Indian equities managed to close in the green despite cautious cues from the global markets, backed by continued buying interest and supportive RBI policy. Analysts expect the gradual up-move to continue in the market on hopes of a bilateral trade agreement between India and US, sustained FII buying and supportive RBI policies.
STATE OF THE MARKETS
- Tech View: On the higher side, the short-term bullish outlook remains intact, with the possibility of a move towards 24,500. On the lower side, support is placed at 24,000; a break below this level could trigger a minor pullback.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.8% to settle at 15.23 levels.
Stocks in F&O ban today
1) Manappuram
2) RBL Bank
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 turned net buyers at Rs 1,290 crore on Tuesday. DIIs sold shares worth Rs 885 crore.Rupee
The rupee consolidated in a narrow range and settled lower by 4 paise at 85.19 against the US dollar on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors.
FII data
The net short of FIIs reduced from Rs 77,270 crore on Monday to Rs 78,335 crore on Tuesday.
