Indian equities witnessed sustained momentum with Nifty just 85 points shy of its lifetime high of 26,277 recorded in Sept 2024. Analysts expect the market up-move to continue, tracking domestic cues, global macro data, FII flows and a potential announcement on the India–US trade agreement.
STATE OF THE MARKETS
- Tech View: A fresh bullish crossover on the daily MACD indicates strengthening momentum. Given the constructive chart setup, the Nifty appears well-positioned to register a new record high and move toward the 26,400–26,500 zone in the near term.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.4% to settle at 12.14 levels.
Stocks in F&O ban today
1) SAIL
2) Sammaan 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 bought shares worth Rs 284 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 824 crore.Rupee
The rupee depreciated 20 paise to close at 88.68 against the US dollar on Thursday, mainly due to a strengthening American currency against major crosses and fading odds of a rate cut by the US Federal Reserve.