Indian equity markets declined for a second consecutive session amid profit-booking in heavyweight stocks and renewed geopolitical concerns. Analysts expect the market to trade sideways, with tussle between positive Q3 business updates being weighed down by geopolitical uncertainty.
STATE OF THE MARKETS
- Tech View: The Nifty has slipped as weakness continues to prevail after the formation of a new lifetime high yesterday. On the lower end, it found intraday support around 26100. The trend looks likely to remain range-bound in the near term.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.05% to settle at 10.02 levels.
Stocks in F&O ban today
SAIL
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 107 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1749 crore.Rupee
The rupee snapped its four-day losing streak and appreciated by 12 paise to settle at 90.18 against the American currency on Tuesday, driven by foreign banks’ dollar supply and a tentative return of inflows from foreign funds.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)