Indian equities ended modestly higher on Monday as investors remained cautious amid mixed global cues. Key earnings today include State Bank of India, Mahindra & Mahindra, Adani Ports, InterGlobe Aviation, and Indian Hotels. Going forward, analysts expect the market to track the ongoing earnings season, while any positive trigger on the India–US trade deal front could create favourable sentiments.
STATE OF THE MARKETS
- Tech View: On the downside, immediate support lies at 25,600, while the key support from the 21-DMA is placed around 25,540. Meanwhile, the volatility index spiked to 12.50, suggesting rising caution among traders and the potential for increased market volatility in the near term.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 4.2% to settle at 12.66 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 1,883 crore on Monday. DIIs, meanwhile, were net buyers at Rs 3,516 crore.
Rupee
The rupee extended its descent for the third straight day and settled five paise down at 88.75 (provisional) against the US dollar on Monday, near its all-time low level, weighed down by a strong American currency and foreign fund outflows.