«With the end to third quarter earnings season, the focus is now shifting to fundamentals and macro data. Domestic equities are taking support from better-than-expected inflation which would keep the trend positive. Nifty is now close to 22k as well as its all-time high, we expect it to surpass these levels and touch new highs,» 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) Hindustan Copper
2) India Cements
3) Indus Tower
4) Canara Bank
5) ZEE
6) Ashok Leyland
7) ABFRL
8) Balrampur Chini Mills
9) Delta Corp
10) SAIL
11) Biocon
12) Bandhan Bank
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 sold shares worth Rs 3,064 crore on Thursday. DIIs were net buyers at Rs 2,276 crore.
Rupee
The rupee consolidated in a narrow range and fell 3 paise to close at 83.05 against the US dollar on Thursday, tracking a strong American currency and elevated crude oil