Indian equities ended lower on Thursday in a volatile session triggered by rising tensions between India and Pakistan. Looking ahead, market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements.
STATE OF THE MARKETS
- Tech View: The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 10.2% to settle at 21.01 levels.
S&P 500
Stocks in F&O ban today
1) RBL Bank
2) CDSL
3) Manappuram
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 2,008 crore on Thursday. DIIs, meanwhile, were net sellers at Rs 596 crore.
Rupee
Rupee saw its steepest single-day fall in more than two-and-a-half years and settled 81 paise lower at 85.58 against the US dollar on Thursday, weighed down by heightened geopolitical tensions between India and Pakistan.