Indian benchmarks snapped two-day losing streak on Monday, led by gains in banking stocks. Analysts expect markets to remain sideways with a marginal positive bias, taking cues from the upcoming Infosys’ AI-focused investor meet and the ongoing India AI Impact Summit, which could provide direction for tech stocks.
STATE OF THE MARKETS
- Tech View: If the Nifty holds above 25,600 till the close, the uptrend may continue in the near term. On the higher side, it could move towards 25,800 and above. However, a fall below 25,500 may reactivate bearishness in the market.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.2% to settle at 13.33 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 972 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1667 crore.
Rupee
The rupee settled with a loss of 8 paise at 90.74 against the US dollar on Monday, weighed down by a strong American currency and foreign fund outflows.
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