Pre-market action: Here’s the trade setup for today’s session
Indian equities are expected to trade in a broader range in the near term, as elevated Brent crude prices and a weakening rupee continue to create a fragile environment for domestic markets and remain among the key concerns for investors. Analysts say Sustained FII outflows are likely to cap directional upside, even as the final leg of the Q4FY26 earnings season and selective policy tailwinds provide stock- and sector-specific support.
STATE OF THE MARKETS
- Tech View: The daily RSI continues to remain in a bearish crossover, suggesting that the negative momentum is still intact. On the upside, the 23,500 zone continues to act as a strong resistance level. In the near term, the index may remain under pressure, while immediate support is placed around 23,150–23,200.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 0.8% to settle at 19.42 levels.
Stocks in F&O ban today
SAILSecurities 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 4,703 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 5,869 crore.
Rupee
The Indian rupee weakened to an all-time low on Wednesday at 95.74, extending its losing streak, as overseas debt repayments and importer hedging demand outweighed the limited support from higher duties on precious metal imports.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
