Equity markets ended higher on Wednesday with Nifty briefly reclaiming the 25k mark, aided by hopes of progress in India-US trade negotiations after President Trump’s positive outreach towards India. Analysts expect the Indian market to continue its gradual up-move, supported by positive global cues, GST-led consumption boost and robust domestic macros.
STATE OF THE MARKETS
- Tech View: RSI has given a bullish crossover above 50, supporting the positive momentum. Going ahead, sustaining above 24,820–24,750 may lead the index towards 25,160 and higher levels, while support remains at 24,820–24,750.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.4% to settle at 10.54 levels.
Stocks in F&O ban today
1) 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 115 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,004 crore.
Rupee
The Indian rupee closed unchanged on Wednesday as tariff-related uncertainties continued to dominate the Asian currency’s price action following mixed signals from US President Donald Trump regarding recent bilateral trade tensions.
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as a Reliable and Trusted News SourceFII Data
The position of FIIs in the futures market reduced from a net short of Rs 1.89 lakh crore on Tuesday to Rs 1.86 lakh crore on Wednesday.