Markets made a partial recovery from the sharp morning losses amid escalation in geopolitical tensions, following US airstrikes on Iranian nuclear facilities over the weekend. Overall, analysts expect Indian Equities to remain in consolidation mode, with investors closely tracking development on the global geopolitical front.
STATE OF THE MARKETS
- Tech View: Indian equities may continue to offer buying opportunities as long as the Nifty sustains above this level. On the higher side, if it moves above 25,000, it may head towards 25,350 in the short term.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 2.7% to settle at 14.05 levels.
Stocks in F&O ban today
RBL Bank
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 1,874 crore on Friday. DIIs, meanwhile, were net bought at Rs 5,592 crore.Rupee
The rupee plunged 23 paise to close at a five-month low of 86.78 against the US dollar on Monday amid a strengthening greenback and volatile crude oil prices following the US strike on Iran’s nuclear facilities.
FII data
The position of FIIs in the futures market reduced from a net short of Rs 96962 crore on Thursday to Rs 96,368 crore on Friday.