Nifty ended with gains on Wednesday, tracking positive global cues as tensions in the Middle East eased following a tentative ceasefire between Israel and Iran. Overall, analysts expect the Indian market to remain firm on the back of reduced global geo-political concerns and positive domestic cues.
STATE OF THE MARKETS
- Tech View: The overall sentiment remains positive, with a possibility of a rise towards 25,350. Immediate support is placed at 25,000; a break below this level could lead to a drift towards 24,850. On the other hand, if the index holds above 25,000, strength may persist, and the sentiment could favour long traders.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 5% to settle at 12.97 levels.
Stocks in F&O ban today
Titagarh
BirlaSoft
MCXSecurities 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 sold shares worth Rs 2,427 crore on Wednesday. DIIs, meanwhile, were net bought at Rs 2,373 crore.
Rupee
The rupee gained 13 paise to 85.92 against the US dollar in early trade on Wednesday amid hopes of an end to hostilities between Israel and Iran, and a strong opening in domestic equity markets.
FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.09 lakh crore on Tuesday to Rs 1.06 lakh crore on Wednesday.
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