Global markets ended the week on a negative note, with Indian markets also feeling the heat. The sentiment remained subdued throughout the week, with selling pressure intensifying towards the end. However, a late rebound helped limit the losses.
This week is expected to be busy, with the release of India's Wholesale Price Index (WPI) inflation and trade balance figures. Additionally, HSBC Composite, Manufacturing, and Services PMI readings will be closely watched for signs of economic momentum.
The GIFT Nifty signals a negative start to the week, with a 0.35% decline. The India VIX, a measure of market fear, fell 2.8% to 10.11 levels.
US stocks ended lower, with the S&P 500 and Nasdaq down over 1%. Asian stocks also slipped, with the Hang Seng and Australia's S&P/ASX 200 falling. The dollar was down, while the euro and sterling held steady.
Foreign portfolio investors net sold shares worth Rs 1,114 crore, while DIIs were net buyers at Rs 3,869 crore. The rupee depreciated to an all-time low of 90.49 against the US dollar.
Companies like Bandhan Bank are in the F&O ban period, with securities crossing 95% of the market-wide position limit.
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