Indian equity benchmarks ended the Monday session on a strong note, with the Nifty closing near 25,950, posting a firm finish ahead of the October F&O expiry. Going ahead, analysts say a sustained move above last week’s high 26100 levels will open up further upside towards 26,300 and 26,500 levels in the coming sessions.
STATE OF THE MARKETS
- Tech View: On the lower end, support is placed at 25,700, below which weakness might emerge. On the higher end, resistance is seen at 26,000; a decisive move or close above this level could trigger a rally towards 26,500 in the short term.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 2.3% to settle at 11.86 levels.
Stocks in F&O ban today
1) SAIL
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 sold shares worth Rs 56 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,492 crore.
Rupee
The rupee plunged 36 paise to close at 88.19 against the US dollar on Monday, as broad strength in crude oil prices and month-end dollar demand from importers weighed on investor sentiment.