“With the US Fed and interim Budget now behind, all eyes will be on RBI’s policy meeting next week. Analysts expect the Central bank to maintain its status quo,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: Any attempt of upmove from here could encounter strong resistance around 22100-22200 levels and that could possibly result in short-term weakness from the highs. Immediate support is at 21700 levels, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.6% to settle at 14.70 levels.
Stocks in F&O ban today
1) Hindustan Copper
2) India Cements
3) Indus Tower
4) SAIL
5) ZEE
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 70 crore on Friday. DIIs, meanwhile, were net buyers at Rs 2,463 crore.
Rupee
The rupee surrendered early gains to settle flat at 82.98 against the US dollar on Friday, as a rise in crude oil prices negated the positive sentiment on strong domestic equities and a weak greenback overseas.
FII data
The net short of FIIs reduced from Rs 80,340 crore on Thursday to Rs 74,897 crore on Friday.
Q3 results
Bharti Airtel, Varun Beverages, Ashok Leyland, Linde India, BSE and a slew of other companies will announce their third quarter results today.
(You can now subscribe to our ETMarkets WhatsApp channel)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
