Indian equity markets ended marginally higher on Friday, supported by positive sentiment in IT and banking. Analysts expect markets to trade sideways in the near term, with stock-specific action driven by earnings and trade-related developments while any geopolitical escalations will remain a key risk factor.
STATE OF THE MARKETS
- Tech View: In the near term, the market is likely to remain in a consolidation phase, with signs of distribution emerging at higher levels. However, a decisive move above 26,000 could trigger a short-covering rally, indicating the possibility of a short-term bottom formation.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.46% to settle at 11.37 levels.
Stocks in F&O ban today
SAIL
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 4,346 crore on Friday. DIIs, meanwhile, were net buyers at Rs 3935 crore.Rupee
The rupee tumbled for the third straight session, losing 44 paise to settle near its lowest level at 90.78 against the US dollar on Friday, on strong dollar demand and persistent foreign fund outflows.
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