Indian equities snapped their three-day losing streak, witnessing a recovery and trading with a positive bias after recent losses, supported by improving geopolitical cues. Going ahead, analysts say markets will closely monitor developments in West Asia, movements in global energy prices and broader global risk sentiment for further directional cues.

STATE OF THE MARKETS

• Tech View: On the downside, support is placed at 24,530/24,300. On the upside, resistance is seen at 24,850/25,000. The sell on rise approach remains valid until the Nifty decisively moves above 25,000.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 15.6% to settle at 17.86 levels.

Stocks in F&O ban today
Samman Capital
SAIL

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 3,752 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 5,153 crore.

Rupee
The rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 (provisional) against US dollar on Thursday on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention.

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