Indian equities ended lower on Thursday. Analysts say the market is likely to consolidate in the near term, tracking progress on India–US trade talks, while cues from the earnings season may drive sector- and stock-specific movements.
STATE OF THE MARKETS
- Tech View: The RSI (14) on the daily chart has also turned negative, indicating weakening momentum. In the short term, the trend is likely to remain weak, which could lead to further downside. On the lower end, support is placed at 25,250–25,200, while on the higher end, resistance levels are seen at 25,400 and 25,500.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.24% to settle at 11.67 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 pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory.