Indian equity markets ended lower for the third consecutive session, after traders booked profits on early gains. Foreign institutional investors (FIIs) were net sellers, while domestic institutional investors (DIIs) bought shares. The Indian rupee weakened against the US dollar. Analysts expect markets to closely follow global cues, particularly the upcoming US monetary policy actions.
According to the opening view from the F&O-derived GIFT Nifty (earlier SGX Nifty), the market signaled a positive start — trading about 117 points higher at 25,952.
- On the downside, a breakdown could carry the market toward 25,610 – 25,530.
- On the upside, resistance is seen near 25,870 and then 25,960–26,000.
Meanwhile, the volatility gauge India VIX fell slightly to ~10.91 — a modest drop from yesterday’s levels.
Given current global uncertainty and foreign-fund outflows, the near-term outlook remains cautious (with scope for rebound if global cues turn favorable), while traders watch closely for support/resistance breaks and cues from the US interest-rate environment.
Leave A Comment