STATE OF THE MARKETS
- Tech View: The very short-term trend remains weak, and the Nifty may continue to correct as long as it stays below 24,800. Any rise toward this level could attract selling pressure. On the lower end, support is placed at 24,445 (21EMA); a breakdown below this level could accelerate weakness.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.65% to settle at 17.26 levels.
Asian shares mixed
Asian shares were off to a tepid start at the open Friday and Treasuries held Thursday’s gains in a sign of calming US fiscal fears that rocked markets earlier in the week.
- S&P 500 futures were little changed as of 9:24 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 0.5%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures fell 0.6%
Stocks in F&O ban today
1) RBL Bank
2) Manappuram
3) Dixon
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 5,045 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,715 crore.
Rupee
The rupee depreciated 36 paise to close at 85.95 against the US dollar on Thursday, on dollar demand from importers and foreign banks as well as surge in crude oil prices
FII data
The position of FIIs in the futures market increased from net short of Rs 37,589 crore on Wednesday to Rs 55,309 crore.