Nifty ended lower for the second consecutive day, declining 225 points to close below 25k mark on Friday. Analysts expect the market to remain in consolidation mode amid continued uncertainty around the India-US trade deal, a mixed Q1FY26 earnings season so far and intensifying FII outflows.
Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
- Tech View: If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 5% to settle at 11.28 levels.
Stocks in F&O ban today
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 sold shares worth Rs 1,979 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,139 crore.Rupee
The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices.
FII data
The position of FIIs in the futures market increased from a net short of Rs 1.45 lakh crore on Thursday to Rs 1.58 lakh crore on Friday.