GIFT Nifty down 60 points; here's what changed for market while you were sleeping
«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action in the broader market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: For bulls, 19470 would act as an immediate resistance zone, and if the index is trading below the same, the weak sentiment is likely to continue and could retest the level of 19325-19300. On the flip side, post 19500 breakout the market could rally till 19600-19625.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.23% to settle at 11.70 levels.
Stocks in F&O ban today
1) Indiabulls Housing Finance
2) Delta Corp
3) GNFC
4) PNB
5) RBL Bank
6) India Cements
7) Metropolis
8) GMR Infra
9) Hindustan Copper
10) Manappuram Finance
11) BHEL
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 stayed net buyers for the second straight day at Rs 1,524 crore. DIIs too bought shares worth Rs 5,796 crore.
Rupee
The rupee appreciated by 14 paise to settle at 82.58 against the US dollar on Thursday, marking its third straight day of gains on the back of softening crude oil prices and foreign funds inflows.
Macro news
With retail inflation hardening once again in July-August, the MPC stressed the need to monitor the situation closely given the risk of El Nino and uneven rainfall, according to MPC minutes.
