Equity markets ended marginally lower on Wednesday as investors maintained a cautious approach amid developments on the US tariff front and the start of Q1 earnings season. Indian markets remain in a wait and watch mode, tracking the conclusion of the India-US mini trade deal, which is likely to determine the near-term market direction.
STATE OF THE MARKETS
- Tech View: Nifty witnessed range-bound movement after a strong upmove, facing stiff resistance around 25,500–25,550. On the hourly chart, the index has slipped below the 50-hour simple moving average, while the RSI has also moved below the 50 mark, indicating weakening momentum.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.09% to settle at 11.94 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.
Rupee
The rupee closed flat at 85.73 against the US dollar on Wednesday, tracking a sluggish trend in the domestic equity market amid persistent foreign capital outflows.
FII data
The position of FIIs in the futures market increased from a net short of Rs 70,513 crore on Tuesday to Rs 75,705 crore on Wednesday.
