Muhurat Trading reflected cautious optimism compared to the subdued tone of 2024. The Sensex rose 84,600 and Nifty hovered near 25,900, with most of the sectors in green, led by IT, banking, auto and pharma shares. The Nifty index is currently trading at a CY26 forward P/E of 18x, slightly above its average of 17x, suggesting that the potential for further downside is limited, and analysts expect the Nifty to improve from current levels.
STATE OF THE MARKETS
- Tech View: The RSI has entered a highly ambitious momentum zone and looks ready to strengthen in the coming sessions. In the short term, a rally towards 26,000/26,200 looks possible, while support is placed at 25,700.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.5% to settle at 11.30 levels.
Stocks in F&O ban today
1) Samman Capital
2) 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 bought shares worth Rs 97 crore on Tuesday. DIIs, meanwhile, were net sellers at Rs 607 crore.Rupee
The rupee rose 9 paise to close at 87.93 against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices.