“Going ahead, markets would take cues from the voter’s turnout data from the fourth phase which has been a major concern so far,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: Nifty’s recovery may encounter resistance in the 22150-22200 zone, and only a decisive move above 22200 could trigger a stronger rally in the market. On the lower end, support is situated at 21950.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 11.5% to settle at 20.60 levels.
Stocks in F&O ban today
1) Vodafone Idea
2) Canara Bank
3) ZEE
5) GMR Infra
6) SAIL
7) Hindustan Copper
8) PEL
9) PNB
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 were net sellers at Rs 4,498 crore on Monday. DIIs, meanwhile, bought shares worth Rs 3,562 crore
Rupee
The rupee consolidated in a narrow range and settled flat at 83.51 against the US dollar on Monday as the support from positive domestic equities was negated by strong American currency.
FII data
The net short of FIIs increased from Rs 1.58 lakh crore on Friday to Rs 1.73 lakh crore on Monday.
Q4 results
Bharti Airtel, Bharti Hexacom, Shree Cement, Patanjali Foods, Devyani, PVR Inox among others will announce their fourth quarter earnings on Tuesday.