The focus will shift towards stock-specific action as Q2FY24 earnings begin this week with TCS announcing results on Oct 11, followed by Angelone, HCL Tech, and Infyosys.
«Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Stocks in F&O ban today
1) Indiabulls Housing Finance
2) Delta Corp
3) Manappuram
4) PNB
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.
US stocks gain
U.S. stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S. hiring rose broadly in September with slowing wage growth.
FII/DII action
Foreign portfolio investors were net sellers at Rs 90 crore on Friday. DIIs bought shares worth Rs 783 crore.
Rupee
The rupee declined 2 paise to settle at 83.27 against the US dollar on Friday after the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review
F&O
The net short position of FIIs decreased from Rs 88,311