Indian equities recouped early losses to end flat on Wednesday. Q1 results due today include Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, Indian Hotels, among others. Analysts expect markets to consolidate with a positive bias, supporting improving rural and healthcare trends, and any progress on India–US trade negotiations.
Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
- Tech View: As long as Nifty remains above 25,000 on a closing basis, the sentiment is likely to stay bullish, with a “buy on dips” strategy appearing favourable. On the higher side, a decisive move above 25,260 could trigger a rally towards 25,500 and beyond.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 11.24 levels.
Stocks in F&O ban today
Angel One
Hindustan Copper
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.
Rupee
The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline in global crude oil prices.