Domestic equities ended higher for the third consecutive session with Nifty crossing the crucial 25,000 mark. With this move, analysts said market sentiment remains constructive. Stock-specific action is expected to dominate in the near term as the Q2 results season unfolds, with sectors such as banking, IT, capital goods, and consumption likely to remain in focus.
STATE OF THE MARKETS
- Tech View: Momentum indicators and oscillators have begun to strengthen, suggesting a continuation of the upward move. If the index sustains above the 25,020 mark, a further rally towards 25,500 in the October series appears likely.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.3% to settle at 10.19 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 313 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5,036 crore.Rupee
The rupee consolidated in a narrow range to settle 3 paise lower at an all-time low of 88.82 against the US dollar on Monday, as a strengthening greenback in the overseas market and an overnight jump in crude oil prices pressurised the domestic unit.
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