Indian equity benchmarks witnessed a steep fall on Thursday, with Nifty declining 264 points as investors grappled with concerns over potential US tariffs, continued FII selling and weak global cues. Analysts expect the market to remain under pressure in the near term, dragged by concerns over US tariffs, ongoing geopolitical tensions and weak global market cues.
STATE OF THE MARKETS
- Tech View: Momentum indicators and oscillators have generated a fresh sell crossover on the daily timeframe. On the downside, immediate support is seen at 25,800, followed by 25,720 levels. Additionally, the India VIX surged by 6% to close above the 10.50 mark, which remains a cause for concern.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6.5% to settle at 10.60 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 3,367 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 3,701 crore.
Rupee
The rupee settled 3 paise lower at 89.90 against the US dollar on Thursday, amid sustained outflow of foreign funds and a stronger greenback.
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