Markets ended the week lower, with benchmark indices declining around 1% amid rising concerns over artificial intelligence-led disruption and a sharp sell-off in technology stocks. With ongoing repricing in tech stocks and concerns around AI disruption, a selective and risk-managed approach remains advisable, say analysts.
STATE OF THE MARKETS
- Tech View: From a technical standpoint, the setup has turned relatively cautious, with the index slipping below its 20DMA for the first time in the past few sessions. Additionally, it has breached the 38.2% Fibonacci retracement of the prior upmove from 24,571 to 26,341.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 15% to settle at 13.50 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 7,395 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5554 crore.
Rupee
The rupee consolidated in a narrow range and settled for the day 5 paise lower at 90.66 against the US dollar on Friday, tracking the strength of the American currency in the overseas market and a negative trend in domestic equities.
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