Indian stock markets ended slightly higher on Monday after a volatile session. Market participants are now turning their attention to upcoming inflation prints from both India and the US, which are expected to influence the US Federal Reserve’s monetary policy outlook.
STATE OF THE MARKETS
- Tech View: Nifty is expected to consolidate within a broader range of 24,600–24,950 ahead of the weekly expiry. A decisive breakout above the 25,000 mark is crucial to trigger a fresh leg of the uptrend. If this breakout occurs, it could pave the way for a rally towards 25,300, and potentially extend to 25,500.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.53% to settle at 10.84 levels.
Stocks in F&O ban today
1) RBL BankSecurities 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 2,170 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3,014 crore.Rupee
The Indian Rupee began the week on a firmer note, with USD/INR correcting to 88.25 after briefly touching a new lifetime high above 88.50 on Friday, a move that reportedly prompted RBI intervention to stabilize the currency.FII Data
The position of FIIs in the futures market increased from a net short of Rs 1.91 lakh crore on Friday to Rs 1.192 lakh crore on Monday.
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