The Indian equity markets commenced the week positively, driven by favorable global developments over the weekend. Going ahead, analysts said thematic movers are likely to demonstrate superior performance, thus necessitating a reevaluation and restructuring of the trading framework.
STATE OF THE MARKETS
- Tech View: On the upside, the 55,950–56,160 zone will act as a key resistance area in the near term. Hence, traders are advised to remain cautious in Bank Nifty and wait for confirmation of a bullish reversal before taking fresh positions.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.26% to settle at 11.76 levels.
Stocks in F&O ban today
Titagarh
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 2,466 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3177 crore.Rupee
The rupee pared initial gains to settle 4 paise lower at 87.56 against the US dollar on Monday, tracking a strong American currency and a recovery in crude oil prices.FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.71 lakh crore on Friday to Rs 1.7 lakh crore on Monday.