Indian equities rebounded on Tuesday after a three-day losing streak. Analysts expect the markets to witness selective buying, driven by quarterly results; while broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal.
Stock-specific action will likely continue as the earnings season gathers pace.
STATE OF THE MARKETS
- Tech View: On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750.”
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.5% to settle at 11.52 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 4,637 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 6,147 crore.
Rupee
The rupee depreciated 12 paise to close at 86.82 against the US dollar on Tuesday, weighed down by a jump in the US dollar index and a surge in crude oil prices.
FII data
The position of FIIs in the futures market increased from a net short of Rs 1.64 lakh crore on Monday to Rs 1.70 lakh crore on Tuesday.