The S&P BSE Sensex rose 328.72 points, or 0.4%, to finish at 82,500.82, while the NSE Nifty 50 gained 103.55 points, or 0.41%, to close at 25,285.35.
Here’s breaking down of the pre-market actions:
- Tech View: Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty’s breakout from its recent consolidation range kept the market’s tone buoyant. “The trend continues to stay positive as it is sustaining above critical moving averages. The setup looks favorable for a further rise in the short term,” he noted, adding that any dip could offer a good opportunity for long entries. On the upside, De expects the Nifty to move towards 25,500–25,550, while support is seen at 25,150. “A fall below 25,150 could weaken the trend slightly,” he said.
- India VIX: India’s volatility gauge, the VIX, slipped 1.8%, signaling a pickup in investor confidence.
Stocks in F&O ban today
1) RBL Bank
2) Sammaan 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 institutional investors (FIIs) extended their buying streak to a fourth consecutive session on Friday, purchasing equities worth just over Rs 459 crore. Domestic institutional investors (DIIs) also remained net buyers, investing nearly Rs 1,708 crore in the market.
Rupee
The Indian rupee inched higher on Friday, recovering slightly from its record low after spending most of the week near that level, as steady central bank intervention spurred interbank dollar sales. The currency closed at 88.6850 per U.S. dollar, compared with 88.7825 in the previous session, posting a 0.1% gain for the week.
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