Indian equities ended lower for the third consecutive session, with benchmark indices giving up early gains as traders booked profits. Analysts expect the markets to track global cues with focus on the US monetary policy decision and FOMC commentary giving insights into the US economic outlook.
STATE OF THE MARKETS
- Tech View: A decisive breakdown below this level could open a correction toward 25,610 and 25,530. On the upside, resistance is placed at 25,870 and 25,960-26000.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.4% to settle at 10.91 levels.
Stocks in F&O ban today
Sammaan Capital
Bandhan 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 1,651 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 3,752 crore.
Rupee
The rupee depreciated 7 paise to close at 89.94 against the US dollar on Wednesday, tracking a negative trend in domestic equities and sustained foreign fund outflows.
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