Indian equities have ended the last week decisively higher, with benchmark indices scaling fresh 52-week highs amid resilient domestic cues. Looking ahead, analysts said the trajectory of Indian equities will be shaped by the ongoing earnings season and policy signals from major global central banks. Market optimism was bolstered by clarity in India–US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November.
STATE OF THE MARKETS
- Tech View: Technically, Nifty looks strong for a decent upside from here, and a “buy on dips” strategy might prove effective. On the lower end, meaningful support is placed at 25,500, while resistance is seen at 25,850–26,000.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 7.3% to settle at 11.66 levels.
Stocks in F&O ban today
1) Samman Capital
2) 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 bought shares worth Rs 309 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1,527 crore.
Rupee
The rupee pared initial gains and settled for the day lower by 6 paise at 88.02 against the US dollar on Friday, weighed down by trade tensions and global uncertainties.