Indian equities started the week on a flattish note, halting a two-day winning streak amid renewed global trade tensions that dampened sentiment. Analysts expect markets to remain range-bound in the near term, tracking Q2 earnings announcements and evolving global tariff developments. “While institutional inflows and domestic fundamentals provide a cushion, volatility may persist as investors assess trade rhetoric and its implications for global growth,” said Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal.
STATE OF THE MARKETS
- Tech View: the base has shifted higher to the 25,200 strike, indicating strong support at that level. Overall, the data setup looks positive, and a sustained move above 25,300 will confirm a follow-up rally in the index, say analysts.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 9% to settle at 11.01 levels.
Stocks in F&O ban today
1) RBL Bank
2) Samman Capital
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 240 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,333 crore.
Rupee
The rupee appreciated four paise to close at 88.68 against the US dollar on Monday, supported by suspected RBI intervention and optimism about a breakthrough in the India-US trade talks.