Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
- Tech View: On the downside, support remains intact at 24,900; a decisive break below this level could trigger a correction in the market. On the other hand, a sustained move above 25,260 may induce a fresh rally.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.97% to settle at 10.72 levels.
Stocks in F&O ban today
RBL Bank
IEX
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 2,133 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 2,617 crore.
Rupee
The rupee pared initial gains to settle just 1 paisa higher at 86.40 against the US dollar on Thursday, as investors remained cautious amid risk aversion in global markets and an overnight recovery in crude oil prices.
FII data
The position of FIIs in the futures market reduced from a net short of 1.45 lakh crore on Wednesday to Rs 1.45 lakh crore on Thursday.