Domestic markets ended with gains, driven by positive global cues amid optimism over the US-China trade deal and stronger-than-expected US jobs data. Analysts expect the market to continue its consolidation with a positive bias, while tracking global cues and developments on the geopolitical front.
STATE OF THE MARKETS
- Tech View: The next few sessions will be crucial, if Nifty sustains above this key retracement above 24550–24600 zone, it could trigger the resumption positive momentum that has been missing for last couple of weeks. On the contrary, if the consolidation persists, traders are advised to maintain a positive bias. Intraday supports have now shifted higher to 24350 followed by 24200.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.44% to settle at 18.34 levels.
Stocks in F&O ban today
1) RBL Bank
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 bought shares worth Rs 498 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,789 crore.Rupee
The rupee surged 27 paise to settle at 84.30 against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities.