Domestic equities consolidated for the second consecutive session, after a sharp rally last week. In the near term, analysts expect the market to remain firm with continued action in sectors and broader market. Companies scheduled to report earnings today include Dixon Technologies, Max Healthcare, Hindalco, Torrent Pharma, among others.
STATE OF THE MARKETS
- Tech View: For day traders, now 25,000 would act as a trend decider level. Below this, we could see an intraday correction down to 24,850-24,800. On the other hand, a breach of 25,000 could change the sentiment. Above this, the market could rally up to 25,100-25,150.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 4.9% to settle at 17.36 levels.
Stocks in F&O ban today
1) Titagarh Wagons2) Manappuram
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 bought shares worth Rs 526 crore on Monday. DIIs, meanwhile, were net buyers at Rs 238 crore.
Rupee
The rupee appreciated 15 paise to settle at 85.42 against the US dollar on Monday, on weak US dollar index and a decline in crude oil prices.
FII data
The position of FIIs in the futures market stayed flat at Rs 23,325 crore on Friday to net short of Rs 23,498 crore on Monday.