«Overall we expect the market to consolidate and take a pause before the quarterly results starts, leading to more stock-specific action,» 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) Balrampur Chini Mills
3) Delta Corp
4) IEX
5) ZEE
6) SAIL
7) Nalco
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 sellers at Rs 666 crore on Wednesday. DIIs sold shares worth Rs 862 crore.
Rupee
The rupee appreciated 4 paise to close at 83.28 (provisional) against the US dollar on Wednesday, supported by easing crude oil prices and foreign fund inflows.
FII data
The net long of FIIs reduced from Rs 79,465 crore on Tuesday to Rs 70,598 crore on Wednesday.