GIFT Nifty up 45 points; here's what changed for market while you were sleeping
RBI policy outcome. As we move towards the end of first quarter results season, action will likely shift to macro factors, with economic data due for release during the week. «We expect the market to consolidate, while interest sensitive sectors are likely to be 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 19300 to 19700 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 45 points, or 0.23 per cent, higher at 19,605.50, signaling that Dalal Street was headed for positive start on Wednesday.
Tech View: The short term trend of Nifty remains choppy. A move below 19500 levels could open further weakness down to the next lower supports of 19400-19350 levels. A decisive move above the hurdle of 19700 is likely to bring sharp upside momentum in the market. India VIX: India VIX, which is a measure of the fear in the markets, rose 2% to settle at 11.32 levels.Stocks in F&O ban today 1) Indiabulls Housing Finance 2) Delta Corp 3) Hindustan Copper 4) India Cements 5) Balrampur Chini Mills 6) Chambal Fertilisers & Chemicals 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 711 crore on Tuesday. DIIs, meanwhile, bought shares worth Rs 537 crore.RupeeThe rupee fell 9 paise to settle at 82.84 against the US dollar on Tuesday weighed down by safe-haven dollar demand and a muted trend in domestic equities.Q1
Read more on economictimes.indiatimes.com
