Markets ended the last week with marginal losses as mixed macroeconomic data, a depreciating rupee, and continued uncertainty over the timing of a potential India-US trade deal kept investor sentiment cautious. The coming week marks the onset of the year-end festive period and will be holiday-shortened due to the Christmas break, which may keep trading volumes subdued.
STATE OF THE MARKETS
- Tech View: Given the recent rebound and a breakout above the falling trend line, a Santa rally in the coming week looks possible, which may propel Nifty towards the 26,200 mark. On the downside, key support is positioned around 25,700.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.9% to settle at 9.52 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 bought shares worth Rs 1,830 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5,723 crore.
Rupee
The rupee appreciated 54 paise to close at 89.66 (provisional) against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices.
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