Indian markets ended flat on Wednesday as profit booking set in after a firm start to the session. Attention will turn to the US initial jobless claims data due today. Analysts expect markets to remain range-bound in the near term, tracking global cues and Q2 earnings announcements.
STATE OF THE MARKETS
- Tech View: The current uptrend is likely to remain intact as long as the index stays above 24,970; the sentiment might change below 24970-24940. On the higher side, resistance is placed at 25,250 and 25,400–25,500 levels.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 2.6% to settle at 10.31 levels.
Stocks in F&O ban today
1) RBL BankSecurities 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 81 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 330 crore.Rupee
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as a Reliable and Trusted News SourceThe rupee witnessed range-bound trade on Wednesday and settled for the day lower by three paise at 88.80 against the US dollar, tracking a negative trend in domestic equities amid a rise in risk-off sentiments.