Pre-market action: Here's the trade setup for today's session
Investors await the release of US FOMC meeting minutes later this week as it would provide some insights into the Fed’s future direction.
«We expect market sentiment to strengthen further as the prospect of a pre-election rally is quite strong,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: The short-term trend of Nifty remains up. A decisive move above 22,200 is likely to open sharp upside towards the upper trajectory of 22500-22600 levels in the near term. Immediate support is at 22080 levels, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.34% to settle at 16.07 levels.
Stocks in F&O ban today
1) Hindustan Copper
2) India Cements
3) Indus Tower
4) Canara Bank
5) ZEE
6) RBL Bank
7) GNFC
8) Nalco
9) Biocon
10) SAIL
11) Bandhan Bank
12) Balrampur Chini Mills
13) GMR Infra
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 1,335 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1491 crore.
Rupee
The rupee rose 4 paise to settle at 82.97 against the US dollar on Tuesday amid robust equity market sentiment and a weak American currency.
FII data
The net short of FIIs reduced from Rs 63,809 crore on Monday to Rs 54,814 crore on Tuesday.
(You can now subscribe to our ETMarkets
