Indian equities extended losses on Tuesday, weighed down by escalating global trade concerns ahead of the implementation of fresh US tariffs on Indian goods. Analysts said investors will keep a close watch on any deferral of the secondary tariffs on Indian goods, as that could meaningfully lift near-term market sentiment.
STATE OF THE MARKETS
- Tech View: In the short term, the index is likely to remain under selling pressure as long as it trades below 24,850. On the downside, the correction could extend towards 24,150 or lower.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 3.7% to settle at 12.19 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 6,516 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 7,060 crore.Rupee
The rupee depreciated 13 paise to close at 87.69 against the US dollar on Tuesday, tracking weak domestic markets after the US issued a draft notice on plans to implement an additional 25 per cent tariff on Indian products.FII data
The position of FIIs in the futures market increased from a net short of Rs 1.7 lakh crore on Monday to Rs 1.76 lakh crore on Tuesday.