On Wednesday, the Nifty declined for the third consecutive session, closing 0.6% lower at 23,914. India VIX rose over 5% indicating rise in domestic volatility. Analysts say markets are likely to remain under pressure as concerns over rising crude oil prices, bond yields and dollar index keep investor sentiments cautious.
STATE OF THE MARKETS
Tech View: The current bearish sentiment is likely to continue in the short term, and a sell-on-rise strategy may remain the preferred approach as long as the index remains below 24,000. On the lower end, the correction may extend towards 23,700–23,730.
India VIX: India VIX, which is a measure of the fear in the markets, rose 3.6% to settle at 11.59.
Read more: Ahead of Market: 10 things that will decide stock market action on Thursday
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.
Foreign portfolio investors net bought shares worth Rs 6,688 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 2,813 crore.
The Indian rupee ended little changed on Wednesday after moving in a narrow range, as continued support from the Reserve Bank of India offset rising dollar demand from importers and the impact of a spike in oil prices and Treasury yields.
