Indian equities closed higher on Thursday with Nifty advancing 262 points amid expectations of a domestic earnings rebound and renewed foreign inflows. The rally was broad-based, supported by strong Q2 results and improving sentiment. Analysts expect markets to edge upwards as the earnings season progresses and any positive developments emerge on the trade deal front.
STATE OF THE MARKETS
- Tech View: Overall, the short-term trend looks positive, with potential to move towards 25,750–25,800, while on the lower end, support is placed at 25,500.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 3.2% to settle at 10.86 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 actionForeign portfolio investors net bought shares worth Rs 997 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 4076 crore.Rupee
Rising for the second straight session, the rupee appreciated 12 paise to close at 87.96 against the US dollar on Thursday, buoyed by a softer American currency against major currencies and renewed risk-on sentiment among investors. Forex traders said that likely intervention by the Reserve Bank of India and a firm trend in domestic equities further enthused investors.