“Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: The uptrend is likely to resume once the 22600 resistance levels are taken out. Crucial supports are now at 22404, Subash Gangadharan of HDFC Securities said.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 6.26% to settle at 21.81 levels.
Stocks in F&O ban today
1) Vodafone Idea2) Biocon3) ZEE
4) Balrampur Chini Mills
5) GMR Infra
6) IEX
7) Nalco
8) PEL
9) PNB
10) Granules
11) India Cements
12) Bandhan Bank
13) AB 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 were net sellers at Rs 1,874 crore on Tuesday. DIIs, meanwhile, bought shares worth Rs 3,549 crore.
Rupee
The rupee rose 6 paise to close at 83.31 against the US dollar on Tuesday following a weak greenback against major currencies overseas and softening crude oil prices in international markets
FII data
The net short of FIIs reduced from Rs 2.46 lakh crore on Saturday to Rs 2.11 lakh crore on Tuesday.
Q4 results
Sun Pharma, Grasim, Nykaa, Paytm, Jubilant Food, Gland Pharma among others will announce their fourth quarter earnings on Wednesday.
