Indian equities ended higher, led by a sharp rally in metal stocks and optimism around the GST council meet. Analysts expect the market to remain range-bound, tracking global cues and sector-specific developments with policy decisions from the GST Council serving as the immediate catalyst.
STATE OF THE MARKETS
- Tech View: A decisive move above 24,750 could trigger a stronger rally, potentially taking the Nifty towards 25,000. On the downside, support is placed at 24,650, and a break below this level may lead to a decline towards 24,500.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.1% to settle at 10.93 levels.
Stocks in F&O ban today
1) 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 1,666 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 2,495 crore.Rupee
The rupee recovered 13 paise from its all-time low level to settle at 88.02 against US dollar on Wednesday, on positive domestic equities, softening of crude oil prices and weak US dollar index.FII Data
The position of FIIs in the futures market increased from a net short of Rs 1.8 lakh crore on Tuesday to Rs 1.82 lakh crore on Wednesday.
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