«We expect market sentiment to strengthen further as the ongoing pre-election rally is quite strong now,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Stocks in F&O ban today
1) Delta Corp
2) Indiabulls Housing Finance
3) ZEE
4) India Cements
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 were net buyers at Rs 2,073 crore on Monday. DIIs bought shares worth Rs 4797 crore.
Rupee
The rupee pared its initial gains and settled lower by 5 paise at 83.38 against the US dollar on Monday amid a recovery in the greenback in overseas markets and dollar buying by lenders.
F&O data
The net short position of FIIs reduced from Rs 47,161 crore on Friday to Rs 25,358 crore on Monday.