Indian indices started the week with significant losses, as the Sensex tumbled over 610 points to close at 85,103 and the Nifty shed 226 points. Factors such as INR-USD movement, FII flow trends and the secondary-market liquidity environment amid elevated investor participation in primary markets are likely to influence the near-term market trajectory.STATE OF THE MARKETS
- Tech View: The sentiment looks weak in the short term, with the index potentially sliding towards 25,730. On the higher side, resistance is placed at 26,000–26,100.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 7.8% to settle at 11.12 levels.
Stocks in F&O ban today
Sammaan Capital
Bandhan Bank
Kaynes Tech
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 655 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,542 crore.
Rupee
The rupee depreciated 10 paise to close at 90.05 against the US dollar on Monday, as elevated crude oil prices and persistent foreign fund outflows dented investor sentiments.
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