Indian benchmark indices ended on a strong note on March 10, with the Nifty holding above the 24,250 mark. Going ahead, analysts say the index is likely to consolidate and form a base in the range of 24,500-23,700.
STATE OF THE MARKETS
- Tech View: On the downside, immediate support is placed at 24150; a break below this level could trigger renewed selling pressure. If the index slips below 24150, it may decline further towards 23800.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 19% to settle at 18.90 levels.
Stocks in F&O ban today
Samman Capital
SAILSecurities 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 4,673 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 6,333 crore.
Rupee
The rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85, aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)