“Heightened crude oil prices pose a potential risk, although prevailing bullish sentiment largely overshadows negative developments. Additionally, attention is directed towards the recent RBI policy and US FOMC meeting minutes,” said Santosh Meena, Head of Research, Swastika Investmart.
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: The short term moving averages are below the price action and should continue to support the indices on every decline. 22,000 is an immediate support to watch while the bigger area of support stands at 21,800-850. On the higher side, the crucial resistance zone is at 21,125-150 levels (ATH levels), said Rahul Sharma of BlinkX.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.016% to settle at 15.22 levels.
Stocks in F&O ban today
1) Hindustan Copper2) India Cements3) Indus Tower
4) Canara Bank
5) ZEE
7) ABFRL
9) Delta Corp
10) SAIL
11) Nalco
12) Bandhan 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 bought shares worth Rs 253 crore on Friday. DIIs too were net buyers at Rs 1571 crore.
Rupee
The rupee rose 4 paise to settle at 83.01 against the US dollar on Friday, amid positive sentiment in the domestic equity markets and softening crude oil prices.
FII data
The net short of FIIs reduced from Rs 75,198 crore on Thursday to Rs 68,790 crore on Friday.
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