GIFT Nifty down 60 points; here's what changed for market while you were sleeping
This week would be crucial for domestic markets as RBI is set to announce its interest rate decision. «Markets are likely to move in a broader range with some volatility. Interest-sensitive sectors are expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 20000 zones while an immediate trading range in between 19200 to 19600 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETS
Tech View: Nifty is likely to be in a sell-on-rally mode until 19660 level gets taken out decisively. Although options data for calls and puts are evenly distributed, the ferocity of the fall has made the index biased turn towards the downside barring the level mentioned. India VIX: India VIX, which is a measure of the fear in the markets, fell 5.48% to settle at 10.57 levels.US stocks downWall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market.Stocks in F&O ban today 1) Indiabulls Housing Finance 2) GNFC 3) Hindustan Copper 4) Piramal Enterprises 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 556 crore on Friday. DIIs bought shares worth Rs 366 crore.RupeeThe rupee witnessed a range-bound trading against the US dollar in early trade on Friday, as the support from positive domestic equities was negated by firm crude oil prices.Q1 resultsGodrej Consumer, Torrent Pharma, Max Healthcare, PB Fintech, Tata Chemicals among others will announce
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