Investors now await key US economic data releases later today, including the second estimate of Q3 GDP growth, PCE inflation data, and initial jobless claims, which will provide further market direction.
Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: On the upside, 24,500 remains a significant resistance level, and a sustained breakout above this mark could pave the way for further gains. In the current volatile environment, traders are advised to follow a buy-on-dips strategy as long as the index holds above 24,000, said Hardik Matalia, Derivative Analyst at Choice Broking.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.4% to settle at 14.62 levels.
Stocks in F&O ban today
NIL
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 turned net buyers at Rs 8 crore on Wednesday. DIIs bought shares worth Rs 1,302 crore.
Rupee
The rupee depreciated by 11 paise to close at 84.40 against the US dollar on Wednesday amid uncertainties surrounding US President-elect Donald Trump’s trade policies and an increase in crude oil prices.
FII data
The net short of FIIs increased from Rs 1.23 lakh crore on Tuesday to Rs 1.35 lakh crore on Wednesday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Reference :
Reference link
