Indian equities rallied in the last week and going forward, analysts expect a broader consolidation with a positive bias likely to persist for the Indian markets, supported by easing geopolitical tensions, progress on trade agreements, and improving signs of macroeconomic stability.
STATE OF THE MARKETS
- Tech View: Any dips are likely to be bought into, with support placed at 25,000/24,800. On the higher side, a move above 25,120 could take the index towards 25,250/25,350.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.03% to settle at 16.55 levels.
Stocks in F&O ban today
2) Manappuram
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 8,831 crore on Friday. DIIs, meanwhile, were net buyers at Rs 5187 crore.
Rupee
Rupee pared its gains and settled 3 paise lower at 85.57 against the greenback on Friday as robust inflow of foreign capital failed to boost the local currency amid negative equity market sentiment and higher crude oil prices.
FII data
The position of FIIs in the futures market increased from net short of Rs 13521 crore on Thursday to net short of Rs 23,325 crore on Friday.