After four consecutive days of decline, Indian markets rebounded to end higher on Tuesday. Investor sentiment was boosted by easing in retail inflation, which dipped to a 77-month low of 2.1% in June from 2.8% in May.
Overall, analysts expect the market to continue its consolidation in the near term; with stock-specific movements driven by Q1FY26 earnings outcomes and guidance from the management.
STATE OF THE MARKETS
- Tech View: A decisive move above 25,260 in the coming sessions could lead to a rally towards 25,400 and beyond. On the other hand, a failure to sustain above 25,260 might weaken the bulls’ grip on the market. In that case, the Nifty may decline towards the support zone of 25,000 and 24,920–24,900.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4% to settle at 11.48 levels.
Stocks in F&O ban today
RBL Bank
Hindustan Copper
Glenmark
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.Rupee
The rupee appreciated 16 paise to close at 85.76 against the US dollar, tracking a weak greenback in the overseas market and a decline in global crude oil prices.
