Indian equity benchmarks recovered sharply from the Monday lows to end in green. Analysts expect markets to remain sideways, with stock-specific action as we enter the first leg of the earnings season.

STATE OF THE MARKETS

• Tech View: This half session buying is not expected to change overall market sentiment. We would remain watchful, as the Nifty faces resistance in the 26000–26100 zone, where selling pressure may re-emerge. On the lower end, immediate and crucial support is placed at 25650.”
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4% to settle at 11.37 levels.

Stocks in F&O ban today

SAIL
Sammaan Capital

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 sold shares worth Rs 3,638 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5,839 crore.

Rupee
The rupee recovered from low levels and settled 1 paisa higher at 90.16 against the US dollar on Monday on weak American currency and sliding crude oil prices.

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