STATE OF THE MARKETS
- Tech View: A fall below 24,700 could trigger a market correction, potentially leading to a decline toward the 21-EMA, which is currently positioned around 24,428. Overall, sentiment is likely to remain sideways to bearish as long as the Nifty stays below 25,000. However, if the Nifty reclaims the 25,000 level, the sentiment may turn bullish, and short bets would lose their appeal.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.9% to settle at 17.55 levels.
MSCI’s index of Asia-Pacific shares outside Japan was trading xxx per cent lower/higher
Japan’s Nikkei dropped/rose xxx%
Australia’s ASX 200 fell/gained xxx%New Zealand’s DJ declined xxx%South Korea’s Kospi shed xx%
China’s Shanghai plunged xxx%
Hong Kong’s Hang Seng fell xx%
US equities
Dow Jones
S&P 500
Nasdaq
Dollar climbs/falls
The dollar xxxxx
The dollar index
Euro was little changed to $xxx
Pound edged lower to $xxx
Yen was struggling/gained at xxx per dollar
Yuan exchanged hands at xxx against the greenback
Oil falls/rises
Oil prices xxxxxx
Brent crude futures xxxxx
Brent crude futures xxxxx
Stocks in F&O ban today
1) RBL Bank
2) Manappuram
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 net bought shares worth Rs 2,202 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 684 crore.
Rupee
The rupee consolidated in a narrow range and settled for the day down by 1 paisa at 85.59 against the US dollar on Wednesday, on dollar demand from importers and foreign banks as well as surge in crude oil prices.
FII data
The position of FIIs in the futures market increased from net short of Rs 23,498 crore on Monday to Rs 38,748 crore.
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