Indian equity markets closed on a strong note on March 18, with benchmarks maintaining upward momentum through the session. Going forward, analysts say the index sustaining above Wednesday’s low of 23,618 would confirm further extension of the pullback towards the 24,000 and 24,300 levels in the coming sessions.
STATE OF THE MARKETS
- Tech View: On the downside, immediate support is now placed at 23,250, followed by 23,000 levels. Meanwhile, India VIX declined sharply by around 9% and slipped below the 20 mark; a further easing in volatility would lend additional comfort to the bulls.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 5.3% to settle at 18.72 levels.
Stocks in F&O ban todaySamman 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 2,714 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 3,253 crore.
Rupee
The rupee on Wednesday touched a fresh record low of 92.63 against the US dollar, amid a firming greenback and continued foreign fund outflows.
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