Equity markets recouped early losses and ended higher on Tuesday as US and Asian markets traded on a positive note. Going forward, analysts expect the Q2 results to conclude on a positive note, supported by better-than-expected performance from the broader market. “Near-term market direction will hinge on the ongoing earnings season and progress on the US–India trade discussions.”
STATE OF THE MARKETS
- Tech View: The overall trend looks positive, and a decisive move above 25,800 would confirm a bullish breakout, potentially opening the way for an upside toward 26,000 levels.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.5% to settle at 12.49 levels.
Stocks in F&O ban today
1) SAIL
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 803 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 2,188 crore.Rupee
The rupee appreciated 23 paise to settle at 88.50 against the US dollar on Tuesday, amid progress on the US shutdown bill and optimism over the US-India trade deal.