Markets extended their winning streak for the third successive week and scaled new record highs, supported by improving global risk sentiment and constructive domestic cues. With global rate-cut expectations firming up and India’s domestic growth outlook reinforced by strong GDP data, analysts say the medium-term market structure remains constructive.
STATE OF THE MARKETS
- Tech View: The 21-DMA support at 25,890 remains crucial, and as long as Nifty holds above this level, the broader uptrend and upside momentum are likely to persist.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.4% to settle at 11.62 levels.
Stocks in F&O ban today
Sammaan 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 3,795 crore on Friday. DIIs, meanwhile, were net buyers at Rs 4,148 crore.
Rupee
The rupee dropped 9 paise to settle at 89.45 against the US dollar on Friday, tracking a strong greenback and a rise in international crude oil prices.
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