GIFT Nifty down 60 points; here's what changed for market while you were sleeping
Infosys and HUL. «Domestic market has been hitting record highs daily over the last few sessions driven by sustained foreign inflow, surplus monsoon, and a good start to the earning season. We expect this momentum to continue in the near term given buoyant domestic cues and receding global concerns,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETS
Tech View: The underlying uptrend of Nifty remains intact. Nifty is expected to move above the hurdle of 19800-19850 levels in the short term. The immediate upside target to be watched is around the historical 20K mark. Immediate support is placed at 19700 levels. India VIX: India VIX, which is a measure of the fear in the markets, fell 0.94% to settle at 11.60 levels.Stocks in F&O ban today 1) Delta Corp 2) Indiabulls Housing Finance 3) L&T Finance 4) Manappuram Finance 5) RBL Bank 6) Polycab 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 actionForeign portfolio investors were net buyers at Rs 1,165 crore on Wednesday. DIIs sold shares worth Rs 2,134 crore.RupeeThe rupee depreciated by 6 paise to close at 82.10 against the US dollar on Wednesday, weighed down by the rebound in the dollar in global markets and firm crude oil prices.Q4 resultsHUL, Infosys, Havells, United Spirits among others will announce their first quarter results today.
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