The Nifty ended lower for the fourth consecutive day, tracking weak global cues after the US President announced plans to impose a 30% tariff on imports from the European Union and Mexico.
Analysts expect the market to remain in consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements.
STATE OF THE MARKETS
- Tech View: Nifty has strong support between 24,900-25,100, which aligns with the 50-day EMA, a past breakout zone, and a rising trendline.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.38% to settle at 11.98 levels.
Stocks in F&O ban today
RBL Bank
Live EventsHindustan Copper
GlenmarkSecurities 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 1,614 crore on Friday. DIIs, meanwhile, were net buyers at Rs 1,787 crore.
Rupee
The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday due to a rise in global crude oil prices and a strengthening greenback against major currencies overseas.
FII data
The position of FIIs in the futures market increased from a net short of Rs 1.03 lakh crore on Friday to Rs 1.21 lakh crore on Monday.