GIFT Nifty down 60 points; here's what changed for market while you were sleeping
Market will also keep an eye on the manufacturing data to be released this week both — globally as well as locally. «Overall, we expect sectoral rotation in the market, while the Index is likely to remain in the consolidation zone with the ongoing result season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETS
Tech View: Nifty continues to be in a short term downward correction and this consolidation is likely to continue for next week. Any upside bounce from here could encounter strong resistance around 19750-19800 levels. The next crucial lower supports to be watched are around 19500-19450 levels. India VIX: India VIX, which is a measure of the fear in the markets, fell 3.59% to settle at 10.14 levels.US stocks upAll three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for the U.S. economy.
Dow up 0.5%, S&P 500 rises 0.99%, Nasdaq gains 1.90%Stocks in F&O ban today1) Indiabulls Housing Finance 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 sellers at Rs 1,023 crore on Friday. DIIs, on the other hand, bought shares worth Rs 1,634 crore.RupeeThe rupee plunged 26 paise to close at 82.18 against the US dollar on Friday amid renewed foreign fund outflows and negative trends in domestic equity markets.Q4 resultsMaruti Suzuki, Power Grid, GAIL, Adani Green among others will announce their first quarter results today.
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