Indian equities ended marginally higher on Tuesday, with the Nifty closing at 25,522. Overall, analysts expect markets to remain optimistic in the near term, supported by hopes of a trade breakthrough and the upcoming earnings season.
STATE OF THE MARKETS
- Tech View: The index has moved up after a consolidation on the hourly chart, improving sentiment for the bulls. On the daily chart, the Nifty formed a green candle following a hammer and a doji pattern. This type of setup often indicates a potential positive move ahead. On the lower end, support is placed at 25,400, while on the higher end, resistance is seen at 25,600 and 25,750–25,800.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.9% to settle at 12.20 levels.
Stocks in F&O ban today
RBL Bank
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 sellers shares worth Rs 26 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,367 crore.
Rupee
The rupee rose 21 paise to close at 85.73 against the US dollar on Tuesday on the back of a decline in global crude oil prices and a weaker greenback against major rivals.FII data
The position of FIIs in the futures market increased from a net short of Rs 69,100 crore on Monday to Rs 70,513 crore on Tuesday.
