Nifty ended marginally lower on Wednesday as profit-booking emerged in select sectors. Analysts expect Indian equities to trade in a narrow range this week amid lack of triggers and reduced trading activity due to holidays across several global markets.
STATE OF THE MARKETS
- Tech View: The support base has now shifted to 26,000, which also coincides with the 21-DMA, while the upside potential remains open toward the 26,300 level. Additionally, India VIX continues to hover near its historical lows around 9.40, offering reassurance to the prevailing bullish sentiment.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 9.19 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 1,721 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 2,381 crore.
Rupee
The rupee pared initial gains and settled for the day lower by 8 paise at 89.71 against the US dollar on Wednesday, fuelled by persistent capital withdrawals from foreign investors, alongside heightened greenback demand from bullion importers.
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