Nifty ended higher on Monday closing above the 26,000 mark, amid investor optimism as the second quarter corporate earnings concluded on a healthy note. Analysts expect the market to witness continued up-move, driven by improving earnings momentum, strong domestic macros and stable policy support.
STATE OF THE MARKETS
- Tech View: Support levels are also moving higher, with the 21-DMA now positioned around 25,790. Overall, the broader trend stays bullish, and any significant pullback is likely to offer a buying opportunity.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.2% to settle at 11.79 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 bought shares worth Rs 442 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1,466 crore.
Rupee
The rupee appreciated 7 paise to settle at 88.59 against the US dollar on Monday, tracking firm domestic equity markets and lower global crude oil prices.