Indian equities ended marginally lower in a range-bound session, ahead of the US Federal Reserve’s two-day policy meet starting September 16. Analysts expect the market to continue its consolidation, while tracking the US Fed policy outcome and progress in India-US trade talks.
STATE OF THE MARKETS
- Tech View: Until the index moves above the previous swing high of 25,150, the trend may remain uncertain. On the lower end, support is placed at 24,800. A fall below 24,800 might trigger further weakness in the index, while a move above 25,150 could induce a fresh rally.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 2.7% to settle at 10.40 levels.
Stocks in F&O ban today
1) RBL Bank
2) OFSS
3) HFCL
4) Angel One
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 1,268 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1933 crore.
Rupee
The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut.
FII Data
The position of FIIs in the futures market reduced from a net short of Rs 1.72 lakh crore on Friday to Rs 1.71 lakh crore on Monday.
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