical tensions.
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