«The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now,» said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
FII/DII action
Foreign portfolio investors turned net sellers at Rs 7,658 crore on Thursday. DIIs, meanwhile, bought shares worth Rs 3,605 crore.
Rupee
The rupee appreciated 12 paise to settle at 83.45 against the US dollar on Thursday, supported by a positive trend in equity markets and inflow of foreign capital amid favourable domestic macroeconomic profile
FII data
The net long of FIIs increased from Rs 2.02 lakh crore on Wednesday to Rs 3.19 lakh crore on Thursday.