Indian equities ended higher on Monday, with Nifty rising 0.8%. Analysts say markets are expected to maintain their gradual upmove, supported by hopes of a resolution, positive global cues and sector or stock-specific news flows driving broader market action. Renewable energy, metals and mining stocks are likely to remain in focus, while summer-related plays may continue to benefit from demand across air conditioners, fans, cold beverages, packaged water and power equipment.
STATE OF THE MARKETS
- Tech View: Going forward, the index might continue to face resistance at 24,115–24,150. A decisive move above 24,150 is required to witness a sustained rally towards higher levels. On the lower end, support is placed at 24,000, below which weakness might increase.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 6% to settle at 18.38 levels.
Stocks in F&O ban today
SAILSecurities 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 1,151 crore on Monday. DIIs, meanwhile, were net buyers at Rs 4,124 crore.
Rupee
The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
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