Benchmark Nifty extended its rebound on expiry day, supported by a sharp decline in India VIX and Brent crude oil prices slipping below the $100-a-barrel mark. Investor focus now shifts to the RBI policy outcome today, while continued rupee weakness remained an overhang, with the currency falling 27 paise to 96.56 per dollar.

STATE OF THE MARKETS

Tech View: In the short term, as long as the index remains above 22,600, the sentiment might remain positive, with resistance placed at 22,850. A sustained move above 22,850 could trigger further recovery. However, failure to move beyond 22,850 might trigger a correction in the market.

India VIX: India VIX, which is a measure of the fear in the markets, fell 7.1% to settle at 13.61 levels.

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Stocks in F&O ban today

1) 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.

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Foreign portfolio investors net sold shares worth Rs 2,961 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 5,089 crore.

The rupee declined 8 paise to settle at 96.43 against the US dollar on Tuesday amid sustained outflows of foreign capital and uncertainties over a US-Iran deal.

Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.