Benchmark indices ended flat on the expiry day with market focus now shifting to the RBI MPC outcome. Analysts expect the market to remain range-bound, tracking global cues, macro-economic data and RBI policy outcome where a status quo on the repo rate is widely expected.
STATE OF THE MARKETS
- Tech View: Unless Nifty reclaims and sustains above its 50-day EMA, the short-term outlook remains negative. Immediate support is placed at 24,500, while resistance lies near 24,800. Post RBI policy outcome and auto sales data, market sentiment may shape further, hence a cautious stance is advised.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.6% to settle at 11.06 levels.
Stocks in F&O ban today
1) Samman Capital
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 2,327 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 5,762 crore.
Rupee
The rupee fell 5 paise to an all-time low of 88.80 against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties.